Applicable Term Margin definition

Applicable Term Margin. With respect to:

Applicable Term Margin means, as of any date of determination, 5.25%.

Applicable Term Margin means 3.5% (three comma five percent) nacq;

Examples of Applicable Term Margin in a sentence

• Subject to the provisions of Section 4.1(f), the Borrowers will pay interest on the unpaid principal amount of each LIBOR Term Loan for the applicable Interest Period at a rate per annum equal to the sum of (i) the Applicable Term Margin and (ii) LIBOR, payable in arrears as it accrues on each Interest Payment Date, and when such LIBOR Term Loan is due (whether at maturity, by reason of acceleration or otherwise).

• The particular Applicable Margin or Applicable Term Margin, as applicable, set forth opposite the specified pricing tier in the tables set forth inss.2.4(b) orss.2.6(e)(B), as applicable." "QUARTER END DATE.

• Interest shall accrue and be payable on the unpaid balance of Term Loan B at a floating rate per annum equal to the sum of the Reference Rate plus 1.0% (the latter being the "Applicable Term Margin"); provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, Term Loan B shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Term Margin, plus (c) 2%.

• At a rate per annum equal to the sum of (i) the Eurodollar Rate for the Interest Period then in effect with respect to the Term Loan, plus (ii) the Applicable Term Margin in effect on the first day of such Interest Period, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period.

• S4 (c) Upon the happening of any Event of Default, each Advance shall, at the option of the Lender, bear interest until paid in full (i) during the balance of any Interest Period applicable to such Advance, at a rate per annum equal to the sum of the rate applicable to such Advance during such Interest Period plus 2.0%, and (ii) otherwise, at a rate per annum equal to the sum of (A) the Reference Rate, plus (B) the Applicable Term Margin, plus (C) 2.0%.

More Definitions of Applicable Term Margin

Applicable Term Margin with respect to the Term Loan, the margin set forth below, as determined by the Cash Flow Leverage Ratio for the prior month: Level Ratio Term Margin I Less than or equal to 2.00 to 1.00 3.75 % II Greater than 2.00 to 1.00 4.75 % Commencing on the date hereof, the margin shall be determined as if Level I were applicable. Thereafter, the margins shall be subject to increase or decrease upon receipt by Lender pursuant to Section 10.01(c) of the financial statements and corresponding Compliance Certificate for the most recent month, which change shall be effective on the first day of the calendar month following receipt. If, by the first day of a month, any financial statement or Compliance Certificate due in the preceding month has not been received, or if a Default or an Event of Default has occurred and is continuing, then, at the option of Lender, the margins shall be determined as if Level II were applicable, from such day until the first day of the calendar month following actual receipt.

Applicable Term Margin at any time means the applicable percentage set forth in the Pricing Grid for Term Loans opposite the then applicable Leverage ratio as set forth on the most recent Compliance Certificate required to be delivered under Section 6.2(a) provided that in the event the Agent shall not have received when due any financial statement or Compliance Certificate required to be delivered under Sections 6.2(a) and 6.2(b), the Applicable Term Margin for Base Rate Loans or Offshore Rate Loans, as the case may be, shall be the margin for Base Rate Loans or Offshore Rate Loans, as the case may be, corresponding to a Leverage Ratio of 4.00 to 1 until the Agent shall have received all such financial statements and Compliance Certificates; provided, however, that for the period from the Restatement Date to the date which is three (3) Business Days after the date upon which the Company shall have delivered its September 30, 1999 financial statements and Compliance Certificate as required by Section 6.2(b), the Applicable Term Margin for Base Rate Loans or Offshore Rate Loans, as the case may be, shall be deemed to be the margin for Base Rate Loans or Offshore Rate Loans, as the case may be, corresponding to a Leverage Ratio of 3.00 to 1. Each change in the Applicable Term Margin shall take effect with respect to all outstanding Loans on the third Business Day immediately succeeding the day on which the Compliance Certificate is received by the Agent.

Applicable Term Margin means, (a) as to Prime Rate Term Loans, 1.50%, and (b) as to LIBOR Term Loans, 3.00%.

Applicable Term Margin means (a) 0.275 per cent per annum until and including the date falling 12 months after the Closing Date for the Tender Offer, (b) 0.325 per cent per annum for the period from the end of the period mentioned in (a) until and including the date falling 24 months after the Closing Date for the Tender Offer and (c) 0.35 per cent per annum for the period from the end of the period mentioned in (b) until the Term Loan Termination Date.

Applicable Term Margin means, at all times during the applicable period set forth below: (a) with respect to Term Eurodollar Borrowings the percentage per annum set forth below adjacent to the applicable period under the heading "Eurodollar Margin"; and (b) with respect to Term Federal Funds Borrowings, the percentage per annum set forth below adjacent to the applicable period under the heading "Federal Funds Margin." Period Eurodollar Margin Federal Funds Margin Initial Funding Date through March 31, 2004 1.25% 1.75% April 1, 2004 through March 31, 2008 1.50% 2.00% April 1, 2008 through March 31, 2012 1.75% 2.25% April 1, 2012 through March 31, 2016 2.00% 2.50% April 1, 2016 through March 31, 2018 2.25% 2.75%

Applicable Term 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: Margin Over Ratio Eurodollar Advances ----- ------------------- greater than 5.0:1.0 2.000% greater than 4.5:1.0 but less than or equal to 5.0:1.0 1.750% greater than 4.0:1.0 but less than or equal to 4.5:1.0 1.500% greater than or equal to 3.0:1.0, but less than or equal to 4.0:1.0 1.250% less than 3.0:1.0 1.000%

Applicable Term Margin means, as of any Interest Payment Date and for the fiscal quarter immediately preceding such Interest Payment Date, the following margin based upon the most recent Total Leverage Ratio calculation as of the end of the fiscal quarter immediately preceding such Interest Payment Date; provided, however, that at any time that an Event of Default exists hereunder, the Applicable Term Margin shall be at Level I: LEVEL TOTAL LEVERAGE RATIO LIBOR RATE LOANS ALTERNATE BASE RATE LOANS II < 3.50 to 1.0 7 and one half percentage points (7.5%) 6 and one half percentage points (6.5%) Except as set forth in the initial proviso in this definition, the Applicable Term Margin shall be based upon the most recent Total Leverage Ratio calculation, which will be calculated on a fiscal quarter basis. Except as set forth in the initial proviso in this definition, the Applicable Term Margin shall be re-determined each quarter on the first day of the month following the date of delivery to the Administrative Agent of the certified calculation of the Total Leverage Ratio pursuant to Section 9.02 hereof; provided, however, that if the Borrower fails to provide such certified calculation when due, the Applicable Term Margin immediately shall be set at the margin in the row styled “Level I” until the date on which such certification is delivered (on which date (but not retroactively), without constituting a waiver of any Default or Event of Default occasioned by the failure to timely deliver such certification, the Applicable Term Margin shall be set at the margin based upon the Total Leverage Ratio calculation disclosed by such certification).