Common use of Applicable Margins and Fees Clause in Contracts

Applicable Margins and Fees. The ABR Applicable Margin, the LIBOR Applicable Margin and the Applicable Commitment Fee Percentage to be used in calculating the interest rate applicable to different types of Advances and the Commitment Fee shall vary from time to time in accordance with the ratio of Total Indebtedness to EBITDA: LIBOR Applicable Applicable Commitment Ratio of Total Indebtedness to EBITDA Margin ABR Applicable Margin Fee Percentage ------------------------------------- ---------------- --------------------- --------------------- Less than 4.5x 1.625% 0.625% 0.25% 4.5x or over, but less than 5.00x 2.00% 1.00% 0.30% 5.00x or over, but less than 5.25x 2.25% 1.25% 0.35% 5.25x or over, but less than 5.50x 2.50% 1.50% 0.50% 5.50X or over, but less than 5.75x 3.00% 2.00% 0.60% The Applicable Margins and Applicable Commitment Fee Percentage will change quarterly upon delivery of a compliance certificate in the form of attached hereto, reflecting the ratio of Total Indebtedness to EBITDA as of the last day of the preceding fiscal quarter as disclosed on the financial statements for such fiscal quarter delivered to the Lenders.

Appears in 1 contract

Sources: Secured Revolving Credit Agreement (Equity Inns Inc)

Applicable Margins and Fees. The ABR Applicable Margin, the LIBOR Applicable Margin and the Applicable Commitment Fee Percentage to be used in calculating the interest rate applicable to different types of Advances and the Commitment Fee shall vary from time to time in accordance with the ratio of Total Indebtedness to EBITDA: Ratio of LIBOR ABR Applicable Total Indebtedness to Applicable Applicable Commitment Ratio of Total Indebtedness to EBITDA Margin ABR Applicable Margin Fee Percentage ------------------------------------- ---------------- --------------------- --------------------- -------------------- ---------- ---------- -------------- Less than 4.5x 1.6252.5 1.50% 0.6250.50% 0.25% 4.5x 2.5 or over, but less than 5.00x 2.003.0 1.75% 1.000.75% 0.30% 5.00x 3.0 or over, but less than 5.25x 2.253.5 2.00% 1.251.00% 0.350.40% 5.25x 3.5 or over, but less than 5.50x 4.0 2.25% 1.25% 0.45% 4.0 or over, but less than 4.5 2.50% 1.50% 0.50% 5.50X 4.5 or over, but less than 5.75x 3.004.75 2.75% 2.001.75% 0.600.55% The Applicable Margins and Applicable Commitment Fee Percentage will change only quarterly upon delivery of a compliance certificate in the form of attached hereto, reflecting the ratio of Total Indebtedness to EBITDA as of the last day of the preceding fiscal quarter as disclosed on the financial statements for such fiscal quarter delivered to the Lenders.

Appears in 1 contract

Sources: Secured Revolving Credit Agreement (Equity Inns Inc)