Adjustment of Credit Fee. The credit fee payable in respect of the Letters of Credit shall be subject to reduction or increase, as applicable and as set forth in the table in (i) above, on a quarterly basis according to the performance of the Borrower as tested by the Leverage Ratio. Except as set forth in the last sentence hereof, any such increase or reduction in such fee shall be effective on the third Business Day following the date of receipt of the applicable financial statements. If financial statements of the Borrower setting forth the Leverage Ratio are not received by the Administrative Lender by the date required pursuant to Section 6.1 hereof, the fee payable in respect of the Letters of Credit shall be determined as if the Leverage Ratio is not less than 6.0 to 1 until such time as such financial statements are received. For the last fiscal quarter of any fiscal year of the Borrower, the Borrower may provide its unaudited financial statements, subject only to year-end adjustments, for the purpose of adjusting the Letter of Credit fee. Notwithstanding anything above to the contrary, if the compliance certificate required to be delivered pursuant to Section 7.5(b) hereof, prior to any proposed acquisition, indicates that the Leverage Ratio after giving effect to the proposed acquisition would result in an adjustment of the Letter of Credit fee, such fee shall be increased or decreased, as the case may be, as of the date of such acquisition.
Adjustment of Credit Fee. If the amount of unsecured exposure is changed because of your delivery of additional collateral to us due to the requirements of Item 2 above, the Credit Fee shall be adjusted on a pro-rata basis from the date of such delivery.
Adjustment of Credit Fee. The credit fee payable in respect of the Letters of Credit shall be subject to reduction or increase, as applicable and as set forth in the table in (i) above, on a quarterly basis according to the performance of the Borrower as tested by the Leverage Ratio. Any such increase or reduction in such fee shall be effective on the date of receipt of the financial statements required pursuant to Section 6.1 or 6.2 hereof. If such financial statements are not received by the date required, the fee payable in respect of the Letters of Credit shall be determined pursuant to Category 3 above until such time as such financial statements are received.
Adjustment of Credit Fee. The credit fee payable in respect ------------------------ of the Letters of Credit shall be subject to reduction or increase, as applicable and as set forth in the table in (i) above, on a quarterly basis according to the performance of the Borrower as tested by the Leverage Ratio. Any such increase or reduction in such fee shall be effective as of the first day of the month immediately following the month in which the Administrative Lender receives the financial statements required pursuant to Section 6.1 or 6.2 hereof, as ----------- --- appropriate. If financial statements of the Borrower (and corresponding Compliance Certificate setting forth the Leverage Ratio) are not received by the Administrative Lender by the date required pursuant to Section 6.1 or 6.2 hereof, as appropriate, the fee payable ----------- --- in respect of the Letters of Credit shall be determined pursuant to Category 1 above until such time as such financial statements are ---------- received. The credit fee payable in respect of the Letters of Credit shall be determined pursuant to Category 1 from and including May 25, ---------- 2001 until such time as a calculation of the Leverage Ratio which would result in an adjustment of such fee is received.
Adjustment of Credit Fee. The credit fee payable in respect of the Letters of Credit shall be subject to reduction or increase, as applicable and as set forth in the table in the definition of "Applicable Margin". Any such increase or reduction in such fee shall be effective as specified in the definition of "Applicable Margin".
Adjustment of Credit Fee. The credit fee payable in respect of the Letters of Credit shall be subject to reduction or increase, as applicable and as set forth in the table in (i) above, on a quarterly basis according to the performance of the Parent as tested by the Total Debt to Cash Flow Coverage Ratio. Any such increase or reduction in such fee shall be effective on the fifth day following the date of receipt of the financial statements required pursuant to SECTION 6.1 OR 6.2 hereof, as appropriate. If such financial statements are not received by the fifth day following the date required, the fee payable in respect of the Letters of Credit shall be determined as if the Total Debt to Cash Flow Coverage Ratio is greater than or equal to 4.50 to 1 until such time as such financial statements are received. From and including the Agreement Date to the date of the initial adjustment of the Credit Fee to be made as provided above, the percentage shall be 1.00%.
Adjustment of Credit Fee. The credit fee payable in respect of the Letters of Credit shall be subject to reduction or increase, as applicable and as set forth in the table in (i) above, on a quarterly basis according to the performance of the Borrower as tested by the Leverage Ratio. Except as set forth in the last sentence hereof, any such increase or reduction in such fee shall be effective on the third Business Day following the date of receipt of the applicable financial statements required to be delivered pursuant to Section 6.1(b) or 6.2(b) hereof. If financial statements of the Borrower setting forth the Leverage Ratio are not received by the Administrative Lender by the date required pursuant to Section 6.1(b) or 6.2(a) hereof, as applicable, the fee payable in respect of the Letters of Credit shall be determined as if the Leverage Ratio exceeds 1.5 to 1 until such time as such financial statements are received. For the last fiscal quarter of any fiscal year of the Borrower, the Borrower may provide its unaudited financial statements, subject only to year-end adjustments, for the purpose of adjusting the Letter of Credit fee. From and including the Closing Date to the date of the initial adjustment of the Credit Fee to be made as provided above, the percentage shall be determined based on the Compliance Certificate delivered by the Borrower on the Closing Date.
Adjustment of Credit Fee. The credit fee payable in respect of the ------------------------ Letters of Credit shall be subject to reduction or increase, as applicable and as set forth in the table in (i) above, on a quarterly basis according to the performance of the Borrower as tested by the Leverage Ratio. Any such increase or reduction in such fee shall be effective on the date of receipt of the financial statements required pursuant to Section 6.1 or 6.2 hereof. If such financial statements are not received by the date required, the fee payable in respect of the Letters of Credit shall be determined pursuant to Category 1 ---------- above until such time as such financial statements are received.
