Applicable Percentages. Any Loan requested on a Credit Date shall be made by the applicable Lenders simultaneously and proportionately to their respective Applicable Percentages, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder.
Applicable Percentages. The Applicable Percentage for Corporate Pool RALs shall be 40%; provided, however, the Applicable Percentage for Corporate Pool RALs shall be 49.999999% for each Tax Period during which Tax Masters (or any of its Affiliates) is the exclusive facilitator of a Refund Anticipation Check Service to customers of Block Offices owned by Block Services, Corporate Franchisees and any of Block Services' Affiliates. The Applicable Percentage for a Major Franchisee Pool RAL shall be 25%. Notwithstanding the foregoing provisions of this Section 2.5, any Applicable Percentage (a) for a particular Tax Period may be such lesser percentage as specified by BFC by giving written notice to Tax Masters and HTMAC on or before September 1 immediately prior to such Tax Period (it being understood that (i) such lesser percentage shall pertain only to the particular Tax Period for which such notice is given and (ii) if no such notice is given for a particular Tax Period, the Applicable Percentages shall be the percentages as set forth in this Section 2.5), or (b) for any portion of a particular Tax Period shall be reduced to zero if BFC has exceeded its internal funding limit (it being understood that (i) the reduction of the percentage to zero shall only be in effect during the periods of time BFC has exceeded its internal funding limit and (ii) for the periods of time BFC has not exceeded its internal funding limit, the Applicable Percentages shall be the percentages as set forth in this Section 2.5).
Applicable Percentages. For purposes of Section 6(g), the following percentages shall apply depending on the date of termination under Sections 6(a) – 6(e):
Applicable Percentages. Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and second to Term SOFR Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date or prepayment.
Applicable Percentages. FOR REVOLVING LOANS ----------------------------- FOR FOR PRICING LEVERAGE RATIO EURODOLLAR BASE RATE LOANS LETTER OF UNUSED LEVEL LOANS CREDIT FEE FEE ------- -------------- ---------- --------------- --------- ------ *If on any day following 90 days from the Closing Date, the aggregate outstanding principal amount of all Revolving Loans plus LOC Obligations hereunder together with any "Revolving Loans" outstanding under the 364-Day Credit Agreement, (as such term is defined therein) is less than the product of (A) one-half (1/2) times (B) the Revolving Committed Amount hereunder plus the Revolving Committed Amount under the 364-Day Credit Agreement, the applicable Unused Fee (as shown above) shall be increased by an amount equal to 12.5 basis points. The Applicable Percentages shall be determined and adjusted quarterly on the date (each a "Calculation Date") five Business Days after the date by which the Borrower is required to provide the officer's certificate in accordance with the provisions of Section 7.1(c) for the most recently ended fiscal quarter of the Consolidated Parties; provided, however, that (i) the initial Applicable Percentages shall be based on Pricing Level II (as shown above) and shall remain at Pricing Level II until the date six months following the Closing Date, on and after which time the Pricing Level shall be determined by the Leverage Ratio as of the last day of the most recently ended fiscal quarter of the Consolidated Parties preceding the applicable Calculation Date and (ii) if the Borrower fails to provide the officer's certificate as required by Section 7.1(c) for the last day of the most recently ended fiscal quarter of the Consolidated Parties preceding the applicable Calculation Date, the Applicable Percentage from such Calculation Date shall be based on Pricing Level IV until such time as an appropriate officer's certificate is provided, whereupon the Applicable Percentages shall be determined by the Leverage Ratio as of the last day of the most recently ended fiscal quarter of the Consolidated Parties preceding such Calculation Date. Each Applicable Percentage shall be effective from one Calculation Date until the next Calculation Date. Any adjustment in the Applicable Percentages shall be applicable to all existing Revolving Loans and Letters of Credit as well as any new Revolving Loans and Letters of Credit made or issued.
Applicable Percentages. The respective percentages applicable from time to time to (a) the Eurodollar Loans, or (as the case may be)
Applicable Percentages. EURODOLLAR FACILITY LEVERAGE RATIO LOANS FEES -------------- ---------- -------- Greater than or equal to 3.5:1.0 1.250% 0.500% Less than 3.5:1.0 but greater than or equal to 3.0:1.0 1.000% 0.400% Less than 3.0:1.0 but greater than or 9 -4- equal to 1.5:1.0 0.875% 0.375% Less than 1.5:1.0 0.625% 0.250% Anything in the foregoing provisions of this definition of the term "APPLICABLE PERCENTAGES" to the contrary notwithstanding, the Applicable Percentage for Eurodollar Loans shall not be less than 0.875% and the Applicable Percentage for Facility Fees shall not be less than 0.375% at any time prior to January 26, 2000. APPROVED FUND. Shall mean, with respect to any Lender that is a fund that invests in commercial loans, any other fund that invests in commercial loans and that is managed or advised (a) by the same investment advisor that manages or advises such Lender, or (b) by an affiliate of such investment advisor.
Applicable Percentages. During the Forbearance Period, the ---------------------- Eurodollar Margin and Letter of Credit Fee (as referenced in the definition of "Applicable Percentage") shall be 350 basis points (3.50%), the Base Rate Margin (as referenced in the definition of "Applicable Percentage") shall be 250 basis points (2.50%) and the Commitment Fee (as referenced in the definition of "Applicable Percentage") shall be 50 basis points (0.50%).
Applicable Percentages. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender's failure to make Loans as required.
Applicable Percentages. Notwithstanding anything to the contrary contained in this Agreement: (a) the Borrower may rescind any notice of prepayment given under this Section 2.04(a) in anticipation of a proposed refinancing of the credit facility provided hereunder if such refinancing is not consummated or is otherwise delayed; provided, that the Borrower shall promptly (but in any event within ten (10) Business Days after any such rescission) compensate each Secured Party for any loss, cost or expense incurred by such Secured Party and payable by the Borrower hereunder as a result thereof; and (b) notice of prepayment shall not be required with respect to prepayments of Loans that are effectuated pursuant to Section 2.04(c) or Section 2.04(d).
