LIBOR Margin. The LIBOR Rate shall be rounded to the next higher multiple of 1/16th of one percent if the rate is not such a multiple.
LIBOR Margin. 3 1.21 LOAN DOCUMENTS ..................................... 3 1.22 MARGIN ............................................. 3 1.23 NOTES .............................................. 3 1.24 OBLIGATIONS ........................................ 3 1.25 PERSON ............................................. 3 1.26 PLAN ............................................... 3 1.27 RTFC ............................................... 4 1.28 REVOLVING LOAN ADVANCES ............................ 4 1.29 REVOLVING LOAN CREDIT LIMIT ........................ 4 1.30 REVOLVING LOAN FEE MARGIN .......................... 4 1.31 SUBSIDIARY ......................................... 4
LIBOR Margin. LIBOR Margin has the meaning given such term in Section 2.01(d) hereof. LIBOR Market Index Rate. LIBOR Market Index Rate means for any day, the rate (rounded to the next higher 1/100 of 1%) for U.S. Dollar deposits for one month U.S. Dollar deposits as reported on Telerate Page 3750 as of 11:00 a.m. London time, for such day, provided, if such day is not a London Business Day, the immediately preceding London Business Day (or if not so reported, then as determined by Agent from another recognized source or interbank quotation). LIBOR Market Index Rate Option. LIBOR Market Index Rate Option has the meaning given such term in Section 2.01(c)(i) hereof.
LIBOR Margin. The definition of the term "LIBOR Margin" appearing in Section 1.55 of the Credit Agreement is amended in its entirety to read as follows:
LIBOR Margin. 1.60% on the Revolving Note and 2.25% on the Installment Note.
LIBOR Margin. For the purposes of this sub-paragraph (d) of Clause 4.3, a legal opinion from legal counsel confirming that, as at the date on which a transfer of legal title to the Portfolio (or any part thereof) in accordance with clause 6 of the Mortgage Sale Agreement is effected, the Security Trustee may rely on a legal opinion based on any opinion previously delivered by legal counsel to, inter alios, the Security Trustee confirming that the exercise of such right would not be, or would be unlikely to be viewed by a court as being, unfair for the purposes of the UTCCR or the CRA, shall satisfy the abovementioned proviso.
LIBOR Margin. < 75% 1.75% above Libor-Rate > 75% 2.00% above Libor-Rate -
LIBOR Margin. The “LIBOR Margin” in Section V of Schedule A to the Loan Agreement is hereby amended by replacing “1.85%” with “3.00%”.
LIBOR Margin. The LIBOR Margin shall be equal to three percent (3%), except that during such time as Borrower maintains certain financial ratios, the LIBOR Margin may be lower as follows: If Borrower's Tangible Net Worth is greater than $10,000,000 AND Borrower's ratio of Debt to Tangible Net Worth is less than or equal to 1 to 1, then the LIBOR Margin shall be 2%. If Borrower's Tangible Net Worth is greater than $9,500,000 AND Borrower's ratio of Debt to Tangible Net Worth is less than or equal to 1.25 to 1, then the LIBOR Margin shall be 2.25%. If Borrower's Tangible Net Worth is greater than $9,000,000 AND Borrower's ratio of Debt to Tangible Net Worth is less than or equal to 1.50 to 1, then the LIBOR Margin shall be 2.5%. If Borrower's Tangible Net Worth is greater than $9,000,000 AND Borrower's ratio of Debt to Tangible Net Worth is less than or equal to 1.75 to 1, then the LIBOR Margin shall be 2.75%. If any of the criteria set forth above are not met for a particular interest rate, then the LIBOR Margin shall be the next highest rate for which both criteria have been met by Borrower.
LIBOR Margin. All adjustments in the Applicable LIBOR Margins after the first adjustment following delivery of Borrower's 1997 audited Financial Statement will be implemented quarterly on a prospective basis, for each calendar month commencing at least five (5) days after the date of delivery to Lender of the quarterly unaudited or annual audited (as applicable) Financial Statements of Borrower evidencing the need for an adjustment. Concurrently with the delivery of those Financial Statements, Borrower shall deliver to Lender a certificate, signed by its chief financial officer, setting forth in reasonable detail the basis for the continuance of, or any change in, the Applicable LIBOR Margins. If a Default or Event of Default shall have occurred or be continuing at the time any reduction in the Applicable LIBOR Margins is to be implemented, that reduction shall be deferred until the first day of the first calendar month following the date on which such Default or Event of Default is waived or cured.
