Changes in the Applicable. Commitment Fee resulting from a change in the Leverage Ratio shall become effective (as of the first day following the Fiscal Quarter in respect of which such Compliance Certificate was required to be delivered) upon delivery by the Borrower to the Administrative Agent of a new Compliance Certificate pursuant to clause (c) of Section 7.1. 1. In the event such Compliance Certificate indicates a Leverage Ratio that would result in an Applicable Commitment Fee which is greater or lesser than the Applicable Commitment Fee theretofore in effect, then (A) such greater or lesser Applicable Commitment Fee shall be deemed to have been in effect for all purposes of this Agreement from the first day following the Fiscal Quarter in respect of which such Compliance Certificate was required to be delivered by the Borrower to the Administrative Agent pursuant to clause (c) of Section 7.1.1 and (B) if the Borrower shall have theretofore made any payment of Commitment Fees in respect of the period from the first day following the Fiscal Quarter in respect of which such Compliance Certificate was required to be delivered to the actual date of delivery of such Compliance Certificate, then, on the next Quarterly Payment Date, either (x) if the new Applicable Commitment Fee rate is greater than the Applicable Commitment Fee rate theretofore in effect, the Borrower shall pay, as a supplemental payment of Commitment Fees, an amount which equals the difference between the amount of Commitment Fees that would otherwise have been paid based on such new Leverage Ratio and the amount of such Commitment Fees actually so paid, or, (y) if the new Applicable Commitment Fee rate is less than the Applicable Commitment Fee rate theretofore in effect, an amount shall be deducted from the interest on Revolving Loans and Commitment Fees and Letter of Credit fees under the first sentence of Section 3.3.3 then otherwise payable in an amount which equals the difference between the amount of Commitment Fees so paid and the amount of Commitment Fees that would otherwise have been paid based on such new Leverage Ratio (or, if no such payment is owed by the Borrower to the Revolving Lenders on such next Quarterly Payment Date, or if such amount owed by the Borrower is less than such difference, the Revolving Lenders shall pay to
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Changes in the Applicable. Commitment Fee resulting from a change in the Leverage Ratio shall become effective (as of the first day following the Fiscal Quarter in respect of which such Compliance Certificate was required to be delivered) upon delivery by the Borrower Company to the Administrative Agent of a new Compliance Certificate pursuant to clause (c) of Section 7.1.
1. In the event such Compliance Certificate indicates a Leverage Ratio that would result in an Applicable Commitment Fee which is greater or lesser than the Applicable Commitment Fee theretofore in effect, then (A) such greater or lesser Applicable Commitment Fee shall be deemed to have been in effect for all purposes of this Agreement from the first day following the Fiscal Quarter in respect of which such Compliance Certificate was required to be delivered by the Borrower Company to the Administrative Agent pursuant to clause (c) of Section 7.1.1 and (B) if the any Borrower shall have theretofore made any payment of Commitment Fees commitment fees in respect of the period from the first day following the Fiscal Quarter in respect of which such Compliance Certificate was required to be delivered by the Company to the actual date Administrative Agent pursuant to clause (c) of delivery of such Compliance CertificateSection 7.1.1, then, on the next Quarterly Payment Date, either (x) if the new Applicable Commitment Fee rate is greater than the Applicable Commitment Fee rate theretofore in effect, the such Borrower shall pay, as a supplemental payment of Commitment Feescommitment fees, an amount which equals the difference between the amount of Commitment Fees commitment fees that would otherwise have been paid based on such new Leverage Ratio and the amount of such Commitment Fees commitment fees actually so paid, or, or (y) if the new Applicable Commitment Fee rate is less than the Applicable Commitment Fee rate theretofore in effect, an amount shall be deducted from the interest on Revolving Loans and Commitment Fees and Letter of Credit fees under the first sentence of Section 3.3.3 then otherwise payable in an amount which equals the difference between the amount of Commitment Fees so paid and the amount of Commitment Fees that would otherwise have been paid based on such new Leverage Ratio (or, if no such payment is owed by the Borrower to the Revolving Lenders on such next Quarterly Payment Date, or if such amount owed by the Borrower is less than such difference, the Revolving Lenders shall pay toFee
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Changes in the Applicable. Commitment Fee resulting from a change in the Leverage Ratio shall become effective (as of the first day following the Fiscal Quarter in respect of which such Compliance Certificate was required to be delivered) upon delivery by the Borrower to the Administrative Agent of a new Compliance Certificate pursuant to clause (c) of Section 7.1.
1. In If the event Borrower shall fail to deliver a Compliance Certificate within the number of days after the end of any Fiscal Quarter as required pursuant to clause (c) of Section 7.1.1 (without giving effect to any grace period), the Applicable Commitment Fee from and including the first day after the date on which such Compliance Certificate indicates was required to be delivered to but not including the date the Borrower delivers to the Administrative Agent a Compliance Certificate shall conclusively equal the highest Applicable Commitment Fee set forth above. Notwithstanding the foregoing, the Borrower may, in its sole discretion, following the end of any Fiscal Quarter, deliver to the Administrative Agent a written estimate (the "Leverage Ratio Estimate") setting forth the Borrower's good faith estimate of the Leverage Ratio (based on calculations contained in a Compliance Certificate) that would result will be set forth in the next Compliance Certificate required to be delivered by the Borrower to the Administrative Agent pursuant to clause (c) of Section
7.1.1. 7 from that calculated in the Leverage Ratio Estimate delivered for the Fiscal Quarter with respect to which such Compliance Certificate has been delivered, and such difference results in an Applicable Commitment Fee which is greater or lesser than the Applicable Commitment Fee theretofore in effect, then (A) such greater or lesser Applicable Commitment Fee shall be deemed to have been be in effect for all purposes of this Agreement from the first day following the Fiscal Quarter in respect delivery of which such Compliance Certificate was required to be delivered by the Borrower to the Administrative Agent pursuant to clause (c) of Section 7.1.1 Leverage Ratio Estimate, and (B) if the Borrower shall have theretofore made any payment of Commitment Fees in respect of the period from the first day following the Fiscal Quarter in respect delivery of which such Compliance Certificate was required to be delivered the Leverage Ratio Estimate to the actual date of delivery of such the Compliance Certificate, then, on the next Quarterly Payment Date, either (x) if the new Applicable Commitment Fee rate is greater than the Applicable Commitment Fee rate theretofore in effect, the Borrower shall pay, promptly pay as a supplemental payment of Commitment Fees, an amount which equals the difference between the amount of Commitment Fees that would otherwise have been paid based on such new Leverage Ratio and the amount of such Commitment Fees actually so paid, or, or (y) if the new Applicable Commitment Fee rate is less than the Applicable Commitment Fee rate theretofore in effect, an amount shall be deducted from the interest on Revolving Loans and Commitment Fees and Letter of Credit fees Fees under the first sentence of Section 3.3.3 then otherwise payable in an amount which equals the difference between the amount of Commitment Fees so paid and the amount of Commitment Fees that would otherwise have been paid based on such new Leverage Ratio (or, if no such payment is owed by the Borrower to the Revolving applicable Lenders on such next Quarterly Payment Date, or if such amount owed by the Borrower is less than such difference, the Revolving applicable Lenders shall pay toto the Borrower on such next Quarterly Payment Date the amount of such difference less the amount, if any, owed by the Borrower to such Lenders on such Quarterly Payment Date).
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