Interest Rate Margin definition

Interest Rate Margin means (a) with respect to each Adjusted Libor Loan, the percentage set forth below under the heading "LIBOR Margin" opposite the applicable ratio and (b) with respect to each Base Rate Loan, the percentage set forth below under the heading "Base Rate Margin" opposite the applicable ratio. Consolidated Total Funded Debt LIBOR Margin Base Rate Margin to Consolidated EBITDA (360 Day Basis) (360 Day Basis) ----------------------------------- --------------- ---------------- Greater than or equal to 2.50:1.00 1.875% .875% Greater than or equal to 2.00:1.00 and less than 2.50:1.00 1.625% .625% Greater than or equal to 1.50:1.00 and less than 2.00:1.00 1.375% .375% Greater than or equal to 1.00:1.00 and less than 1.50:1.00 1.125% .125% Less than 1.00:1.00 1.00% -0-% If the Aggregate Outstandings hereunder exceed thirty-three percent (33%) of the Total Commitments hereunder at any time, then for so long as the Aggregate Outstandings exceed such amount the Interest Rate Margins set forth above shall be increased by 12.5 basis points. Notwithstanding the foregoing, during the period commencing on the Closing Date and ending on the tenth Business Day following the date of delivery of the financial statements to the Administrative Agent for the fiscal quarter ended March 31, 2001 (a) the Interest Rate Margin with respect to each Adjusted Libor Loan shall be 1.00% per annum, and (b) the Interest Rate Margin with respect to each Base Rate Loan shall be 0.00% per annum. The Interest Rate Margin will be set or reset quarterly with respect to each Loan on the date which is ten Business Days following the date of receipt by the Administrative Agent of the financial statements referred to in Section 6.03(a) or Section 6.03(b) hereof, as applicable, together with a certificate of the Chief Financial Officer of the Company certifying the ratio of Consolidated Total Funded Debt to Consolidated EBITDA and setting forth the calculation thereof in detail; provided, however, if any such financial statement and certificate are not received by the Administrative Agent within the time period required pursuant to Section 6.03(a) or Section 6.03(b) hereof, as the case may be, the Interest Rate Margin will be set or reset, unless the rate of interest specified in Section 3.01(c) hereof is in effect solely due to the failure of the Company to comply with Section 6.03(a) or 6.03(b) hereof, to a rate determined based on a ratio of Consolidated Total Funded Debt to Consolidated EBITDA of gre...

Interest Rate Margin means (at the relevant time) the margin applicable to the determination of your annual percentage rate, as set out in your Letter of Offer (but subject to change as described in the Letter of Offer and these Finance Conditions of Use).

Interest Rate Margin means (a) with respect to each Adjusted Libor Loan, the percentage set forth below under the heading "LIBOR Margin" opposite the applicable ratio and (b) with respect to each Base Rate Loan, the percentage set forth below under the heading "Base Rate Margin" opposite the applicable ratio.

Examples of Interest Rate Margin in a sentence

• The Note Interest Rate Margin for each Class of Sterling Notes that would have applied on any Interest Rate Setting Date following the Effective Date will be adjusted as follows: A.

• In such circumstances, the Calculation Agent will determine an illustrative Interest Rate, Margin, Minimum Interest Rate (if applicable), Maximum Interest Rate (if applicable) and/or Leverage Factor based on the market conditions and other factors as described above as at the first date of the Offering Period specified in the relevant Final Terms.

• By influencing the level of the interest rates and the shape of the interest rate curve, the ECB impacts in an important way the Net Interest Rate Margin (“NIM”) of commercial banks, like Belfius Bank.

• Adjustment to the Note Interest Rate Margin applicable after the Effective Date The rate of interest payable on each Class of Sterling Notes following the Effective Date will be equal to Compounded Daily SONIA plus the Note Interest Rate Margin applicable on any Interest Rate Setting Date following the Effective Date as adjusted as set out below (the Adjusted Note Interest Rate Margin).

• Due to the differences in the nature of Sterling LIBOR and SONIA, the replacement of Sterling LIBOR as the reference rate for the Sterling Notes requires a corresponding credit adjustment spread to the existing Notes Interest Rate Margin payable in respect of the Sterling Notes.

More Definitions of Interest Rate Margin

Interest Rate Margin shall have the meaning specified in Section 2.3(c).

Interest Rate Margin means, at any time, (a) with respect to the calculation of interest on any LIBOR-Based Note, the greater of (i) 1.50% per annum, and (ii) the initial per annum interest rate spread over the “Libor Rate” (or such equivalent term, as applicable, as defined in the 2014 Credit Agreement) applicable to the term loan under the 2014 Credit Agreement as of its first effective date and (b) with respect to the calculation of interest on any Prime Rate Note, the greater of (i) 0.50% per annum, and (ii) the initial per annum interest rate spread over the “Prime Rate” (or such equivalent term, as applicable, as defined in the 2014 Credit Agreement) applicable to the term loan under the 2014 Credit Agreement as of its first effective date.

Interest Rate Margin means 3.25%.

Interest Rate Margin means, at any time, (a) with respect to the calculation of interest on any LIBOR-Based Note, 1.50% per annum and (b) with respect to the calculation of interest on any Prime Rate Note, 0.50% per annum.

Interest Rate Margin means, from and after the Effective Date, (a) with respect to each Revolving Credit Loan, .50% per annum, and (b) with respect to each of the Term Loan and the Second Term Loan, 1.00% per annum.

Interest Rate Margin means five percent (5.0%), provided, however, that, if no Event of Default then exists:

Interest Rate Margin has the meaning assigned to such term in Section 5.03(c) hereof.