Applicable Index Margin definition
Examples of Applicable Index Margin in a sentence
The Applicable Swing Line Margin, Applicable Index Margin, Applicable LIBOR Margin and Applicable L/C Margin will be 2.75%, 1.50%, 2.75% and 2.25%, respectively and shall not be subject to adjustment.
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.
Section 1.6 of the Credit Agreement is restated to read in its entirety as follows: The Applicable Swing Line Margin, Applicable Index Margin, Applicable LIBOR Margin and Applicable L/C Margin will be 2.75%, 1.50%, 2.75% and 2.25%, respectively, effective as of the date of the First Amendment and Waiver with Respect to Credit Agreement and shall not be subject to adjustment.
The Applicable Index Margin, Applicable LIBOR Margin, Applicable L/C Margin and Applicable Unused Line Fee Margin will be 0.75%, 2.25%, 2.25% and 0.50% per annum, respectively, as of the Closing Date.
As of the Closing Date, the Applicable LIBOR Margin (such margin will be referred to as the “Base LIBOR Margin”) shall be 8.00% and the Applicable Index Margin (such margin will be referred to as the “Base Index Margin”) shall be 6.00%.
The Applicable Swing Line Margin, Applicable Index Margin, Applicable LIBOR Margin and Applicable L/C Margin will be 1.50%, 0.25%, 1.50% and 1.50% per annum, respectively.
As of the Closing Date, the Applicable LIBOR Margin (such margin will be referred to as the “Base LIBOR Margin”) shall be 5.50% and the Applicable Index Margin (such margin will be referred to as the “Base Index Margin”) shall be 3.50%.
Except as otherwise provided in ss.7.5, each Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date that such Loan has been repaid in full at the rate per annum equal to the Index Rate plus the Applicable Index Margin.
The Applicable Index Margin and Applicable LIBOR Margin will be 0.50% and 2.00% per annum, respectively, as of the Closing Date.