Index Margin definition

Index Margin. As determined pursuant to the applicable section of the Margin Pricing Grid set forth in Section 2.11(f), for loans initiated on or after the date when so set, that is to say Index contracts in effect at the time of increases/decreases in margin will remain in effect at the margin originally utilized when the contract was opened. The margin in effect at a given time will apply to contracts opened at that time, and shall be based upon the Margin Pricing Grid.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Index Margin shall have the meaning assigned to it in Section 1.9(c).

Index Margin. From August 21, 2001 through and including May 18, 2002, 275. From and after May 19, 2002, as determined pursuant to the applicable section of the Margin Pricing Grid set forth in Section 2.11(a)(vi), for loans initiated on or after the date when so set, that is to say Index contracts in effect at the time of increases/decreases in margin will remain in effect at the margin originally utilized when the contract was opened. The margin in effect at a given time will apply to contracts opened at that time, and shall be based upon the Margin Pricing Grid.

Examples of Index Margin in a sentence

• Any other amounts payable hereunder (other than the Loans) or the other Loan Documents that are not paid when due shall bear interest, from the date when due until paid in full, at a rate per annum equal to the Index Rate plus the Applicable Term Loan Index Margin plus two percentage points (2%).

• If there is a change in the applicable Index Margin or Base Margin, the Administrative Agent and Borrower agree that all such changes shall be retroactive to the Margin Adjustment Date.

• Failure of the Administrative Agent to receive such Certificate within the time frame specified shall, in addition to any other remedy provided for in this Agreement, result in an increase in the Index Margin and the Base Margin to the highest level set forth in the foregoing grid, until next Margin Adjustment Date following receipt of such Certificate demonstrating that such an increase is not required.

• In addition, for ARM Loans, in no event shall the Index, Margin, Periodic Rate Cap, Adjustment Date, Lifetime Rate Cap or minimum rate be changed.

• All Overadvances shall constitute Index Rate Loans and at the written request of Agent or the Requisite Lenders shall bear interest at the Index Rate plus the Applicable Revolver Index Margin and shall bear interest at the Default Rate only if not repaid within three (3) Business Days.

More Definitions of Index Margin

Index Margin. As determined pursuant to the applicable section of the Margin Pricing Grid set forth in Section 2.11(a)(vi), for loans initiated on or after the date when so set, that is to say Index contracts in effect at the time of increases/decreases in margin will remain in effect at the margin originally utilized when the contract was opened. The margin in effect at a given time will apply to contracts opened at that time, and shall be based upon the Margin Pricing Grid.

Index Margin shall have the meaning ascribed thereto in SECTION 1.5.

Index Margin. From the Closing Date through and including the 270th day following the Closing Date, 275. From and after the 271st day following the Closing Date, as determined pursuant to the applicable section of the Margin Pricing Grid set forth in Section 2.11(a)(vi), for loans initiated on or after the date when so set, that is to say Index contracts in effect at the time of increases/decreases in margin will remain in effect at the margin originally utilized when the contract was opened. The margin in effect at a given time will apply to contracts opened at that time, and shall be based upon the Margin Pricing Grid.

Index Margin. L/C Margin", "LIBOR Margin" and "Margin" are deleted from Annex A of the Credit Agreement.

Index Margin. From and after the Closing Date until the first Adjustment Date, the percentage set forth in Level I of the pricing grid below; and

Index Margin means, (i) with respect to any Sold Account for which the related Customer is [*] or [*], 2.00%, or (ii) with respect to any other Sold Account, 1.00%.

Index Margin. As determined pursuant to the applicable section of the Margin Pricing Grid set forth in Section 2.11(f), for loans initiated on or after the date when so set, that is to say Index contracts in effect at the time of increases/decreases in margin will remain in effect at the margin originally utilized when the contract was opened. The margin in effect at a given time will apply to contracts opened at that time and shall be based upon the Margin Pricing Grid. Notwithstanding any of the foregoing to the contrary, for the period from the date hereof through the first Margin Adjustment Date, the Index Margin shall be the 150 basis point Tier I Index Margin.