EURIBOR Margin definition

EURIBOR Margin has the meaning assigned to that term in Section 5.07(c).
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EURIBOR Margin means, at any time with respect to each EURIBOR Rate Advance outstanding at such time (for any Advance in Euro), the applicable rate per annum set forth in the table below, determined in accordance with Section 5.04(b) on the basis of the Credit Ratings by Moody’s and S&P on the Borrower’s senior unsecured Debentures at such time:
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EURIBOR Margin means the per annum interest rate margin from time to time in effect and payable in addition to the EURIBOR with respect to EURIBOR Loans, applicable to the Loans, as determined by reference to the definition of Applicable Margin.
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Examples of EURIBOR Margin in a sentence

  • If such Advance is a EURIBOR Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the EURIBO Rate for such Interest Period plus the Applicable EURIBOR Margin for 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 which occurs during such Interest Period every three months from the first day of such Interest Period.

  • If such Advance is a EURIBOR Rate Advance, a rate per annum equal at all times during the Interest Period for such Advance to EURIBOR for such Interest Period plus the EURIBOR Margin (such rate to change when and as the EURIBOR Margin changes), payable on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on the date during such Interest Period which occurs three months after the first day of such Interest Period.

  • If such Advance is a ▇▇▇▇▇ Advance, a rate per annum equal to ▇▇▇▇▇ in effect from time to time plus the Applicable EURIBOR Margin, payable in arrears monthly on the last Business Day of each fiscal month during the period such ▇▇▇▇▇ Advance remains outstanding and on the date such ▇▇▇▇▇ Advance shall be paid in full.

  • If any Lender does not make available to the Agent the amount required pursuant to ss.2.1(b) or ss.2.1(c), the Agent shall be entitled to recover such amount on demand from such Lender, together with interest thereon for each day from the date of nonpayment until such amount is paid in full (the "Non-payment Period") at a rate equal to the overnight federal funds rate for the Non-payment Period plus the applicable LIBOR or EURIBOR Margin, as set forth in ss.2.6(a).

  • Any Credit Rating assigned by a substitute credit agency, prior to the determination of the facility fee or letter of credit fee for the period during which such Credit Rating shall be in effect or the determination of the applicable Eurocurrency Margin or EURIBOR Margin at any time, shall be converted to the nationally recognized equivalent thereof under the rating system employed by M▇▇▇▇’▇, S&P or Fitch, as applicable.

  • Any Credit Rating assigned by a substitute credit agency, prior to the determination of the facility fee or letter of credit fee for the period during which such Credit Rating shall be in effect or the determination of the applicable Eurocurrency Margin or EURIBOR Margin at any time, shall be converted to the nationally recognized equivalent thereof under the rating system employed by ▇▇▇▇▇’▇, S&P or Fitch, as applicable.


More Definitions of EURIBOR Margin

EURIBOR Margin. The meaning specified in ss.2.6 (a).
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EURIBOR Margin means a rate per annum determined in accordance with the Pricing Schedule.
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