Applicable Revolver LIBOR Margin definition
Examples of Applicable Revolver LIBOR Margin in a sentence
The Applicable Margins shall be as follows: Applicable Revolver Index Margin 2.75 % Applicable Revolver LIBOR Margin 3.75 % Applicable Term Loan Index Margin 2.75 % Applicable Term Loan LIBOR Margin 3.75 % 1 Borrower to supply account information.
The Applicable Revolver Index Margin, Applicable Revolver LIBOR Margin, Applicable Term Loan Index Margin, Applicable Term Loan LIBOR Margin, Applicable L/C Margin, and Applicable Unused Line Fee Margin shall be 0.50%, 2.00%, 0.75%, 2.25%, 1.50%, and 0.375% per annum, respectively.
Notwithstanding any other provision of this Agreement or the other Loan Documents, the Swing Line Loan shall constitute a Loan bearing interest at the commercial paper rate plus the Applicable Revolver LIBOR Margin for US Swing Line Advances or the Index Rate plus the Applicable Revolver BA Margin for Canadian Swing Line Advances in Canadian Dollars as provided in Section 1.5(a) and no Swing Line Loan shall remain outstanding for more than fifteen (15) days.
The Applicable Revolver Index Margin, Applicable Term Loan Index Margin, Applicable Revolver LIBOR Margin, Applicable Term Loan LIBOR Margin, Applicable L/C Margin and Applicable Unused Line Fee Margin will be at Level II as reflected in the grid below, respectively, as of the Sixth Amendment Date.
Adjustments in Applicable Margins shall be determined by reference to the following grids: If the Total Leverage The Level of Applicable Ratio is: Margins will be: < 7.0x Level I - > 7.0x Level II Applicable Margins Level I Level II Applicable Revolver Index Margin 1.50% 2.00% Applicable Revolver LIBOR Margin 3.00% 3.50% If there is a disparity between the financial tests described above, the test resulting in the greater level of Applicable Margins will prevail.