Interest Rate Margins Sample Clauses

Interest Rate Margins. As used herein the terms “Applicable Prime Rate Margin”, “Applicable Eurocurrency Margin” and “Applicable Commitment Fee Rate” shall mean the particular rate per annum determined by the Administrative Agent in accordance with the Pricing Grid Table which appears below, based on the Borrower’s ratio of Consolidated Total Funded Debt as of the end of each fiscal quarter to Consolidated EBITDA for the Testing Period most recently ended and the following provisions:

Interest Rate Margins. The applicable Margin is indicated in the Table. The Applicable Index Margin is subtracted from the Index Rate in the case of Floating Rate Loans, and the Applicable LIBOR Margin is added to the LIBOR Rate in the case of LIBOR Loans. The Applicable Index Margin for Floating Rate Loans shall be 50 basis points (.50%) at all times. The Applicable LIBOR Margin for LIBOR Loans shall adjust at the end of each applicable Eurodollar Interest Period but, in no event, earlier than five (5) days after the receipt by the Agent of the Borrower's compliance certificate confirming the Borrower's financial ratios for the preceding quarter.

Interest Rate Margins. As used herein the terms "Applicable Prime Rate Margin" and "Applicable Eurocurrency Margin" shall mean the applicable rates determined in accordance with the following provisions.

Interest Rate Margins. As used herein the terms "APPLICABLE PRIME RATE MARGIN", "APPLICABLE EUROCURRENCY MARGIN" and "APPLICABLE COMMITMENT FEE" shall mean the particular rate per annum determined by the Administrative Agent in accordance with the Pricing Grid Table which appears below, based on the Company's ratio of Consolidated Total Debt to Consolidated EBITDA, as computed in accordance with section 9.7 hereof, and such Pricing Grid Table, and the following provisions:

Interest Rate Margins. The pricing table in subsection 1.2(A) of the Credit Agreement is hereby deleted in its entirety and replaced with the following:

Interest Rate Margins. (a) On the Closing Date and continuing until the effective date of a Margin Change, the margin applicable to Base Rate Loans (the "Base Rate Margin") shall be one-half of one percentage point (.50%) and the margin applicable to Eurodollar Loans (the "Eurodollar Margin") shall be two and one-quarter of one percentage points (2.25%). (a) Commencing with the Fiscal Quarter ending March 31, 1996, and as long as no Default or Event of Default shall have occurred and be continuing, the Base Rate Margin and the Eurodollar Margin shall be subject to change (a "Margin Change") as of the end of each Fiscal Quarter by reference to the Debt Service Coverage Ratio and Debt to Worth Ratio as of the end of such Fiscal Quarter as follows: (i) If the Debt Service Coverage Ratio is greater than 1.25 to 1.0 and the Debt to Worth Ratio is: (a) greater than 5.0 to 1.0, then the the Base Rate Margin shall be one-half of one percentage point (.50%) and the Eurodollar Margin shall be two and one-quarter percentage points (2.25%); or (b) less than 5.0 to 1.0 but greater than or equal to 4.0 to 1.0, then the the Base Rate Margin shall be one-quarter of one percentage point (.25%) and the Eurodollar Margin shall be two percentage points (2.00%); or (c) less than 4.0 to 1.0, then the the Base Rate Margin shall be zero (0) and the Eurodollar Margin shall be one and three-quarters percentage points (1.75%). (ii) If the Debt Service Coverage Ratio is greater than 1.10 to 1.0 but less than or equal to 1.25 to 1.0 and the Debt to Worth Ratio is: (a) greater than 5.0 to 1.0, then the the Base Rate Margin shall be three-quarters of one percentage point (.75%) and the Eurodollar Margin shall be two and one-half percentage points (2.50%); or (b) less than 5.0 to 1.0 but greater than or equal to 4.0 to 1.0, then the the Base Rate Margin shall be one-half of one percentage point (.50%) and the Eurodollar Margin shall be two and one-quarter percentage points (2.25%); or (c) less than 4.0 to 1.0, then the the Base Rate Margin shall be one-quarter of one percentage point (.25%) and the Eurodollar Margin shall be two and one-quarter percentage points (2.25%). (iii) If the Debt Service Coverage Ratio is greater than 1.0 to 1.0 but less than or equal to 1.10 to 1.0 and the Debt to Worth Ratio is: (a) greater than 5.0 to 1.0, then the the Base Rate Margin shall be one percentage point (1.0%) and the Eurodollar Margin shall be three percentage points (3.00%); or (b) less than 5.0 to 1.0 but greater tha...

Interest Rate Margins. The base rate margin (the "Base Rate --------------------- --------- Margin") on the Closing Date shall equal zero percent (0%). The Euro-Rate ------ margin (the "Euro-Rate Margin") on the Closing Date shall equal one and one-half ---------------- percent (1.5%). After the Closing Date, the Base Rate Margin and the Euro-Rate Margin shall be based upon the Leverage Ratio for the immediately preceding fiscal quarter, as shown on the Borrower's most recently delivered financial statements pursuant to Section 8.3(b) as follows: Euro-Rate Base Rate Leverage Ratio Margin Margin -------------- --------- --------- greater than or equal to 3.0 1.375% 0% less than 3.0 and greater 1.125% 0% than or equal to 2.5 less than 2.5 .875% 0% Notwithstanding the foregoing, the first adjustment to the Base Rate Margin and Euro-Rate Margin hereunder and to the Commitment Fee under Section 2.3 will occur on the earlier of (i) the date of the closing of the syndication hereunder or (ii) June 30, 1996 and, for the purpose of calculating the Total Indebtedness component of the Leverage Ratio for the initial adjustment hereunder only, Total Indebtedness shall be calculated as of the foregoing date rather than for the previous quarter then ended. Except as noted above, in the event the Leverage Ratio has changed such that a different rate is applicable, the rate shall be effective as of the first Settlement Date following receipt by the Agent of the financial statements, notwithstanding that such effective date occurs during a Euro-Rate Interest Period. In the event the financial statements of the Borrower with respect to any fiscal quarter are not delivered within forty-five (45) days of the end of such quarter as required under Section 8.3(b), any rate reduction then in effect shall continue until the first Settlement Date following receipt by the Agent of financial statements reflecting that a different Base Rate Margin or Euro-Rate Margin is applicable as a result of a change in the Leverage Ratio; provided, that if such financial -------- statements indicate that the Euro-Rate Margin or Base Rate Margin should have been higher than the margins which were in effect, as a result of the Borrower's failure to deliver such financial statements in a timely manner, the Euro-Rate Margin and the Base Rate Margin shall be retroactively adjusted and the Borrower shall immediately upon written notice from the Agent pay to the Agent, for the ratable benefit of the Banks, the additional inter...

Interest Rate Margins. Schedule 1.01-1 to the Credit Agreement is revised so that it shall read as follows: "SCHEDULE 1.01-1

Interest Rate Margins. The Margins shall be determined as follows: