US Base Rate Margin definition
US Base Rate Margin means, for any period, the applicable percentage rate per annum applicable to that period as indicated below the reference to “US Base Rate Advance” in the definition of “Applicable Margin”, as adjusted pursuant to the definition of “Applicable Margin”.
US Base Rate Margin means, in respect of an U.S. Base Rate Loan, or portion thereof outstanding on or after the Effective Date, the U.S. Base Rate Margin described in the definition of Applicable Margin.
US Base Rate Margin means, in respect of a U.S. Base Rate Loan, or portion thereof outstanding on or after the Effective Date, the
Examples of US Base Rate Margin in a sentence
The applicable Borrower shall pay to the Agent for the account of the Revolver/Swing Line Lenders in accordance with their Proportionate Share interest on each US Base Rate Advance during each Interest Period applicable thereto in United States Dollars at a rate per annum equal to the sum of (i) the US Base Rate, in effect from time to time during such Interest Period plus (ii) the US Base Rate Margin.
Each determination by the Agent or a Swing Line Lender (under the US Swing Line Facility or Canadian Swing Line Facility, as applicable) of the US Base Rate and the US Base Rate Margin applicable from time to time during an Interest Period shall, in the absence of manifest error, be binding upon the Borrowers.
More Definitions of US Base Rate Margin
US Base Rate Margin means the percent per annum set forth on the Pricing Grid as the "US Base Rate Margin" based on the Applicable Leverage Level in effect on such date. Changes in the applicable US Base Rate Margin will occur automatically without prior notice as changes in the Applicable Leverage Level occur. Administrative Agent will give notice promptly to US Borrower and US Lenders of changes in the US Base Rate Margin.
US Base Rate Margin means the margin determined in the definition of Applicable Pricing Margin in respect of U.S. Base Rate Loans based upon the relevant Consolidated Debt to EBITDA Ratio.
US Base Rate Margin has the meaning specified therefor in the definition of Applicable Margin.
US Base Rate Margin means the margin determined in the definition of Applicable Pricing Margin in respect of U.S. Base Rate Loans based upon the relevant Consolidated Debt to Cash Flow Ratio. "U.S. Dollars" or "U.S. $" each means such currency of the United States of America which, as at the time of payment or determination, is legal tender therein for the payment of public or private debts.