Examples of Applicable Margins in a sentence
The Applicable Margins set forth above shall be increased as, and to the extent, required by Section 5.13.
Any such change in the Applicable Margins shall be effective as of the date the Lender so notifies the Borrower with respect to all Loans outstanding on such date, and such new Applicable Margins shall continue in effect until the effective date of the next quarterly redetermination in accordance with this Section.
From the Closing Date until the date the Applicable Margins are first adjusted as set forth above, the Applicable Margins shall be (x) 2.375% per annum with respect to each LIBO Rate Loan and 1.375% per annum with respect to each Prime Rate Loan.
Each determination of the Leverage Ratio and Applicable Margins by the Lender in accordance shall be conclusive and binding absent manifest error.
If such ratings fall within different Levels, then the Applicable Margin shall be selected by reference to the higher of the two Levels unless one of the two ratings is two or more Levels lower than the other, in which case, the Applicable Margin shall be the average of the Applicable Margins corresponding to such two Levels.