Applicable Margin

Applicable Margin. (a) one percent (1.00%) per annum or (b) three quarters of one percent (0.75%) per annum upon Bank's receipt of evidence satisfactory to it that Borrower has achieved two consecutive quarters of positive net income, as determined in accordance with GAAP.

Applicable Margin. The following percentages per annum, based upon the Leverage Ratio as set forth in the most recent Compliance Certificate received by the Purchaser pursuant to Section 7(b)(1) of the Guaranty Agreement.

Applicable Margin. For any day, with respect to any ABR Loan, 1.75%, and in the case of any Eurocurrency Loan, 2.75%.

Applicable Margin. The definition of "Applicable Margin" is amended by deleting the word "Grid" and replacing it with "grid"

Applicable Margin. With respect to Base Rate Revolving Loans and LIBO Rate Revolving Loans, the applicable percentage (on a per annum basis) set forth below based on the Quarterly Average Availability as follows: Tier Quarterly Average Availability Applicable LIBORate Margin Applicable BaseRate Margin 1 Greater than 30% of the Maximum Revolver Amount 2.00 % 1.00 % 2 Greater than or equal to 15% of the Maximum Revolver Amount but less than or equal to 30% of the Maximum Revolver Amount 2.25 % 1.25 % 3 Less than... 15% of the Maximum Revolver Amount 2.50 % 1.50 % provided, that, (i) the Applicable Margin shall be calculated and established once every three (3) months and shall remain in effect until adjusted for the next three (3) month period, (ii) each adjustment of the Applicable Margin shall be effective as of the first day of each such three (3) month period based on the Quarterly Average Availability for the immediately preceding three (3) month period as calculated by Administrative Agent, (iii) notwithstanding anything to the contrary contained herein, the Applicable Margin through June 30, 2014, shall be the amount for Tier 3 set forth above and (iv) in the event that Borrowers fail to provide any Borrowing Base Certificate or other information with respect thereto for any period on the date required hereunder, effective as of the date on which such Borrowing Base Certificate or other information was otherwise required, at Administrative Agent's option, the Applicable Margin shall be based on the highest rate above until the next Business Day after a Borrowing Base Certificate or other information is provided for the applicable period at which time the Applicable Margin shall be adjusted as otherwise provided herein. In the event that at any time after the end of any three (3) month period, the Quarterly Average Availability for such three (3) month period used for the determination of the Applicable Margin was greater than the actual amount of the Quarterly Average Availability for such period as a result of the inaccuracy of information provided by or on behalf of Borrowers to Administrative Agent for the calculation of Availability, the Applicable Margin for such period shall be adjusted to the applicable percentage based on such actual average Availability and any additional interest for the applicable period as a result of such recalculation shall be promptly paid to Administrative Agent. The foregoing shall not be construed to limit the rights of Administrative Agent or Lenders with respect to the amount of interest payable after a Default or Event of Default whether based on such recalculated percentage or otherwise. View More

Applicable Margin. The rate per annum equal to (a) with respect to Eurodollar Loans, 2.75% and (b) with respect to ABR Loans, 1.75%.

Applicable Margin. The Applicable Margin Grid

Applicable Margin. The definition of "Applicable Margin" in Section 1.10 of the Loan Agreement is hereby amended by deleting the table in such Section in its entirety and replacing it with the following: "Tier Monthly AverageExcess Availability Applicable Margin forPrime Rate Loans Applicable Margin forEurodollar Rate Loans Applicable L/CRate Tier 1 $40,000,000 or greater .25 % 1.75 % 1.75 % Tier 2 Less than $40,000,000 and greater than or equal to $20,000,000 ... .50 % 2.00 % 2.00 % Tier 3 Less than $20,000,000 .75 % 2.25 % 2.25 %" View More

Applicable Margin. As of any date of determination and with respect to Revolving Loans that are Base Rate Loans or LIBOR Rate Loans, as applicable, the applicable margin set forth in the following table that corresponds to the Average Excess Availability of Borrowers for the most recently completed month; provided, that for the period from June 1, 2016 through and including August 31, 2016, the Applicable Margin shall be set at the margin in the row styled 'Level III'; provided further, that any time an Event of... Default has occurred and is continuing, the Applicable Margin shall be set at the margin in the row styled 'Level III'. View More

Applicable Margin. Total Commitments Utilization Grid Total Commitments Utilization Percentage < 25% > 25% < 50% > 50% < 75% > 75% < 90% > 90 % Eurodollar Loans 2.000% 2.250% 2.500% 2.750% 3.000 % ABR Loans 1.000% 1.250% 1.500% 1.750% 2.000 % Undrawn Facility Fee Rate 0.375% 0.375% 0.500% 0.500% 0.500 %