Class B Applicable Margin definition

Class B Applicable Margin means with respect to each Class B Revolving Lender the “Class B Applicable Margin” described in any Fee Letter between Company and such Class B Revolving Lender.
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Class B Applicable Margin is defined in the Fee Letter.
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Class B Applicable Margin means (I) with respect to any day on or prior to the effective date of this Amendment, 10.00%; and (II) with respect to any day after the effective date of this Amendment, 12.00%; provided (III) that on any day on which an Event of Default shall exist, the Class B Applicable Margin shall be the Class B Default Applicable Margin.
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Examples of Class B Applicable Margin in a sentence

  • Each of the Issuer, the Originator, the Manager or the Servicer shall, to the extent permitted by Law, pay to or deposit with the Indenture Trustee, for the benefit of each Purchaser Group and each Non-Conduit Committed Purchaser, upon demand, interest on all amounts that it is required to pay or deposit hereunder that are not paid or deposited when due hereunder shall bear interest at the rate used to calculate the Cost of Funds and the Class A Applicable Margin and the Class B Applicable Margin.

  • An interest rate per annum equal to the sum of (i) two percent (2%) per annum, plus (ii) the rate of interest then in effect on such Class A Note or Class B Note, as the case may be (inclusive of the Class A Applicable Margin or the Class B Applicable Margin, as the case may be).

  • Except as otherwise set forth herein, (i) the Class A Revolving Loans shall accrue interest daily in an amount equal to the product of (A) the unpaid principal amount thereof as of such day and (B) the Class A Applicable Margin and (ii) the Class B Revolving Loans shall accrue interest daily in an amount equal to the product of (A) the unpaid principal amount thereof as of such day and (B) the Class B Applicable Margin.


More Definitions of Class B Applicable Margin

Class B Applicable Margin means 5.50%; provided that on any day on which an Event of Default shall exist, the Class B Applicable Margin shall be the Class B Default Applicable Margin.
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Class B Applicable Margin is defined in the Fee Letter. “Class B Commitment Fee” is defined in Section 2.7(e).
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Class B Applicable Margin means [***].
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Class B Applicable Margin means [***] “Class B Base Margin” means [***] “Class B Borrowing Base” means, as of any day, an amount equal to the lesser of: (a) (i) the Applicable Class B Advance Rate, multiplied by the Aggregate Adjusted EPOB pertaining to Eligible Loan Assets at such time plus (ii) the aggregate amount of Collections in the Waterfall Account after giving effect to the application of available funds in accordance with Section 0 on the next following Distribution Date, minus (iii) the Total Utilization of Class A Revolving Maximum Amount; and (b) the total Class B Revolving Commitments on such day.
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Class B Applicable Margin means for each day in any Payment Period from and including the Restructuring Date, 2 per cent. per annum.
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Related to Class B Applicable Margin

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Applicable Margins means collectively the Applicable L/C Margin, the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.805 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.920 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.030 % 1.030 % BBB by Standard & Poor’s Baa2 by Moody’s 0.140 % 1.140 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.