Applicable Margin Notice definition

Applicable Margin Notice means a notice by Fxxxxx Mac to National Rural notifying National Rural of each new determination of the Applicable Margin and AM Term in accordance with Section 2.02(a), in the form of Schedule II hereto.
Sample 1

Examples of Applicable Margin Notice in a sentence

  • In the event that the Borrowers agree to the Lenders request as set out in the relevant Applicable Margin Notice and provided always that K-sure has also agreed in writing to the proposed margin increase set out therein, then the relevant increased margin shall apply in relation to any Interest Period (or part thereof) of the relevant Advance commencing on or falling after the Sixth Anniversary of such Advance.

  • In the event that either the Borrowers or K-sure do not agree to the Lenders request as set out in the relevant Applicable Margin Notice, then the provisions of clause 4.4 may apply.

  • In the event that the Borrowers fail to respond to an Applicable Margin Notice by the date set out in clause 3.7.2, it shall be deemed that the Borrowers have accepted the Lenders request as set out in such Applicable Margin Notice.

  • If the Term Loan Conversion Option is available to the Borrower, then promptly upon receipt of the Term Loan Conversion Request, and no later than 45 days prior to the Revolving Commitment Termination Date, the Lenders shall indicate to the Administrative Agent the Applicable Margins at which the Term Loans will bear interest over LIBOR and Base Rate after the Revolving Commitment Termination Date, and the Administrative Agent shall promptly notify the Borrower thereof (the "Applicable Margin Notice").

  • In the event that K-sure fails to advise the Lenders (through the K-sure Agent) of its decision in relation to the relevant Applicable Margin Notice by the date set out in clause 3.7.2, it shall be deemed that K-sure has rejected the Lenders request as set out in the relevant Applicable Margin Notice.

  • The Borrowers shall advise the Lenders and the K-sure Agent whether or not they agree to the margin increase request set out in the relevant Applicable Margin within fifteen (15) days of receipt of the Applicable Margin Notice.

  • If the conditions set forth in clause (c) above are satisfied and the Revolving Loans and all Swingline Loans are converted into Term Loans, on the Revolving Commitment Termination Date, the Lenders shall reallocate their outstanding Loans such that the Term Loans are shared pro rata based upon their respective Pro Rata Shares, and the Applicable Margins shall be adjusted in accordance with the terms of the Applicable Margin Notice.

  • Based on SBA’s IGCE, the12-month base contract would cost SBA about $3.7 million, making it eligible for 8(a) sole source procedures.

  • Yet, dress codes are also subject to reinterpretation by foreign residents and locals alike, which in turn complicates, and somehow disrupts, the seemingly neat distinction between nationals and foreigners.

  • If the Borrower accepts the proposed Applicable Margins in the Applicable Margin Notice, it shall promptly notify the Administrative Agent and the Lenders, and subject to the conditions set forth in clause (c) below, all outstanding Swingline Loans and Revolving Loans shall automatically convert to Term Loans on the Revolving Commitment Termination Date, to be funded pro rata by all Lenders based on their Pro Rata Share of the Revolving Credit Exposure immediately prior thereto.

Related to Applicable Margin Notice

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • Applicable ABR Margin means, at any date:

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable Base Rate Margin means, with respect to ABR Loans of any Series at any time, the percentage rate per annum specified as the “Applicable Base Rate Margin” for such Series at such time, as determined pursuant to the Pricing Schedule.

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Base Rate Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment (without regard to usage) at such time as set forth in the Pricing Schedule.

  • Maximum Applicable Rate with respect to APS, has the meaning set forth in Section 11.10(a)(vii) of these Bylaws.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Applicable Commitment Fee Rate means:

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • Eurodollar Margin means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Prime Rate Margin is set forth on Schedule I hereto.