Applicable Margin

Applicable Margin. (a) with respect to Initial Term Loans, (i) 0.75% in the case of Base Rate Loans and (ii) 1.75% in the case of Eurodollar Loans

Applicable Margin. The applicable margin per annum provided for in Section 5.1(a) with respect to any Loan (the "Applicable Margin") shall be based upon the table set forth below and shall be determined and adjusted quarterly on the date (each a "Calculation Date") ten (10) Business Days after the date by which the Borrower is required to provide an Officer's Compliance Certificate for the most recently ended fiscal quarter of the Borrower; provided, however, that... if the Borrower fails to provide the Officer's Compliance Certificate as required by Section 8.2 for the most recently ended fiscal quarter of the Borrower preceding the applicable Calculation Date, the Applicable Margin from such Calculation Date shall be based on Pricing Level I (as shown below) until such time as an appropriate Officer's Compliance Certificate is provided, at which time the Pricing Level shall be determined by reference to the Leverage Ratio as of the last day of the most recently ended fiscal quarter of the Borrower preceding such Calculation Date. The Applicable Margin shall be effective from one Calculation Date until the next Calculation Date. Any adjustment in the Applicable Margin shall be applicable to all Advances then existing or subsequently made or issued. View More

Applicable Margin. For each period commencing on an Adjustment Date through the date immediately preceding the next Adjustment Date (each a "Rate Adjustment Period"), the Applicable Margin with respect to each Revolving Credit Loan and with respect to the Unused Line Fee shall be the applicable percentage set forth below with respect thereto, based upon the Pricing Tier determined as set forth below with respect to the applicable average daily amount of Availability during the fiscal quarter immediately preceding... such Adjustment Date and the EBITDA of the Borrower, determined on a Pro Forma Basis as of the end of the fiscal quarter of the Borrower immediately preceding such Adjustment Date for the four most recent fiscal quarters then ended: Pricing Tier EBITDA Average Availability < $3,500,000 3 $3,500,000 but< $5,500,000 3 $5,500,000 > $6,000,000 Tier 3 Tier 2 Tier 1 £ $6,000,000 Tier 3 Tier 2 Tier 2 The Applicable Margin associated with a Pricing Tier level is outlined in the following Grid: Pricing Tier Base RatePortion LIBOR Portion Unused Line Fee(p.a.) 3 0.25 %. 2.00 %. 0.30 %. 2 0.00 % 1.75 %. 0.25 % 1 -0.25 %. 1.50 %. 0.20 % Notwithstanding the foregoing, if the Borrower fails to deliver any Compliance Certificate when due pursuant to subsection 7.1.3 of the Agreement, then for the period commencing on the date such Compliance Certificate was due through the date such failure has been cured to Lender's satisfaction or waived by Lender, the Applicable Margin shall be that percentage corresponding to Pricing Tier 3 in the table above. View More

Applicable Margin. Means, with respect to each Loan, the margin set forth below if the Adjusted Funded Debt Ratio determined as of the most recent fiscal quarter is: - ------------------------------------------ ----------------- ------------------ ADJUSTED FUNDED DEBT RATIO LIBOR MARGIN BASE RATE MARGIN - ------------------------------------------ ----------------- ------------------ equal to or greater than 4.00 4.50% 3.50% -... ------------------------------------------ ----------------- ------------------ equal to or greater than 3.50, but less 4.00% 3.00% than 4.00 - ------------------------------------------ ----------------- ------------------ equal to or greater than 3.00, but less 3.50% 2.50% than 3.50 - ------------------------------------------ ----------------- ------------------ equal to or greater than 2.00, but less 2.50% 1.50% than 3.00 - ------------------------------------------ ----------------- ------------------ less than 2.00 1.75% 0.75% - ------------------------------------------ ----------------- ------------------ View More

Applicable Margin. Means, for any day, 1.35% per annum.

Applicable Margin. Means (a) prior to the Third Amendment Effective Date, the rate calculated in accordance with the Existing Credit Agreement as in effect immediately prior to the Third Amendment Effective Date, and (b) on and following the Third Amendment Effective Date, (i) with respect to the unpaid principal amount of each Revolving Loan maintained as a Base Rate Loan, 2.00% per annum and (ii) with respect to the unpaid principal amount of each Revolving Loan maintained as a LIBO Rate Loan, 3.00% per... annum. View More

Applicable Margin. Means: (a) with respect to any ABR Loan, 0.50% per annum; and (b) with respect to any Eurodollar Loan, 1.50% per annum.

Applicable Margin. Shall be equal to (i) 5.0% in the case of ABR Loans and (ii) 6.0% in the case of Eurodollar Loans. The Applicable Margin for an Incremental Term Loan Facility shall be as specified in the applicable Incremental Term Loan Assumption Agreement.

Applicable Margin. Means the rates for Prime Rate Loans and LIBO Loans set forth, below: Level Average Credit Extensions Prime RateLoans LIBO Loans Letter ofCredit Fee 1 Average Credit Extensions less than or equal to 60% of the lesser of (a) the Total Commitments, or (b) the Borrowing Base 0 % 1.00 % 0.50 % 2 Average Credit Extensions greater than 60% but less than or equal to 80% of the lesser of (a) the Total Commitments, or (b) the Borrowing Base 0 % ... 1.25 % 0.625 % 3 Average Credit Extensions greater than 80% of the lesser of (a) the Total Commitments, or (b) the Borrowing Base 0.25 % 1.50 % 0.75 % The Applicable Margin shall be adjusted quarterly as of the first day of each Fiscal Quarter, based upon the Average Credit Extensions for the immediately preceding Fiscal Quarter. Upon the occurrence of an Event of Default, at the option of the Administrative Agent or at the direction of the Required Lenders, interest shall be determined in the manner set forth in SECTION 2.11. View More

Applicable Margin. Means, for any day, (a) with respect to Base Rate Advances, 1.75%, and (b) with respect to Eurodollar Advances, 2.75%.