Applicable Rate

Applicable Rate. Means, for any day (a) with respect to any Tranche B-2 Term Loan, (i) 0.75%, in the case of an ABR Loan, or (ii) 1.75%, in the case of a Eurodollar Loan, and (b) with respect to any ABR Loan or Eurodollar Loan that is a Tranche B-1 Term Loan or Revolving Loan, as the case may be, the applicable rate per annum set forth below under the caption "Tranche B-1 Term Loan ABR Spread", "Tranche B-1 Term Loan Eurodollar Spread", "Revolving Loan ABR Spread" or "Revolving Loan Eurodollar Spread", as the... case may be, based upon, with respect to a Tranche B-1 Term Loan, the Net Leverage Ratio or, with respect to a Revolving Loan, the Leverage Ratio, in each case, as of the most recent determination date: Applicable Rates for Tranche B-1 Term Loans Net Leverage Ratio: Tranche B-1 Term Loan ABR Spread Tranche B-1 Term Loan Eurodollar Spread Category 1 Ratio is greater than 4.25 to 1.00 1.25 % 2.25 % Category 2 Ratio is less than or equal to 4.25 to 1.00 but greater than 3.50 to 1.00 1.25 % 2.25 % Category 3 Ratio is less than or equal to 3.50 to 1.00 but greater than 3.00 to 1.00 1.25 % 2.25 % Category 4 Ratio is less than or equal to 3.00 to 1.00 but greater than or equal to 2.25 to 1.00 1.25 % 2.25 % Category 5 Ratio is less than 2.25 to 1.00 1.00 % 2.00 % Applicable Rates for Revolving Loans Leverage Ratio: Revolving Loan ABR Spread Revolving Loan Eurodollar Spread Category 1 Ratio is greater than 4.25 to 1.00 2.75 % 3.75 % Category 2 Ratio is less than or equal to 4.25 to 1.00 but greater than 3.50 to 1.00 2.50 % 3.50 % Category 3 Ratio is less than or equal to 3.50 to 1.00 but greater than 3.00 to 1.00 2.25 % 3.25 % Category 4 Ratio is less than or equal to 3.00 to 1.00 but greater than or equal to 2.25 to 1.00 1.75 % 2.75 % Category 5 Ratio is less than 2.25 to 1.00 1.75 % 2.75 % 2 For purposes of the foregoing, (i) the Net Leverage Ratio or Leverage Ratio, as applicable, shall be determined as of the end of each fiscal quarter of the Borrower's fiscal year based upon the Borrower's consolidated financial statements delivered pursuant to Section 5.01(a) or (b) or, in the case of a fiscal quarter of any fiscal year, a Pricing Certificate, and (ii) each change in the Applicable Rate resulting from a change in the Net Leverage Ratio or Leverage Ratio, as applicable, shall be effective during the period commencing on and including the date that is three Business Days after the date of delivery to the Administrative Agent of such consolidated financial statements or Pricing Certificate indicating such change and ending on the date immediately preceding the effective date of the next such change, provided that the Net Leverage Ratio or Leverage Ratio, as applicable, shall be deemed to be in Category 1, at the option of the Administrative Agent or at the request of the Required Lenders, (A) at any time that an Event of Default has occurred and is continuing or (B) if the Borrower fails to deliver the consolidated financial statements required to be delivered by it pursuant to Section 5.01(a) or (b), during the period from the expiration of the time for delivery thereof until the third Business Day after such consolidated financial statements are delivered. View More

Applicable Rate. Means (a) at any time prior to the First Incremental Amendment Closing Date, 11.0% per annum, and (b) at any time on or after the First Incremental Amendment Closing Date, 9.0% per annum, in each case subject to adjustment in accordance with Section 2.08(b).

Applicable Rate. Notwithstanding the foregoing, for the period beginning on the Amendment No. 2 Effective Date and ending March 31, 2012, the "Eurodollar Applicable Rate" shall be 5.50% and the "ABR Applicable Rate" shall be 4.50%.

Applicable Rate. Means, as applicable, (i) the Prime Rate plus the Prime Rate Margin or (ii) the Libor Rate plus the Libor Rate Margin.

Applicable Rate. Means, for any day, with respect to any ABR Loan or Eurodollar Revolving Loan, or with respect to the commitment fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption "ABR Spread", "Eurodollar Spread" or "Commitment Fee Rate", as the case may be: ABR Spread Eurodollar Spread Commitment Fee Rate ... Revolving Loan 1.25 % 3.25 % .375 % Term Loan 2.00 % 3.75 % View More

Applicable Rate. Means the following percentages per annum, based upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(b): Pricing Level Consolidated Leverage Ratio Commitment Fee (bps) Applicable Rate forEurocurrency RateLoans (bps) Letter of Credit Fee (bps) Applicable Rate forBase Rate Loans (bps) I Less than or equal to 1.00 to 1.00 25.0 200.0 200.0 75.0 ... II Less than or equal to 2.00 to 1.00 but greater than 1.00 to 1.00 30.0 225.0 225.0 100.0 III Less than or equal to 2.50 to 1.00 but greater than 2.00 to 1.00 35.0 275.0 275.0 150.0 IV Greater than 2.50 to 1.00 40.0 325.0 325.0 200.0 Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(b); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then Pricing Level IV shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered. The Applicable Rate in effect from the Second Amendment Effective Date until receipt by the Administrative Agent of the Borrower's Compliance Certificate delivered after the Second Amendment Effective Date shall be determined based upon Pricing Level II. 2 View More

Applicable Rate. A per annum rate equal to the "Prime Rate" plus four percent (4.0%).

Applicable Rate. (a) for the Portion bearing interest based upon the Base Rate, the Base Rate plus the Applicable Margin, provided, however, in no event shall the Applicable Rate for such Portion ever be less than the Minimum Rate (as herein defined), and (b) for the Portion bearing interest based upon LIBOR, LIBOR plus the Applicable Margin, provided, however, in no event shall the Applicable Rate for such Portion ever be less than the Minimum Rate.

Applicable Rate. Applicable Rate means, for any day, with respect to any ABR Loan or Eurodollar Loan, or with respect to the facility fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption "ABR Spread", "Eurodollar Spread" or "Facility Fee Rate", as the case may be: ABRSpread EurodollarSpread Facility FeeRate 0.750% 1.750 % 0.250 %

Applicable Rate. One percent (1%) per annum