Term Loan Margin definition

Term Loan Margin. (a) with respect to any outstanding portion of the Term Loan that is a Eurodollar Rate Advance, 7.50% per annum, and (b) with respect to any outstanding portion of the Term Loan that is a Base Rate Advance, 6.50% per annum.

Term Loan Margin means, with respect to any term loans outstanding on and after the Loan Conversion Date (if any), a percentage rate per annum equal to 0.125%.

Term Loan Margin. (a) with respect to anyTermination Date” means (a) for outstanding portion of the Term Loan (Loans other than Shortened Loans), (1) 12.5% per annum, for Eurodollar Rate Advances, or (2) 11.5% per annum, for Base Rate Advances, and (b) with respect to any outstanding

Examples of Term Loan Margin in a sentence

• Term Loan, Margin Money Loan, New Swarnima, Saksham, Shilp Sampada, Education Loan Scheme, Micro Finance, Krishi Sampada and Mahila Samriddhi Yojana.

• From the date hereof until and including June 30, 2005, each of Real Estate Term Loans 1, 2, 3 & 4 shall bear interest on the unpaid principal balance thereof, payable monthly in arrears at a rate per annum equal to LIBOR plus the Applicable Real Estate Term Loan Margin.

• Notwithstanding the foregoing provisions, during any period when (A) the Borrowers have failed to timely deliver their consolidated financial statements referred to in Section or (b), accompanied by the certificate and calculations referred to in Section or (B) a Default under Section has occurred and is continuing, the Applicable Term Loan Margin shall be the highest rate per annum indicated therefor in the above matr ix, regardless of the Total Funded Debt to EBITDA Ratio at such time.

• Any changes in the Applicable Term Loan Margin shall be determined by the Administrative Agent in accordance with the provisions set forth in this definition and the Administrative Agent will promptly provide notice of such determinations to the Borrower Representative and the Lenders.

• Changes in the Applicable Term Loan Margin based upon changes in the Total Funded Debt to EBITDA Ratio shall become effective on the first day of the month following each Financial Statement Due Date based upon the Total Funded Debt to EBITDA Ratio in effect at the end of the applicable period covered (in whole or in part) by the financial statements to be delivered by the applicable Financial Statement Due Date.

More Definitions of Term Loan Margin

Term Loan Margin with respect to any Term Loans in this clause (i), the Tranche A Term Loan Margin or the Tranche B Term Loan Margin, as applicable, shall be deemed to be determined without giving effect to the provisos in the respective definitions thereof.

Term Loan Margin means the corresponding percentages per annum as set forth below based on the Leverage Ratio: Pricing Level Covenant Level Applicable Margin Leverage Ratio LIBOR Margin Base Rate Margin I < 40% 1.55 % 0.55 % II > 40%, but < 45% 1.70 % 0.70 % III > 45%, but < 50% 1.80 % 0.80 % IV > 50%, but < 55% 1.95 % 0.95 % V > 55% 2.15 % 1.15 % Commencing the date hereof, the Term Loan Margin shall be Price Level III until the receipt by Agent of the first Compliance Certificate. The Term Loan Margin shall be determined and adjusted quarterly on the date (each a “Calculation Date”) ten (10) Business Days after receipt by the Administrative Agent of the Compliance Certificate pursuant to Section 6.02 for the most recently ended fiscal quarter of the Borrower; provided that if the Borrower fails to provide the Compliance Certificate as required by Section 6.02 for the most recently ended fiscal quarter of the Borrower preceding the applicable Calculation Date, the Term Loan Margin from such Calculation Date shall be based on Pricing Level V until such time as an appropriate Compliance Certificate is provided, at which time the Pricing Level shall be determined by reference to the Leverage Ratio as of the last day of the most recently ended fiscal quarter of the Borrower preceding such Calculation Date. The Term Loan Margin shall be effective from one Calculation Date until the next Calculation Date. Any adjustment in the Term Loan Margin shall be applicable to all Loans then existing or subsequently made or issued.

Term Loan Margin means 13.50% plus the PIK Margin.

Term Loan Margin means, for any day, 2.75%; provided, however, that if (a) EBITDA for the fiscal year of the Parent and its Subsidiaries ending on April 30, 2002 (as reported in the financial statements of the Parent and its Subsidiaries delivered to the Agent pursuant to Section 6.3(b)) is greater than or equal to $15,000,000 and (b) the Term Loan Amount as of April 30, 2002 is less than or equal to $6,500,000, then on and after the Margin Test Date, the Term Loan Margin shall mean:

Term Loan Margin means 0.25% per annum.

Term Loan Margin has the meaning specified in Section 3.1.1(d).

Term Loan Margin means 4.50%; provided, however, that, with respect to any month, if Borrower has timely delivered to each Agent the financial statements required by Section 6.01(a)(iii) and the certified calculations required by Section 6.01(a)(iv)(B), and if such financial statements and certified calculations demonstrate that the Senior Debt to EBITDA Ratio for the twelve fiscal month period ending on the last day of the second month immediately preceding such month is less than or equal to 2.00, the Term Loan Margin shall mean 2.50% during such month; provided, further that (a) for the time period from the Effective Date until the date when Agents have received the monthly financial statements and certified calculations for the fiscal month ending December 30, 2001 required by Section 6.01(a)(iii) and Section 6.01(a)(iv)(B), the determination described in the second clause of this definition shall be made based upon the ratio of (i) the aggregate amount of all Obligations as of the Effective Date (after giving effect to the initial Loans and the initial Letter of Credit Accommodations made on or after the date hereof), to (ii) Borrower's EBITDA for the twelve fiscal month period ending on November 25, 2001, (b) for the time period from the date when Agents have received such monthly financial statements and certified calculations for the fiscal month ending December 30, 2001 until the date when Agents have received such monthly financial statements and certified calculations for the fiscal month ending in January of 2002, the determination described in the second clause of this definition shall be made based upon the ratio of (i) the aggregate amount of all Obligations as of the Effective Date (after giving effect to the initial Loans and the initial Letter of Credit Accommodations made on or after the date hereof), to (ii) Borrower's EBITDA for the twelve fiscal month period ending on December 30, 2001. The Term Loan Margin shall be determined on the Effective Date and shall be redetermined each month on the fifth Business Day of each such month. If financial statements and certified calculations described in the second clause of this definition are not timely delivered, the Term Loan Margin shall mean 4.50% until the date on which such financial statements and certified calculations are delivered (on which date (but not retroactively), without constituting a waiver of any Default or Event of Default occasioned by the failure to timely deliver such certification, the ...