LIBOR Spread Applicable Basis Points definition

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 175 basis points
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LIBOR Spread Applicable Basis Points is defined in Section 2.4(c).
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Related to LIBOR Spread Applicable Basis Points

  • 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.

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • Applicable LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.4(a).

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Applicable Eurodollar Rate Margin means, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: