Applicable Margin

Applicable Margin. Means, at all times from and after the First Amendment Effective Date, seven percent (7.0%) per annum.

Applicable Margin. Means a rate per annum equal to the "Applicable Margin" as determined from time to time pursuant to the Pricing Grid.

Applicable Margin. 325 basis points (3.25%)

Applicable Margin. Shall mean, at any time, as to the interest rate for Prime Rate Loans, the interest rate for Prime Rate Fixed Asset Loans, the interest rate for Eurodollar Rate Loans, the interest rate for Eurodollar Rate Fixed Asset Loans, the interest rate for Prime Rate Equipment Purchase Loans, the interest rate for Eurodollar Rate Equipment Purchase Loans and the Letter of Credit Fee, the applicable percentage (on a per annum basis) set forth below indicated for the Monthly Average Excess Availability for... the immediately preceding month is at or within the amounts indicated for such percentage: Loans Based on Accounts and Inventory Loans Based on Fixed Asset Availability and Equipment Purchase Loans Tier Monthly Average Excess Availability Applicable Prime Rate Margin Applicable Eurodollar Margin Applicable Prime Rate Margin Applicable Eurodollar Margin L/C Rate 1. $20,000,000 or more .50 % 2.00 % 1.00 % 2.50 % 1.75 % 2. Greater than or equal to $10,000,000 and less than $20,000,000 .75 % 2.25 % 1.25 % 2.75 % 2.00 % 3. Less than $10,000,000 1.00 % 2.50 % 1.50 % 3.00 % 2.25 % provided, that, the Applicable Margin shall be calculated and established on the first day of each month (commencing on May 1, 2005) and shall remain in effect until adjusted thereafter at the beginning of the next month. View More

Applicable Margin. At any date of calculation on or after the Fourth Amendment Date, the percentage corresponding to the applicable Senior Funded Debt to Consolidated EBITDA Ratio as reported for the most recently concluded fiscal quarter of Borrower with respect to which Borrower has been required to report pursuant to Section 5.12(a) or 5.12(b) of this Agreement and as set forth in the calculations attached to the certificate delivered pursuant to Section 5.12(k) of this Agreement for such fiscal quarter:... Senior Funded Debt to Consolidated EBITDA Ratio ApplicableMargin > 1.50:1.00 2.00 % £ 1.50:1.00 and > 0.75:1.00 1.75 % £ 0.75:1.00 1.50 % The Applicable Margin determined with respect to each fiscal quarter of Borrower shall apply from the date after the end of such fiscal quarter when the same is determined until the date after the end of the next succeeding fiscal quarter of Borrower when the Applicable Margin is determined with respect to such next succeeding fiscal quarter of Borrower. View More

Applicable Margin. Borrowing Base Utilization Grid Borrowing Base Utilization Percentage <25% 325% <50% 350% <75% 375% £100% >100% Eurodollar Loans 2.25% 2.50% 2.75% 3.00% 3.50% ABR Loans 1.25% 1.50% 1.75% 2.00% 2.50%

Applicable Margin. 1 Borrowing Base Utilization Grid Borrowing Base Utilization Percentage <25% >25% <50% >50% <75% >75% <90% >90% Eurodollar Loans 1.50 % 1.75 % 2.00 % 2.25 % 2.50 % ABR Loans 0.50 % 0.75 % 1.00 % 1.25 % 1.50 %

Applicable Margin. The definition of "Applicable Margin" is hereby amended by deleting the columns titled "Applicable Margin for Eurodollar Rate Revolving Loans" and "Applicable Margin for ABR Rate Revolving Loans" in the chart included in such definition and replacing it with the following: 1 Applicable Margin for Eurodollar Rate Revolving Loans Applicable Margin for ABR Rate Revolving Loans 2.75 % 1.75 % 2.50 % 1.50 %

Applicable Margin. The definition of Applicable Margin is hereby amended by amending and restating the Borrowing Base Utilization Grid contained therein in its entirety to read as follows: Borrowing Base Utilization Grid Borrowing Base Utilization Percentage <25.0% 325% <50.0% 350.0% <75.0% 375% <90% >90% Eurodollar Loans 2.00% 2.25% 2.50% 2.75% 3.00% ABR Loans 1.00% 1.25% 1.50% 1.75% 2.00%

Applicable Margin. Leverage Ratio chart contained in the definition of "Applicable Margin" in Section 1.1 is hereby deleted in its entirety and replaced with the following: Leverage Ratio Column 1 Column 2 Category l Greater than or equal to 4.50 to 1. 3.50 % 0.50 % Category 2 Less than 4.50 to 1, but greater than or equal to 4.00 to 1. 3.25 % 0.45 % Category 3 Less than 4.00 to 1, but greater than or equal to 3.50 to 1 3.00 % 0.40 % Category 4 Less than 3.50 to 1, but greater than or equal to 3.00 to 1 2.75 %... 0.35 % Category 5 Less than 3.00 to 1, but greater than or equal to 2.25 to 1. 2.00 % 0.25 % Category 6 Less than 2.25 to 1, but greater than or equal to 1.50 to 1. 1.75 % 0.20 % Category 7 Less than 1.50 to 1. 1.50 % 0.15 % View More