Applicable Margin

Example Definitions of "Applicable Margin"
Applicable Margin. Means, for any day, with respect to any ABR Loan or Eurodollar Loan, or with respect to the Commitment Fee Rate, as the case may be, the rate per annum set forth in the Borrowing Base Utilization Grid below based upon the Borrowing Base Utilization Percentage then in effect: Borrowing Base Utilization Percentage <25% 325% <50% 350% <75% 375% <90% 390% LIBOR Margin 1.50 % 1.75 % 2.00 % 2.25 % 2.50 % ABR Margin 0.50 % 0.75 % 1.00 % 1.25 % 1.50 % Commitment Fee Rate 0.375 % 0.375 % 0.50 % 0.50 % 0.50 % Each change in the Applicable Margin shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change, provided, however, that if at any time the Borrower fails to deliver a Reserve Report pursuant to Section 8.12(a), then the "Applicable Margin" means the rate per annum set forth on the grid when the Borrowing Base Utilization Percentage is at its highest level.
Found in PETROHAWK ENERGY CORP contract
View All 6 Variations
Applicable Margin. Means, for For any day, with respect to any ABR Loan or Eurodollar Loan, or with respect to the Commitment Fee Rate, as the case may be, the applicable rate per annum set forth in the Borrowing Base Utilization Grid below based upon on the Borrowing Base Utilization Percentage then in effect: effect on such day: Borrowing Base Utilization Percentage <25% 325% <50% 350% <75% 375% <90% 390% LIBOR Margin 1.50 <25 % 1.75 >25% <50 % 2.00 >50% <75 % 2.25 >75% <90 % >90 % Eurodollar Loans 2.500 % 2.750 % 3.000 % 3.250 % 3.500 % ABR Margin 0.50 Loans 1.625 % 0.75 1.875 % 1.00 2.125 % 1.25 2.375 % 1.50 2.625 % Commitment Fee Rate 0.375 0.500 % 0.375 0.500 % 0.500 % 0.500 % 0.500 % Each change in the Applicable Margin and the Commitment Fee Rate shall apply during the period commencing on the effective date of such change in the Borrowing Base Utilization Percentage and ending on the date immediately preceding the effective date of the next such change, change; provided, however, that if at any time the Borrower fails to deliver a Reserve Report pursuant to Section 8.12(a), then the "Applicable Margin" means and "Commitment Fee Rate" each shall mean the rate per annum set forth on the grid when the Borrowing Base Utilization Percentage is at its highest level. level
Found in PETROQUEST ENERGY INC contract
Applicable Margin. Means, for For any day, with respect to any ABR Loan or Eurodollar Loan, or with respect to the Commitment Fee Rate, as the case may be, the rate per annum set forth in the Borrowing Base Utilization Grid below based upon the Borrowing Base Utilization Percentage then in effect: Borrowing Base Utilization Grid Borrowing Base Utilization Percentage <25% 325% but <50% 350% but <75% 375% but <90% 390% LIBOR Margin 1.50 % 1.75 % 2.00 % 2.25 % 2.50 % >90% ABR Margin 0.50 % 0.75 % 1.00 % 1.25 % 1.50 % Commitment Fee Rate 0.375 % 0.375 % 0.50 % 0.50 % 0.50 % Loans 0.75% 1.00% 1.25% 1.50% 1.75% Eurodollar Loans 1.75% 2.00% 2.25% 2.50% 2.75% Each change in the Applicable Margin shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change, provided, however, that if at any time the Borrower fails to deliver a Reserve Report pursuant to Section 8.12(a), then the "Applicable Margin" ‘Applicable Margin' means the rate per annum set forth on the grid when the Borrowing Base Utilization Percentage is at its highest level.
Found in Rosetta Resources Inc. contract
Applicable Margin. Means, for any day, with respect to any ABR Loan or Eurodollar Loan, or with respect to the Commitment Fee Rate, as the case may be, the rate per annum set forth in the Borrowing Base Utilization Grid below based upon the Borrowing Base Utilization Percentage then in effect: Page Borrowing Base Utilization Grid Borrowing Base Utilization Percentage <25% 325% <50% 350% <75% 375% <90% 390% < 50% 3 50% < 75 % 3 75 % < 90 % 3 90 % LIBOR Margin 1.50 % 1.75 % 2.00 % 2.25 % 2.50 % 1.000% 1.250% 1.500% 1.750% ABR Margin 0.50 % 0.75 % 1.00 % 1.25 % 1.50 % 0.000% 0.000% 0.250% 0.500% Commitment Fee Rate 0.375 % 0.375 % 0.50 % 0.50 % 0.50 % 0.250% 0.375% 0.375% 0.375% Each change in the Applicable Margin or Commitment Fee Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change, provided, however, that if at any time the Borrower fails to deliver a Reserve Report pursuant to Section 8.12(a), then the "Applicable Margin" or "Commitment Fee Rate" means the rate per annum set forth on the grid when the Borrowing Base Utilization Percentage is at its highest level.
Found in Rosetta Resources Inc. contract
View Variations (6) Arrow
Applicable Margin. Means: (i) with respect to Base Rate Revolving Loans, and all other Obligations (other than LIBOR Loans), .75%; and (ii) with respect to LIBOR Revolving Loans, 3.00%; and (iii) with respect to LIBOR Term Loans, 3.00%. If Fixed Charge Coverage Ratio Pricing Level ... Greater than or equal to 2.00 to 1.00 Level I Greater than or equal to 1.75 to 1.00 but less than 2.00 to 1.00 Level II Greater than or equal to 1.50 to 1.00 but less than 1.75 to 1.00 Level III Greater than or equal to 1.20 to 1.00 but less than 1.50 to 1.00 Level IV Greater than or equal to 1.00 to 1.00 but less than 1.20 to 1.00 Level V Greater than or equal to ..75 to 1.00 but less than 1.00 to 1.00 Level VI Greater than or equal to ..50 to 1.00 but less than ..75 to 1.00 Level VII 1 If Fixed Charge Coverage Ratio Pricing Level Applicable Margins Level I Level II Level III Level IV Level V Level VI Level VII Base Rate Revolving Loans 0.0 % 0.0 % 0.0 % 0.25 % 0.50 % 0.75 % 1.00 % LIBOR Revolving Loans 1.75 % 2.00 % 2.25 % 2.50 % 2.75 % 3.00 % 3.25 % Term Loans 3.00 % 3.00 % 3.00 % 3.00 % 3.00 % 3.00 % 3.25 % All adjustments in the Applicable Margins after July 15, 2005, shall be implemented quarterly on a prospective basis, commencing with the first day of the first calendar month that occurs more than 5 days after the required date of delivery to the Lender of quarterly unaudited or annual draft audited (as applicable) Financial Statements evidencing the need for an adjustment. In the event the draft audited Financial Statements are subsequently determined to be in error, then any resulting change in the Applicable Margin shall be made retroactively to the date when the incorrect Applicable Margin was utilized. Concurrently with the delivery of those Financial Statements, Meade shall deliver to the Lender a certificate, signed by its chief financial officer, setting forth in reasonable detail the basis for the continuance of, or any change in, the Applicable Margins. Failure to timely deliver such Financial Statements shall, in addition to any other remedy provided for in this Agreement, result in an increase in the Applicable Margins to the highest level set forth in the foregoing grid, until the first day of the first calendar month following the delivery of those Financial Statements demonstrating that such an increase is not required. If a Default or Event of Default has occurred and is continuing at the time any reduction in the Applicable Margins is to be implemented, no reduction may occur until the first day of the first calendar month following the date on which such Default or Event of Default is waived or cured. View More Arrow
Found in MEADE INSTRUMENTS CORP contract
Applicable Margin. Means: “Applicable Margin’ means: (i) with respect to Base Rate Revolving Loans, and all other Obligations (other than LIBOR Loans), .75%; .25%; and (ii) with respect to LIBOR Revolving Loans, 3.00%; 2.50%; and (iii) with respect to LIBOR Term Loans, 3.00%. If Fixed Charge Coverage Ratio Pricing Level Greater than or equal to 2.00 to 1.00 Level I Greater than or equal to 1.75 to 1.00 but equal to or less than 2.00 to 1.00 Level II Greater than or equal to 1.50 to 1.00 but equal to or less than... 1.75 to 1.00 Level III Greater than or equal to 1.20 to 1.00 but equal to or less than 1.50 to 1.00 Level IV Greater than or equal to 1.00 to 1.00 but equal to or less than 1.20 to 1.00 Level V Greater than or equal to ..75 to 1.00 but less than 1.00 to 1.00 Level VI Greater than or equal to ..50 to 1.00 but less than ..75 to 1.00 Level VII 1 If Fixed Charge Coverage Ratio Pricing Level Applicable Margins Level I Level II Level III Level IV Level V Level VI Level VII Base Rate Revolving Loans 0.0 % 0.0 % 0.0 % 0.25 % 0.50 % 0.75 % 1.00 % LIBOR Revolving Loans 1.75 % 2.00 % 2.25 % 2.50 % 2.75 % 3.00 % 3.25 % Term Loans 3.00 % 3.00 % 3.00 % 3.00 % 3.00 % 3.00 % 3.25 % All adjustments in the Applicable Margins after July 15, 2005, 2004, shall be implemented quarterly on a prospective basis, commencing with the first day of the first calendar month that occurs more than 5 days after the required date of delivery to the Lender of quarterly unaudited or annual draft audited (as applicable) Financial Statements evidencing the need for an adjustment. In the event the draft audited Financial Statements are subsequently determined to be in error, then any resulting change in the Applicable Margin shall be made retroactively to the date when the incorrect Applicable Margin was utilized. Concurrently with the delivery of those Financial Statements, Meade shall deliver to the Lender a certificate, signed by its chief financial officer, setting forth in reasonable detail the basis for the continuance of, or any change in, the Applicable Margins. Failure to timely deliver such Financial Statements shall, in addition to any other remedy provided for in this Agreement, result in an increase in the Applicable Margins to the highest level set forth in the foregoing grid, until the first day of the first calendar month following the delivery of those Financial Statements demonstrating that such an increase is not required. If a Default or Event of Default has occurred and is continuing at the time any reduction in the Applicable Margins is to be implemented, no reduction may occur until the first day of the first calendar month following the date on which such Default or Event of Default is waived or cured. cured.” View More Arrow
Found in MEADE INSTRUMENTS CORP contract
Applicable Margin. Means: ’Applicable Margin' means: (i) with respect to Base Rate Revolving Loans, Loans and all other Obligations (other than LIBOR Loans), .75%; 2.00%; and (ii) with respect to LIBOR Revolving Loans, 3.00%; 4.25%; and (iii) with respect to LIBOR Term Loans, 3.00%. 4.25%. Provided, that, once Meade and its consolidated Subsidiaries achieve a positive EBITDA for the prior four consecutive fiscal quarters, the Applicable Margin will be determined based upon the following grid: If Fixed Charge... Coverage Ratio Pricing Level Greater than or equal to 2.00 to 1.00 Level I Greater than or equal to 1.75 to 1.00 but less than 2.00 to 1.00 Level II Greater than or equal to 1.50 to 1.00 but less than 1.75 to 1.00 Level III Greater than or equal to 1.20 to 1.00 but less than 1.50 to 1.00 Level IV Greater than or equal to 1.00 to 1.00 but less than 1.20 to 1.00 Level V Greater than or equal to ..75 .75 to 1.00 but less than 1.00 to 1.00 Level VI Greater than or equal to ..50 .50 to 1.00 but less than ..75 .75 to 1.00 Level VII Greater than or equal to .25 to 1.00 If Fixed Charge Coverage Ratio Pricing but less than .50 to 1.00 Level VIII Greater than or equal to .00 to 1.00 but less than .25 to 1.00 Level IX Applicable Margins Level I Level II Level III Level IV Level V Level VI Level VII Level VIII Level IX Base Rate Revolving Loans 0.0 % 0.0 % 0.0 % 0.25 % 0.50 % 0.75 % 1.00 % 1.25 % 1.75 % LIBOR Revolving Loans 1.75 % 2.00 % 2.25 % 2.50 % 2.75 % 3.00 % 3.25 % 3.50 % 4.00 % Term Loans 3.00 % 3.00 % 3.00 % 3.00 % 3.00 % 3.00 % 3.25 % All 3.50 % 4.00 % Once Meade and its consolidated Subsidiaries achieve a positive EBITDA for the prior four consecutive fiscal quarters, all adjustments in the Applicable Margins after July 15, 2005, shall be implemented quarterly on a prospective basis, commencing with the first day of the first calendar month that occurs more than 5 days after the required date of delivery to the Lender of quarterly unaudited or annual draft audited (as applicable) Financial Statements evidencing the need for an adjustment. In the event the draft audited Financial Statements are subsequently determined to be in error, then any resulting change in the Applicable Margin shall be made retroactively to the date when the incorrect Applicable Margin was utilized. Concurrently with the delivery of those all quarterly Financial Statements, Meade shall deliver to the Lender a certificate, signed by its chief financial officer, setting forth in reasonable detail the basis for the continuance of, or any change in, the Applicable Margins. Failure to timely deliver such Financial Statements shall, in addition to any other remedy provided for in this Agreement, result in an increase in the Applicable Margins to the highest level set forth in the foregoing grid, until the first day of the first calendar month following the delivery of those Financial Statements demonstrating that such an increase is not required. If a Default or Event of Default has occurred and is continuing at the time any reduction in the Applicable Margins is to be implemented, no reduction may occur until the first day of the first calendar month following the date on which such Default or Event of Default is waived or cured. View More Arrow
Found in MEADE INSTRUMENTS CORP contract
Applicable Margin. Means: (i) with respect to Base Rate Revolving Loans, and all other Obligations (other than LIBOR Loans), .75%; .25%; and (ii) with respect to LIBOR Revolving Loans, 3.00%; 2.50%; and (iii) with respect to LIBOR Term Loans, 3.00%. If Fixed Charge Coverage Ratio Pricing Level IF FIXED CHARGE COVERAGE RATIO PRICING LEVEL -------------- ------------- Greater than or equal to 2.00 to 1.00 Level I Greater than or equal to 1.75 to 1.00 but equal to or less than 2.00 to 1.00 Level II Greater than or... equal to 1.50 to 1.00 but equal to or less than 1.75 to 1.00 Level III Greater than or equal to 1.20 to 1.00 but equal to or less than 1.50 to 1.00 Level IV Greater than or equal to 1.00 to 1.00 but less than 1.20 to 1.00 Level V Greater than or equal to ..75 to 1.00 but less than 1.00 to 1.00 Level VI Greater than or equal to ..50 to 1.00 but less than ..75 to 1.00 Level VII 1 If Fixed Charge Coverage Ratio Pricing Level Applicable Margins Level APPLICABLE MARGINS LEVEL I Level LEVEL II Level LEVEL III Level LEVEL IV Level V Level VI Level VII ------- -------- --------- -------- Base Rate Revolving Loans 0.0 % 0.0 % 0.0 % 0.25 % 0.50 % 0.75 % 1.00 % 0.0% 0.0% 0.0% .25% LIBOR Revolving Loans 1.75 % 2.00 % 2.25 % 2.50 % 2.75 % 3.00 % 3.25 % 1.75% 2.00% 2.25% 2.50% Term Loans 3.00 % 3.00 % 3.00 % 3.00 % 3.00 % 3.00 % 3.25 % 3.00% 3.00% 3.00% 3.00% All adjustments in the Applicable Margins after July 15, 2005, 2004, shall be implemented quarterly on a prospective basis, commencing with the first day of the first calendar month that occurs more than 5 days after the required date of delivery to the Lender of quarterly unaudited or annual draft audited (as applicable) Financial Statements evidencing the need for an adjustment. In the event the draft audited Financial Statements are subsequently determined to be in error, then any resulting change in the Applicable Margin shall be made retroactively to the date when the incorrect Applicable Margin was utilized. Concurrently with the delivery of those Financial Statements, Meade shall deliver to the Lender a certificate, signed by its chief financial officer, setting forth in reasonable detail the basis for the continuance of, or any change in, the Applicable Margins. Failure to timely deliver such Financial Statements shall, in addition to any other remedy provided for in this Agreement, result in an increase in the Applicable Margins to the highest level set forth in the foregoing grid, until the first day of the first calendar month following the delivery of those Financial Statements demonstrating that such an increase is not required. If a Default or Event of Default has occurred and is continuing at the time any reduction in the Applicable Margins is to be implemented, no reduction may occur until the first day of the first calendar month following the date on which such Default or Event of Default is waived or cured. View More Arrow
Found in MEADE INSTRUMENTS CORP contract
View Variations (3) Arrow
Applicable Margin. Means, for any day, with respect to any ABR Loan or Eurodollar Loan, or with respect to the Commitment Fee Rate, as the case may be, the rate per annum set forth in the Borrowing Base Utilization Grid below based upon the Borrowing Base Utilization Percentage then in effect
Found in REX ENERGY CORP contract
Applicable Margin. Means, for For any day, with respect to any ABR Loan or Eurodollar Loan, or with respect to the Commitment Fee Rate, as the case may be, the rate per annum set forth in the Borrowing Base Utilization Grid below based upon the Borrowing Base Utilization Percentage then in effect effect.
Found in Harvest Oil & Gas Corp. contract
Applicable Margin. Means, for For any day, with respect to any ABR Loan or Eurodollar Loan, or with respect to the Commitment Fee Rate, as the case may be, the rate per annum set forth in the Borrowing Base Utilization Grid below based upon the Borrowing Base Utilization Percentage then in effect
Found in BILL BARRETT CORP contract
View Variations (2) Arrow
Applicable Margin. Shall mean a percentage per annum equal to (i) 3%, with respect to Base Rate Loans, (ii) 5.125%, with respect to Eurodollar Loans, and (iii) 5.525%, with respect to Euro Denominated Loans.
Found in BALDWIN TECHNOLOGY CO INC contract
Applicable Margin. Shall Applicable Margin" shall mean a percentage per annum equal to (i) 3%, 1.25%, with respect to Base Rate Loans, (ii) 5.125%, 3.375%, with respect to Eurodollar Loans, and (iii) 5.525%, 3.775%, with respect to Euro Denominated Loans.
Found in BALDWIN TECHNOLOGY CO INC contract
View Variation Arrow
Applicable Margin. Means, in the case of Advances against Eligible Foreign Accounts, 4.75 percentage points (475 basis points), and in the case of all other Advances, 3.50 percentage points (350 basis points).
Found in NETLIST INC contract
Applicable Margin. Means, in the case of Advances against Eligible Foreign Accounts, 4.75 1.50 percentage points (475 (150 basis points), and in the case of all other Advances, 3.50 0.50 percentage points (350 (50 basis points).
Found in NETLIST INC contract
View Variation Arrow
Applicable Margin. Is equal to the percent per annum in excess of the Prime Rate as set forth in the following pricing matrix: Level Total Liabilitiesto Net WorthRatio Prime Rate + Level I <3.00 1.00 % Level II 33.00<3.50 1.25 % Level III 33.50 1.50 % From August 8, 2007 through November 15, 2007, the Applicable Margin for Advances under the Revolving Credit Facility shall be the Applicable Margin set forth for Level II in the above-described pricing matrix. From November 16, 2007 and until such time that the Fixed Charge Coverage Ratio is equal to or greater than 1.0 to 1.0 for two (2) consecutive fiscal quarters ("Applicable Margin Initial Reset Date") the Applicable Margin for Advances under the Revolving Credit Facility shall be the Applicable Margin set forth for Level III in the above-described pricing matrix. Thereafter, the Applicable Margin shall be based upon the ratio of Total Liabilities to Net Worth of Borrower and its Subsidiaries adjusted on a quarterly basis as reflected on the consolidated financial statements of Borrower and its Subsidiaries delivered to Lender pursuant to Section 15.3 and on the Borrower's 10-Q Report delivered to Lender pursuant to Section 15.6 and the compliance certificates delivered to Lender pursuant to Section 15.10 for each fiscal quarter ending after the Applicable Margin Initial Reset Date, provided, however, if the consolidated financial statements or compliance certificates are not delivered at the time specified in Sections 15.3 and 15.10 below, then the Applicable Margin for the Loan shall be the highest Applicable Margin set forth above for the Loan during any period that Borrower is delinquent in the delivery of such consolidated financial statements and compliance certificates or, at the option of Lender, the Default Rate. The adjustment in the Applicable Margin, if any, shall be effective five (5) Business Days after the later of receipt by Lender of the consolidated financial statements of Borrower and its Subsidiaries delivered to Lender pursuant to Section 15.3 or the compliance certificates delivered to Lender pursuant to Section 15.10 below. There shall be no reduction in the Applicable Margin if a Default or an Event of Default has occurred and is continuing uncured and the Minimum Net Availability is less than $1,500,000.
Found in ACCESS WORLDWIDE COMMUNICATIONS INC contract
Applicable Margin. Is Applicable Margin is equal to the percent per annum in excess of the Prime Rate as set forth in the following pricing matrix: Level Total Liabilitiesto Net WorthRatio Liabilities toNet Worth Ratio Prime Rate + Level I <3.00 1.00 % Level II 33.00<3.50 1.25 % Level III 33.50 1.50 % From August 8, 2007 through November 15, 2007, the Applicable Margin for Advances under the Revolving Credit Facility shall be the Applicable Margin set forth for Level II in the above-described pricing matrix. From November 16, 15, 2007 until Lender's receipt of Borrower's audited consolidated and until such time that the Fixed Charge Coverage Ratio is equal to or greater than 1.0 to 1.0 consolidating financial statements for two (2) consecutive Borrower's fiscal quarters year ending December 31, 2008 ("Applicable Margin Initial Reset Date") the Applicable Margin for Advances under the Revolving Credit Facility shall be the Applicable Margin set forth for Level III in the above-described pricing matrix. Thereafter, the Applicable Margin shall be based upon the ratio of Total Liabilities to Net Worth of Borrower and its Subsidiaries adjusted on a quarterly basis as reflected on the consolidated financial statements of Borrower and its Subsidiaries delivered to Lender pursuant to Section 15.3 and on the Borrower's 10-Q Report delivered to Lender pursuant to Section 15.6 and the compliance certificates delivered to Lender pursuant to Section 15.10 for each fiscal quarter ending after the Applicable Margin Initial Reset Date, provided, however, if the consolidated financial statements or compliance certificates are not delivered at the time specified in Sections 15.3 and 15.10 below, then the Applicable Margin for the Loan shall be the highest Applicable Margin set forth above for the Loan during any period that Borrower is delinquent in the delivery of such consolidated financial statements and compliance certificates or, at the option of Lender, the Default Rate. The adjustment in the Applicable Margin, if any, shall be effective five (5) Business Days after the later of receipt by Lender of the consolidated financial statements of Borrower and its Subsidiaries delivered to Lender pursuant to Section 15.3 or the compliance certificates delivered to Lender pursuant to Section 15.10 below. There shall be no reduction in the Applicable Margin if a Default or an Event of Default has occurred and is continuing uncured and the Minimum Net Availability is less than $1,500,000. Pledged Account means collectively those certain certificated and uncertificated certificates of deposit or money market accounts of Borrower held by or with Bank and any and all renewals, replacements and substitutions of such certificates of deposit and money market accounts.
Found in ACCESS WORLDWIDE COMMUNICATIONS INC contract
View Variation Arrow
Applicable Margin. Shall mean, at any time the ratio of Maker's Debt to its EBITDA is equal to the amount set forth in the first column below, the percentage set forth adjacent thereto in the second column below: Debt/EBITDA Applicable Margin ----------- ----------------- greater than or equal to 1.5:1.0 1.75% greater than 1.0:1.0 but less than 1.5:1.0 1.50% ... less than or equal to 1.0:1.0 1.25% The ratio of Maker's Debt to its EBITDA shall be determined quarterly, on a trailing 12-month basis, upon Bank's receipt of Maker's most recent quarterly financial statements, and shall, for the purpose of determining the Applicable Margin, be applied prospectively. View More Arrow
Found in WMS INDUSTRIES INC contract
Applicable Margin. Shall mean, at any time the ratio of Maker's Senior Debt to its EBITDA is equal to the amount set forth in the first column below, the percentage set forth adjacent thereto in the second column below: Debt/EBITDA Applicable Margin ----------- ----------------- greater than > or equal to = 1.5:1.0 1.75% greater than > 1.0:1.0 but less than < 1.5:1.0 1.50% less than < or equal to = 1.0:1.0 1.25% The ratio of Maker's Debt to its EBITDA shall be determined quarterly, on a trailing 12-month basis, upon Bank's receipt of Maker's most recent quarterly financial statements, and shall, for the purpose of determining the Applicable Margin, be applied prospectively.
Found in WMS INDUSTRIES INC contract
View Variation Arrow
Applicable Margin. Applicable Margin" means, for each Advance and (i) any date prior to the Facility Termination Date, 0.95% or (ii) any date that occurs on or after the Facility Termination Date, 1.85%.
Found in LEASE EQUITY APPRECIATION FUND I LP contract
Applicable Margin. Applicable Margin" means, Means, for each Advance and (i) any date prior to the Facility Termination Date, 0.95% 1.20% or (ii) any date that occurs on or after the Facility Termination Date, 1.85%.
Found in Lease Equity Appreciation Fund II, L.P. contract
View Variation Arrow
Applicable Margin. Two percent (2.0%) per annum
Found in Wilhelmina International, Inc. contract
Applicable Margin. Two percent (2.0%) (2.00%) per annum annum.
Found in NEOPHOTONICS CORP contract
View Variation Arrow
Applicable Margin. Means(a) for any day during a Borrowing Base Period on which neither the Parent nor Borrower has an Investment Grade Rating from Fitch, with respect to:(i) any Swingline Loan, ABR Revolving Loan, Term Benchmark Revolving Loan or RFR Revolving Loan, or with respect to the Commitment Fee Rate, as the case may be, the rate per annum set forth in the Borrowing Base Utilization Grid below based upon the Borrowing Base Utilization Percentage then in effect:Borrowing Base Utilization... GridBorrowing Base Utilization Percentage< 25%> 25% < 50%> 50% < 75%> 75% < 90%> 90%Term Benchmark Revolving Loans and RFR Revolving Loans1.750%2.000%2.250%2.500%2.750%Swingline Loans and ABR Revolving Loans0.750%1.000%1.250%1.500%1.750%Commitment FeeRate0.375%0.375%0.500%0.500%0.500%2(ii) any Term Loan, the rate per annum as set forth in the applicable Term Loan Amendment. (b) for any day during a Borrowing Base Period on which the Parent or Borrower, as applicable, has an Investment Grade Rating from Fitch, with respect to:(i) any Swingline Loan, ABR Revolving Loan, Term Benchmark Revolving Loan or RFR Revolving Loan, or with respect to the Commitment Fee Rate, as the case may be, the rate per annum set forth in the Borrowing Base Utilization Grid below based upon the Borrowing Base Utilization Percentage then in effect:Borrowing Base Utilization GridBorrowing Base Utilization Percentage< 25%> 25% < 50%> 50% < 75%> 75% < 90%> 90%Term Benchmark Revolving Loans and RFR Revolving Loans1.625%1.875%2.125%2.375%2.625%Swingline Loans and ABR Revolving Loans0.625%0.875%1.125%1.375%1.625%Commitment FeeRate0.375%0.375%0.500%0.500%0.500%(ii) any Term Loan, the rate per annum as set forth in the applicable Term Loan Amendment. (c) for any day during an Investment Grade Period, with respect to:(i) any Swingline Loan, ABR Revolving Loan, Term Benchmark Revolving Loan or RFR Revolving Loan, or with respect to the Commitment Fee Rate, as the case may be, the rate per annum set forth in the Index Debt Rating Grid below based upon the Applicable Rating Level then in effect:Index Debt Rating GridApplicable Rating LevelGreater than or equal to Baa1/BBB+Baa2/BBBBaa3/BBB-Ba1/BB+3Term Benchmark Revolving Loans and RFR Revolving Loans1.125%1.250%1.500%1.750%Swingline Loans and ABR Revolving Loans0.125%0.250%0.500%0.750%Commitment FeeRate0.125%0.150%0.200%0.250%(ii) any Term Loan, the rate per annum as set forth in the applicable Term Loan Amendment. At all times, each change in the Applicable Margin resulting from a change in the Borrowing Base Utilization Percentage, the Parent's or Borrower's Index Debt rating from Fitch, or the Applicable Rating Level, as applicable, shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. View More Arrow
Found in Centennial Resource Development, Inc. contract
All Definitions