Prime Rate Applicable Margin definition

Prime Rate Applicable Margin contained in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
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Prime Rate Applicable Margin shall be added to Section 1.1 of the Agreement and shall mean as of any Applicable Margin Adjustment Date (i) if the Leverage Percentage as of such Applicable Margin Adjustment Date is less than fifteen percent (15%), fifty (50) basis points, (ii) if the Leverage Percentage as of such Applicable Margin Adjustment Date is equal to or greater than fifteen percent (15%) but less than twenty-five percent (25%), one hundred (100) basis points, and (iii) if the Leverage Percentage as of such Applicable Margin Adjustment Date is equal to or greater than twenty-five percent (25%) and up to a maximum of thirty-eight percent (38%), one hundred fifty (150) basis points.
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Prime Rate Applicable Margin means: Cash in Zions Money Market Account Prime Rate Applicable Margin Equal to or less than $5,000,000 1.00% Greater than $5,000,000, but equal to or less than $10,000,000 0.25% Greater than $10,000,000, but equal to or less than $15,000,000 -0.50% Greater than $15,000,000 -1.00% Payment Terms Interest shall be payable as follows: Interest accrued based on the Prime Rate, the LIBOR Rate, or the LIBOR/Swap Rate is to be paid in arrears commencing August 1, 2007, and on the same day of each month thereafter. Principal shall be payable in thirty (30) installments of two hundred sixty six thousand six hundred sixty six dollars and sixty seven cents ($266,666.67) per month commencing January 1, 2008, and on the same day of each month thereafter through June 1, 2010. All remaining principal and unpaid interest shall be paid in full on June 1, 2010.
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Examples of Prime Rate Applicable Margin in a sentence

  • She has brought a wealth of leadership experience in organisational change and digital innovation and, with the Library team, has already developed a compelling new strategic vision for the next five years.

  • Interest based on the Prime Rate shall be at a variable rate computed on the basis of a three hundred sixty (360) day year as follows: The Prime Rate from time to time in effect, adjusted as of the date of any change in the Prime Rate, plus or minus the Prime Rate Applicable Margin.

  • The Prime Rate Applicable Margin shall be adjusted as of the first day of each calendar quarter based on the Cash in Zions Money Market Account for the preceding calendar quarter.

  • The Prime Rate Applicable Margin and the LIBOR Advance Rate Applicable Margin each shall be reduced by one-quarter of one percent (0.25%) effective on April 1, 2009 (the “Interest Rate Reduction Effective Date”).

  • No later than five (5) Business Days prior to an Applicable Margin Adjustment Date, Borrower shall furnish the Administrative Agent with calculations of the LIBOR Applicable Margin, Federal Funds Applicable Margin and Prime Rate Applicable Margin as of the Applicable Margin Adjustment Date, together with sufficient detail to allow the Administrative Agent to review the Borrower's calculations.

  • The LIBOR Applicable Margin, Federal Funds Applicable Margin and Prime Rate Applicable Margin shall be recalculated by the Administrative Agent (which calculation shall be binding on all parties, absent patent error), and the interest on each Advance shall be correspondingly increased or decreased, on and as of each Applicable Margin Adjustment Date.

  • The sale is captured when the opportunity is at Sales stage 6 – Complete, status is “closed” and Outcome is “won”.


More Definitions of Prime Rate Applicable Margin

Prime Rate Applicable Margin means zero percent (0.00%) until the rate changes pursuant to the terms of the Promissory Note, and thereafter:
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Prime Rate Applicable Margin means seventy-five hundredths percent (.75%) until July 31, 2004, and thereafter:
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Prime Rate Applicable Margin means one and one-half percent (1.50%) per annum, subject to the provisions of Section 1.5(a).
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Prime Rate Applicable Margin means two hundred (200) basis points.
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Prime Rate Applicable Margin means (i) 1.25% per annum from and including April 1, 1999 to but excluding July 1, 1999 (the "Initial Adjustment Date"), and (ii) commencing on the Initial Adjustment Date and on the first Business Day of each calendar quarter thereafter, provided that the Company shall have timely delivered to the Agent the financial statements required to be delivered pursuant to Section 5.01(a) for the second month of the preceding calendar quarter (each an "Adjustment Date"), the per annum interest rate margin shall be that set forth below opposite the Leverage Ratio determined from such financial statements: LEVERAGE RATIO APPLICABLE MARGIN > 3.50x 1.25% <= 3.50 but 1.00% >= 3.25x < 3.25x 0.75% Notwithstanding the foregoing, so long as a Default shall have occurred and be continuing, the Prime Rate Applicable Margin shall be the highest rate specified in the table above.
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Related to Prime Rate Applicable Margin

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Prime Rate Margin is set forth on Schedule I hereto.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Base Rate Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Applicable Base Rate Margin means, with respect to ABR Loans of any Series at any time, the percentage rate per annum specified as the “Applicable Base Rate Margin” for such Series at such time, as determined pursuant to the Pricing Schedule.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, 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: Applicable Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

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

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Prime Rate Spread means the difference (expressed as the number of basis points) between (a) LIBOR plus the Spread on the date LIBOR was last applicable to the Loan and (b) the Prime Rate on the date that LIBOR was last applicable to the Loan; provided, however, in no event shall such difference be a negative number.

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Eurodollar Margin means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Canadian Prime Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by the Canadian Reference Lender and in effect as its prime rate at its principal office in Toronto, Ontario on such day for determining interest rates on Canadian Dollar-denominated commercial loans in Canada, and (b) the annual rate of interest equal to the sum of the one-month CDOR in effect on such day plus 1.0% per annum.

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • Applicable Revolver 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 1.5(a).

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • Reference Rate means the rate specified as such hereon.

  • Applicable ABR Margin means, at any date:

  • U.S. Prime Rate means the per annum rate of interest announced by the Agent, at its main office from time to time as its "prime rate" (it being acknowledged that such announced rate may not necessarily be the lowest rate charged by the Agent to any of its customers), which U.S. Prime Rate shall change simultaneously with any change in such announced rate.

  • Eurodollar Rate Reserve Percentage for any Interest Period for all Eurodollar Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.