Commitment Fee Percentage definition

Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

Commitment Fee Percentage means a percentage per annum equal to: Pricing Level Secured Leverage Ratio Commitment Fee Percentage I ≥ 1.75:1.00 0.500 % II < 1.75:1.00 0.375 % The Commitment Fee Percentage shall be determined and adjusted quarterly on each Calculation Date two (2) Business Days after the earlier of the actual delivery date by which the Borrower provides, or the required delivery date by which the Borrower is required to provide, the consolidated financial information required by Section 6.01(a) or (b), as applicable, and the Compliance Certificate required by Section 6.01(c) for the fiscal quarter or year of the Borrower most recently ended prior to the Calculation Date; provided, however, that the Commitment Fee Percentage shall be deemed to be (i) in Pricing Level I (x) from the Closing Date until the first Calculation Date occurring after the first full fiscal quarter of the Borrower subsequent to the Closing Date and (y) at any time during the existence of an Event of Default under Sections 8.01(a), (h) or (i) and (ii) if the Borrower fails to provide the consolidated financial information required by Section 6.01(a) or (b), as applicable, or the Compliance Certificate required by Section 6.01(c) for more than two (2) Business Days’ following the due date thereof for the most recently ended fiscal quarter or year of the Borrower preceding any applicable Calculation Date, each Commitment Fee Percentage from such Calculation Date shall be based on Pricing Level I until such time as such consolidated financial information and an appropriate Officer’s Certificate is provided. In the event that the Administrative Agent and the Borrower determine in good faith that any financial statement or Compliance Certificate delivered pursuant to Section 6.01 is inaccurate (regardless of whether this Agreement or the Revolving Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected would have led to a higher Commitment Fee Percentage for any Applicable Period than the Commitment Fee Percentage applied for such Applicable Period, then (i) the Borrower shall immediately deliver to the Administrative Agent a correct Compliance Certificate for such Applicable Period, (ii) the Commitment Fee Percentage shall be determined by reference to the corrected Compliance Certificate (but in no event shall the Lenders owe any amounts to the Borrower) and (iii) the Borrower shall within five (5) Business Days of demand therefor by the Administrative Agent ...

Commitment Fee Percentage means, on any date, the percentage determined pursuant to the table below based on the ratio of the Outstanding Revolving Credit on such date to the Borrowing Base on such date: Pricing Level Ratio of Outstanding Revolving Credit to Borrowing Base Commitment Fee Percentage I >90% 0.500% II >75% but <90% 0.500% III >50% but <75% 0.500% IV >25% but <50% 0.375% V <25% 0.375%

Examples of Commitment Fee Percentage in a sentence

• The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Revolving Commitment Fee Percentage during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Revolving Commitment Fee Percentage separately for each period during such quarter that such Applicable Revolving Commitment Fee Percentage was in effect.

• The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Commitment Fee Percentage during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Commitment Fee Percentage separately for each period during such quarter that such Applicable Commitment Fee Percentage was in effect.

• A bid register will be prepared containing relevant bid information, and will be made public no less than 7 days before the successful bidder is notified of award of contract, pursuant to Section 9 of IC 5-22-7.3 5.

• The Commitment Fee Percentage shall be determined as provided in the Pricing Grid and may change as provided in the Pricing Grid.

• Fees and Charges: In order to open and maintain an account, you must pay the following fees to us:• Commitment Fee: Percentage of equity credit line amount (minimum $250) paid at time of closing/ disbursement advanced from line.

More Definitions of Commitment Fee Percentage

Commitment Fee Percentage means, as of any date, the applicable rate per annum under the caption “Commitment Fee Percentage” as determined by reference to the Public Debt Rating in effect on such date as set forth below: Ratings Level Public Debt Rating S&P/Xxxxx’x Commitment Fee Percentage Level 1 At least A+ by S&P/A1 by Xxxxx’x 0.030% Level 2 A by S&P/A2 by Xxxxx’x 0.040% Level 3 A- by S&P/A3 by Xxxxx’x 0.050% Xxxxx 0 Xxxxx xxxx X- xx X&X/X0 by Xxxxx’x or unrated 0.060%

Commitment Fee Percentage shall have the meaning assigned to it in the Pricing Side Letter.

Commitment Fee Percentage means 0.25% per annum.

Commitment Fee Percentage means the per annum percentage which is used to calculate the Commitment Fees. The Commitment Fee Percentage shall be determined as provided in the Pricing Grid and may change as provided in the Pricing Grid.

Commitment Fee Percentage means, on any date, the percentage determined by reference to the ratio of Outstanding Credit to the Borrowing Base on such date in accordance with the table below: Ratio of Outstanding Credit Commitment Fee to Borrowing Base Percentage <.50 to 1 .250% ³.50 to 1 and <.75 to 1 .300% ³.75 to 1 and <.90 to 1 .375%

Commitment Fee Percentage means 0.50% per annum.

Commitment Fee Percentage is defined in Section 2.4(a).