Applicable Prime Rate Margin definition

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

Applicable Prime Rate Margin shall have the meaning set forth in Section 2.5.1(ii) hereof.

Applicable Prime Rate Margin shall have the meaning provided in section 2.8(h).

Examples of Applicable Prime Rate Margin in a sentence

• Interest shall accrue on each Prime Rate Loan at an annual rate equal to the Prime Rate plus the Applicable Prime Rate Margin, said rate to change contemporaneously with any change in the Prime Rate.

• The rate hereunder shall change each day the Prime Lending Rate or the Applicable Prime Rate Margin changes.

• All Swingline Loans shall bear interest at the Prime Rate plus the Applicable Prime Rate Margin.

• Upon and after the occurrence of an Event of Default, and during the continuation thereof, the unpaid balance of the Revolving Loans shall bear interest, to the extent permitted by law, at the annual rate of interest equal to three percent (3%) above the Prime Rate plus the Applicable Prime Rate Margin in effect on the first Business Day following the occurrence of such Event of Default (the “Default Rate”), which interest shall be compounded monthly and payable on demand.

• Upon and after the occurrence of an Event of Default, and during the continuation thereof, the unpaid balance of the Revolving Loans shall bear interest, to the extent permitted by law, at the annual rate of interest equal to three percent (3%) above the Prime Rate plus the Applicable Prime Rate Margin in effect on the first Business Day following the occurrence of such Event of Default, which interest shall be compounded monthly and payable on demand.

More Definitions of Applicable Prime Rate Margin

Applicable Prime Rate Margin and "Applicable Eurodollar Margin" shall mean the applicable rates determined in accordance with the following provisions:

Applicable Prime Rate Margin means, as of any date, one-half of one percent (0.50)%.

Applicable Prime Rate Margin means one and one-quarter percent (1.25%) per annum with respect to all Acquisition Loans and one percent (1%) per annum with respect to all Working Capital Loans; provided however, that during any fiscal quarter of the Borrower where the Borrower shall have satisfied the Funded Debt to Consolidated Cash Flow ratio test indicated in the table below, the Applicable Prime Rate Margin for the Effective Period (as defined below) shall be the percentage rate per annum set forth opposite the appropriate test in the table below: -------------------------------------------------------------------------------- Funded Debt to Applicable Prime Rate Applicable Prime Rate Consolidated Cash Flow Margin for Acquisition Margin for Working Capital Ratio Loans Loans -------------------------------------------------------------------------------- Greater than 3.0 1.25% per annum 1.00% per annum -------------------------------------------------------------------------------- Greater than 2.50 and less 0.75% per annum 1.00% per annum than or equal to 3.00 -------------------------------------------------------------------------------- Greater than 2.00 and less 0.25% per annum 0.50% per annum than or equal to 2.50 -------------------------------------------------------------------------------- Greater than 1.50 and less 0.25% per annum 0.00% per annum than or equal to 2.00 -------------------------------------------------------------------------------- Greater than 1.00 and less 0.00% per annum 0.00% per annum than or equal to 1.50 -------------------------------------------------------------------------------- Less than or equal to 1.00 0.00% per annum 0.00% per annum -------------------------------------------------------------------------------- The Funded Debt to Consolidated Cash Flow ratio shall be computed in the same manner as set forth in 6.1(F)(1), and the Applicable Prime Rate Margin shall be confirmed by the Agent on the basis of the quarter-annual consolidated financial statements of the Borrower delivered to the Banks pursuant to Paragraph 6.1(B)(1). The "Effective Period" shall be the period commencing on the first business day of the first month following delivery to the Agent of the quarterly financial statements of the Borrower pursuant to Paragraph 6.1(B)(1), which financial statements indicate that the applicable test set forth above has been satisfied for the preceding fiscal quarter, and ending on the date that is three months after such commencement date...

Applicable Prime Rate Margin means, at any date of determination, the rate per annum then applicable to Prime Loans, determined in accordance with the provisions of Section 2.9(c)(ii) hereof.

Applicable Prime Rate Margin and “Applicable Unused Commitment Fee” means, as of any date, the applicable per annum rate shown in the applicable column in clause (vii) of Section 3.1.

Applicable Prime Rate Margin means, (a) for the period ---------------------------- commencing with the Amendment No. 3 Effective Date and ending February 28, 2002, for any Payment Period during such period, the respective rates indicated below for Revolving Credit Loans which are Prime Rate Loans opposite the applicable Pricing Level indicated below for such Payment Period (or as provided in the final sentence of this definition, for part of a Payment Period): Pricing Level Applicable Prime Rate Margin ------------- ---------------------------- (percent per annum)

Applicable Prime Rate Margin means, as of any date, with respect to: (i) a LIBOR Rate Revolving Loan, a Prime Rate Revolving Loan, or the Applicable LOC Fee, the applicable per annum rate shown in the applicable column in Section 3.2.5 based on the then applicable Borrowing Base Availability; (ii) a LIBOR Rate Term Loan, 2.50% per annum; and (iii) a Prime Rate Term Loan, 0.00% per annum.”