Extended Applicable Margin definition

Extended Applicable Margin means, with respect to any Extending Lender: (a) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is equal to or greater than 1.85 times the Combined Debt Amount, (i) with respect to any ABR Loan, 0.75% per annum; and (ii) with respect to any Eurocurrency Loan, 1.75% per annum and (b) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is less than 1.85 times the Combined Debt Amount (i) with respect to any ABR Loan, 0.875% per annum; and (ii) with respect to any Eurocurrency Loan, 1.875% per annum. Any change in the Extended Applicable Margin due to a change in the ratio of the Borrowing Base to the Combined Debt Amount as set forth in any Borrowing Base Certificate shall be effective from and including the day immediately succeeding the date of delivery of such Borrowing Base Certificate; provided that if any Borrowing Base Certificate has not been delivered in accordance with Section 5.01(d), then from and including the day immediately succeeding the date on which such Borrowing Base Certificate was required to be delivered, the Extended Applicable Margin shall be the Extended Applicable Margin set forth in clause (b) above to and including the date on which the required Borrowing Base Certificate is delivered.
View Source
Extended Applicable Margin means, with respect to any Extending Lender (a) with respect to any ABR Loan, 0.875% per annum; (b) with respect to any Term Benchmark Loan, 1.875% per annum; (c) with respect to any RFR Loan denominated in Sterling, 1.9943%; and (d) with respect to any RFR Loan denominated in Swiss Francs, 1.8781%.
View Source
Extended Applicable Margin for any day, the rate per annum that, when added to the relevant Applicable Margin in effect on such day, produces an all-in rate equal to the rate set forth on the applicable Pricing Grid under the heading “All-In Extended Applicable Margin for Term Loans” or “All-In Extended Applicable Margin for Revolving Credit Loans”, as applicable.
View Source

Examples of Extended Applicable Margin in a sentence

  • The Loans constituting each ABR Borrowing (including each Swingline Loan) that are made by the Extending Lenders shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Extended Applicable Margin.

  • The Loans constituting each Term Benchmark Borrowing that are made by the Extending Lenders shall bear interest at a rate per annum equal to the Adjusted Term Benchmark Rate for the related Interest Period for such Borrowing plus the Extended Applicable Margin.

  • The Loans constituting each Eurocurrency Borrowing that are made by the Extending Lenders shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the related Interest Period for such Borrowing plus the Extended Applicable Margin.

  • The Loans constituting each RFR Borrowing that are made by the Extending Lenders shall bear interest at a rate per annum equal to the RFR plus the Extended Applicable Margin.

  • The Loans constituting each RFR Borrowing that are made by the Extending Lenders shall bear interest at a rate per annum equal to the Daily Simple RFR plus the Extended Applicable Margin.

  • The Loans constituting each EurocurrencyTerm Benchmark Borrowing that are made by the Extending Lenders shall bear interest at a rate per annum equal to the Adjusted EurocurrencyTerm Benchmark Rate for the related Interest Period for such Borrowing plus the Extended Applicable Margin.

  • The Loans constituting each Eurocurrency Borrowing that are made by the Extending Lenders shall bear interest on each day at a rate per annum equal to the Eurocurrency Rate for the related Interest Period for such Borrowing plus the Extended Applicable Margin.

  • The Loans constituting each ABR Borrowing (including each Swingline Loan) that are made by the Extending Lenders shall bear interest on each day at a rate per annum equal to the Alternate Base Rate for such day plus the Extended Applicable Margin.

Related to Extended 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.

  • 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.

  • 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.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

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