Base Rate Term Loan Margin definition

Base Rate Term Loan Margin means 3 percentage points.

Base Rate Term Loan Margin the Applicable Margin with respect to Base Rate Term Loans.

Base Rate Term Loan Margin means 3.75 percentage points.

Examples of Base Rate Term Loan Margin in a sentence

• If such notice is given all amounts due under the Loans shall bear interest at the Base Rate plus the Applicable Base Rate Line of Credit Margin or the Base Rate plus the Applicable Base Rate Term Loan Margin, as may be applicable.

• Productivity per sector has been calculated by dividing the gross value added by FTE.

• Except as provided in clause (c) below, all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows (i) if the relevant Obligation is a portion of the Term Loan at a per annum rate equal to the Base Rate plus the Base Rate Term Loan Margin, and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.

• Except as provided in clause (c) below, all Obligations (except for undrawn Letters of Credit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows (i) if the relevant Obligation is the Term Loan, at a per annum rate equal to the Base Rate plus the Base Rate Term Loan Margin, and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.

More Definitions of Base Rate Term Loan Margin

Base Rate Term Loan Margin means 2.50 percentage points.

Base Rate Term Loan Margin means one-quarter of one percent (0.25%).”

Base Rate Term Loan Margin means 0.75 percentage points.

Base Rate Term Loan Margin means 4.50 percentage points.

Base Rate Term Loan Margin means, as of any date of determination (with respect to any portion of the outstanding Term Loan on such date that is a Base Rate Loan), the applicable margin set forth in the following table that corresponds to the most recent Leverage Ratio calculation delivered to Agent pursuant to Section 5.3 of the Agreement (the “Leverage Ratio Calculation’”): provided, however, that for the period from the Restatement Effective Date through the earlier of (a) the date Agent receives the Leverage Ratio Calculation in respect of the testing period ending March 31, 2010 or (b) the date Agent receives the Leverage Ratio Calculation in respect of the testing period ending after the date that $5,000,000 of the principal of the Term Loan has been prepaid (either through mandatory or voluntary prepayments), the Base Rate Term Loan Margin shall be 2.00 percentage points: Level Leverage Ratio Calculation Base Rate Term Loan Margin I If the Leverage Ratio is greater than or equal to 1.50:1.00 1.50 percentage points II If the Leverage Ratio is less than 1.50:1.00 and greater than or equal to 1.00:1.00 1.25 percentage points III If the Leverage Ratio is less than 1.00:1.00 1.00 percentage points Except as set forth in the foregoing proviso, the Base Rate Term Loan Margin shall be based upon the most recent Leverage Ratio Calculation, which will be calculated as of the end of each fiscal quarter. Except as set forth in the foregoing proviso, the Base Rate Term Loan Margin shall be re-determined quarterly on the first day of the month following the date of delivery to Agent of the certified calculation of the Leverage Ratio pursuant to Section 5.3; provided, however, that if Borrower fails to provide such certification when such certification is due, the Base Rate Term Loan Margin shall be set at the margin in the row styled “Level I” as of the first day of the month following the date on which the certification was required to be delivered 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 Base Rate Term Loan Margin shall be set at the margin based upon the calculations disclosed by such certification. The foregoing notwithstanding and without limiting the right of the Agent or the Required Lenders to charge additional interest at the default rate under Section 2.6(c) of the Agreement, at any time that an...

Base Rate Term Loan Margin means 5.00 percentage points.

Base Rate Term Loan Margin means 7.00 percentage points (the "Applicable Term Loan Percentage") plus the Triggering Event Percentage; provided, however, that (a) if Borrowers have failed to repay in full in cash the outstanding principal balance of the Term Loan (inclusive of the applicable Term Loan PIK Amount theretofore so added) prior to the first anniversary of the Closing Date then the Applicable Term Loan Percentage shall be automatically increased by 2.00 percentage points effective as of the first anniversary of the Closing Date such that as of the first anniversary of the Closing Date, the Applicable Term Loan Percentage shall equal 9.00 percentage points, and (b) if Borrowers have failed to repay in full in cash the outstanding principal balance of the Term Loan (inclusive of the applicable Term Loan PIK Amount theretofore so added) prior to the second anniversary of the Closing Date then the Applicable Term Loan Percentage shall be automatically increased by an additional 2.00 percentage points effective as of the second anniversary of the Closing Date such that as of the second anniversary of the Closing Date, the Applicable Term Loan Percentage shall equal 11.00 percentage points.