Facility Margin definition

Facility Margin. Defined in Section 2.13(b).

Facility Margin means (i) at any time during the Availability Period, 85 basis points and (ii) thereafter, 85 basis points plus an additional 25 basis points for each period of three consecutive Interest Periods during which any Loan remains outstanding.

Facility Margin means either (a) with respect to the Euro-Rate or the Daily One-Month LIBO Rate, two percent (2.00%), or (b) with respect to the Base Rate, one percent (1.00%).

Examples of Facility Margin in a sentence

• While an Advance is a Base Rate Advance, a rate per annum equal to the sum of the Base Rate in effect from time to time plus the Facility Margin Level.

• While an Advance is a Eurodollar Rate Advance, a rate per annum for each Interest Accrual Period for such Advance equal to the sum of LIBOR for such Interest Accrual Period plus the Facility Margin Level.

• The Client agrees that under the Facility, Margin shall be blocked at the time of order placement after taking into account the limit price.

• The Tender Inviting Authority/User Institution reserves the right to terminate the contract, in whole or in part for its (Tender Inviting Authority‟s/User Institution‟s) convenience, by serving written notice on the successful tenderer at any time during the currency of the contract.

• The rate of interest applicable to each Revolving Facility Advance during its Term shall be the rate per annum which is the sum of the Revolving Facility Margin, the Mandatory Cost for such Advance at such time (if applicable) and, in relation to any Revolving Facility Advance denominated in euro, EURIBOR, or in relation to any Revolving Facility Advance denominated in any other currency, LIBOR, for the relevant Term.

More Definitions of Facility Margin

Facility Margin means, with respect to a One Month LIBOR Interest Period, 215 basis points per annum and, with respect to a Corporate Base Rate Interest Period, 115 basis points per annum.

Facility Margin means (i) 2.75% per annum during the Reinvestment Period and (ii) 2.90% per annum after the Reinvestment Period; provided that following the occurrence and during the continuation of an Event of Default or Termination Date, the Facility Margin above shall increase by 2.00% per annum.

Facility Margin. As set forth in the Fee Letter.

Facility Margin means the following per annum percent applicable from time to time based on the ratio of Funded Debt to EBITDA determined on a rolling four quarter basis at the end of the applicable fiscal quarter: Ratio of Funded Debt to EBITDA Facility Margin ------------------------------ --------------- Less than 1.75 to 1.0 0.125% Equal to or greater than 1.75 to 1.0 0.150% but less than 2.50 to 1.0 Equal to or greater than 2.50 to 1.0 0.200% but less than or equal to 3.25 to 1.0 The foregoing ratios shall be determined as of the end of each fiscal quarter based upon the financial statements to be delivered by the Company pursuant to Section 5.1(d)(ii). The determination of the Facility Margin as of the end of each such fiscal quarter shall be set forth on a certificate prepared by the Company and delivered with the financial statements to be delivered with respect to such quarter pursuant to Section 5.1(d)(ii). Any increase or decrease in the Facility Margin shall become effective beginning after the fifth Business Day following the date on which the Company delivers to the Agent its financial statements in accordance with Section 5.1(d)(ii), together with a certificate showing that a change in the Facility Margin is required; provided, however, if the financial statements required by Section 5.1(d)(ii) for the applicable quarters, together with the foregoing certificate, are not delivered within the required time period, then, until such delivery the "Facility Margin" shall be deemed to be 0.200%. Notwithstanding the foregoing, until the financial statements for the quarter ended June 30, 1997 are delivered pursuant to Section 5.1(d)(ii), the Facility Margin shall be deemed to be 0.200%.

Facility Margin means 185 basis points on the outstanding principal balance of the Loans.

Facility Margin means 200185 basis points.

Facility Margin means 185 basis points. “Facility Party” means each of the Manager and the Borrower, and “Facility Parties” means both of the foregoing. 747656567 17557858 29 Fifth Amended and Restated Warehouse Loan Agreement