Applicable Term Loan Margin definition

Applicable Term Loan Margin means (i) 350 basis points for Term Loans that are Base Rate Loans, and (ii) 450 basis points for Term Loans that are Eurodollar Loans.

Applicable Term Loan Margin means, for any day, with respect to any Term Loan that is an ABR Loan, 6.00% per annum, and any Term Loan that is a Eurodollar Loan, 7.00% per annum.

Applicable Term Loan Margin means with respect to Term Loans that are Prime Rate Loans or LIBOR Loans hereunder, the percentage set forth below under the headings "Prime Rate Margin" and "LIBOR Margin", respectively, opposite the applicable ratio: Consolidated Senior Debt to Prime Rate Consolidated EBITDA Margin LIBOR Margin ------------------- ---------- ------------ Greater than 3.25:1.00 0.25% 2.00% Less than or equal to 3.25:1.00 0% 1.75% The Applicable Term Loan Margins will be initially set with respect to each Term Loan on the date which is five (5) Business Days following the date of receipt by the Bank of the pro forma financial statements referred to in Section 5.03(f) on the basis of such financial statements and thereafter shall be reset on the date which is five (5) Business Days following the date of receipt by the Bank of the financial statements referred to in 6.03(a) and Section 6.03(b), together with a certificate of the Chief Financial Officer of the Co-Borrowers certifying the ratio of Consolidated Senior Debt to Consolidated EBITDA and setting forth the calculation thereof in detail; provided, however, that if any such financial statement and certificate are not received by the Bank within the time period required pursuant to Section 6.03(a) or Section 6.03(b), as the case may be, the Applicable Term Loan Margin will be established at the highest rates provided above from the date such financial statement and certificate were due until the date which is five (5) Business Days following the receipt by the Bank of such financial statements and certificate; and provided, further, that the Bank shall not in any way be deemed to have waived any Event of Default, or any rights or remedies hereunder or under any other Loan Document in connection with the foregoing proviso. During the occurrence and continuance of a Default or an Event of Default, no downward adjustment, and only upward adjustments, shall be made to the Applicable Term Loan Margin.

Examples of Applicable Term Loan Margin in a sentence

• The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Term Loan Margin, and (ii) during such periods as such Term Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Term Loan Margin.

• With respect to any portion of the Term Loan that shall be a Eurodollar Loan, Borrower shall pay interest on the unpaid principal amount of each Eurodollar Loan outstanding from time to time, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Term Loan Margin), the Derived Term Loan Eurodollar Rate.

• Each Term Loan or portion thereof maintained as a LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the LIBOR Adjusted Rate plus the Applicable Term Loan Margin.

• During such periods as a Loan is a Eurodollar Loan, it shall bear interest at a rate perannum that shall at all times during an Interest Period therefor be the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for such Interest Period plus the Applicable Term Loan Margin in effect from time to time for such Loan.(c) D efault Interest.

• Changes in the Applicable Term Loan Margin based upon changes in the Total Funded Debt to EBITDA Ratio shall become effective on the first day of the month following each Financial Statement Due Date based upon the Total Funded Debt to EBITDA Ratio in effect at the end of the applicable period covered (in whole or in part) by the financial statements to be delivered by the applicable Financial Statement Due Date.

More Definitions of Applicable Term Loan Margin

Applicable Term Loan Margin means (a) with respect to Closing Date Term Loans, (i) 175 basis points for Closing Date U.S. Term Loans that are Base Rate Loans, (ii) 275 basis points for Closing Date U.S. Term Loans that are Eurocurrency Loans and (iii) 325 basis points for Closing Date EMEA Term Loans, (b) with respect to 2020 EMEA Term Loans, (x) on and after the Amendment No. 2 Effective Date and prior to the two-year anniversary of the Amendment No. 2 Effective Date, (i) 325 basis points for 2020 EMEA Term Loans that are Base Rate Loans and (ii) 425 basis points for 2020 EMEA Term Loans that are Eurocurrency Loans, and (y) on and after the two-year anniversary of the Amendment No. 2 Effective Date, (i) 375 basis points for 2020 EMEA Term Loans that are Base Rate Loans and (ii) 475 basis points for 2020 EMEA Term Loans that are Eurocurrency Loans, and (c) with respect to any other Class of Term Loans, the rate or rates specified in the applicable Additional Credit Extension Amendment.

Applicable Term Loan Margin means, (i) for any day immediately prior to the Amendment No. 6 Effective Date, with respect to any Term Loan that is an ABR Loan, 4.75% per annum, and any Term Loan that is a Eurodollar Loan, 5.75% per annum and (ii) for any day on and after the Amendment No. 6 Effective Date, with respect to any Term Loan that is an ABR Loan, 5.25% per annum, and any Term Loan that is a Eurodollar Loan, 6.25% per annum.”

Applicable Term Loan Margin means, (i) for any day immediately prior to the Amendment No. 4 Effective Date, with respect to any Term Loan that is an ABR Loan, 6.00% per annum, and any Term Loan that is a Eurodollar Loan, 7.00% per annum and (ii) for any day on and after the Amendment No. 4 Effective Date, with respect to any Term Loan that is an ABR Loan, 4.75% per annum, and any Term Loan that is a Eurodollar Loan, 5.75% per annum.”

Applicable Term Loan Margin for each Type of Term Loan, as set forth below: Term Loan Leverage Level LIBOR Margin Base Rate Margin -------------- ------------ ---------------- 1 (less than or equal to 1.00) 1.50% per annum 0 2 (greater than 1.00 less than or equal to 1.50) 1.75% per annum 0 3 (greater than 1.50 less than or equal to 1.75) 2.00% per annum 0 4 (greater than 1.75 less than or equal to 2.00) 2.25% per annum 0.25% per annum 5 (greater than 2.00) 2.50% per annum 0.50% per annum

Applicable Term Loan Margin means, with respect to Initial Term Loans, (i) 6.50% per annum for Initial Term Loans that are Base Rate Loans and (ii) 7.50% per annum for Initial Term Loans that are Eurodollar Loans.

Applicable Term Loan Margin means at all times during the applicable periods in which the Borrower's Senior Secured Leverage Ratio (determined by reference to the applicable Compliance Certificate as set forth below) is as set forth in the column entitled "Senior Secured Leverage Ratio": (a) with respect to the unpaid principal amount of each Base Rate Loan, the applicable percentage set forth below in the column entitled "Applicable Term Loan Margin for Base Rate Loans" and (b) with respect to the unpaid principal amount of each LIBO Rate Loan, the applicable percentage set forth below in the column entitled "Applicable Term Loan Margin for LIBO Rate Loans": Applicable Term Loan Applicable Term Loan Senior Secured Leverage Margin Margin Ratio for Base Rate Loans for LIBO Rate Loans --------------------- -------------------- Less than or equal to 2.50% 3.50% 2.0:1.0 Greater than 2.0:1.0 2.75% 3.75%

Applicable Term Loan Margin means twelve percent (12.00%).