Revolving Loan Applicable Margin definition

Revolving Loan Applicable Margin means, for any day (a) with respect to Revolving Loans which are ABR Loans hereunder, the applicable rate per annum set forth under the heading “Applicable Margin for ABR Loans” on the Revolving Loan Pricing Grid which corresponds to the Total Leverage Ratio as of the relevant date of determination and (b) with respect to Revolving Loans which are Eurodollar Loans hereunder, the applicable rate per annum set forth under the heading “Applicable Margin for Eurodollar Loans” on the Revolving Loan Pricing Grid which corresponds to the Total Leverage Ratio as of the relevant date of determination. Each change in the Revolving Loan Applicable Margin resulting from a change in the Total Leverage Ratio shall be effective with respect to all Revolving Loans and Swing Line Loans outstanding on and after the date of delivery to the Administrative Agent of the financial statements and certificates required by clauses (i), (ii) and (iii) of Section 5.04(a), respectively, indicating such change until the date immediately preceding the next date of delivery of such financial statements and certificates indicating another such change. Notwithstanding the foregoing, until the Borrower shall have delivered the financial statements and certificates required by clauses (i), (ii) and (iii) of Section 5.04(a), respectively, for the period ended June 30, 2015, the Total Leverage Ratio shall be deemed to be in Category 2 for purposes of determining the Revolving Loan Applicable Margin. In addition, at any time during which the Borrower has failed to timely deliver the financial statements and certificates required by clauses (i), (ii) and (iii) of Section 5.04(a), respectively, the Total Leverage Ratio shall be deemed to be in Category 2 for purposes of determining the Revolving Loan Applicable Margin. Notwithstanding anything to the contrary contained above in this definition or elsewhere in this Agreement, if it is subsequently determined that the computation of the Total Leverage Ratio delivered to the Administrative Agent is inaccurate for any reason and the result thereof is that the Lenders received interest for any period based on a Revolving Loan Applicable Margin that is less than that which would have been applicable had the Total Leverage Ratio been accurately determined, then, for all purposes of this Agreement, the Revolving Loan Applicable Margin for any day occurring within the period covered by inaccurate computation shall retroactively be deemed to be the relevan...
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Revolving Loan Applicable Margin means initially 5.0%. The Revolving Loan Applicable Margin shall be adjusted based upon the Debt Service Coverage Ratio as of the last day of the fiscal quarter then most recently ended for which the quarterly financial statements have been delivered pursuant to Section 6.7, commencing with the audited financial statements of Borrowers for the fiscal year ending December 31, 2004: Debt Service Coverage Ratio Revolving Loan Applicable Margin Less than 1.50 to 1 5.00 % Equal to or greater than 1.5 to 1 but less than or equal to 2.0 to 1 4.75 % Greater than 2.0 to 1 4.50 % For purposes of the foregoing (i) the Debt Service Coverage Ratio shall be determined as of the end of each fiscal quarter of Borrowers based on Borrowers’ financial statements delivered pursuant to Section 6.7 and (ii) each change in the Revolving Loan Applicable Margin resulting from a change in the Debt Service Coverage Ratio shall be effective during the period commencing on and including the date of delivery to Lender of such financial statements indicating such change and ending on the day immediately preceding the effective date of the next such change; provided however that the Debt Service Coverage Ratio shall be deemed to be less than 1.50 to 1 if (A) Borrowers fail to deliver the financial statements required to be delivered by it pursuant to Section 6.7 during the period from the expiration of the time for delivery thereof until such financial statements are delivered or (B) an Event of Default (other than that caused by a failure to deliver financial statements as described in clause (A) above) or Unmatured Event of Default has occurred and is continuing, all subject to the terms of Section 2.3(b).
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Revolving Loan Applicable Margin below, (y) 2019 Incremental Term Loans, the percentage per annum determined by reference to the Leverage Ratio in effect from time to time as set forth under the heading “2019 Incremental Term Loan Applicable Margin” below and (z) any other Series of Incremental Term Loans, the applicable percentages per annum set forth in the relevant Incremental Amendment. Revolving Loan Applicable Margin Pricing Level Leverage Ratio Applicable Margin for Eurodollar Rate/CDOR Revolving Loans and Letter of Credit Fees Applicable Margin for Base Rate/Canadian Prime Rate Revolving Loans 1 < 3.50:1.00 1.625% 0.625% 2 ≥ 3.50:1.00 but < 4.50:1.00 1.75% 0.75% 3 ≥ 4.50:1.00 1.875% 0.875% 2019 Incremental Term Loan Applicable Margin CREDIT AGREEMENT (PATTERN REVOLVER) Pricing Level Leverage Ratio Applicable Margin for Eurodollar Rate 2019 Incremental Term Loans Applicable Margin for Base Rate 2019 Incremental Term Loans 1 < 3.50:1.00 1.175% 0.175% 2 ≥ 3.50:1.00 but < 4.50:1.00 1.300% 0.300% 3 ≥ 4.50:1.00 1.425% 0.425% Any increase or decrease in the Applicable Margin resulting from a change in the Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 5.1(c); provided, however, that (i) if a Compliance Certificate is not delivered when due in accordance with Section 5.1(c) or (ii) while any Event of Default exists, then in each case, upon the request of the Required Revolving Lenders or Required 2019 Incremental Term Loan Lenders, as applicable, with notice to the Borrowers from the Administrative Agent, Pricing Level 3 of the Applicable Margin for Revolving Loans shall apply in respect of clause (x), and Pricing Xxxxx 0 of the Applicable Margin for 2019 Incremental Term Loans shall apply in respect of clause (y), above (in the case of clause (i), as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered, and such Pricing Level shall remain in effect until the date on which such Compliance Certificate is delivered). For purposes of the foregoing, the Leverage Ratio shall be determined as of the end of each Fiscal Quarter based upon the Borrowers’ financial statements delivered pursuant to Section 5.1(a) or (b) (as applicable), or, until such financial statements have been delivered hereunder, based upon the Borrowers’ financial statements delivered pursuant to Section 5.1(a) or (b) (as applicable) of the Existing Credit Ag...
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Examples of Revolving Loan Applicable Margin in a sentence

  • Until the Quarter-End following the Closing, the Revolving Loan Applicable Margin and the Term Loan Applicable Margin shall be determined by reference to a Compliance Certificate delivered by Borrowers at Closing.1.11 Reference to Treasury Stock Loan Lenders.

  • The Qur’an is the important thing in the Muslims life and they cannot be separated from it.

  • Until the Quarter-End following the Closing, the Revolving Loan Applicable Margin and the Term Loan Applicable Margin shall be determined by reference to a Compliance Certificate delivered by Borrowers at Closing.

  • For purposes of computation of the Revolving Loan Applicable Margin, the Term Loan Applicable Margin, and the financial covenants set forth in this Agreement, such computation shall be (i) determined by Agent as of each Quarter-End, based on the Compliance Certificate most recently delivered by Borrowers in accordance with the terms of this Agreement, (ii) determined on a Consolidated Basis, and (iii) based on an Annualized Rolling Period, if applicable.


More Definitions of Revolving Loan Applicable Margin

Revolving Loan Applicable Margin for any day, with respect to any ABR Loan or Eurodollar Loan that is a Revolving Loan, or with respect to the facility fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption, “Applicable Margin for Eurodollar Loans”, “Applicable Margin for ABR Loans” or “Facility Fee Rate”, as the case may be, based upon the Consolidated Leverage Ratio as of the most recent determination thereof: Category Consolidated Leverage Ratio Applicable Margin for Eurodollar Loans Applicable Margin for ABR Loans Facility Fee Rate 1 ³ 2.25x 1.200% 0.200% 0.300% 2 ³ 1.50x but < 2.25x 1.125% 0.125% 0.250%
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Revolving Loan Applicable Margin means a percentage based upon the Borrowers’ cumulative EBITDA, as measured at each Quarter-End cumulative from September 30, 2006, which percentage shall be calculated in accordance with the following schedule: Quarterly EBITDA Revolving Loan Applicable Margin $1,500,000 or below 6.00 % $1,500,001 to $2,000,000 4.00 % $2,000,001 to $4,000,000 3.00 % $4,000,001 or above 1.50 %
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Revolving Loan Applicable Margin means a percentage based upon Borrowers’ ratio of Adjusted Funded Debt to EBITDA, as follows: Ratio of Adjusted Funded Debt to EBITDA Revolving Loan Applicable Margin Less than 0.5 to 1.0 2.0 % Equal to or greater than 0.5 to 1.0, but less than 1.0 to 1.0 2.25 % Equal to or greater than 1.0 to 1.0, but less than 1.5 to 1.0 2.5 % Equal to or greater than 1.5 to 1.0 2.75 %
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Related to Revolving Loan 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.

  • 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.

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

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

  • 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 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.

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

  • 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

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • 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 Margin is set forth on Schedule I hereto.

  • 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).

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

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

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

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

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • 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.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).