Term Loan Applicable Margin means the percentages set forth in the pricing grid below: Term Loan Applicable Margin for LIBO Rate Loans Term Loan Applicable Margin for Base Rate Loans
Term 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 Term Loan Applicable Margin Less than 0.5 to 1.0 2.25 % Equal to or greater than 0.5 to 1.0, but less than 1.0 to 1.0 2.5 % Equal to or greater than 1.0 to 1.0, but less than 1.5 to 1.0 2.75 % Equal to or greater than 1.5 to 1.0 3.0 %
Term Loan Applicable Margin means (a) on and after the Closing Date and at all times prior to the Sixth Amendment Effective Date, (i) in the case of all or any portion of the Term Loan comprising an ABR Borrowing, 1.75% per annum and (ii) in the case of all or any portion of the Term Loan comprising a Eurodollar Borrowing, 3.75% per annum; and (b) at all times on and after the Sixth Amendment Effective Date, (i) in the case of all or any portion of the Term Loan comprising an ABR Borrowing, 3.50% per annum and (ii) in the case of all or any portion of the Term Loan comprising a Eurodollar Borrowing, 4.50% per annum.
Examples of Term Loan Applicable Margin in a sentence
The Term Loan Applicable Margin shall not be adjusted based upon such ratio, if at all, until the first (1st) day of the first (1st) month following the delivery by Parent Company to the Agent of the Compliance Certificate after the end of a calendar quarter.
Each Initial Term Loan that is a Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Initial Term Loan Applicable Margin.
Such term shall have the meaning established within the definition of Revolving Credit Applicable Margin or Term Loan Applicable Margin, as applicable.
If such service or such other Person approved by Agent described above no longer reports such rate or Agent determines in good faith that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Loans shall accrue interest at the Base Rate plus the Revolving Credit Applicable Margin for Revolving Credit Loans or Base Rate plus the Term Loan Applicable Margin for Term Loans.
According for a lawyer representing the man’s surviving family, the man had, for example, worked 36 hours in a row immediately after changing to the discretionary system, and the LSO judged that overwork was the cause of his death.
More Definitions of Term Loan Applicable Margin
Term Loan Applicable Margin means, for any day (a) with respect to 2023 Incremental Term Loans which are ABR Loans hereunder, 3.00% and (b) with respect to 2023 Incremental Term Loans which are Term SOFR Loans hereunder, 4.00%.
Term Loan Applicable Margin and "Term Note" are added to Section 1 of the Credit Agreement to read as follows:
Term Loan Applicable Margin means, with respect to any Prime Rate Advance or Eurodollar Advance, as the case may be, under the Term Loan, 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: Ratio of Funded Debt to Consolidated EBITDA Term Loan ------------------------------------------- --------- Applicable Margin ----------------- Less than or equal to 3.50 to 1.00 but greater 2.00 % per annum than 3.00 to 1.00 Less than or equal to 3.00 to 1.00 but greater 1.875% per annum than 2.50 to 1.00 Less than or equal to 2.50 to 1.00 but greater 1.75% per annum than 2.00 to 1.00 Less than or equal to 2.00 to 1.00 1.625% per annum
Term 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 Term Loan Applicable Margin ------------------------------------------------------------------------------------------------------ Prime Rate Advance Eurodollar Advance ------------------------------------------------------------------------------------------------------ Less than or equal to 3.50 to 1.00 but greater than 0.00% 2.00% 3.00 to 1.00 ------------------------------------------------------------------------------------------------------ Less than or equal to 3.00 to 1.00 but greater than 0.00% 1.875% 2.50 to 1.00 ------------------------------------------------------------------------------------------------------ Less than or equal to 2.50 to 1.00 but greater than 0.00% 1.75% 2.00 to 1.00 ------------------------------------------------------------------------------------------------------ Less than or equal to 2.00 to 1.00 0.00% 1.625% ------------------------------------------------------------------------------------------------------ The Term 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 Term 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 Term 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 Term Loan Applicable Margin for Prime Rate Advances is 0.00% and for Eurodollar Advances is -------%. Capitalized terms used but not defined in this Note have the meanings ascribed to them in the Credit Agreement.
Term Loan Applicable Margin for each Type of Term Loan, the rate per annum set forth under the relevant column heading below:
Term Loan Applicable Margin three-quarters of one percent (.75%).”
Term Loan Applicable Margin means (a) during the continuance of a Sale-Leaseback Event, twelve percent (12.00%) and (b) at all other times, ten percent (10.00%).