Common use of Applicable Commitment Fee Clause in Contracts

Applicable Commitment Fee. For purposes of this Agreement, the terms "LONG-TERM APPLICABLE COMMITMENT FEE" and "SHORT-TERM APPLICABLE COMMITMENT FEE" shall mean the rate per annum set forth in the chart below which corresponds to the range of ratios in which the Borrower's Consolidated Total Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: ---------------------------------------------------------------------------------------------------------------------- Long-Term Applicable Short-Term Applicable Consolidated Total Indebtedness Commitment Fee Commitment Fee to Consolidated EBITDA Ratio ---------------------------------------------------------------------------------------------------------------------- Less than or equal to 1.0 to 1.0 .20% .10% ---------------------------------------------------------------------------------------------------------------------- Greater than 1.0 to 1.0 but less than or equal to 1.5 to 1.0 .25% .125% ---------------------------------------------------------------------------------------------------------------------- Greater than 1.5 to 1.0 but less than or equal to 2.0 to 1.0 .30% .15% ---------------------------------------------------------------------------------------------------------------------- Greater than 2.0 to 1.0 .375% .20% ---------------------------------------------------------------------------------------------------------------------- All such adjustments shall be determined as of the date the Borrower's quarterly financial. statements and Compliance Certificate are required to be delivered to the Lenders pursuant to items (i) and (iii) of Section 6.02. The foregoing notwithstanding, (i) the Long-Term Applicable Commitment Fee from the Closing Date to and including the September 1998 Delivery Date shall be .20% and (ii) the Short-Term Applicable Commitment Fee from the Closing Date to and including the September 1998 Delivery Date shall be .10%. All Commitment Fees shall be payable (i) quarterly in arrears beginning December 31, 1998, and continuing on the last Business Day of each Fiscal Quarter occurring during the term of the Long-Term Revolving Credit Commitment or the Short-Term Revolving Credit Commitment, as appropriate, (ii) upon the relevant Expiration Date and (ii) upon acceleration of the Notes.

Applicable Commitment Fee. For purposes The applicable Commitment Fee set forth in ------------------------- the following table: Applicable Leverage Ratio Commitment Fee ------------------------------------------------------------------------- ------------------------------------------------------------------------- less than 2.75:1 0.250% per annum ------------------------------------------------------------------------- greater than or equal to 2.75:1 but less than 3.25:1 0.300% per annum ------------------------------------------------------------------------- greater than or equal to 3.25:1 but less than 3.75:1 0.350% per annum ------------------------------------------------------------------------- greater than or equal to 3.75:1 but less than 4.00:1 0.375% per annum ------------------------------------------------------------------------- greater than or equal to 4.00:1 but less than 4.25:1 0.450% per annum ------------------------------------------------------------------------- greater than or equal to 4.25:1 0.500% per annum ------------------------------------------------------------------------- The effective date of this Agreementa change in the Applicable Commitment Fee shall be the first day after receipt by the Lenders of financial statements delivered pursuant to (S)9.3(a) or (b) hereof which indicate a change in the Leverage Ratio and in the Applicable Commitment Fee in accordance with the above table. Notwithstanding the foregoing, until June 2, 1997, the terms "LONG-TERM APPLICABLE COMMITMENT FEE" and "SHORT-TERM APPLICABLE COMMITMENT FEE" Applicable Commitment Fee shall mean be 0.375% per annum. If at the time of calculation of the Commitment Fee the most recent financial statements required to be delivered pursuant to (S)9.3(a) or (b) hereof have not been delivered, the Applicable Commitment Fee shall be 0.500% per annum, subject to adjustment upon actual receipt of such financial statements. Applicable Laws. See (S)9.9. ---------- ---- Applicable L/C Fee. The applicable rate per annum of fees for ------------------ Letters of Credit, as set forth in the chart below which corresponds to the range following table: Applicable L/C Fee for Performance Applicable L/C Fee for all other Leverage Ratio Letters of ratios in which the Borrower's Consolidated Total Indebtedness to Consolidated EBITDA Ratio, as at the end Credit Letters of the preceding fiscal quarter, falls: ---------------------------------------------------------------------------------------------------------------------- Long-Term Applicable Short-Term Applicable Consolidated Total Indebtedness Commitment Fee Commitment Fee to Consolidated EBITDA Ratio ---------------------------------------------------------------------------------------------------------------------- Credit --------------------------------------------------------------------------------------------------------------------- Less than 2.75:1 0.500% 1.000% --------------------------------------------------------------------------------------------------------------------- greater than or equal to 1.0 to 1.0 .20% .10% ---------------------------------------------------------------------------------------------------------------------- Greater than 1.0 to 1.0 2.75:1 but less 0.750% 1.250% than 3.25:1 -------------------------------------------------------------------------------------------------------------------- greater than or equal to 1.5 to 1.0 .25% .125% ---------------------------------------------------------------------------------------------------------------------- Greater than 1.5 to 1.0 3.25 but less than 1.000% 1.500% 3.75:1 -------------------------------------------------------------------------------------------------------------------- greater than or equal to 2.0 3.75:1 but less 1.250% 1.750% than 4.00:1 -------------------------------------------------------------------------------------------------------------------- greater than or equal to 1.0 .304.00:1 but less 1.500% .152.000% ---------------------------------------------------------------------------------------------------------------------- Greater than 2.0 4.25:1 -------------------------------------------------------------------------------------------------------------------- greater than or equal to 1.0 .3754.25:1 1.750% .202.250% ---------------------------------------------------------------------------------------------------------------------- All such adjustments -------------------------------------------------------------------------------------------------------------------- The effective date of a change in the Applicable L/C Fee shall be determined as the first day after receipt by the Lenders of financial statements delivered pursuant to (S)9.3(a) or (b) hereof which indicate a change in the date Leverage Ratio and in the Borrower's quarterly financialApplicable L/C Fee in accordance with the above table. Notwithstanding the foregoing, until June 2, 1997, the Applicable L/C Fee shall be 1.250% per annum for all Performance Letters of Credit and 1.750% per annum for all other Letters of Credit. If at any time the financial statements and Compliance Certificate are required to be delivered to the Lenders pursuant to items (iS)9.3(a) and or (iiib) of Section 6.02. The foregoing notwithstandinghereof are not delivered within the time periods specified in such subsections, (i) the Long-Term Applicable Commitment L/C Fee from the Closing Date to and including the September 1998 Delivery Date shall be .201.750% per annum with respect to any Performance Letter of Credit and (ii) 2.25% per annum with respect to any other Letter of Credit issued after the Short-Term Applicable Commitment Fee from the Closing Date date on which such financial statements were required to and including the September 1998 Delivery Date shall be .10%. All Commitment Fees shall be payable (i) quarterly in arrears beginning December 31delivered but before actual receipt of such financial statements, 1998, and continuing on the last Business Day subject to adjustment upon actual receipt of each Fiscal Quarter occurring during the term of the Long-Term Revolving Credit Commitment or the Short-Term Revolving Credit Commitment, as appropriate, (ii) upon the relevant Expiration Date and (ii) upon acceleration of the Notessuch financial statements.

Applicable Commitment Fee. For purposes of this Agreement, the terms "LONG-TERM APPLICABLE COMMITMENT FEE" and "SHORT-TERM APPLICABLE COMMITMENT FEE" Percentage shall mean the with respect to any Unused ------------------------------------ Commitment, except as otherwise provided below, a rate per annum set forth in of (a) 0.50% during the chart below which corresponds to the range of ratios in which the Borrower's Consolidated Total Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: ---------------------------------------------------------------------------------------------------------------------- Long-Term Applicable Short-Term Applicable Consolidated Total Indebtedness Commitment Fee Commitment Fee to Consolidated EBITDA Ratio ---------------------------------------------------------------------------------------------------------------------- Less than or equal to 1.0 to 1.0 .20% .10% ---------------------------------------------------------------------------------------------------------------------- Greater than 1.0 to 1.0 but less than or equal to 1.5 to 1.0 .25% .125% ---------------------------------------------------------------------------------------------------------------------- Greater than 1.5 to 1.0 but less than or equal to 2.0 to 1.0 .30% .15% ---------------------------------------------------------------------------------------------------------------------- Greater than 2.0 to 1.0 .375% .20% ---------------------------------------------------------------------------------------------------------------------- All such adjustments shall be determined as of the date the Borrower's quarterly financial. statements period from and Compliance Certificate are required to be delivered to the Lenders pursuant to items (i) and (iii) of Section 6.02. The foregoing notwithstanding, (i) the Long-Term Applicable Commitment Fee from including the Closing Date to and including Xxxxx 00, 0000, (x) 1.0% per annum during the September 1998 Delivery Date shall be .20% period from and including April 1, 2001 to and including July 31, 2001, and (iic) 1.5% per annum during the Short-Term period from and including August 1, 2001 and at all times thereafter; provided, however, that at all times when the Total Commitment is $50,000,000 or less the Applicable Commitment Fee percentage shall be subject to adjustment, based on the ratio of Consolidated Funded Debt to Consolidated EBITDA, as follows: Ratio of Consolidated Funded Debt Per Annum to Consolidated EBITDA Percentage Rate ------------------------ --------------- ----------------------------------------------------------- Less than 1.00 to 1.00 0.250% ----------------------------------------------------------- Greater than or equal to 1.00 to 1.00, but less than 1.50 to 1.00 0.250% ----------------------------------------------------------- Greater than or equal to 1.50 to 1.00, but less than 2.25 to 1.00 0.375% ----------------------------------------------------------- Greater than or equal to 2.25 to 1.10, but less than 3.00 to 1.00 0.375% ----------------------------------------------------------- Greater than or equal to 3.00 to 1.00, but less than 3.50 to 1.00 0.500% ----------------------------------------------------------- Greater than or equal to 3.50 to 1.00 0.500% =========================================================== Any adjustment in the respective amounts of the Applicable Commitment Fee Percentage, whether upward or downward, shall be effective ten (10) Business Days after the applicable Annual Audited Financial Statements or Quarterly Unaudited Financial Statements of the Borrower and related Compliance Certificate have been delivered to and received by the Agent in accordance with the terms of Sections 6.3(a), (b) and (d) hereof. The ratio of Consolidated --------------------------- Funded Debt to Consolidated EBITDA for purposes of this definition of "Applicable Commitment Fee Percentage" shall be computed for the most recent four consecutive fiscal quarters of the Borrower ending on or immediately prior to the applicable date of determination, based on the Agent's review of the Borrower's most recent Quarterly Unaudited Financial Statements or Annual Audited Financial Statements, as applicable, and related Compliance Certificate which are delivered to and received by the Agent in accordance with Sections -------- 6.3(a), (b) and (d) hereof. Notwithstanding any foregoing provision to the ------------------ contrary set forth in this paragraph, upon the occurrence of any Event of Default, any adjustment downward in the Applicable Commitment Fee Percentage from the Closing Date initial 0.50%, 1.0% or 1.5% per annum percentage rate shall automatically cease and the Applicable Commitment Fee Percentage shall automatically revert to the 0.50%, 1.0% or 1.5% per annum percentage rate amount, as applicable, unless and including until such Event of Default is cured to the September 1998 Delivery Date shall be .10%. All Commitment Fees shall be payable (i) quarterly in arrears beginning December 31, 1998, and continuing on the last Business Day of each Fiscal Quarter occurring during the term satisfaction of the Long-Term Revolving Credit Commitment Agent and the Required Banks or is waived in writing by the Short-Term Revolving Credit CommitmentAgent and the Required Banks, as appropriate, (ii) upon the relevant Expiration Date and (ii) upon acceleration of the Notesapplicable.

Applicable Commitment Fee. For purposes of this Agreement, the terms "LONG-TERM APPLICABLE COMMITMENT FEE" and "SHORT-TERM APPLICABLE COMMITMENT FEE" shall mean the rate per annum set forth in the chart below which corresponds to the range of ratios in which the Borrower's Consolidated Total Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: ---------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------- Consolidated Total Indebtedness Long-Term Applicable Short-Term Applicable to Consolidated Total Indebtedness EBITDA Ratio Commitment Fee Commitment Fee to Consolidated EBITDA Ratio ---------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------- Less than or equal to 1.0 to 1.0 .20% .10% ---------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------- Greater than 1.0 to 1.0 but less than or equal to 1.5 to 1.0 .25% .125% ---------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------- Greater than 1.5 to 1.0 but less than or equal to 2.0 to 1.0 .30% .15% ---------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------- Greater than 2.0 to 1.0 .375% .20% ---------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------- All such adjustments shall be determined as of the date the Borrower's quarterly financialfinancial . statements and Compliance Certificate are required to be delivered to the Lenders pursuant to items (i) and (iii) of Section 6.02. The foregoing notwithstanding, (i) the Long-Term Applicable Commitment Fee from the Closing Date to and including the September June 1998 Delivery Date shall be .20% %, and (ii) the Short-Term Applicable Commitment Fee from the Closing Date to and including the September June 1998 Delivery Date shall be .10%. All Commitment Fees shall be payable (i) quarterly in arrears beginning December 31June 30, 1998, and continuing on the last Business Day of each Fiscal Quarter occurring during the term of the Long-Term Revolving Credit Commitment or the Short-Term Revolving Credit Commitment, as appropriate, (ii) upon the relevant Expiration Date and (ii) upon acceleration of the Notes.

Applicable Commitment Fee. For purposes of this Agreement, the terms ------------------------- term "LONG-TERM APPLICABLE COMMITMENT FEE" and "SHORT-TERM APPLICABLE COMMITMENT FEEApplicable Commitment Fee" shall mean the rate per annum set forth in the chart below which corresponds to the range of ratios in which the Borrower's Consolidated Total Senior Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: ---------------------------------------------------------------------------------------------------------------------- Long-Term Applicable Short-Term Applicable Consolidated Total Senior Indebtedness Commitment Fee Commitment Fee to Consolidated EBITDA Ratio ---------------------------------------------------------------------------------------------------------------------- Commitment Fee ------------------------------------------------------------------------------------------------ Less than 0.5 to 1.0 .15% ------------------------------------------------------------------------------------------------ Equal to or equal greater than 0.5 to 1.0, but less than 1.0 to 1.0 .20.175% .10% ---------------------------------------------------------------------------------------------------------------------- Greater ------------------------------------------------------------------------------------------------ Equal to or greater than 1.0 to 1.0 but less than or equal to 1.5 to 1.0 .25.20% .125% ---------------------------------------------------------------------------------------------------------------------- Greater ------------------------------------------------------------------------------------------------ Equal to or greater than 1.5 to 1.0 but less than or equal to 2.0 to 1.0 .30.225% .15% ---------------------------------------------------------------------------------------------------------------------- Greater ------------------------------------------------------------------------------------------------ Equal to or greater than 2.0 to 1.0 .375.25% .20% ---------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------ All such adjustments shall be determined as of the date the Borrower's quarterly financial. financial statements and Compliance Certificate are required to be delivered to the Lenders pursuant to items (ia), (b) and (iiic) of Section 6.02. The foregoing notwithstanding, (i) the Long-Term Applicable Commitment Fee from the Closing Date to and including the September December 1998 Delivery Date shall be .20% and (ii) the Short-Term Applicable Commitment Fee from the Closing Date to and including the September 1998 Delivery Date shall be .10.15%. All Commitment Fees shall be payable (i) quarterly in arrears beginning December 31, 1998, and continuing on the last Business Day of each Fiscal Quarter occurring during the term of the Long-Term Revolving Credit Commitment or the Short-Term Revolving Credit Commitment, as appropriate, (ii) upon the relevant Expiration Date and (iiiii) upon acceleration of the Notes.