Prime Margin definition

Prime Margin means the number of basis points determined in accordance with Schedule II.

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Prime Margin means one of the following percentages, depending on the Leverage Ratio, as determined by Agent as of the Computation Date for the immediately preceding fiscal quarter:

Prime Margin means one percent (1%).

Examples of Prime Margin in a sentence

• The Adjusted Prime Rate shall be adjusted automatically on and as of the effective date of any change in the Prime Rate and/or the Applicable Prime Margin.

• Adjusted Prime Rate shall mean the Prime Rate plus the Applicable Prime Margin.

• Any amount which is added to the principal balance of the Loan Account as provided in this Section 2.8(e) shall bear interest at the interest rate then and thereafter applicable to Prime Margin Loans.

• Prime Margin Loans requested by the Borrower, other than those resulting from the conversion of a Libor Loan, shall not be less than $10,000.00.

• The Borrower shall pay interest in Cdn Dollars on its Prime Loans outstanding from time to time at a rate per annum equal to the aggregate of the Prime Rate and the Applicable Pricing Margin for the Prime Margin in effect from time to time.

More Definitions of Prime Margin

Prime Margin means the applicable interest rate increment shown on the Pricing Grid Rider to be added for purposes of calculating the Alternate Base Rate.

Prime Margin is currently negative fifty (-50) basis points and shall be subject to adjustment on each March 1 for application to the period commencing on such date in accordance with the Borrower’s ratio of Senior Bank Debt to EBITDA for the period commencing on the first day of the Borrower’s then-current fiscal year and ending on the last day of the second quarter of such fiscal year and on each September 1 for application to the period commencing on such date in accordance with the Borrower’s ratio of Senior Bank Debt to EBITDA for the period commencing on the first day of the Borrower’s immediately preceding fiscal year and ending on the last day of such fiscal year, as follows: if the Borrower’s ratio of Senior Bank Debt to EBITDA is 1.50 to 1.0 or greater, the Prime Margin shall be negative fifty (-50) basis points; if the Borrower’s ratio of Senior Bank Debt to EBITDA is less than 1.50 to 1.0 but equal to or greater than 1.00 to 1.0, the Prime Margin shall be negative seventy-five (-75) basis points; and if the Borrower’s ratio of Senior Bank Debt to EBITDA is less than 1.00 to 1.0, the Prime Margin shall be negative one hundred (-100) basis points. Such adjustments shall be based upon the Borrower’s ratio of Senior Bank Debt to EBITDA as determined from the financial statements delivered to the Bank pursuant to Section 2(b)(i) or (ii) hereof, as applicable. The foregoing provisions are not intended to, and shall not be construed to, authorize any violation by the Borrower of any Financial Covenant or constitute a waiver thereof or any commitment by the Bank to waive any violation by the Borrower of any Financial Covenant.

Prime Margin as used herein shall mean (i) zero, in respect of the Revolving Loan, and (ii) 25 basis points, in respect of the Term Loan.

Prime Margin set forth in Section 2.1, "PAYMENT OF INTEREST PRIME COMMERCIAL RATE," of the 2000 Loan Agreement are hereby amended to recite as follows:

Prime Margin means one and one quarter percent (1 1/4%) with respect to Advances under the Revolving Credit Note and shall mean one percent (1%) with respect to Term Note-B and Term Note-C."

Prime Margin has the meaning specified in Section 6.2.

Prime Margin means, (a) as of any date of determination on or prior to January 31, 2011, zero percent (0.00%) and (b) on any date of determination on or after February 1, 2011, the “Prime Margin” applicable for such date as shown in the Pricing Matrix.