Applicable Facility Fee Percentage definition

Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

Applicable Facility Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate the facility fee due and payable under section 2.06(a) of this Agreement determined by reference to the appropriate columns in the pricing grid attached to this Agreement as Schedule 10.7, such Applicable Facility Fee Percentage to be adjusted solely as specified in Section 10.7 hereof

Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of the Pricing Schedule hereto.

Examples of Applicable Facility Fee Percentage in a sentence

• The Facility Fee (and the Applicable Facility Fee Percentage) shall be calculated on the basis of a 360 day year for the actual number of days elapsed without regard to the amount of Loans outstanding during any period for which the Facility Fee is computed.

• 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 Borrower agrees to pay to the Administrative Agent, for the account of the Lenders in accordance with each Lender's Commitment Percentage, during the period from and including the Closing Date through but excluding the Maturity Date, a fee (the "Facility Fee") equal to the Applicable Facility Fee Percentage per annum of the average daily sum of the Aggregate Commitments, regardless of usage, during such period.

• The Company shall pay to the Administrative Agent, for the account of the Lenders in accordance with their Pro Rata Shares, from and after the date of this Agreement until the date on which the Aggregate Revolving Loan Commitment shall be terminated in whole, a facility fee accruing at the rate of the then Applicable Facility Fee Percentage on the amount of the Aggregate Revolving Loan Commitment (whether used or unused).

• The Borrower agrees to pay to the Administrative Agent, for the account of the Lenders in accordance with each Lender's Commitment Percentage, during the period from and including the Effective Date through but excluding the Maturity Date, a fee (the "Facility Fee") equal to the Applicable Facility Fee Percentage per annum of the average daily sum of the Aggregate Commitments, regardless of usage, during such period.

More Definitions of Applicable Facility Fee Percentage

Applicable Facility Fee Percentage means, for any day with respect to any Commitment and subject to the provisions of the definition of “Applicable Margin” following the table therein, the rate per annum set forth below under the caption “Facility Fee Rate Spread” corresponding to the Level in effect from time to time, as set forth in the following table: Level Index Debt Ratings (Moody’s or S&P) Facility Fee Rate Spread I >A+ or A1 0.08% II A or A2 0.09% III A-or A3 0.10% IV BBB+ or Baa1 0.125% V <BBB or Baa2 0.15%

Applicable Facility Fee Percentage means, for any day, the percentage set forth below opposite the Applicable Rating Period then in effect: Applicable Rating Applicable Facility Period Fee Percentage Category A Period 0.250% Category B Period 0.300% Category C Period 0.375% Category D Period 0.450%

Applicable Facility Fee Percentage means, as of any date, a percentage per annum determined by reference to the Pricing Schedule.

Applicable Facility Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate the facility fee due and payable under section 2.06 of this Agreement determined by reference to the appropriate columns in the pricing grid attached to this Agreement as Schedule 10.7, such Applicable Facility Fee Percentage to be adjusted solely as specified in Section 10.7 hereof

Applicable Facility Fee Percentage means, at any time during a period set forth below, the percentage set forth opposite such period below: Applicable Facility Period Fee Percentage ------ -------------- NIG Period .200% Minimum Investment .150% Grade Period Increased Investment Grade .125% Period Maximum Investment .100% Grade Period

Applicable Facility Fee Percentage on any date, the rate per annum set forth below which corresponds with the then current rating of the Company’s senior unsecured long-term debt issued by S&P and Xxxxx’x respectively. Level Ratings Applicable Facility Fee Percentage I AA-/Aa3 or higher 0.06% II A+/A1 0.07% III A/A2 or lower 0.08% Changes in the Applicable Facility Fee Percentage shall become effective on the date on which S&P and/or Xxxxx’x changes the rating it has issued for the Company’s senior unsecured long-term debt. In the event of split ratings, the Level corresponding to the higher of such ratings shall apply unless the split is more than one Level, in which case Level II shall apply; if only one of such two agencies issues a rating, such rating shall apply.

Applicable Facility Fee Percentage means at all times during which the applicable Pricing Level set forth below is in effect, the percentage set forth in the following table under the heading “Facility Fee Percentage” next to such Pricing Level, in each case subject to the provisos set forth in the following table: Pricing Level Facility Fee Percentage Pricing Level I 0.040 % Pricing Level II 0.045 % Pricing Level III 0.050 % Pricing Level IV 0.060 % Pricing Level V 0.080 % Pricing Level VI 0.100 % Pricing Level VII 0.150 % Changes in the Applicable Facility Fee Percentage resulting from a change in the Pricing Level shall become effective on the effective date of any change in the S&P Rating or Xxxxx’x Rating, as the case may be. Notwithstanding anything herein to the contrary, in the event of a split in the S&P Rating and Xxxxx’x Rating that would otherwise result in the application of more than one Pricing Level (had the provisions regarding the applicability of other Pricing Levels contained in the definitions thereof not been given effect), then the Applicable Facility Fee Percentage shall be determined using, in the case of a split by one rating category, the higher Pricing Level, and in the case of a split by more than one rating category, the Pricing Level that is one level lower than the Pricing Level within which the higher of the two rating categories would otherwise fall.