Revolving Credit Loan Applicable Margin definition

Revolving Credit Loan Applicable Margin means, with respect to any Prime Rate Advance or Eurodollar Advance, as the case may be, under the Revolving Credit Loan, two percent (2%) per annum, but if Company is in compliance with Section 5.2(k) captioned "Debt Service Coverage", then while Company is so in compliance, shall mean the following amounts based on the ratio of consolidated Funded Debt to consolidated EBITDA of the Company and its Subsidiaries as of the end of the most recent fiscal quarter of the Company for which financial statements of the Company have been delivered pursuant to Section 5.1(d)(ii) of the Credit Agreement:
Revolving Credit Loan Applicable Margin means with respect to any Prime Rate Advance or Eurodollar Advance, as the case may be, the rate per annum set forth below opposite the applicable Funded Debt to EBITDA Ratio. Funded Debt to EBITDA Ratio is defined in the Credit Agreement. ------------------------------------------------------------------------------------------------------ Funded Debt to EBITDA Ratio Revolving Credit Loan Applicable Margin ------------------------------------------------------------------------------------------------------ Prime Rate Advance Eurodollar Advance ------------------------------------------------------------------------------------------------------ Less than or equal to 3.50 to 1.00 but greater than 0.00% 1.75% 3.00 to 1.00 ------------------------------------------------------------------------------------------------------ Less than or equal to 3.00 to 1.00 but greater than 0.00% 1.625% 2.50 to 1.00 ------------------------------------------------------------------------------------------------------ Less than or equal to 2.50 to 1.00 but greater than 0.00% 1.50% 2.00 to 1.00 ------------------------------------------------------------------------------------------------------ Less than or equal to 2.00 to 1.00 0.00% 1.375% ------------------------------------------------------------------------------------------------------ The Revolving Credit Loan Applicable Margin shall, in each case, be determined and adjusted quarterly on the first day of the month after the date of delivery of the quarterly and annual financial statements required by the Credit Agreement, provided, however, that if such financial statements are not delivered within two Business Days after the required date (each, an "Interest Determination Date"), the Revolving Credit Loan Applicable Margin shall increase to the maximum percentage amount set forth in the table above from the date such financial statements were required to be delivered to the Bank until received by the Bank. The Revolving Credit Loan Applicable Margin shall be effective from an Interest Determination Date until the next Interest Determination Date. Such determinations by the Bank shall be conclusive absent manifest error. The initial Revolving Credit Loan Applicable Margin for Prime Rate Advances is 0.00% and for Eurodollar Advances is ______%.
Revolving Credit Loan Applicable Margin means, as of any date of determination, a percentage per annum determined by reference to the Credit Rating Level as set forth below: Credit Rating Level Applicable Margin for Base Rate Advances Applicable Margin for Eurodollar Rate Advances Credit Rating Xxxxx 0 0.00 % 1.00 % Credit Rating Xxxxx 0 0.05 % 1.05 % Credit Rating Xxxxx 0 0.25 % 1.25 % Credit Rating Xxxxx 0 0.45 % 1.45 % Credit Rating Xxxxx 0 0.85 % 1.85 % The Revolving Credit Applicable Margin for each Base Rate Advance that is a Revolving Credit Advance, Swing Line Advance or Letter of Credit Advance shall be determined by reference to the Credit Rating Level in effect from time to time, and the Revolving Credit Applicable Margin for any Interest Period for all Eurodollar Rate Advances that are a Revolving Credit Advance, Swing Line Advance or Letter of Credit Advance comprising part of the same Borrowing shall be determined by reference to the Credit Rating Level in effect on the first day of such Interest Period; provided, however that no change in the Revolving Credit Applicable Margin resulting from the application of the Credit Rating Levels or a change in the Credit Rating Level shall be effective until three Business Days after the date on which the Administrative Agent receives written notice of the application of the Credit Rating Levels or a change in such Credit Rating Level.”

More Definitions of Revolving Credit Loan Applicable Margin

Revolving Credit Loan Applicable Margin means with respect to any Prime Rate Advance or Eurodollar Advance, as the case may be, the rate per annum set forth below opposite the applicable Funded Debt to EBITDA Ratio. Funded Debt to EBITDA Ratio is defined in the Credit Agreement.
Revolving Credit Loan Applicable Margin means, as of any date of determination, a percentage per annum determined by reference to the Credit Rating Level as set forth below: Credit Rating Level Applicable Margin for Base Rate Advances Applicable Margin for Eurodollar Rate Advances Credit Rating Xxxxx 0 0.00% 0.95% Credit Rating Xxxxx 0 0.00% 1.00% Credit Rating Xxxxx 0 0.10% 1.10% Credit Rating Xxxxx 0 0.30% 1.30% Credit Rating Xxxxx 0 0.70% 1.70% The Revolving Credit Loan Applicable Margin for each Base Rate Advance that is a Revolving Credit Advance, Swing Line Advance or Letter of Credit Advance shall be determined by reference to the Credit Rating Level in effect from time to time, and the Revolving Credit Loan Applicable Margin for any Interest Period for all Eurodollar Rate Advances that are a Revolving Credit Advance, Swing Line Advance or Letter of Credit Advance comprising part of the same Borrowing shall be determined by reference to the Credit Rating Level in effect on the first day of such Interest Period; provided, however that no change in the Revolving Credit Loan Applicable Margin resulting from the application of the Credit Rating Levels or a change in the Credit Rating Level shall be effective until three Business Days after the date on which the Administrative Agent receives written notice of the application of the Credit Rating Levels or a change in such Credit Rating Level.

Related to Revolving Credit Loan Applicable Margin

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Credit Period means the period from and including the Effective Date to but excluding the Termination Date.

  • Revolving Credit Limit has the meaning set forth in the Schedule.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Other Revolving Credit Loans means one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.

  • Revolving Credit means the credit facility for making Revolving Loans and Swing Loans and issuing Letters of Credit described in Sections 1.2, 1.3 and 1.7 hereof.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Revolving Credit Percentage as to any Revolving Credit Lender at any time, the percentage which such Lender's Revolving Credit Commitment then constitutes of the Total Revolving Credit Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender's Revolving Credit Loans then outstanding constitutes of the aggregate principal amount of the Revolving Credit Loans then outstanding).

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Refinancing Revolving Credit Commitments shall have the meaning provided in Section 2.14(h).