CD Margin definition

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

CD Margin has the meaning set forth in Section 2.07(b).

CD Margin means 0.235% per annum.

Examples of CD Margin in a sentence

• LIBOR Margin and CD Margin determined by reference to attached Pricing Schedule.

• LIBOR Margin and CD Margin will increase if ratings downgraded and decrease if ratings upgraded.

• Any change in the LIBOR Margin or CD Margin shall become effective for LIBOR Loans or CD Loans, as applicable, the day on which a rating agency shall have announced a ratings change.

• The outstanding principal balance of each CD Loan shall bear interest at a fixed rate per annum determined by Bank to be equal to the aggregate of the CD Rate in effect on the first day of the applicable Fixed Rate Term plus the applicable CD Margin in effect on the first day of the applicable Fixed Rate Term.

• Any overdue principal of or interest on any CD Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the higher of (i) the Base Rate for such day and (ii) the sum of the CD Margin plus the Adjusted CD Rate applicable to such Loan on the day before such payment was due.

More Definitions of CD Margin

CD Margin means .290%.

CD Margin means (i) .4250%, if at the end of each of the two most recently completed fiscal quarters the Borrower's ratio of Total Borrowed Funds to Consolidated Net Worth was equal to or less than .40 to 1 and the Borrower's ratio to Cash Flow to Total Borrowed Funds was equal to or greater than .50 to 1; or

CD Margin means, on any date, (i) 1.375%, if on such date Level I Status exists, (ii) 1.625%, if on such date Level II Status exists and (iii) 1.875%, if on such date Level III Status exists.

CD Margin has the meaning set forth in the Pricing Schedule.

CD Margin and "FACILITY FEE RATE" for any day are the respective percentages set forth below in the applicable row under the column corresponding to the Status that exists on such day: STATUS LEVEL I LEVEL II LEVEL III LEVEL IV ------ ------- -------- --------- -------- Base Rate Margin Utilization < 33 % 0.0000% 0.0000% 0.1250% 1.0000% Utilization > 33 % 0.0000% 0.0000% 0.3750% 1.0000% - Euro-Dollar Margin Utilization < 33 % 0.4000% 0.6250% 0.9500% 1.8000% Utilization > 33 % 0.5250% 0.7500% 1.2000% 1.8000% - CD Margin Utilization < 33 % 0.5250% 0.7500% 1.0750% 1.9250% Utilization > 33 % 0.6500% 0.8750% 1.3250% 1.9250% - Facility Fee Rate 0.1000% 0.1250% 0.1750% 0.2000% --------------------------------------- -------------- ----------------------------- For purposes of this Schedule, the following terms have the following meanings:

CD Margin means, for any day, the rate set forth below in the row opposite such term and in the column corresponding to the Pricing Level that applied on such day: Pricing Level Level I Level II Level III Level IV ------------------------------------------------------------------------------------------ Facility Fee Rate .075% .10% .125% .175% ------------------------------------------------------------------------------------------ Euro-Dollar Margin .475% .50% .625% .925% ------------------------------------------------------------------------------------------ CD Margin .60% .625% .75% 1.05% ------------------------------------------------------------------------------------------ For purposes of this Schedule, the following terms have the following meanings:

CD Margin and "Facility Fee Rate" for any day are the respective percentages set forth below in the applicable row under the column corresponding to the Status that exists on such day: Level Level Level Status I II III Euro-Dollar 0.16 0.2% 0.225% Margin If Utiliza- tion is equal to or less than 50% If Utiliza- 0.16 0.325% 0.35% tion exceeds 50% CD Margin 0.285% 0.325% 0.35% If Utiliza- tion is equal to or less than 50% If Utiliza- 0.285 0.45% 0.475% tion exceeds 50% Facility Fee 0.09% 0.1% 0.125% Rate For purposes of this Schedule, the following terms have the following meanings: "Level I Status" exists at any date if, at such date, the Borrower has outstanding senior unsecured long-term debt and such debt, without third party enhancement, is rated (or, if on such date the Borrower has no outstanding senior unsecured long-term debt, evidence satisfactory to the Agent is provided to the effect that the rating of senior unsecured long-term debt of the Borrower, assuming that it had outstanding senior unsecured long-term debt, would be rated) at least AA- (or any equivalent rating which is used in lieu thereof) by S&P or Aa3 (or any equivalent rating which is used in lieu thereof) by Xxxxx'x.