LIBOR Margin Clause Samples

LIBOR Margin. 3 1.21 LOAN DOCUMENTS ..................................... 3 1.22 MARGIN ............................................. 3 1.23 NOTES .............................................. 3 1.24 OBLIGATIONS ........................................ 3 1.25 PERSON ............................................. 3 1.26 PLAN ............................................... 3 1.27 RTFC ............................................... 4 1.28 REVOLVING LOAN ADVANCES ............................ 4 1.29 REVOLVING LOAN CREDIT LIMIT ........................ 4 1.30 REVOLVING LOAN FEE MARGIN .......................... 4 1.31 SUBSIDIARY ......................................... 4

LIBOR Margin. LIBOR Margin has the meaning given such term in Section 2.01(d) hereof. LIBOR Market Index Rate. LIBOR Market Index Rate means for any day, the rate (rounded to the next higher 1/100 of 1%) for U.S. Dollar deposits for one month U.S. Dollar deposits as reported on Telerate Page 3750 as of 11:00 a.m. London time, for such day, provided, if such day is not a London Business Day, the immediately preceding London Business Day (or if not so reported, then as determined by Agent from another recognized source or interbank quotation). LIBOR Market Index Rate Option. LIBOR Market Index Rate Option has the meaning given such term in Section 2.01(c)(i) hereof.

LIBOR Margin. The definition of the term "LIBOR Margin" appearing in Section 1.55 of the Credit Agreement is amended in its entirety to read as follows:

LIBOR Margin. 1.75% on the Revolving Note and 2.25% on the Installment Note.

LIBOR Margin. Adjustments, if any, in the LIBOR Margin shall be made by the Agent on the fifth (5th) Business Day after receipt by the Agent of quarterly financial statements for the Borrower and its Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Total Leverage Ratio of the Borrower and its Consolidated Entities as of the most recent fiscal quarter end. Subject to Section 4.1(d), in the event the Borrower fails to deliver such financial statements and certificate within the time required by Section 7.1(c) hereof, the LIBOR Margin shall be the highest LIBOR Margin until five (5) Business Days after receipt by the Agent of such financial statements and certificate.

LIBOR Margin. One and four-fifths percent (1.80%) per annum; provided, however, that if there is then no uncured Event of Default under the Loan Documents, the LIBOR Margin shall be reduced to one and two-fifths percent (1.40%) per annum as of the first day of the first month after the following conditions are met and for so long thereafter as they continue to be satisfied: • The Debt Service Coverage Ratio is at least 1.40 to 1.00; and • The Rent Coverage Ratio is at least 1.10 to 1.00.

LIBOR Margin. < 75% 1.75% above Libor-Rate > 75% 2.00% above Libor-Rate -

LIBOR Margin. Lien....................................................................................................... Loan.......................................................................................................

LIBOR Margin. All adjustments in the Applicable Margins after March 31, 2007 shall be implemented quarterly on a prospective basis, for each calendar month commencing (A) at least one (1) day after the date of delivery to Lenders of the Financial Statements of Borrower and its Subsidiaries pursuant to Sections 4.2(a) and 4.2(b), as applicable, evidencing the need for an adjustment or (B) at least one (1) day after the date of delivery to Lenders of an Interim Annual Pricing Certificate if, at the option of the Borrower, such Interim Annual Pricing Certificate is delivered in accordance with Section 4.2(k)(ii), provided, however, that if, after a delivery of an Interim Annual Pricing Certificate, the audited Financial Statements of Borrower and its Subsidiaries delivered pursuant to Section 4.2(b) with respect to the Fiscal Year covered by such Interim Annual Pricing Certificate demonstrate a need for an increase in the Applicable Margin as compared to the Applicable Margin implemented based on the Interim Annual Pricing Certificate, Borrower shall pay on demand to the Agent, and, in any event, the Agent shall be permitted to charge to the Revolving Loan, for the ratable benefit of the Lenders, the amount of interest that would have accrued on the Loans at those increased Applicable Margins from the date of the implementation of the Applicable Margins based on the Interim Annual Pricing Certificate less the amount of interest paid by the Borrower for such period; and provided, further, however, that failure to timely deliver the audited Financial Statements of Borrower and its Subsidiaries pursuant to Section 4.2(b) with respect to the Fiscal Year covered by such Interim Annual Pricing Certificate shall, in addition to any other remedy provided for in this Agreement, result in an increase in the Applicable Margins to the highest level set forth in the foregoing grid, commencing retroactively from the date of the implementation of the Applicable Margins based on the applicable Interim Annual Pricing Certificate until the first day of the first calendar month following the delivery of those Financial Statements demonstrating that such an increase is not required. Concurrently with the delivery of each Financial Statements pursuant to Sections 4.2(a) and 4.2(b), as applicable, Borrower shall deliver to Agent and Lenders the Pricing Certificate, setting forth in reasonable detail the basis for the continuance of, or any change in, the Applicable Margins. If any Default or an...