Term Margin definition

Term Margin means one percent per annum;
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Term Margin is 1.0% when the Liquidity Ratio is greater than or equal to 3.0 and trailing 6 month EBITDA is greater than or equal to $1.00, 2.0% when the Liquidity Ratio is greater than or equal to 3.0 and trailing 6 month EBITDA is less than $1.00, but greater than or equal to negative $500,000, 3.5% when the Liquidity Ratio is greater than or equal to 3.0 and trailing 6 month EBITDA is less than negative $500,000 but greater than or equal to negative $850,000; 1.75% when the Liquidity Ratio is greater than or equal to 2.5 but less than 3.0 and trailing 6 month EBITDA is greater than or equal to $1.00, 2.75% when the Liquidity Ratio is greater than or equal to 2.5 but less than 3.0 and trailing 6 month EBITDA is less than $1.00 but greater than or equal to negative $500,000, 4.0% when the Liquidity Ratio is greater than or equal to 2.5 but less than 3.0 and trailing 6 month EBITDA is less than negative $500,000 but greater than or equal to negative $850,000; and 2.25% when the Liquidity Ratio is less than 2.5 and trailing 6 month EBITDA is greater than or equal to $1.00, 3.25% when the Liquidity Ratio is less than 2.5 and trailing 6 month EBITDA is less than $1.00 but greater than or equal to negative $500,000, 4.50% when the Liquidity Ratio is less than 2.5 and trailing 6 month EBITDA is less than negative $500,000 but greater than or equal to negative $850,000.
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Term Margin is 1.0% when the Liquidity Ratio is greater than or equal to 3.0 and trailing 6 month EBITDA is greater than or equal to $1.00, 1.5% when the Liquidity Ratio is greater than or equal to 3.0 and trailing 6 month EBITDA is less than $1.00, but greater than or equal to negative $250,000, 2.0% when the Liquidity Ratio is greater than or equal to 3.0 and trailing 6 month EBITDA is less than negative $250,000 but greater than or equal to negative $500,000; 2.5% when the Liquidity Ratio is greater than or equal to 3.0 and trailing 6 month EBITDA is less than negative $500,000 but greater than or equal to negative $1,000,000, and 3.0% when the Liquidity Ratio is greater than or equal to 3.0 and trailing 6 month EBITDA is less than negative $1,000,000; 1.75% when the Liquidity Ratio is greater than or equal to 2.5 but less than 3.0 and trailing 6 month EBITDA is greater than or equal to $1.00, 2.25% when the Liquidity Ratio is greater than or equal to 2.5 but less than 3.0 and trailing 6 month EBITDA is less than $1.00 but greater than or equal to negative $250,000, 2.75% when the Liquidity Ratio is greater than or equal to 2.5 but less than 3.0 and trailing 6 month EBITDA is less than negative $250,000 but greater than or equal to negative $500,000, 3.25% when the Liquidity Ratio is greater than or equal to 2.5 but less than 3.0 and trailing 6 month EBITDA is less than negative $500,000 but greater than negative $1,000,000, and 3.75% when the Liquidity Ratio is greater than or equal to 2.5 but less than 3.0 and trailing 6 month EBITDA is less than negative $1,000,000; and 2.25% when the Liquidity Ratio is less than 2.5 and trailing 6 month EBITDA is greater than or equal to $1.00, 2.75% when the Liquidity Ratio is less than 2.5 and trailing 6 month EBITDA is less than $1.00 but greater than or equal to negative $250,000, 3.25% when the Liquidity Ratio is less than 2.5 and trailing 6 month EBITDA is less than negative $250,000 but greater than or equal to negative $500,000, 3.75% when the Liquidity Ratio is less than 2.5 and trailing 6 month EBITDA is less than negative $500,000 but greater than or equal to negative $1,000,000, and 4.25% when the Liquidity Ratio is less than 2.5 and trailing 6 month EBITDA is less than negative $1,000,000.
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Examples of Term Margin in a sentence

  • Except as provided in Section 2.6(c), all Loans and other Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the Base Rate plus the Applicable Term Margin (the sum of which is referred to herein as the “Applicable Interest Rate”) provided that in no event shall the Applicable Interest Rate be less than 10% per annum or more than 12% per annum.

  • The Adjusted Base Rate for any Base Rate Loan which is a Revolving Loan or a Swingline Loan shall be the Base Rate plus the applicable Base Rate Revolving Margin determined from the table in Section 4.6, and the Adjusted Base Rate for any Base Rate Loan which is a Term Loan shall be the Base Rate plus the applicable Base Rate Term Margin determined from the table in Section 4.6.

  • Interest under this Option shall accrue for any Euro-Rate Interest Period selected at a rate per annum equal to the sum of the Euro-Rate plus the Applicable Short Term Margin, and shall be adjusted as of the date of any change of Ratings, if necessary.

  • The Parties acknowledge that the Term Margin is fixed for a period of twelve months ending on the anniversary of the date of this Agreement and may be amended pursuant to Clause 7 (Term Facility) after the expiry of each twelve month period in respect of utilisations of the Term Facility made after (but not before) such amendment.

  • The particular Applicable Margin or Applicable Term Margin, as applicable, set forth opposite the specified pricing tier in the tables set forth inss.2.4(b) orss.2.6(e)(B), as applicable." "QUARTER END DATE.

  • Such amendment shall not amend the Term Margin applicable to Term Loans utilised before such date nor shall it invalidate or waive any obligations of the Borrowers, unless otherwise expressly agreed and stated in the relevant amendment.

  • Interest under this Option shall accrue for any Euro-Rate Interest Period selected at a rate per annum equal to the sum of the Euro-Rate plus the Applicable Long Term Margin, and shall be adjusted as of the date of any change of Ratings, if necessary.

  • Upon satisfaction of the criteria for Level II Status and five (5) days prior written notice from Borrower to Agent thereof, the Prime Rate Revolving Margin, the Prime Rate Term Margin, the LIBOR Rate Revolving Margin and the LIBOR Rate Term Margin will be determined in accordance with the applicable margin set forth in the following table for Level II Status.

  • If an Unmatured Event of Default or Event of Default shall have occurred and be continuing at the time any reduction in the Prime Rate Revolving Margin, the Prime Rate Term Margin, the LIBOR Rate Revolving Margin or the LIBOR Rate Term Margin is to be implemented, such reduction shall be deferred until the first day of the first calendar month following the date on which no Unmatured Event of Default or Event of Default shall exist.

  • Subject to Section 2.3(b), the principal amount outstanding on the Term Loan shall accrue interest at a floating per annum rate equal to the Prime Rate plus the Term Margin.


More Definitions of Term Margin

Term Margin means 3.5 per cent. per annum.
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