ADJUSTMENTS TO INTEREST RATES AND FEES Sample Clauses

ADJUSTMENTS TO INTEREST RATES AND FEES. (i) CHANGES IN FUNDED DEBT TO EBITDA RATIO. Interest rate and Fee adjustments resulting from changes in the Funded Debt to EBITDA Ratio shall be made without notice to the Borrower, based on such ratio as of the end of a Fiscal Quarter. The applicable interest rate or Fee shall be reduced to a specified Level only in the event that (A) no Default or Event of Default exists as of the date of determination and (B) the required Funded Debt to EBITDA Ratio has been satisfied; provided, however, that if a Default or Event of Default has been remedied as provided in Section 8.1 within any applicable cure period set forth therein or waived by the Lenders in writing, the applicable interest rate or Fee shall be reduced effective as of the applicable date contemplated by Subsections (A) through (C) below. All adjustments shall be determined by the Agent and shall be effective as follows: (A) the Agent shall make its interest rate determination within five (5) Business Days of the receipt by the Lenders (the "Review Period") of the Borrower's quarterly or annual financial statements and Compliance Certificate indicating that an adjustment in the Applicable Margin or Fee is warranted; (B) any reduction or increase in the Applicable Margin after the Review Period with respect to a Revolving Borrowing Tranche or a Term Loan Tranche for a LIBOR-Rate Loan shall be effective on the first day following the maturity of a LIBOR-Rate Interest Period; provided that if Funded Debt to EBITDA Ratio which warranted an adjustment to the Applicable Margin has not been maintained for any Fiscal Quarter pending maturity of such LIBOR-Rate Interest Period the Applicable Margin shall not be reduced; (C) any reduction or increase in the Applicable Margin with respect to a Revolving Borrowing Tranche or a Term Loan Tranche for a Base Rate Loan or any Fee shall be effective one (1) Business Day following the Review Period; and (D) if any financial statements necessary for calculation of the Funded Debt to EBITDA Ratio provided for in this Section 2.4b are not delivered to the Agent within the time periods specified in Section 5.2, and such statements when ultimately delivered give rise to an increase in the Applicable Margin or Fees, such increase shall be retroactive to the date such financial statements were required to be delivered pursuant to Section 5.2.
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ADJUSTMENTS TO INTEREST RATES AND FEES. Any increase or decrease in the Margin to be added to the Canadian Prime Rate, U.S. Prime Rate, U.S. Libor, Sterling Libor or Alternate Sterling Rate in respect of Canadian Prime Rate Advances, U.S. Prime Rate Advances, U.S. Libor Advances, Sterling Libor Advances or Alternate Sterling Rate Advances, respectively, and any increase or decrease in the rate of Stamping Fees, in each case as determined in accordance with Appendix 2, shall become effective on or after the date (the "Adjustment Date") which is 46 days after the end of each quarterly fiscal period in each fiscal year of SSWG in which there is a change in the Senior Debt to Adjusted Consolidated EBITDA Ratio giving rise to an adjustment in the applicable Margin or the Stamping Fee, as follows: (a) for Canadian Prime Rate Advances, U.S. Prime Rate Advances and Alternate Sterling Rate Advances, the adjustment to the Margin shall become effective on the Adjustment Date; (b) for any U.S. Libor Advances or Sterling Libor Advances requested on or before the Adjustment Date, the adjustment to the Margin shall become effective on the first day of the first Interest Period in respect of such U.S. Libor Advance or Sterling Libor Advance, as the case may be, which commences after the Adjustment Date; (c) for any other U.S. Libor Advance or Sterling Libor Advance, the adjustment to the Margin shall become effective on the Adjustment Date; and (d) for Bankers' Acceptances, the adjustment to the Stamping Fee shall become effective in respect of any Draft which is accepted by TD Bank after the Adjustment Date, and shall not apply to any Draft which is accepted by TD Bank on or before the Adjustment Date.
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Related to ADJUSTMENTS TO INTEREST RATES AND FEES

  • Adjustment to Interest Rate Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

  • Adjustments to Fees Notwithstanding any of the fee limitations set forth in this Article 6, commencing upon the expiration of the first year of this Agreement, and upon the expiration of each year thereafter during the Term, the then-­‐current fees set forth in Section 6.1 and Section 6.3 may be adjusted, at ICANN’s discretion, by a percentage equal to the percentage change, if any, in (i) the Consumer Price Index for All Urban Consumers, U.S. City Average (1982-­‐1984 = 100) published by the United States Department of Labor, Bureau of Labor Statistics, or any successor index (the “CPI”) for the month which is one (1) month prior to the commencement of the applicable year, over (ii) the CPI published for the month which is one (1) month prior to the commencement of the immediately prior year. In the event of any such increase, ICANN shall provide notice to Registry Operator specifying the amount of such adjustment. Any fee adjustment under this Section 6.5 shall be effective as of the first day of the first calendar quarter following at least thirty (30) days after ICANN’s delivery to Registry Operator of such fee adjustment notice.

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations (a) Interest Rates. Except as provided in Section 2.13(c) and Section 2.15(a), all Obligations (except for the undrawn portion of the face amount of Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the lesser of (i) the LIBOR Rate plus the Applicable Margin, or (ii) the maximum rate of interest allowed by applicable laws; provided, that following notice to Borrower in accordance with Section 2.15(a) hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal, during the duration of the circumstances described in Section 2.15(a), to the lesser of (A) the Base Rate plus the Applicable Margin as calculated pursuant to Section 2.15(a) or (B) the maximum rate of interest allowable by applicable laws.

  • Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate (a) All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to LIBOR) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one (1) day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. (b) If, as a result of any restatement of or other adjustment to the financial statements of the Parent or for any other reason, then the Parent, the Borrower, the Administrative Agent, or the Lenders determine that (i) the Consolidated Leverage Ratio as calculated by the Parent and the Borrower as of any applicable date was inaccurate and (ii) a proper calculation of the Consolidated Leverage Ratio would have resulted in higher pricing for such period, then the Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders, within three (3) Business Days after demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to any Loan Party under the Bankruptcy Code of the United States, automatically and without further action by the Administrative Agent or any Lender), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period. This paragraph shall not limit the rights of the Administrative Agent or any Lender, under Section 2.08(b) or under Article IX.

  • Interest Rates Payments and Calculations (a) Interest Rate. Except as set forth in Section 2.3(b), or as ------------- specified to the contrary in any Loan Document, any Advances under this Exim Agreement shall bear interest, on the average daily balance, at a rate equal to the Prime Rate per annum.

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate. 5.10.2 In respect of Interest Periods pursuant to Clause 5.3.2 and subject to Clause 5.3.2, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during an Interest Period shall be the Fixed Rate.

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Calculations Respecting Accrued Interest Accrued interest on any Certificate shall be calculated based upon a 360-day year consisting of twelve 30-day months and Pass-Through Rates shall be carried out to eight decimal places, rounded if necessary. All dollar amounts calculated hereunder shall be rounded to the nearest xxxxx.

  • Applicable Interest Rates (a) U.S.

  • Interest Rates and Payment Dates (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), all outstanding Loans and Reimbursement Obligations (whether or not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

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