LIBOR Rate Margin

LIBOR Rate Margin. Shall mean, (i) two and three-quarters percent (2-3/4%) per annum, effective on the first day of the month following the month in which Bank receives a Financial Statement (as such term is defined in the Amended and Restated Loan Agreement) from Debtor demonstrating that the ratio of Debtor's Funded Indebtedness to EBITDA for the fiscal period covered thereby was greater than 2.25 to 1.00, (ii) two and forty-five one hundredths percent (2.45%) per annum, effective on the first day of the month... following the month in which Bank receives a Financial Statement from Debtor demonstrating that the ratio of Debtor's Funded Indebtedness to EBITDA for the fiscal period covered thereby was less than or equal to 2.25 to 1.00 but greater than 1.50 to 1.00 and (iii) two percent (2%) per annum, effective on the first day of the month following the month in which Bank receives a Financial Statement from Debtor demonstrating that the ratio of Debtor's Funded Indebtedness to EBITDA for the fiscal period covered thereby was less than or equal to 1.50 to 1.00; provided, however, that (x) if at any time there exists an Event of Default under the Amended and Restated Loan Agreement, or any event which, with notice or the lapse of time, or both, would become an Event of Default under the Amended and Restated Loan Agreement or (y) if Debtor fails to deliver any Financial Statement to Bank within the required time period set forth in the Amended and Restated Loan Agreement, then the ratio of Debtor's Funded Indebtedness to EBITDA shall be deemed to be greater than 2.25 to 1.00 until such Event of Default or unmatured Event of Default is cured or otherwise waived by Bank or such Financial Statement is delivered to Bank, as the case may be; and provided further, however, that the LIBOR Rate Margin shall never be a negative number. View More

LIBOR Rate Margin. Shall mean one of the following margins determined based on the ratio of Borrowers' Total Funded Indebtedness to EBITDA from time to time: Ratio of Total Funded Indebtedness LIBOR Rate to EBITDA Margin ----------------------------------------------- ------ greater than or equal to 3.5 to 1.0 275 basis points less than 3.5 to... 1.0, but greater than or equal to 3.0 to 1.0 250 basis points less than 3.0 to 1.0, but greater than or equal to 2.50 to 1.0 225 basis points less than 2.5 to 1.0, but greater than or equal to 2.0 to 1.0 200 basis points less than 2.0 to 1.0, but greater than or equal to 1.5 to 1.0 175 basis points less than 1.5 to 1.0 150 basis points The LIBOR Rate Margin shall be determined on a quarterly basis upon the receipt, review and approval by Agent of Borrowers' financial statements for such quarter, which financial statements shall include, inter alia, a calculation of Borrowers' Total Funded Indebtedness to EBITDA as of the end of such quarter. Any change in the LIBOR Rate Margin shall be effective on the date of receipt of the foregoing financial statements. If Borrowers fail to deliver to Agent the foregoing financial statements, the LIBOR Rate Margin shall be highest margin set forth above. View More

LIBOR Rate Margin. Means the amount determined to be in effect from time to time using the chart set forth below. The initial LIBOR Rate Margin will be determined at the Supplemental Closing Date using the Leverage Ratio calculated by reference to the consolidated financial statements of VSE most recently received by the Lender. Commencing on the date following the Supplemental Closing Date when the Lender receives the consolidated financial statements of VSE in accordance with this Agreement and on each such... date thereafter, the LIBOR Rate Margin will be reset based on the Leverage Ratio calculated by reference to such consolidated financial statements. LIBOR Rate Margin Leverage Ratio ----------------- -------------- 1.25% Less than 1.0 to 1.0 1.75% Equal to or greater than 1.0 to 1.0 but less than 2.0 to 1.0 2.00% Equal to or greater than 2.0 to 1.0 In the event VSE fails to provide such consolidated financial statements when due, the LIBOR Rate Margin shall be 2.00% until such time as such consolidated financial statements are submitted as required by this Agreement. View More

LIBOR Rate Margin. 1.25%. -------------------

LIBOR Rate Margin. Means 3.00 percentage points.

LIBOR Rate Margin. Is two and one-half of one percent (2.5%).

LIBOR Rate Margin. Means the percentage shown below in the right hand column, as applicable: When Funded Debt to EBITDA is: Spread % • greater than 5.00:1.00 plus 2.85% • less than or equal to 5.00 to 1.00 plus 2.70% but greater than 4.50:1.00 • less than or equal to 4.50:1.00 plus 2.45% but greater than 4.00:1.00 ... • less than or equal to 4.00:1.00 plus 2.20% but greater than 3.00:1.00 • less than or equal to 3.00:1.00 plus 1.95% For purposes of the LIBOR Rate Margin, the above covenant shall be tested and measured quarterly on a trailing four (4) quarters basis. View More

LIBOR Rate Margin. Four and four tenths percent (4.4%) per annum.