Applicable Margin

Applicable Margin. Means the amount set forth below, as a percentage, to be added to the Prime Rate or the Libor Rate, as the case may be, and used in calculating the rate of interest for an applicable Loan at any time: APPLICABLE MARGIN ---------------------- MARGIN RATIO Prime Rate Libor Rate -------------- ---------- ... ---------- Greater than 4.00 to 1.00 1.00 3.25 Greater than 3.50 to 1.00 and less than or equal to 4.00 to 1.00 0.75 3.00 Greater than 3.00 to 1.00 and less than or equal to 3.50 to 1.00 0.50 2.75 Greater than 2.50 to 1.00 and less than or equal to 3.00 to 1.00 0.25 2.50 Less than or equal to 2.50 to 1.00 0.00 2.25 View More

Applicable Margin. Means, in the case of (a) Revolving Loans and Existing Term Loans, for Loans of each type, the applicable percentage set forth below such type of Loan and corresponding to the relevant Total Debt to EBITDA Ratio: Total Debt Applicable Applicable to EBITDA Ratio Margin for LIBO Rate Loans Margin for Base Rate Loans ... greater than or equal to 5.0:1 3.50% 2.25% greater than or equal to 4.0:1 but less 3.25% 2.00% than 5.0:1 greater than or equal to 3.0:1 but less 2.75% 1.50% than 4.0:1 less than 3.0:1 2.25% 1.00% (b) Additional Term Loans, maintained as a (i) LIBO Rate Loan, 3.75% per annum and (ii) Base Rate Loan, 2.75% per annum; and (c) Second Additional Term Loans, maintained as a (i) LIBO Rate Loan, 4.0% per annum and (ii) Base Rate Loan, 3.0% per annum. If the Borrower shall fail to deliver a Compliance Certificate for a given Fiscal Quarter within the time required by clause (d) of Section 7.1.1, or if any Event of Default shall have occurred and be continuing, then the Applicable Margin for the period from the 46th day after the first day of such Fiscal Quarter (or, in the case of the fourth Fiscal Quarter, the 91st day) through (but excluding) the date such Compliance Certificate is delivered shall conclusively equal the highest Applicable Margin set forth above for the Fiscal Quarter during which the Compliance Certificate was not timely delivered. Any reduction in the Applicable Margin shall be effective beginning on the date that is three days following the date on which the Administrative Agent receives the Borrower's Compliance Certificate pursuant to clause (d) of Section 7.1.1. If the Applicable Margin is required to be increased as a result of an increase in the most recently determined Total Debt to EBITDA Ratio, such higher Applicable Margin shall be effective as of and retroactive to the first day of the Fiscal Quarter in which such Compliance Certificate was required to be delivered. 3 View More

Applicable Margin. Shall mean: (a) during the period from the Closing Date through and including the Adjustment Date occurring with respect to the delivery of the consolidated financial statements of the Company and its Subsidiaries for the fiscal period ending June 30, 1997, (i) with respect to Alternate Base Rate Loans, 1/2% per annum and (ii) with respect to all other Loans, 1-1/2% per annum; and (b) thereafter, for the period... commencing with any Adjustment Date (other than as described below) and ending on the day immediately preceding the next succeeding Adjustment Date, the Applicable Margin shall be the rate per annum set forth below for the relevant type of Loan opposite the Leverage Ratio for such period: 2 Alternate Base Rate Loans not contituting Period Local Loans Other Loans Leverage Ratio is greater than 5.75 to 1.0 3% 4% Leverage Ratio is greater than 5.25 to 2-3/4% 3-3/4% 1.0, but less than or equal to 5.75 to 1.0 Leverage Ratio is greater than 4.75 to 2-1/2% 3 1/2% 1.0, but less than or equal to 5.25 to 1.0 Leverage Ratio is greater than 4.50 to 2-1/4% 3-1/4% 1.0, but less than or equal to 4.75 to 1.0 Leverage Ratio is less than or equal to 2% 3% 4.50 to 1.0 ; provided, however, for the period beginning on the Seventh Amendment Effective Date and ending on the day immediately preceding the next succeeding Adjustment Date, the Applicable Margin shall be determined based on a Leverage Ratio of greater than 5.75 to 1.0; provided, further, that, in the event that the financial statements required to be delivered pursuant to subsection 13.1(a) and (c) are not delivered when due, then during the period from the date upon which such financial statements were required to be delivered until the date upon which they actually are delivered, the Leverage Ratio shall be deemed for purposes of this definition to be greater than 5.75 to 1.0; View More

Applicable Margin. Means (A) with respect to the Term A Loans maintained as (i) Base Rate Loans, 1.15% per annum and (ii) Eurodollar Rate Loans, 2.15% per annum; (B) with respect to the Term B Loans maintained as (i) Base Rate Loans, 0.20% per annum and (ii) Eurodollar Rate Loans, 1.20% per annum; and (C) with respect to the Term C Loans maintained as (i) Base Rate Loans, the difference between the Base Rate and 22% per annum and (ii) Eurodollar Rate Loans, the difference between the Eurodollar Rate and 22% per... annum. View More

Applicable Margin. At any time, as to the interest rate for Prime Rate Loans and the interest rate for Eurodollar Rate Loans, the applicable percentage (on a per annum basis) set forth below if the Quarterly Average Excess Availability of Borrowers for the immediately preceding fiscal quarter is at or within the amounts indicated for such percentage: Applicable Applicable Quarterly Average Prime Rate Eurodollar Rate Tier... Excess Availability Margin Margin - ---- ------------------------------------ ---------- --------------- (i) Equal to or greater than $15,000,000 0% 2.25% (ii) Less than $15,000,000 and equal to .50% 2.75% or greater than $10,000,000 (iii) Less than $10,000,000 and equal to .75% 3.00% or greater than $5,000,000 (iv) Less than $5,000,000 1.00% 3.25% provided, that, the Applicable Margin shall be calculated and established once each fiscal quarter and shall remain in effect until adjusted thereafter during the next fiscal quarter. View More

Applicable Margin. Means (x) with respect to Revolving Loans and Tranche A Term Loans, 2.50% if such Loans are Base Rate Loans and 3.50% if such Loans are Eurodollar Rate Loans, (y) with respect to Tranche B Term Loans shall be 3.00% if such Loans are Base Rate Loans and 4.00% if such Loans are Eurodollar Rate Loans, and (z) with respect to the Commitment Fee shall be 0.50%; provided, that if the Company has not received and applied -------- in accordance with... Section 2.4B(iii)(a) Net Cash Proceeds from an Asset Sale in an amount equal to at least $90,000,000 during the period from February 1, 2001 through June 30, 2001, "Applicable Margin" shall mean, for the period beginning July 1, 2001 and ending on the date the Company receives such Net Cash Proceeds, (x) with respect to Revolving Loans and Tranche A Term Loans, 2.75% 2 if such Loans are Base Rate Loans and 3.75% if such Loans are Eurodollar Rate Loans, (y) with respect to Tranche B Term Loans shall be 3.25% if such Loans are Base Rate Loans and 4.25% if such Loans are Eurodollar Rate Loans, and (z) with respect to the Commitment Fee shall be 0.50%. View More

Applicable Margin. Means, as applicable, a margin of (i) Two and One Fourth Percent (2.25%) over the 1 Year TCMI, (ii) Two and One Half Percent (2.50%) over the 3 Year TCMI, and (iii) Two and Three Fourths Percent (2.75%) over the 5 Year TCMI.

Applicable Margin. Means 165 basis points (1.65%) per annum.

Applicable Margin. Means (a) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is (a) less than 1.6 times the Combined Debt Amount, the Applicable Margin shall be (i) with respect to any ABR Loan, 1.125% per annum; and (ii) with respect to any Term Benchmark Loan or RFR Loan, 2.125% per annum; and (b) equal to or greater than 1.6 times the Combined Debt Amount, the Applicable Margin shall be (i) with respect to any ABR Loan, 1.000% per annum; and (ii) with respect to any Term... Benchmark Loan or RFR Loan, 2.000% per annum; provided, however, to the extent the Borrower does not have an investment grade rating from any nationally recognized rating agency on the twenty-one-month anniversary of the Effective Date, the otherwise applicable Applicable Margin shall be increased by 0.125% per annum until such rating is obtained. View More

Applicable Margin. Means, for any day, the rate per annum set forth below, it being understood that the Applicable Margin for (i) SOFR Loans shall be the percentage set forth under the column "SOFR 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": SOFR Margin... (Revolving Loans) SOFR Margin (Term Loan) Base Rate Margin (Revolving Loans) Base Rate Margin (Term Loan) Non-Use Fee Rate L/C Fee Rate 1.75% N.A. -1.00 N.A. 0.25% 1.00% 1 View More