Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Level Facility Fee 2 0.125% 3 0.150% 4 0.200% 5 0.250%
Applicable Facility Fee. Rate shall mean the percentage rate per annum at the indicated level of Debt Rating in the pricing grid on Schedule 1.1(A) below the heading "Facility Fee." The Applicable Facility Fee Rate shall be computed in accordance with the parameters set forth on Schedule 1.1(A).
Applicable Facility Fee means, at all times after the Investment Grade Rating Date, the percentage set forth in the table below corresponding to the Level at which the “Applicable Margins” are determined in accordance with the definition thereof: Level Facility Fee 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Applicable Margins are determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee. The provisions of this definition shall be subject to Section 2.5.(c).
Examples of Applicable Facility Fee in a sentence
Such adjustments shall be given prospective effect only, effective as to all Advances outstanding hereunder, the Applicable Facility Fee Percentage and the Applicable Letter of Credit Percentage, upon the date of delivery of the financial statements under Sections 6.1(a) and 6.1(b) hereunder and the Certificate of Compliance under Section 6.1(e) hereof, in each case establishing applicability of the appropriate adjustment and in each case with no retroactivity or claw-back.
As consideration for making the Revolving Credit available, the Borrower shall pay to the Bank a non-refundable quarterly facility fee in an amount equal to the Applicable Facility Fee Percentage times the Committed Amount.
The Global Agent will promptly provide notice of any determination of the Applicable Facility Fee Rate to the Company and the Lenders.
The Applicable Margin and Applicable Facility Fee Rate shall be determined in accordance with the foregoing table based on the Debt Ratings from time to time.
During the period from the Effective Date to but excluding the Revolving Termination Date, the Borrower agrees to pay to the Administrative Agent for the account of the Revolving Lenders a facility fee equal to the daily aggregate amount of the Revolving Commitments (whether or not utilized) times a rate per annum equal to the Applicable Facility Fee.
More Definitions of Applicable Facility Fee
Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof: Any change in the applicable Level at which the Ratings-Based Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee.
Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: LevelFacility Fee10.100%20.125%30.150%40.200%50.250%60.300% Any change in the applicable Level at which the Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee. The provisions of this definition shall be subject to Section 2.5.(c).
Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof:
Applicable Facility Fee means, for any day, the applicable rate per annum set forth below based upon the First Lien Net Leverage Ratio as of the most recent Test Period; provided that until the date of the delivery of the relevant consolidated financial statements pursuant to Section 5.01(a) or (b), as applicable, as of and for the fiscal period ending June 30, 2019, the Applicable Facility Fee shall be based on the rate per annum set forth in Category 1 immediately below: Category First Lien Net Leverage Ratio Applicable Facility Fee 1 Greater than 4.75:1.00 0.50% 2 Less than or equal to 4.75:1.00 but greater than 4.50:1.00 0.375% 3 Less than or equal to 4.50:1.00 0.25% For purposes of the foregoing, each change in the Applicable Facility Fee resulting from a change in the First Lien Net Leverage Ratio shall be effective during the period commencing on and including the Business Day following the date of delivery to the Administrative Agent of the applicable consolidated financial statements pursuant to Section 5.01(a) or Section 5.01(b) (and a related Compliance Certificate) indicating such change and ending on the date immediately preceding the effective date of the next such change. Notwithstanding the foregoing, at the option of a Majority in Interest of applicable RC Facility Lenders, the Applicable Facility Fee shall be based on the rates per annum set forth in Category 1 if the Borrower fails to deliver the consolidated financial statements required to be delivered pursuant to Section 5.01(a) or Section 5.01(b) (and a related Compliance Certificate) required to be delivered pursuant hereto, in each case within the time periods specified herein for such delivery, during the period commencing on and including the day of the occurrence of a Default resulting from such failure and until the delivery thereof. Notwithstanding anything to the contrary contained above in this definition or elsewhere in this Agreement, if it is subsequently determined that the First Lien Net Leverage Ratio set forth in any Compliance Certificate delivered to the Administrative Agent is inaccurate for any reason and the result thereof is that the RC Facility Lenders received fees for any period based on an Applicable Facility Fee that is less than that which would have been applicable had the First Lien Net Leverage Ratio been accurately determined then, within five Business Days (or, if a Specified Event of Default shall have occurred and be continuing, immediately) after receipt of a written dema...
Applicable Facility Fee means 0.50% per annum.
Applicable Facility Fee means the percentage set forth in the table below corresponding to the Pricing Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Pricing Level Facility Fee Pricing Xxxxx 0 0.125% Pricing Xxxxx 0 0.150% Pricing Xxxxx 0 0.200% Pricing Xxxxx 0 0.250% Pricing Xxxxx 0 0.300%
Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof upon the occurrence of a Credit Rating Election Event: Level Facility Fee 1 0.15% 2 0.175% 3 0.225% 5 0.35% Any change in the applicable Level at which the Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee. The provisions of this definition shall be subject to Section 2.4.(d).