Applicable Margins definition

Applicable Margins means collectively the Applicable Revolver Index Margin and the Applicable Revolver LIBOR Margin.

Examples of Applicable Margins in a sentence

  • Failure to timely deliver such Financial Statements shall, in addition to any other remedy provided for in this Agreement, result in an increase in the Applicable Margins to the highest level set forth in the foregoing grid, until the first day of the first calendar month following the delivery of those Financial Statements demonstrating that such an increase is not required.

  • All outstanding Obligations shall bear interest on the unpaid principal amount thereof (including, to the extent permitted by law, on interest thereon not paid when due) from the date made until paid in full in cash at a rate determined by reference to the Base Rate or the LIBOR Rate plus the Applicable Margins as set forth below, but not to exceed the Maximum Rate.

  • If an Event of Default has occurred and is continuing at the time any reduction in the Applicable Margins is to be implemented, that reduction shall be deferred until the first day of the first calendar month following the date on which such Event of Default is waived or cured.

  • Concurrently with the delivery of those Financial Statements, Borrower shall deliver to Agent and Lenders a certificate, signed by its chief financial officer, setting forth in reasonable detail the basis for the continuance of, or any change in, the Applicable Margins.

  • If a Default or Event of Default has occurred and is continuing at the time any reduction in the Applicable Margins is to be implemented, that reduction shall be deferred until the first day of the first calendar month following the date on which such Default or Event of Default is waived or cured.


More Definitions of Applicable Margins

Applicable Margins means collectively the Applicable Index Margin and the Applicable LIBOR Margin.
Applicable Margins means the Applicable ABR Margin and/or the Applicable LIBOR Margin, as the case may be.
Applicable Margins means with respect to the Revolving Credit Facility, the Applicable Ratable Advance Margin for the Revolving Credit Facility, the Applicable Base Rate Margin for the Revolving Credit Facility and the Applicable Fee Rate, as applicable.
Applicable Margins means the Applicable ABR Margin and/or the Applicable Eurodollar Margin, as the case may be.
Applicable Margins means collectively the Applicable Index Margin and the Applicable Eurodollar Margin.
Applicable Margins means with respect to the Term Loan Facility, the Applicable Ratable Advance Margin for the Term Loan Facility and the Applicable Base Rate Margin for the Term Loan Facility, as applicable.