Applicable Margin for Eurodollar Rate Loans definition

Applicable Margin for Eurodollar Rate Loans set forth in Section 1.2 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
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Applicable Margin for Eurodollar Rate Loans means 3.0%."
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Applicable Margin for Eurodollar Rate Loans set forth in this Waiver shall cease to be effective and the terms of such definition as in effect immediately prior to the effectiveness of this Waiver shall automatically be restored without any further action by the parties hereto if Borrower's operations for its fiscal year 2005 are profitable ad no Event of Default exists under the Credit Agreement.
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Examples of Applicable Margin for Eurodollar Rate Loans in a sentence

  • The Borrower shall pay to the Agent, for the pro rata benefit of the Lenders based on their Applicable Commitment Percentages, a fee on the aggregate amount available to be drawn on each outstanding Letter of Credit at a rate equal to the Applicable Margin for Eurodollar Rate Loans.

  • The Company shall pay to the Agent, for the account of the Banks ratably in accordance with their respective Pro Rata Shares, a letter of credit fee (the “LC Fee”) at a per annum rate equal to the Applicable Margin for Eurodollar Rate Loans in effect from time to time on the daily undrawn stated amount of each Facility LC, such fee to be payable in arrears on each Payment Date and the Termination Date (and, if applicable, thereafter on demand).

  • For purposes of this Agreement, the “Banks’ L/C Fee Rate” shall mean, at any time, a rate per annum equal to the Applicable Margin for Eurodollar Rate Loans less 0.125% per annum.

  • If there is any change in the Applicable Margin for Eurodollar Rate Loans during any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied by the Applicable Margin for Eurodollar Rate Loans separately for each period during such quarter that such Applicable Margin was in effect.

  • For purposes of this Agreement, the "Banks' L/C Fee Rate" shall mean, at any time, a rate per annum equal to the Applicable Margin for Eurodollar Rate Loans less 0.125% per annum.

  • Each Swingline Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Swingline Loan is made until the date it is repaid, at a rate per annum equal to the Daily LIBOR Rate plus the Applicable Margin for Eurodollar Rate Loans for such day.

  • Borrower shall pay to Agent for the account of each Lender in accordance with its Applicable Percentage an L/C fee (the “L/C Fee”) at a rate per annum equal to the Applicable Margin for Eurodollar Rate Loans times the daily amount available to be drawn under such Letter of Credit.

  • If there is any change in the Applicable Margin for Eurodollar Rate Loans that are Revolving Loans during any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied by the Applicable Margin for Eurodollar Rate Loans that are Revolving Loans separately for each period during such quarter that such Applicable Margin was in effect.

  • For purposes of this Agreement, the "BANKS' L/C FEE RATE" shall mean, at any time, a rate per annum equal to the Applicable Margin for Eurodollar Rate Loans then in effect.

  • Net sales increased by 8.3 percent when adjusted for the change in the USD and EUR exchange rates.GROSS PROFITGross profit during the period amounted to SEK 106.1 million (99.1) and the gross margin was 44.5 percent (47.8).


More Definitions of Applicable Margin for Eurodollar Rate Loans

Applicable Margin for Eurodollar Rate Loans means, for any given ---------------------------------------------- month, if the Borrower's Leverage Ratio as at the last day of Borrower's immediately preceding fiscal quarter (as determined from the Borrower's financial statements most recently delivered in accordance with Section 9.8 hereof), is (a) greater than 4.5:1, then the Applicable Margin for Eurodollar Rate Loans for such month shall be 1.75%; (b) greater than 4.0:1 but less than or equal to 4.5:1, then the Applicable Margin for Eurodollar Rate Loans for such month shall be 1.50%; (c) greater than 3.0:1 but less than or equal to 4.0:1, then the Applicable Margin for Eurodollar Rate Loans for such month shall be 1.25%; and (d) equal to or less than 3.0:1, then the Applicable Margin for Eurodollar Rate Loans for such month shall be 1.0%.
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Applicable Margin for Eurodollar Rate Loans means five percent (5.00%)."
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Applicable Margin for Eurodollar Rate Loans means 1.75%."
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Applicable Margin for Eurodollar Rate Loans means, for any given month, (a) for the period commencing on the Closing Date and ending on the last day of the sixth consecutive month following the Closing Date, the Applicable Margin for Eurodollar Rate Loans shall be 2.5%; and (b) for the period commencing on the first day of the seventh consecutive month following the Closing Date and at all times thereafter for the balance of the Term, if the Borrower's Leverage Ratio as at the last day of Borrower's immediately preceding fiscal quarter (as determined from the Borrower's financial statements most recently delivered in accordance with Section 9.8 hereof), is (i) greater than or equal to 6.0:1, then the Applicable Margin for Eurodollar Rate Loans for such month shall be 3.50%; (ii) greater than or equal to 5.5:1 but less than 6.0:1, then the Applicable Margin for Eurodollar Rate Loans for such month shall be 3.00%; (iii) greater than or equal to 5.0:1 but less than 5.5:1, then the Applicable Margin for Eurodollar Rate Loans for such month shall be 2.50%; (iv) greater than or equal to 4.5:1 but less than 5.0:1, then the Applicable Margin for Eurodollar Rate Loans for such month shall be 2.25%; (v) greater than or equal to 3.5:1 but less than 4.5:1, then the Applicable Margin for Eurodollar Rate Loans for such month shall be 2.0%; and (vi) less than 3.5:1, then the Applicable Margin for Eurodollar rate Loans for such month shall be 1.75%.
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Applicable Margin for Eurodollar Rate Loans means four percent (4%)."
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Related to Applicable Margin for Eurodollar Rate Loans

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 125.0 III 175.0 IV 250.0

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”

  • Eurodollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Eurodollar Rate Loans means Loans bearing interest at rates determined by reference to the Adjusted Eurodollar Rate as provided in subsection 2.2A.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Adjusted Eurodollar Rate means for any Interest Period with respect to any Eurodollar Loan, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to (a) the Eurodollar Rate for such Interest Period multiplied by (b) the Statutory Reserves.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Eurodollar Period means, as to each Eurodollar Rate Advance comprising part of the same Borrowing, the period commencing on the date specified by Borrower pursuant to Section 2.1(b) and ending 1, 2, 3 or 6 months (or, if available to all Lenders, 9 or 12 months) thereafter, as specified by Borrower in the applicable Request for Borrowing or Request for Continuation/Conversion provided that:

  • Eurodollar Rate Reserve Percentage for any Interest Period for all Eurodollar Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.