Base Rate Applicable Margin definition

Base Rate Applicable Margin means the Applicable Margin in effect for an Adjusted Base Rate Borrowing as determined in accordance with Section 2.9 hereof.
Base Rate Applicable Margin means, as of any date with respect to any Base Rate Advance, the applicable per annum amount then in effect pursuant to Section 2.3 hereof.
Base Rate Applicable Margin means (a) on any date for which it is determined and on which the outstanding principal balance of Borrowing Base Debt shall be less than or equal to the Borrowing Base then in effect, zero percent (0%); and (b) on any date on which the outstanding principal balance of Borrowing Base Debt, including all Loans, exceeds the Borrowing Base then in effect, three-quarters of one percent (.750%).

Examples of Base Rate Applicable Margin in a sentence

  • If the Borrower fails to deliver a compliance certificate in accordance with Section 8.2(iv), the LIBOR Applicable Margin and the Base Rate Applicable Margin shall equal the percentages corresponding to a Consolidated Leverage Ratio of 55% or greater until the first day of the calendar month immediately following the month that the required compliance certificate is delivered.

  • Any adjustment to the LIBOR Applicable Margin and Base Rate Applicable Margin shall be effective as of the first day of the calendar month immediately following the month during which the Borrower delivers to the Administrative Agent the applicable compliance certificate pursuant to Section 8.2(iv).

  • Thereafter, such LIBOR Applicable Margin and Base Rate Applicable Margin shall be adjusted from time to time as set forth in this definition.

  • Notwithstanding the foregoing, at any time that either the Xxxxx’x Debt Rating is lower than A3 or the S&P Debt Rating is lower than A-, (a) the LIBOR Applicable Margin, the L/C Fee and the Base Rate Applicable Margin shall be increased to one and one-half percent (1.50%), and (b) the Commitment Fee Rate shall be increased to one half of one percent (0.50%).

  • While we aim to prove thatmobile money can stand on its own, we acknowledge that indirect benefits can be attractive.


More Definitions of Base Rate Applicable Margin

Base Rate Applicable Margin means, as of any date, the Applicable Margin in effect on such date with respect to Base Rate Loans.
Base Rate Applicable Margin. See definition of Applicable Margin.
Base Rate Applicable Margin means as of any date, with respect to the percentage spread to be added to the Base Rate under the Base Rate Option, the percentage in effect on such date under the definition of theApplicable Margin”.
Base Rate Applicable Margin is (a) in the case of Term Loans, 1.00% per annum, (b) in the case of Revolver A Loans, 2.25% per annum and (c) in the case of Revolver B Loans, 1.25% per annum.
Base Rate Applicable Margin means for any day the rate per annum in effect for Base Rate Loans for such day based on the Borrower’s Debt Rating for such day determined as provided in the Pricing Grid.
Base Rate Applicable Margin. Capital Factors Lawsuit", "Layaway Reserve" and "Net Worth" are hereby added to Section 1.1 of the Agreement to read as follows: Base Rate Applicable Margin. At all times from March 23, 2004 through the date of receipt of the Borrower's quarterly financial statements and covenant compliance certificate in the form of Exhibit K for the fiscal quarter ended April 30, 2005, one half of one percent (1/2%) and thereafter zero percent (0.0%).
Base Rate Applicable Margin means, at any time, with respect to any Base Rate Advance, one and three-quarters percent (1.75%) per annum.