Applicable Margin

Applicable Margin. (a) with respect to Base Rate Revolving Loans and all other Obligations (other than LIBOR Loans), 2.00%; and (b) with respect to LIBOR Loans, 4.25%;

Applicable Margin. Shall mean the rate per annum added to LIBOR as determined by the ratio of Senior Debt to EBITDA of Borrower for the prior four fiscal quarters ending on the most recent fiscal quarter, effective as of any Interest Rate Change Date, as set forth below: Ratio of Senior Debt to EBITDA Applicable ... Margin greater than or equal to 1.50 to 1.00 1.75% greater than 1.00 to 1.00, but less than 1.50 to 1.00 1.50% less than or equal to 1.00 to 1.00 1.25% View More

Applicable Margin. Means for any day, subject to the provisions of Section 10.1.3, the rate per annum set forth below opposite the level (the "Level") then in effect; it being understood and agreed that the Applicable Margin for (i) LIBOR Loans shall be the percentage set forth under the column "LIBOR Margin," (ii) Base Rate Loans shall be the percentage set forth under the column "Base Rate Margin," (iii) the Non-Use Fee Rate shall be the percentage set forth under the column "Non-Use Fee Rate" and (iv) the L/C... Fee shall be the percentage set forth under the column "L/C Fee Rate": -2- Average Excess Base Non-Use Revolving Loan LIBOR Rate Fee L/C Fee Level Availability Margin Margin Rate Rate I Less than $2,500,000 2.75 % 0.50 % 0.50 % 2.75 % II Greater than or equal to $2,500,000 but less than $4,000,000 2.50 % 0.25 % 0.375 % 2.50 % III Greater than or equal to $4,000,000 but less than to $6,500,000 2.25 % 0.25 % 0.375 % 2.25 % IV Greater than or equal to $6,500,000 2.00 % 0.00 % 0.375 % 2.00 % The Applicable Margins shall be determined and adjusted, to the extent applicable, one Business Day after the Loan Party Representative shall have delivered the Administrative Agent a written certification on or after the first day of any calendar quarter (commencing with the calendar quarter commencing on April 1, 2007) containing the calculation of the Average Excess Revolving Loan Availability for the preceding calendar quarter then ending. Prior to the delivery of any such certification with respect to the calendar quarter ending March 31, 2007, the Applicable Margins shall be set at Level II; provided that if the Loan Party Representative shall fail to deliver any such certificate within five Business Days after the end of any calendar quarter (from and after the calendar quarter ending March 31, 2007), the Administrative Agent may, if it elects, adjust the Applicable Margins to the next highest (i.e., more expensive) Level over the then current Level until one Business Day following the delivery of any such certificate, following which the Applicable Margin shall thereafter be determined in accordance with the information set forth in such certificate. In the event the Administrative Agent disputes the calculations or results of any such certificate, the Applicable Margin shall not be adjusted until such dispute is resolved. View More

Applicable Margin. The Borrowing Base Utilization Grid within the definition of "Applicable Margin" is hereby amended and restated in its entirety to read as follows: Borrowing Base Utilization Grid Borrowing Base Utilization Percentage <50% 350% < 75% 375 % <90 % 390 % <100% LIBOR Margin 1.250 % 1.500 % 1.750 % 2.000 % ABR Margin 0.000 % 0.000 % 0.250 % 0.500 % Commitment Fee Rate 0.375 % 0.375 % 0.375 % 0.375 %

Applicable Margin. “Applicable Margin’ means (a) with respect to each Eurodollar Tranche, a rate per annum equal to 4.0%; and (b) with respect to each ABR Tranche, a rate per annum equal to 3.0%.

Applicable Margin. Applicable Applicable Margin for "Monthly Average Margin for Prime Eurodollar Rate Applicable L/C Excess Availability Rate Loans Loans Rate Tier 1 $40,000,000 .75 % 2.25 % 2.25 % ... or greater Tier 2 Less than 1.00 % 2.50 % 2.50 % $40,000,000 and greater than or equal to $20,000,000 Tier 3 Less than 1.25 % 2.75 % 2.75 %" $20,000,000 View More

Applicable Margin. Designates the margin applicable to the Credit, equal to 0.80%

Applicable Margin. For each Type of Loan (other than Other Term Loans), the rates per annum determined pursuant to the Pricing Grid, subject to Section 4.16(a)

Applicable Margin. Applicable Margin shall mean, with respect to (a) the Revolving Loans, three percent (3.00%) for Chase Bank Rate Loans and four percent (4.00%) for LIBOR Loans, and (b) Letters of Credit, four percent (4.00%)

Applicable Margin. (i) prior to the Conversion Date, one and one half of one percent (1.50%); or (ii) on or after the Conversion Date, two and one quarter of one percent (2.25%).