Applicable Margin

Applicable Margin. 3.50% per annum, until Stabilization occurs and then 2.60% per annum

Applicable Margin. Means 2.50% for LIBOR Rate Loans, 1.50% for Base Rate Loans advanced prior to the First Amendment Effective Date, and 1.75% for Base Rate Loans advanced on or after the First Amendment Effective Date

Applicable Margin. In the case of (a) ABR Loans, 0.00% per annum, and (b) LIBOR Loans, 1.00% per annum.

Applicable Margin. Means: (a) with respect to Revolving Loans: (i) 3.75% from the Closing Date through the date immediately preceding the First Amendment Effective Date, and (ii)5.75% from and after the First Amendment Effective Date; provided, however, if all of the Applicable Margin Reduction Conditions have been satisfied, the Applicable Margin will be reduced to 3.75%; and (b) with respect to Term Loan: (i) 4.50% from the Closing Date through the date immediately preceding the First Amendment Effective Date,... and (ii)6.50% from and after the First Amendment Effective Date; provided, however, if all of the Applicable Margin Reduction Conditions have been satisfied, the Applicable Margin will be reduced to 4.50%; and (c) with respect to all other Obligations: (i) 4.50% from the Closing Date through the date immediately preceding the First Amendment Effective Date, and (ii)6.50% from and after the First Amendment Effective Date; provided, however, if all of the Applicable Margin Reduction Conditions have been satisfied, the Applicable Margin will be reduced to 4.50%. View More

Applicable Margin. (a) on any date that is prior to the Second Amendment Effective Date (i) prior to the occurrence of any Event of Default, 2.00% per annum and (ii) on and after the occurrence of any Event of Default, 4.00%, (b) on and after the Second Amendment Effective Date but prior to the Fourth Amendment Effective Date, (i) prior to the occurrence of any Event of Default, 2.05% per annum and (ii) on and after the occurrence of any Event of Default, 4.05%, and (c) thereafter, (i) prior to the occurrence of... any Event of Default, 2.25% per annum and (ii) on and after the occurrence of any Event of Default, 4.25%. View More

Applicable Margin. Means with respect to Receivables owed by each Approved Obligor, the rate per annum set forth under the heading "Applicable Margin" for such Approved Obligor on Schedule A, as may be as adjusted from time to time as mutually agreed in writing (which may be via email or in any Purchase Request) by the Seller Representative and the Purchaser.

Applicable Margin. (i) replacing the table set forth therein in its entirety to read as follows: Pricing TierConsolidated Net Leverage RatioEurodollar Rate Loans and Letter of Credit FeeBase Rate LoansCommitment FeeIGreater than 3.50:1.002.25%1.25%0.45%IILess than or equal to 3.50:1.00 but greater than 3.00:1.001.75%0.75%0.35%IIILess than or equal to 3.00:1.00 but greater than 2.00:1.001.50%0.50%0.30%IVLess than or equal to 2.00:1.00 but greater than 1.00:1.001.25%0.25%0.25%VLess than or equal to... 1.00:1.001.00%0.00%0.20%and (ii) the paragraph after the table is amended by replacing "Tier II" with "Tier III" in the second to last sentence therein. View More

Applicable Margin. The definition of "Applicable Margin" is hereby amended and restated in its entirety to read as follows:"Applicable Margin" means, for any day, the applicable rate per annum set forth below as determined based upon the Borrowing Base Utilization Percentage then in effect:Borrowing Base Utilization Percentage<25%>25% and <50%>50% and <75%>75% and <90% >90%Eurodollar Loans2.75%3.00%3.25%3.50%3.75%ABR Loans1.75%2.00%2.25%2.50%2.75%Commitment Fee Rate0.50%0.50%0.50%0.50%0.50% Each change in the Applicable Margin shall...riod commencing on the effective date of such change in the Borrowing Base Utilization Percentage and ending on the date immediately preceding the effective date of the next such change; provided that, if at any time when the Applicable Margin is determined based on Borrowing Base Utilization Percentage the Borrower fails to deliver a Reserve Report pursuant to Section 8.11(a), then beginning on the date that is 30 calendar days from the date of such failure and until such Reserve Report is delivered, the "Applicable Margin" shall mean the rate per annum set forth on the grid when the Borrowing Base Utilization Percentage is at its highest level. It is understood that this definition of "Applicable Margin" shall be effective as of the Fifth Amendment Effective Date and shall apply as of the Fifth Amendment Effective Date, and that the prior definition of "Applicable Margin" applies at all times prior to the Fifth Amendment Effective Date. View More

Applicable Margin. With respect to each day for each Type of Loan, the rate per annum based on the Ratings in effect on such day, as set forth under the relevant column heading below: Ratings Applicable Margin for Eurodollar Loans Applicable Margin for ABR Loans Rating I 0.85% 0.00% Rating II 1.10% 0.10% Rating III 1.50% 0.50%

Applicable Margin. By adding the following sentence to the end of the definition of Applicable Margin: "Effective the Fifth Amendment Effective Date and thereafter until the Borrower has delivered an officer's certificate pursuant to Section 9.1(c) demonstrating a Current Ratio of not less than 1.00 to 1.00, the rates per annum in the above Borrowing Base Utilization Grid for LIBOR Loans and ABR Loans shall each be deemed increased by 0.25% over the rates set forth in such Borrowing Base Utilization Grid."