Applicable Revolving Margin definition

Applicable Revolving Margin means, on any date, the percentage set forth in the table below based on the ratings assigned to the Facilities on such date by Xxxxx’x Investors Service, Inc. and Standard & Poor’s Ratings Services: Rating (Moody’s/S&P) Margin Ba1 (or higher)/BB+ (or higher) 1.50 % Ba2/BB 1.75 % Ba3/BB- 2.00 % B1 (or lower)/B+ (or lower) 2.50 % If the Facilities are rated by only one such rating agency, the rating of such rating agency shall be used in determining the Applicable Revolving Margin. If the Facilities are rated by both such rating agencies and (x) the ratings differential is one level, the lower rating will apply or (y) the ratings differential is two levels or more, the midpoint rating will apply; provided that if there is no midpoint rating, the lower of the two intermediate ratings surrounding the midpoint will apply. If the Facilities are not rated by either of such rating agencies, the Facilities shall be deemed to be rated one level higher than (i) in the case of Xxxxx’x Investors Service Inc., the Borrower’s corporate family rating and (ii) in the case of Standard & Poor’s Rating Services, the Borrower’s corporate credit rating and, in each case, the rules of the preceding two sentences shall apply to such deemed ratings. If the Facilities are not rated (or deemed rated in accordance with the preceding sentence) by either or such rating agencies, the Applicable Revolving Margin shall be 2.50%. AES Fourth Amended and Restated Credit Agreement

Applicable Revolving Margin. With respect to:

Applicable Revolving Margin means, in relation to the Revolving Outstandings and subject to Clause 5.3 (MARGIN RATCHET), 2.25 % per annum.

Examples of Applicable Revolving Margin in a sentence

• Interest shall accrue and be payable on the unpaid balance of the Advances at a floating rate per annum equal to the sum of the Prime Rate plus 2.0% (the latter being the “Applicable Revolving Margin”); provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, the Advances shall thereafter bear interest at a floating rate equal to the sum of (a) the Prime Rate, plus (b) the Applicable Revolving Margin, plus (c) 2.0%.

• IMPLEMENTATION DETAILS This section gives an overview of implementation details.

• Such fee shall be allocated between the Tranche A Revolving Credit Loan Banks and the Tranche B Revolving Credit Loan Banks based on such Banks earning a commission equal to the Applicable Revolving Margin for Tranche A Revolving Credit Loans and the Applicable Re-volving Margin for Tranche B Revolving Credit Loans, respectively, and then ratably in proportion to their Total Exposures.

• Interest shall accrue and be payable on the unpaid balance of the Advances at a floating rate per annum equal to the sum of the Reference Rate plus 2% (the latter being the “Applicable Revolving Margin”); provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, the Advances shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Revolving Margin, plus (c) 4%.

• The Supplier shall, promptly at the Customer's request, do (or procure to be done) all such further acts and things and the execution of all such other documents as the Customer may from time to time require for the purpose of securing for the Customer the full benefit of the Contract, including all right, title and interest in and to the Intellectual Property Rights assigned to the Customer in accordance with clause 7.2.

More Definitions of Applicable Revolving Margin

Applicable Revolving Margin is amended and restated in its entirety to read as follows:

Applicable Revolving Margin means 0.275 per cent per annum.

Applicable Revolving Margin means, in relation to the Revolving Outstandings, 2.00% per annum.

Applicable Revolving Margin. 8.875%, provided that such Applicable Revolving Margin shall reduce by 0.8125% on the date the September Paydown Covenant is satisfied, whether before or after September 30, 2011 and provided further that the Applicable Revolving Margin shall further reduce by 0.8125% on the date the December Paydown Covenant is satisfied, whether before or after December 31, 2011.”

Applicable Revolving Margin means, with respect to any Revolving Loan, three-quarters of one percent (0.75%) per annum.

Applicable Revolving Margin means a percentage per annum determined by reference to the ratio of total Debt for Borrowed Money to Operating Cash Flow, as set forth below: Base Rate Eurodollar CD Rate Ratio Advances Advances Advances ----- --------- ---------- -------- greater than 5.0:1.0 0.75% 1.875% 2.000% greater than 4.5:1.0 but less than or equal to 5.0:1.0 0.50% 1.625% 1.750% 8 -4- greater than 4.0:1.0 but less than or equal to 4.5:1.0 0.25% 1.375% 1.500% greater than or equal to 3.0:1.0, but less than or equal to 4.0:1.0 0.00% 1.125% 1.250% less than 3.0:1.0 0.00% 0.875% 1.000% Any change in the Applicable Revolving Margin required pursuant to the foregoing shall become effective on the fifth day after receipt by the Agent of the Borrower's most recent financial statement and Compliance Certificate of the Borrower delivered pursuant to Section 3.01(l)(xvi), 5.03(b) or 5.03(c); provided however, that in the event that the Borrower fails to provide any financial statement on a timely basis in accordance with Section 5.03(b) or 5.03(c), any interest rate increase payable as a result thereof shall be retroactively effective to the date on which the financial statement in question should have been received by the Agent in accordance with Section 5.03, and the Borrower shall pay any amount due as a result thereof upon written demand from the Agent.

Applicable Revolving Margin means, with respect to any portion of the Revolving Loans constituting a Eurodollar Rate Loan, a percentage equal to 2.75% and with respect to any portion of Revolving Loans constituting Reference Rate Loans, a percentage equal to 0.50%; PROVIDED, that the Applicable Revolving Margin will be adjusted on the tenth day after receipt by Agent of Borrower's audited financial statements for its fiscal year ending March 31, 2000 based on EBITDA as calculated for such fiscal year and thereafter on the tenth day after receipt by Agent of Borrower's financial statements for the most recently ended calendar quarter based on EBITDA as calculated for the 12 month period ending on the day of such calendar quarter, as follows: Reference Rate Eurodollar Rate EBITDA Loans Loans ------ ----- ----- Less than 90% of projected EBITDA for the 0.75% 3.00% applicable period as set forth on Schedule A-1 90% to and including 110% of projected EBITDA for 0.50% 2.75% the applicable period as set forth on Schedule A-1 More than 110% of projected EBITDA for the 0.25% 2.50% applicable period as set forth on Schedule A-1 If Borrower fails to deliver to Agent its financial statements within the time required under SECTION 6.3, the Applicable Revolving Margin shall conclusively be presumed to be equal to the highest Applicable Revolving Margin specified in the above chart until delivery of such financial statements. In addition, if the audited financial statements of Borrower for any fiscal year show that, in accordance with the chart set forth above, a higher or lower Applicable Revolving Margin was applicable, the Applicable Revolving Margin shall be retroactively adjusted to such actual Applicable Revolving Margin.