Base Margin definition

Base Margin. As determined from the definition of Applicable Margin.
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Base Margin has the meaning specified in Section 5.2.
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Base Margin means (i) during the period commencing on the Closing Date and ending on but not including the first Adjustment Date (as defined below), one-half of one percent (0.50%) per annum and (ii) during each period, from and including one Adjustment Date to but excluding the next Adjustment Date (herein a "Calculation Period"), the percent per annum set forth in the table below in this Section 4.2 under the heading "Base Margin" opposite the Indebtedness to Adjusted EBITDA Ratio which corresponds to the Indebtedness to Adjusted EBITDA Ratio set forth in, and as calculated in accordance with, the applicable Compliance Certificate.
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Examples of Base Margin in a sentence

  • Such payments shall be applied first to Base Margin Loans and only then to Eurodollar Loans.

  • Base Margin Loans requested by the Borrower, other than those resulting from the conversion of a Libor Loan, shall not be less than $10,000.00.

  • Repo Agent’s determination of Market Value, Asset Value and Asset Base Margin Value in the manner specified in this Agreement shall be conclusive and binding upon the parties.

  • Any amount which is added to the principal balance of the Loan Account as provided in this Section 2.8(e) shall bear interest at the interest rate then and thereafter applicable to Base Margin Loans.

  • Any amount which is added to the principal balance of the Loan Account as provided in this Section 2.9(e) shall bear interest at the interest rate then and thereafter applicable to Base Margin Loans.


More Definitions of Base Margin

Base Margin has the meaning specified in Section 3.2.
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Base Margin. Zero Percent (0.00 %).
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Base Margin means, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Pricing Level for that Pricing Period.
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Base Margin. The then applicable Base Margin as determined from the applicable Pricing Grid.
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Base Margin means (i) during the period commencing on the Closing Date and ending on but not including the first Adjustment Date, one quarter of one percent (0.25%) per annum and (ii) during each period, from and including one Adjustment Date to but excluding the next Adjustment Date (herein a "Calculation Period"), the percent per annum set forth in the table below in this Section 3.2 under the heading "Base Margin" opposite the Leverage Ratio which corresponds to the Leverage Ratio set forth in, and as calculated in accordance with, the applicable Compliance Certificate.
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Base Margin means (a) for the Initial Pricing Period, one and three-quarters percent (1.75%), and (b) for each subsequent Pricing Period, the interest rate margin set forth below opposite the Pricing Level for that Pricing Period:
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Base Margin. Initially, the rate set forth in Level I below. Commencing November 1, 2010, and on the first day of each Fiscal quarter thereafter, the Base Margin shall be the following percentages based upon the following criteria: I Greater than $55,000,000 1.00% II Greater than $40,000,000 and less than or equal to $55,000,000 1.25% III Greater than $25,000,000 and less than or equal to $40,000,000 1.50% IV Less than or equal to $25,000,000 1.75% On the first day of each Fiscal quarter, the Base Margin shall be adjusted based upon the Borrower’s aggregate daily average Availability for the immediately preceding Fiscal quarter divided by the total number of days in such immediately preceding Fiscal quarter. provided, however, upon the occurrence of an Event of Default, the Base Margin shall be immediately increased to the percentage set forth in Level IV above (even if the average Availability requirements for another Level have been met) and interest shall be determined in the manner set forth in Section 2-11(f).
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