Variable Rate Margin definition

Variable Rate Margin means three percent (3%) per annum.

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Variable Rate Margin means the applicable margin based on the Applicable Debt Rating of Borrower as described in, and determined pursuant to, Schedule II.

Variable Rate Margin means three and three-quarters percent (3.75%) per annum, as the same may be increased as provided in Section 7.8 of the Loan ----------- Agreement.

Examples of Variable Rate Margin in a sentence

• In addition, the Adjusted LIBOR Rate and the Variable Rate shall fluctuate upward and downward as and in the amount by which the LIBOR Margin or the Variable Rate Margin fluctuates, subject always to limitations contained in this Agreement.

• In addition, the Adjusted LIBOR Rate and the Variable Rate with regard to Advances under the Credit Facility shall fluctuate upward and downward as and in the amount by which the LIBOR Margin or the Variable Rate Margin fluctuates, subject always to limitations contained in this Agreement, any such changes in the LIBOR Margin or the Variable Rate Margin, to occur as provided in Schedule II.

• In addition, the Adjusted LIBOR Rate and the Variable Rate with regard to Advances under the Credit Facility shall fluctuate upward and downward as and in the amount by which the LIBOR Margin or the Variable Rate Margin fluctuates, subject always to limitations contained in this Agreement, any such changes in the LIBOR Margin or the Variable Rate Margin, to occur as provided in SCHEDULE II.

More Definitions of Variable Rate Margin

Variable Rate Margin means (i) from the Economics Effective Date to the Fiscal Month first ending after the first anniversary thereof, [redacted] and (ii) for each Spread Calculation Period thereafter, a number of basis points (which may be positive or negative) determined by adding the [redacted] to [redacted]. [redacted] The Parties anticipate that [redacted] will be revised [redacted]. Subject to Macy’s final authority over Macy’s Matters pursuant to Section 3.2(f) of the Agreement, the Parties will work together to develop a plan (which plan shall be subject to approval of the Operating Committee pursuant to Section 3.2) for [redacted]. A [redacted] will be introduced to all Macy’s customers [redacted]. Points can be earned at Macy’s [redacted] and redeemed for [redacted]. Cardholders who choose to enroll [redacted] and pay for their purchases with a Macy’s-branded (as opposed to Bloomingdale’s-branded) Account will [redacted]. The chart below describes the value proposition for Macy’s-branded Cardholders: Card Level [redacted] Value Proposition (2) Star Rewards Value Proposition (3) Preferred [redacted] [redacted] [redacted] [redacted] [redacted] [redacted] Elite [redacted] [redacted] [redacted] [redacted] [redacted] [redacted] Premier Elite (1) [redacted] [redacted] [redacted] [redacted] [redacted] [redacted] Preferred [redacted] [redacted] [redacted] [redacted] [redacted] [redacted] Elite [redacted] [redacted] [redacted] [redacted] [redacted] [redacted] Premier Elite [redacted] [redacted] [redacted] [redacted] [redacted] [redacted] Third party/Cash [redacted] [redacted] [redacted] [redacted] [redacted] [redacted]

Variable Rate Margin means the applicable margin based on the Applicable Debt Rating described in, and determined pursuant to, Schedule II.

Variable Rate Margin has the definition set forth in the Variable Loan Note. The Margin shall include the Variable Loan Fee.

Variable Rate Margin means three and one-half percent (3.5%) per annum, provided that at any time that, and so long as, sixty-five percent (65%) or more of the aggregate Appraised Value of the Borrowing Base Projects is comprised of Borrowing Base Projects operated or to be operated as hotels, then the "Variable Rate Margin" means three and three-quarters percent (3.75%) per annum, in each case as the same may be increased as provided in SECTION 7.8 of the Loan Agreement. Any adjustment of the Variable Rate Margin as provided herein (excluding any increase provided in SECTION 7.8 of the Loan Agreement which shall be handled as provided therein) shall be effective, and the Variable Interest Rate shall be adjusted as of, the first day of the first month following the date on which sixty-five percent (65%) or more of the aggregate Appraised Value of the Borrowing Base Projects is comprised of Borrowing Base Projects operated or to be operated as hotels (or the first day of the first month following the date on which the same ceases to be true).

Variable Rate Margin means three and one-half percent (3.50%) per annum, as the same may be increased as provided in Section 7.8 of the Loan Agreement.