Applicable Margin

Applicable Margin. Means four percent (4.0%) per annum.

Applicable Margin. Shall be amended by deleting the percentage "3.50%" and inserting the percentage "4.00%" in lieu thereof.

Applicable Margin. Shall mean (i) in the case of Alternative Base Rate Loans, 1.25% per annum and (ii) in the case of Eurodollar Loans, 2.25% per annum.

Applicable Margin. Shall be determined quarterly based upon the ratio of Funded Debt to EBITDA (calculated as of the last day of each Fiscal Quarter), as follows: Ratio of Funded Debt to EBITDA Base Rate Loans Euro-Dollar Loans ------------------------------ --------------- ----------------- Greater than or equal to 5.5 to 1.0 0% 3.75% Greater than or equal to 5.0 to 1.0 but less than 5.5 to 1.0 ... 0% 3.25% Greater than or equal to 4.5 to 1.0 but less than 5.0 to 1.0 0% 2.75% Greater than or equal to 4.0 to 1.0 but less than 4.5 to 1.0 0% 2.50% Greater than or equal to 3.5 to 1.0 but less than 4.0 to 1.0 0% 2.25% Greater than or equal to 3.0 to 1.0 but less than 3.5 to 1.0 0% 2.00% Less than 3.0 to 1.0 0% 1.75% The Applicable Margin shall be determined effective as of the date (herein, the "Rate Determination Date") which is 60 days after the last day of the Fiscal Quarter as of the end of which the foregoing ratio is being determined, based on the quarterly financial statements of the Borrower for such Fiscal Quarter, and the Applicable Margin so determined shall remain effective from such Rate Determination Date until the date which is 60 days after the last day of the Fiscal Quarter in which such Rate Determination Date falls (which latter date shall be a new Rate Determination Date); provided that (i) for the period from and including the Effective Date to but excluding the Rate Determination Date next following the Effective Date, the Applicable Margin shall be 0% for Base Rate Loans and 3.25% for Euro- Dollar Loans (ii) in the case of any Applicable Margin determined for the fourth and final Fiscal Quarter of a Fiscal Year, the Rate Determination Date shall be the date which is 120 days after the last day of such final Fiscal Quarter and such Applicable Margin shall be determined based upon the annual audited financial statements of the Borrower for the Fiscal Year ended on the last day of such final Fiscal Quarter, and (iii) if on any Rate Determination Date the Borrower shall have failed to deliver to the Banks the financial statements required to be delivered pursuant to Section 5.01(a) or Section 5.01(b) with respect to the Fiscal Year or Fiscal Quarter, as the case may be, most recently ended prior to such Rate Determination Date, then for the period beginning on such Rate Determination Date and ending on the immediately succeeding Rate Determination Date, the Applicable Margin shall be determined as if the ratio of Funded Debt to EBITDA was more than 5.5 to 1.0 at all times during such period. Any change in the Applicable Margin on any Rate Determination Date shall result in a corresponding change, effective on and as of such Rate Determination Date, in the interest rate applicable to each Loan outstanding on such Rate Determination Date, provided that no Applicable Margin shall be decreased pursuant to this Section 2.05 if a Default is in existence on the Rate Determination Date. View More

Applicable Margin. The percentage set forth below corresponding to the loan to value ratio in effect at such time: - ----------------------------------------------------------------------------- Level Loan to Value Ratio Applicable Margin for LIBOR Rate Loans - ----------------------------------------------------------------------------- 1 or = 0.50 to 1.00 1.20% -...- ----------------------------------------------------------------------------- 2 > 0.50 to 1.00 and < or = 0.60 to 1.00 1.35% - ----------------------------------------------------------------------------- 3 > 0.60 to 1.00 1.50% - ----------------------------------------------------------------------------- The Applicable Margin shall be determined by the Bank from time to time, based on the loan to value ratio as determined by Bank in its sole discretion. View More

Applicable Margin. The definition of "Applicable Margin" set forth in subsection 1.1 of the Credit Agreement is hereby amended as follows: (a) The Applicable Margin for US Tranche B Term Loans is hereby amended by deleting the figures "2.00%" set forth under the column heading Base Rate Loans and "3.00%" set forth under the column heading Eurocurrency Loans and B/As and substituting in lieu thereof the figures... "2.25%" and "3.25%", respectively. 2 (b) The first proviso clause is hereby deleted and replaced with the following: ; provided that in the event that the Leverage Ratio, as most recently determined in accordance with subsection 8.1(b), is as set forth in the relevant pricing grid and column heading below for any quarterly period and so long as no Event of Default has occurred and is then continuing, any such Applicable Margin with respect to (i) US Tranche A Term Loans, English Term Loans, US Sterling Term Loans and Revolving Credit Loans (including Swing Line Loans) and Commitment Fee shall be as provided in the relevant column heading of Pricing Grid I and (ii) US Tranche B Term Loans shall be as provided in the relevant column heading of Pricing Grid II, as provided below: (c) Immediately preceding the pricing grid, the phrase "Pricing Grid I" shall be inserted. (d) The first two tiers in Pricing Grid I are deleted and replaced with the following: Applicable Margin for Applicable Applicable Eurocurrency Margin for Margin for Leverage Ratio Loans or B/As Base Rate Loans Commitment Fee - -------------- ------------- --------------- -------------- greater than 5.00 to 1.00 3.25% 2.25% 0.50% less than or equal to 5.00 to 1.00 3.00% 2.00% 0.50% but greater than 4.50 to 1.00 less than or equal to 4.50 to 1.00 2.50% 1.50% 0.50% but greater than 4.00 to 1.00 (e) Directly below Pricing Grid I, the phrase "Pricing Grid II" shall be inserted and followed by: Applicable Margin for Applicable Eurocurrency Margin for Leverage Ratio Loans or B/As Base Rate Loans -------------- ------------- ------------------------ Greater than 5.00 to 1.00 3.50% 2.50% less than or equal to 5.00 to 1.00 3.25% 2.25% (f) The paragraph set forth under Pricing Grid II is hereby amended by (i) deleting the phrase "and" which appears after "US Sterling Term Loans" and 3 substituting therefore a comma and (ii) adding the phrase "and the US Tranche B Term Loans" after the phrase "US Tranche A Term Loans". (g) Clause (a) is hereby amended by (i) deleting the phrase "and" which appears after "US Sterling Term Loans" and substituting therefore a comma and (ii) adding the phrase "and the US Tranche B Term Loans" after the phrase "US Tranche A Term Loans". (h) Clause (c) is hereby amended by (i) deleting the figures "2.50%" and "1.50%" are substituting in lieu thereof the figures "3.25%" and "2.25%", respectively, (ii) inserting "(i)" immediately preceding the phrase "Revolving Credit Loans" and (iii) inserting the following after the phrase "subsection 2.3": and (ii) US Tranche B Term Loans shall be 3.50% in the case of Eurocurrency Loans and 2.50% in the case of Base Rate Loans View More

Applicable Margin. Shall mean, with respect to each type of Loan, letter of credit fees and facility fees, for the fiscal quarter commencing immediately following the delivery of a Compliance Certificate pursuant to the last sentence of Section 9.01 hereof, the percentage per annum set forth in the schedule immediately below opposite the EBITDA to Interest Expense Ratio as at the last day of the Computation Period of the Company covered by such Compliance Certificate. I. Loans ... Applicable Margin EBITDA to Canadian Canadian Interest Base Rate Floating Eurodollar Discount Expense Ratio Loans Rate Loans Loans Rate Loans ------------- --------- ---------- ---------- ---------- Level I Period Level II Period Level III Period Intentionally Omitted Level IV Period Level V Period Level VI Period Level VII Period II. Fees Applicable Margin EBITDA to Interest Letter of Expense Ratio Credit Fees Facility Fees ------------- ----------- ------------- Level I Period Level II Period Level III Period Level IV Period Intentionally Omitted Level V Period Level VI Period Level VII Period provided that, if the Company shall fail to deliver the financial statements and the accompanying Compliance Certificate within the time periods specified in Section 9.01 hereof, the Applicable Margin shall be at the numerical Level one higher than the current Level (or, if the current Level is the Level VII Period, the Applicable Margin shall remain at the Level VII margin) for the fiscal quarter commencing immediately following the date by which such Compliance Certificate should have been so delivered. Notwithstanding anything in the foregoing to the contrary, for the fiscal quarters of the Company ending on March 31, 2002 and June 30, 2002, the Level for purposes of determining the Applicable Margin shall be not less than the Level IV Period. 2 View More

Applicable Margin. Appearing in SECTION 1.1 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: -------------------------------------------------------------------------------------- Applicable Margins for -------------------------------------------------------------------------------------- ... Total Debt to Eurodollar Prime Commitment EBITDA Ratio Loans Rate Loans Fee -------------------------------------------------------------------------------------- $2.50 to 1.00 1.75% 0% 0.375% -------------------------------------------------------------------------------------- SIXTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT - Page 1 -------------------------------------------------------------------------------------- $2.00 to 1.00 and less than 2.50 to 1.375% 0% 0.250% -------------------------------------------------------------------------------------- $1.50 to 1.00 and less than 2.00 to 1.125% 0% 0.250% -------------------------------------------------------------------------------------- less than 1.50 to 1.00 0.875% 0% 0.250% -------------------------------------------------------------------------------------- View More

Applicable Margin. The sum of (i) 0.50% per annum, (ii) the Facility Fee Rate, (iii) the Euro-Dollar Margin, and (iv) the Utilization Fee Rate.

Applicable Margin. Means: (a) From and after the Second Amendment Effective Date until the first Adjustment Date after the Second Amendment Effective Date, the percentages set forth in Level III of the Pricing Grid below; and (b) On the first day of each January, April, July and October of each year (each, an "Adjustment Date"), commencing July 1, 2007, the Applicable Margin shall be determined from such Pricing Grid based upon Average Daily Availability for the... most recently ended three month period immediately preceding such Adjustment Date; provided that, upon the occurrence of an Event of Default, upon written notice from the Administrative Agent, the Applicable Margin shall be immediately increased to that set forth in Level I (even if the Average Daily Availability requirements for a different Level have been met) and interest shall accrue at the Default Rate. --------------------- ---------------------------------- Level Average Daily LIBO Applicable Prime Rate Availability Margin Applicable Margin --------------------- ---------------------------------- I Less than or 1.50% 0% equal to $85,000,000 --------------------- ---------------------------------- II Greater than 1.25% 0% $85,000,000 but less than or equal to $160,000,000 --------------------- ---------------------------------- III Greater than 1.00% 0% $160,000,000 but less than or equal to $245,000,000 --------------------- ---------------------------------- IV Greater than 0.75% 0% $245,000,000 --------------------- ---------------------------------- 2 View More