Applicable Percentage Adjustment Sample Clauses
Applicable Percentage Adjustment. The Borrower and the Lenders authorize the Administrative Agent to ratably adjust the Applicable Percentage of each Lender in order to give effect to any Incremental Commitment with respect to the Revolving Commitment. Upon a Lender providing any Incremental Commitment, each other Lender in the same Class as such Lender that does not participate in such Incremental Commitment shall have its Applicable Percentage reduced on a pro rata basis such that the total Applicable Percentage of all Lenders of such Class shall remain 100%.
Applicable Percentage Adjustment. The chart in the definition of "Applicable Percentage" in Appendix A to the Participation Agreement is deleted and replaced by the following: ===================== ================= ===================== ==================== =================== =================== Applicable Applicable Applicable Percentage for the Percentage Applicable Percentage for Lender and Holder for Applicable Percentage Eurodollar Unused Eurodollar Holder Percentage for ABR Holder Leverage Ratio Loans Fee Advances for ABR Loans Advances --------------------- ----------------- --------------------- -------------------- ------------------- ------------------- --------------------- ----------------- --------------------- -------------------- ------------------- ------------------- Category 1 < 2.00 to 1.00 1.500% 0.300% 2.250% 0.000% 0.750% --------------------- ----------------- --------------------- -------------------- ------------------- ------------------- --------------------- ----------------- --------------------- -------------------- ------------------- ------------------- Category 2 > or equal to 2.00 to 1.00 but < 2.50 to 1.00 1.750% 0.375% 2.500% 0.250% 1.000% --------------------- ----------------- --------------------- -------------------- ------------------- ------------------- --------------------- ----------------- --------------------- -------------------- ------------------- ------------------- Category 3 > or equal to 2.50 to 1.00 but < 3.00 to 1.00 2.000% 0.500% 2.750% 0.500% 1.250% --------------------- ----------------- --------------------- -------------------- ------------------- ------------------- --------------------- ----------------- --------------------- -------------------- ------------------- ------------------- Category 4 > or equal to 3.00 to 1.00 2.250% 0.500% 3.000% 0.750% 1.500% ===================== ================= ===================== ==================== =================== =================== The parties hereto agree that as of the date hereof until the delivery of Lessee's consolidated financial statements for the fiscal quarter ending September 30, 2001 and determination of the Applicable Percentage for the fiscal quarter ending September 30, 2001 in accordance with the terms set forth in the definition of Applicable Percentage, the "Applicable Percentage" shall be the applicable rates per annum set forth in the chart above as Category 4.