Applicable Margin

Applicable Margin. (a) with respect to any ABR Loan, 6.50% per annum; and (b) with respect to any Eurodollar Loan, 7.50% per annum. The Applicable Margin for the Incremental Loans of any Series shall be determined at the time such Series of Loans is established pursuant to Section 2.01(c); and (i) if the Applicable Margin for Incremental Facility Term Loans of any Series would otherwise be more than 25 basis points higher than the Applicable Margin for Term Loans, then the Applicable Margin for Term Loans shall... be automatically increased to a rate per annum equal to 25 basis points less than the Applicable Margin for such Series of Incremental Facility Term Loans from and after the earlier of the initial date of borrowing of such Incremental Facility Term Loans or the date that the related Incremental Facility Term Loan Commitments are established and (ii) if the Applicable Margin for Incremental Revolving Credit Loans of any Series would otherwise be more than 25 basis points higher than the Applicable Margin for Revolving Credit Loans, then the Applicable Margin for Revolving Credit Loans shall be automatically increased to a rate per annum equal to 25 basis points less than the Applicable Margin for such Series of Incremental Facility Revolving Credit Loans from and after the date that the related Incremental Facility Revolving Credit Commitments are established View More

Applicable Margin. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee, which shall accrue at a rate per annum equal to 3/4 of 1% on the average daily unused amount of the Commitment of such Lender during the period from and including the date hereof to but excluding the earlier of the date such Commitment terminates and the Commitment Termination Date; provided that such rate shall be reduced by 1⁄4 of 1% per annum from and after the earlier of (x) the first day... of the 2008 Fiscal Year and (y) the Rate Reduction Date (as defined in the definition of "Applicable Margin" in Section 1.01 hereof). View More

Applicable Margin. (i) for the Base Rate Portion, One-Half of One Percent (0.50%) per annum, and (ii) for the LIBOR Portion, Two and Sixty-Five Hundredths Percent (2.65%) per annum.

Applicable Margin. For each variable base rate loan, the applicable rate per annum on the table next following under the caption "Base Rate Margin" or "LIBOR Margin", respectively, under the Pricing Level then in effect based upon Borrower's Leverage Ratio as reflected in the Financials for the immediately preceding four Fiscal Quarters for income statement items and the most recently ended Fiscal Quarter for balance sheet items, computed as provided below.

Applicable Margin. Means, for any day, with respect to any ABR Loan or Eurodollar Loan, 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 Eurodollar Loans ABR Loans Level 1 less than 33% 1.000% 0.000% Level 2 greater than or equal to 33%, but less than 66% 1.250% 0.000% Level 3 greater than or equal to 66%, but less than 85% 1.500% 0.125% Level 4 greater than or... equal to 85% 1.750% 0.250% 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. View More

Applicable Margin. For eighteen (18) months following the Amendment No. 1 Effective Date, the Applicable Margin shall be increased by an additional 0.75% per annum.

Applicable Margin. 260 basis points (2.60%) per annum.

Applicable Margin. For any day, a margin of interest over the Base Rate or the LIBOR Rate, as the case may be, that is applicable when the Base Rate or LIBOR Rate, as applicable, is determined under this agreement. For purposes of determining the Applicable Margin for Borrowings, the following rules shall apply: (a) The Applicable Margin is subject to adjustment (upwards or downwards, as appropriate) on any day without notice to Borrower or any other Person based on the ratio of the Commitment Usage to the... Conforming Borrowing Base, as stated in the table below. (b) For purposes of the definition of "Applicable Margin", the ratio of the Commitment Usage to the Conforming Borrowing Base is determined as of each day by dividing the Commitment Usage for such day by the Conforming Borrowing Base in effect on such day. (c) If Borrower fails to timely furnish to Administrative Agent any Financials and related Compliance Certificate as required by this agreement, then the maximum Applicable Margin shall apply from the date those Financials and related Compliance Certificate are required to be delivered and remain in effect until Borrower furnishes them to Administrative Agent. (d) If the Conforming Borrowing Base is no longer in effect, then all references in this definition to "Conforming Borrowing Base" shall be deemed to refer to the "Borrowing Base". For all Borrowings: RATIO OF COMMITMENT USAGE TO THE CONFORMING BORROWING BASE APPLICABLE MARGIN FOR BASE-RATE BORROWINGS APPLICABLE MARGIN FOR LIBOR-RATE BORROWINGS less than 25% 0.00% 1.25% greater than or equal to 25% but less than 50% 0.00% 1.50% greater than or equal to 50% but less than 75% 0.25% 1.75% greater than or equal to 75% but less than 100% 0.50% 2.00% greater than or equal to 100% 0.75% 2.25% View More

Applicable Margin. Means, for any day, with respect to any Base Rate Advance, Canadian Prime Rate Advance or Eurodollar Rate Advance or with respect to the commitment fees payable hereunder, the applicable rate per annum set forth below under the caption "Base Rate and Canadian Prime Rate", "Eurodollar Rate" or "Commitment Fee Rate", respectively, subject to changes in the Total Debt Ratio as indicated below:

Applicable Margin. To the extent that an applicable Existing Loan Document contains a definition of "Applicable Margin" (or analogous or similar term), such term is hereby amended to replace references therein to the word "LIBOR" (or other analogous or similar reference relating to a LIBOR Credit Extension) with the word "SOFR" (or other analogous or similar reference relating to a SOFR Credit Extension).