Applicable Facility Fee Rate Sample Clauses

Applicable Facility Fee Rate. The applicable rate per annum with respect to the Facility Fee shall be as set forth in the Pricing Table. Applicable L/C Rate. The applicable rate per annum on the Maximum Drawing Amount shall be as set forth in the Pricing Table.

Applicable Facility Fee Rate. Consolidated Total Debt If Leverage Ratio to EBITDA is less than or If Leverage Ratio (rolling four quarter) equal to 0.35 is greater than 0.35 ---------------------- ------------------ -------------------- If Less than .50 +0.200% +0.250% If Less than 1.00 but greater than +0.275% +0.325% or equal to .50 If Less than 1.50 but greater than +0.325% +0.350% or equal to 1.00 If Greater than or equal to 1.50 +0.350% +0.375%

Applicable Facility Fee Rate. As of any date of determination, an annual rate determined based on the ratings assigned to the Borrower’s senior long-term unsecured debt by the Ratings Agencies pursuant to the following table: If the Borrower maintains three ratings and those three ratings are not equivalent, the Applicable Facility Fee Rate will be based on the lower of the two highest ratings. If the Borrower maintains two ratings and those two ratings are not equivalent, the Applicable Facility Fee Rate shall be based on the higher of the two ratings. If the Borrower fails to maintain at least two ratings, the Applicable Facility Fee Rate shall be based on an S&P Rating of below BBB-. Any change in the Applicable Facility Fee Rate caused by a change in the ▇▇▇▇▇’▇ Rating, the S&P Rating or the Fitch Rating shall become effective on the first day following the effective date of such change.

Applicable Facility Fee Rate. As of any date of determination, an annual rate determined based on the ratings assigned to the Borrower’s senior long-term unsecured debt by the Ratings Agencies pursuant to the following table: Below BBB- or unrated Below Baa3 or unrated Below BBB- or unrated 0.45 % BBB- Baa3 BBB- 0.35 % BBB Baa2 BBB 0.25 % BBB+ Baa1 BBB+ 0.20 % A- or higher A3 or higher A- or higher 0.175 % If the Borrower maintains three ratings and those three ratings are not equivalent, the Applicable Facility Fee Rate will be based on the lower of the two highest ratings. If the Borrower maintains two ratings and those two ratings are not equivalent, the Applicable Facility Fee Rate shall be based on the higher of the two ratings. If the Borrower fails to maintain at least two ratings, the Applicable Facility Fee Rate shall be based on an S&P Rating of below BBB-. Any change in the Applicable Facility Fee Rate caused by a change in the ▇▇▇▇▇’▇ Rating, the S&P Rating or the Fitch Rating shall become effective on the first day following the effective date of such change.

Applicable Facility Fee Rate. As of any date of determination, an annual rate determined based on the ratings assigned to the Borrower’s non-credit enhanced senior long-term unsecured debt by the Ratings Agencies pursuant to the following table: Pricing Level S&P RatingorFitch Rating ▇▇▇▇▇’▇ Rating Facility Fee Rate If the Borrower maintains two or three ratings and those ratings are not equivalent, the Applicable Facility Fee Rate shall be determined as follows: (i) if the lowest rating is no more than one level lower than the highest rating, then the Pricing Level for the highest rating shall apply (with the ratings for Pricing Level 1 being the highest and the ratings for Pricing Level 6 being the lowest), and (ii) if the lowest rating is more than one level lower than the highest rating, then the Pricing Level that is one level lower than the Pricing Level of the highest rating shall apply. If the Borrower fails to maintain at least one rating from S&P or ▇▇▇▇▇’▇ Pricing Level 6 shall apply. Any change in the Applicable Facility Fee Rate caused by a change in the ▇▇▇▇▇’▇ Rating, the S&P Rating or the Fitch Rating shall become effective on the first day following the effective date of such change.