APPLICABLE TRANCHE B BASE RATE MARGIN definition

APPLICABLE TRANCHE B BASE RATE MARGIN means, as at any date of determination, a rate per annum equal to the percentage set forth below opposite the Applicable Leverage Ratio in effect as of such date of determination, any change in any such Applicable Tranche B Base Rate Margin to be effective on the date of any corresponding change in the Applicable Leverage Ratio: Applicable Leverage Ratio Applicable Tranche B Base Rate Margin ------------------------------------- ------------------------------------- greater than 5.25:1.00 2.000% greater than 5.00:1.00, but 2.000% equal to or less than 5.25:1.00 greater than 4.50:1.00, but 1.750% equal to or less than 5.00:1.00 greater than 4.00:1.00, but 1.750% equal to or less than 4.50:1.00 greater than 3.50:1.00, but 1.500% equal to or less than 4.00:1.00 greater than 3:00:1.00, but 1.500% equal to or less than 3.50:1.00 equal to or less than 3.00:1.00 1.500%
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APPLICABLE TRANCHE B BASE RATE MARGIN means, at any date of determination, a rate per annum equal to the percentage set forth below opposite the Applicable Leverage Ratio in effect as of such date of determination, any change in any such Applicable Tranche B Base Rate Margin to be effective on the date of any corresponding change in the Applicable Leverage Ratio: APPLICABLE LEVERAGE RATIO APPLICABLE TRANCHE B BASE RATE MARGIN 5.00:1.00 or greater 1.250%
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APPLICABLE TRANCHE B BASE RATE MARGIN means, as at any date of determination, a rate per annum equal to the percentage set forth below opposite the Applicable Leverage Ratio in effect as of such date of determination, any change in any such Applicable Tranche B Base Rate Margin to be effective on the date of any corresponding change in the Applicable Leverage Ratio: Applicable Leverage Ratio Applicable Tranche B Base Rate Margin ------------------------- -------------------------------------
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More Definitions of APPLICABLE TRANCHE B BASE RATE MARGIN

APPLICABLE TRANCHE B BASE RATE MARGIN means, as of any date of determination, a percentage per annum set forth below opposite the applicable Leverage Ratio; provided that for the period beginning on and including the Closing Date to and including August 19, 1997, the Applicable Tranche B Base Rate Margin shall be 0.75% per annum; provided further that if Company has failed to provide a Margin Determination Certificate at the time required pursuant to subsection 6.1, the Applicable Tranche B Base Rate Margin shall be 1.25% per annum for the period from the date such Margin Determination Certificate was required to be delivered until such Margin Determination Certificate is actually delivered: LEVERAGE RATIO APPLICABLE TRANCHE B BASE RATE MARGIN greater than 5.0:1.0 1.25% less than or equal to 5.0:1.0 but greater than 4.75:1.0 1.00% less than or equal to 4.75:1.0 but greater than 3.75:1.0 0.75% less than or equal to 3.75:1.0 0.50%
Sample 1
APPLICABLE TRANCHE B BASE RATE MARGIN means with respect to any date of determination, a rate per annum equal to 1.50%.
Sample 1
APPLICABLE TRANCHE B BASE RATE MARGIN means, as of any date of determination, a percentage per annum as set forth below opposite the applicable Consolidated Leverage Ratio: CONSOLIDATED LEVERAGE RATIO APPLICABLE TRANCHE B BASE RATE MARGIN ------------------------------- ------------------------------------- greater than 8:00:1.00 1.75% less than or equal to 8.00:1.00 1.50% but greater than 7.00:1.00 less than or equal to 7.00:1.00 1.25% ; provided that for the first six months after the Closing Date, the Applicable -------- Tranche B Base Rate Margin shall be 1.75% per annum.
Sample 1
APPLICABLE TRANCHE B BASE RATE MARGIN means, as of any date of determination, a percentage per annum as set forth below opposite the applicable Pricing Level: Pricing Applicable Tranche B Level Base Rate Margin ------------------------ --------------------------------- Xxxxx 0 1.00% Xxxxx 0 1.00% Xxxxx 0 1.25% Xxxxx 0 1.50% Xxxxx 0 1.75% ; provided that for the first six months after the Closing Date, the Applicable Tranche B Base Rate Margin shall be the higher of 1.25% per annum or the Applicable Tranche B Base Rate Margin shown on the chart above; and provided further that if the Consolidated Leverage Ratio is less than or equal to 1.50:1.00 for two consecutive Fiscal Quarters tested as of the last day of the first Fiscal Quarter subsequent to the one year anniversary of the Closing Date (which testing date would be December 31, 1999 for the two consecutive Fiscal Quarters beginning July 1, 1999, assuming the Closing Date is September 30, 1998) or as of the last day of any Fiscal Quarter thereafter, the Applicable Tranche B Base Rate Margin shall be the percentage set forth less 0.25% after the first Business Day after the delivery of the Pricing Level Determination Certificate for the period ending on the last day of the second such consecutive Fiscal Quarter, and such 0.25% reduction shall remain in effect thereafter during such period as the Consolidated Leverage Ratio shall be less than or equal to 1.50:1.00; and provided still further that if, following any such 0.25% reduction in accordance with this definition, the Consolidated Leverage Ratio is greater than 1.50 to 1.00 for two consecutive Fiscal Quarters, such 0.25% reduction shall cease to be in effect after the first Business Day after the delivery of the Pricing Level Determination Certificate for the period ending on the last day of the second such consecutive Fiscal Quarter.
Sample 1
APPLICABLE TRANCHE B BASE RATE MARGIN means (i) with respect to any date of determination prior to the Restatement Closing Date, 1.50% per annum and (ii) with respect to any date of determination on or after the Restatement Closing Date, a rate per annum equal to the percentage set forth below opposite the Applicable Leverage Ratio in effect as of such date of determination, any change in any such Applicable Tranche B Base Rate Margin to be effective on the date of any corresponding change in the Applicable Leverage Ratio: APPLICABLE LEVERAGE RATIO APPLICABLE TRANCHE B BASE RATE MARGIN ------------------------- -------------------------------------
Sample 1

Related to APPLICABLE TRANCHE B BASE RATE MARGIN

  • Applicable Base Rate Margin means, with respect to ABR Loans of any Series at any time, the percentage rate per annum specified as the “Applicable Base Rate Margin” for such Series at such time, as determined pursuant to the Pricing Schedule.

  • Base Rate Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

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

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • Prime Rate Margin is set forth on Schedule I hereto.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable ABR Margin means, at any date:

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable Commitment Fee Rate means:

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including February 28, 2015, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled "Level II"; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled "Level II": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

  • Eurodollar Margin means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.