LIBOR Spread definition

LIBOR Spread means, at any date or any period of determination, the LIBOR Spread that would be in effect on such date or during such period pursuant to the chart set forth in Section 2.22 based on the rating of the Borrower's senior unsecured long-term debt.

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LIBOR Spread means, with respect to each Component of the Loan, as the same may be reallocated pursuant to Section 11.1(b) hereof:

LIBOR Spread means two and fifty hundredths percent (2.50%).

Examples of LIBOR Spread in a sentence

• The applicable margin for ABR Loans shall be the applicable LIBOR Spread minus 100 Basis Points (but not less than 0%).

• Any decrease in the Facility Fee or applicable LIBOR Spread shall be effective on the date of announcement or publication by either of such rating agencies of an increase in rating or in the absence of announcement or publication on the effective date of such increase in rating.

• In the event that the Borrower's senior unsecured long-term debt is not rated by either S&P or ▇▇▇▇▇'▇, then the Facility Fee and the applicable LIBOR Spread shall be deemed to be calculated as if the lowest rating category set forth above applied.

• The applicable margin for ABR Loans shall be 1% less than the applicable LIBOR Spread (but not less than 0%).

• Any decrease in the Facility Fee or applicable LIBOR Spread shall be effective on the date of announcement or publication by any of such rating agencies of an increase in rating or in the absence of announcement or publication on the effective date of such increase in rating.

More Definitions of LIBOR Spread

LIBOR Spread means 6.250000%, as such amount may be increased pursuant to Section 2.9(d) hereof. The LIBOR Spread shall be increased by one-quarter percent (0.25%) upon the commencement of the second Floating Rate Component Extension Period.

LIBOR Spread means (a) with respect to Tranche A Term Loans and Revolving Loans, 1.50% per annum, subject to adjustment pursuant to Section 2.06(c), and (b) with respect to Tranche B Term Loans, 2.00% per annum, subject to adjustment pursuant to Section 2.06(c).

LIBOR Spread means that term as defined in Section 2.3(a).

LIBOR Spread means with respect to any LIBO Rate Loan for any time prior to the Maturity Date, the percentage per annum set forth below under the caption "LIBOR Spread," determined by reference to the percentage of the Borrowing Base that the sum of all Loans outstanding plus all L/C Obligations represents at that time.

LIBOR Spread means, as of any date of determination:

LIBOR Spread is defined in Section 2.4(c).

LIBOR Spread shall be: (i) for the period commencing on the Closing Date and continuing through, but not including, December 31, 2013, one hundred fifty (150) basis points per annum; and (ii) for the period commencing on December 31, 2013, the LIBOR Spread Applicable Basis Points. For purposes of this Agreement, the “LIBOR Spread Applicable Basis Points” are determined based on Borrower’s financial performance under its Leverage Ratio as follows: Less than 1x 100 basis points Equal to or greater than 1x but less than 1.5x 125 basis points Equal to or greater than 1.5x but less than 2x 150 basis points Equal to or greater than 2x but less than 2.5x 175 basis points Equal to or greater than 2.5x but less than 3x 225 basis points Equal to or greater than 3x 300 basis points