Applicable Margin. The term definition

Applicable Margin. The term. Applicable Margin" means initially the percentage corresponding to the Consolidated Funded Debt to EBITDA Ratio of the Borrower set forth on the table set forth below based on the quarterly financial statements for the fiscal period ending as of June 30, 1997, provided, however, that from and after the first day of any Applicable Margin Adjustment Period to and including the last day of such Applicable Margin Adjustment Period, the Applicable Margin shall be determined by reference to percentages corresponding to the Consolidated Funded Debt to EBITDA Ratio of the Borrower for the Test Period last ended, in accordance with the following table: Applicable Applicable Nargin for If Such Ratio Margin for LIBOR Alternate Base Is: Commitment Fee Loans Rate Loans Less than 1.15 to 1.00 25 basis points (.25%) 100 basis points (1.00%) -0- Greater than or equal to 25 basis points (.25%) 125 basis points (1.25%) -0- 1.15 to 1.00, but less than 1.5 to 1.00 Greater than or equal to 30 basis points (.30%) 150 basis points (1.50%) 25 basis points (.25%) 1.50 to 1.00, but less than 2.00 to 1.00 Greater than or equal to 37.5 basis points (.375%) 175 basis points (1.75%) 50 basis points (.50%) 2.0 to 1.00, but less than 2.5 to 1.00
Sample 1
Applicable Margin. The term. Applicable Margin" means initially the percentage corresponding to the Consolidated Funded Debt to EBITDA Ratio of the Borrower set forth on the table set forth below based on the quarterly financial statements for the fiscal period ending as of June 30, 1997, provided, however, that from and after the first day of any Applicable Margin Adjustment Period to and including the last day of such Applicable Margin Adjustment Period, the Applicable Margin shall be determined by reference to percentages corresponding to the Consolidated Funded Debt to EBITDA Ratio of the Borrower for the Test Period last ended, in accordance with the following table: Applicable Applicable Margin for If Such Ratio Margin for LIBOR Alternate Base Is: Commitment Fee Loans Rate Loans -------------- -------------- ---------------- --------------- Less than 1.15 25 basis points 100 basis points to 1.00 (.25%) (1.00%) -0- Greater than or 25 basis points 125 basis points -0- equal to 1.15 to (.25%) (1.25%) 1.00, but less than 1.5 to 1.00 1.00 Greater than or 30 basis points 150 basis points 25 basis points equal to 1.50 to (.30%) (1.50%) (.25%) 1.00, but less than 2.00 to 1.00 Greater than or 37.5 basis points 175 basis points 50 basis points equal to 2.0 to (.375%) (1.75%) (.50%) 1.00, but less than 2.5 to 1.00 Greater than or 50 basis points 225 basis points 100 basis points equal to 2.5 to (.50)% (2.25%) (1.00%) 1.00 Notwithstanding the foregoing, at all times during which there exists an Event of Default, the Applicable Margin (A) with respect to Alternate Base Rate Loans, shall be 100 basis points (1.00%) and (B) with respect to LIBOR Loans, shall be 225 basis points (2.25%), and said margin shall be in addition to any margin added to the applicable rate of interest to calculate the "Default Rate" pursuant to the relevant Note.
Sample 1

Related to Applicable Margin. The term

  • 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.

  • 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.

  • 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 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:

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

  • 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 Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

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

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

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

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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 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 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).

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

  • Applicable Rate means a percentage per annum equal to:

  • Applicable Reference Rate means, for any Eurocurrency Rate Loan denominated in any LIBOR Quoted Currency, LIBOR, for any Eurocurrency Rate Loan denominated in euros, EURIBOR, for any Eurocurrency Rate Loan denominated in Australian Dollars, BBSY, for any Eurocurrency Rate Loan denominated in Canadian Dollars, CDOR and for any Eurocurrency Rate Loan denominated in New Zealand Dollars, BKBM, as applicable.

  • Applicable Commitment Fee Rate means:

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

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.