Prime Rate Margin

Prime Rate Margin. Means zero percent (0.0%).

Prime Rate Margin. Shall mean (a) zero percent (0%) if the average daily principal balance of Revolving Loans during the immediately preceding calendar 3 month is equal to or less than $60,000,000, (b) one-quarter of one percent (0.25%) if the average daily principal balance of Revolving Loans during such period is in excess of $60,000,000 but less than or equal to $120,000,000, and (c)... one-half of one percent (0.5%) if the average daily principal balance of Revolving Loans during such period is in excess of $120,000,000 but less than or equal to $160,000,000. If the Borrower Agent completes an offering of its equity securities in which the net proceeds are at least $50,000,000 (which for purposes of this definition, such amount of net proceeds shall not include any amount of proceeds distributed by Borrower Agent to any other Person that is not a Borrower hereunder, as permitted pursuant to the terms of this Agreement), Borrowers may request that Lenders reduce the Prime Rate Margin by up to one-quarter of one percent (0.25%). Lenders may, subject to Section 3.3(d), accede to or refuse such request in their sole discretion. View More

Prime Rate Margin. Means 2.25%.

Prime Rate Margin. 0.00%. -------------------

Prime Rate Margin. Shall mean one percent (1.00%).

Prime 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 0.25% • less than or equal to 5.00:1.00 zero percent but greater than 4.50:1.00 • less than or equal to 4.50:1.00 less 0.25% but greater than 4.00:1.00 ... • less than or equal to 4.00:1.00 less 0.50% but greater than 3.00:1.00 • less than or equal to 3.00:1.00 less 0.75% For purposes of the Prime Rate Margin, the above covenant shall be tested and measured quarterly on a trailing four (4) quarters basis. View More

Prime Rate Margin. One and four tenths percent (1.40%) per annum.