Margin and commitment fee. (A) The Margin for any Interest Period shall be 0.40 per cent. per annum. (B) The Borrowers shall pay a commitment fee in dollars calculated from day to day on the daily undrawn amount of the Commitment on the basis of actual days elapsed from the Signing Date and a 360 day year at the rate of 0.1375 per cent. per annum. (C) The commitment fee shall be paid to the Facility Agent for the account of the Lenders pro rata to the proportion which their respective Commitments bear to the Total Commitments under the Facility. (D) Subject to paragraph (E) below, unless notice has been given to the Facility Agent in accordance with the provisions of Clause 9.2 that the Facility is to be cancelled in full on the date which is three months after the Signing Date, the commitment fee shall be paid on the date which is three months after the Signing Date and on each date falling at three monthly intervals thereafter and on the Final Drawing Date (or any earlier date on which the relevant Commitments of the Lenders are permanently reduced to zero). (E) No commitment fee will be payable if the Facility is or has been cancelled in full on the date which is three months after the Signing Date.

Margin and commitment fee. (a) The Margin (expressed as a percentage per annum) will be set in accordance with paragraphs (b) and (c) below to the percentage rate specified in the table below set opposite the long term credit rating assigned by the Rating Agencies to the Parent, as follows: (b) Promptly after becoming aware of the same, the Parent shall notify the Agent in writing if any change in the long term credit rating assigned to the Parent occurs or the circumstances contemplated by paragraph (d)(v) below arise (each an "Adjustment Event"). (i) The Margin will be adjusted (if applicable) three Business Days after receipt by the Agent of notification of an Adjustment Event in accordance with paragraph (b) above or, if earlier, three Business Days after the date on which the Agent otherwise becomes aware of that Adjustment Event; and (ii) the Agent shall notify in writing the Lenders and the Parent of any adjustment to the Margin under sub-paragraph (i) above. (d) For the purposes of this Clause 8.7:

Margin and commitment fee. (a) Subject to the following provisions of this Clause, the Margin will be 0.55 per cent. per annum in respect of Tranches A and C and 0.65 per cent. per annum in respect of Tranche B. (b) The Margin for all Advances in a Tranche will be adjusted in accordance with paragraph (d) below to the percentage rate specified below the reference to that Tranche in the table below and set opposite the long term credit rating assigned by either Moody's or S&P at such time to Vodafone. ----------------------------------------- --------------------------- --------------------------------- Moody's or S&P Rating Tranches A and C Tranche B (% p.a.) (% p.a.) ----------------------------------------- --------------------------- --------------------------------- A2/A or higher 0.45 0.55 ----------------------------------------- --------------------------- --------------------------------- A3/A- 0.50 0.60 ----------------------------------------- --------------------------- --------------------------------- Baa1/BBB+ 0.55 0.65 ----------------------------------------- --------------------------- --------------------------------- Baa2/BBB or lower 0.70 0.80 ----------------------------------------- --------------------------- --------------------------------- (c) If at any time after a Margin has been determined in accordance with paragraph (b), no long term credit rating is assigned to Vodafone by either Moody's or S&P, the Margin for all Advances in a Tranche will be the Margin for that Tranche shown in the table in paragraph (b) above which applied immediately prior to the date Vodafone ceased to have a long term credit rating assigned to it. (d) Any adjustment to the Margin (whether upwards or downwards) in accordance with paragraph (b) or (c) above or (g)(iv) below will only apply to the Term of any Advance, or any Interest Period of an Advance, which starts on or after: (i) the date of publication of any relevant change to the long term credit rating assigned to Vodafone; or (ii) the date on which no long term credit rating is assigned to Vodafone by either Moody's or S&P as provided in paragraph (c) above; and/or (iii) the date on which the requirements of sub-paragraph (g)(iv) below are satisfied (or cease to be satisfied). (e) The commitment fee referred to in Clause 20.1 (Commitment fee) shall be on each day: (i) (in respect of Tranche A and Tranche B) 0.125 per cent. per annum; and (ii) (in respect of Tranche C) 0.20 per cent. per annum until the long term credit ra...

Margin and commitment fee. (a) The Margin will be:

Margin and commitment fee. (a) Subject to the following provisions of this Clause, the Margin for each Advance (other than a U.S. Swingline Advance) will be 0.25 per cent. per annum, and the commitment fee referred to in Clause 20.1 (Commitment Fee) will be 0.0875 per cent. per annum. (b) The applicable Margin for all Advances and the commitment fee referred to in Clause 20.1 (Commitment fee) will each be adjusted in accordance with paragraphs (c) and (d) below to the percentage rate per annum specified in Column 1 or Column 2 respectively as set out below opposite the long term credit rating assigned to the Parent by Xxxxx’x Investors’ Services, Inc. (Moody’s) and Standard & Poor’s Corporation (S&P) specified in Column 3 below (or in the case of a split rating where Clause 8.5(c) below applies where applicable on the equivalent from a third rating agency):

Margin and commitment fee. (a) The Margin (expressed as a percentage per annum) will be set in accordance with clauses 10.5(b) and (c) to the percentage rate specified in the table below set opposite the long term credit rating assigned by the Rating Agencies to the Company, as follows: A+/A1 0.125 X/X0 0.000 X-/X0 0.175 BBB+/Baa1 0.225 BBB/Baa2 0.250 BBB-/Baa3 or lower 0.275 (b) Promptly after becoming aware of the same, the Company shall notify the Agent in writing if any change in the long term credit rating assigned to the Company occurs or the circumstances contemplated by clause 10.5(d)(v) arise (each an “Adjustment Event”). (i) The Margin will be adjusted (if applicable) three Business Days after receipt by the Agent of notification of an Adjustment Event in accordance with clause 10.5(b) or, if earlier, three Business Days after the date on which the Agent otherwise becomes aware of that Adjustment Event; and (ii) The Agent shall notify in writing the Lenders and the Company of any adjustment to the Margin under sub-paragraph (i) above. (d) For the purposes of this clause 10.5:

Related to Margin and commitment fee

Unused Commitment Fee Borrower shall pay to Bank a fee equal to ten-hundredths percent (0.10%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a calendar quarter basis by Bank and shall be due and payable by Borrower in arrears on the last day of each September, December, March and June.
Commitment Fee The Borrowers agree to pay to the Administrative Agent for the account of any Revolving Credit Lender under each Class of Revolving Credit Commitments in accordance with its Pro Rata Share or other applicable share provided for under this Agreement, a commitment fee equal to the product of the Applicable Rate with respect to unused Revolving Credit Commitment fees for such Class and the actual daily amount by which the aggregate Revolving Credit Commitment for the applicable Class of Revolving Credit Commitments exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans for such Class of Revolving Credit Commitments and (B) the Outstanding Amount of L/C Obligations for such Class of Revolving Credit Commitments; provided that any commitment fee accrued with respect to any of the Revolving Credit Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrowers so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been due and payable by the Borrowers prior to such time; provided, further, that no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee on each Class of Revolving Credit Commitments (unless otherwise specified in the relevant Additional Facility Joinder Agreement, Extension Amendment or Refinancing Amendment) shall accrue at all times starting from the first day of the Revolving Credit Availability Period for such Class until the earlier of (x) the last day of the Revolving Credit Availability Period for such Class of Revolving Credit Commitments, and (y) the date of the termination of the Revolving Credit Commitments of such Class, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable (i) quarterly in arrears on the last Business Day of each of March, June, September and December, commencing with the first such date during the first full fiscal quarter to occur after the first day of the Revolving Credit Availability Period for such Class of Revolving Credit Commitments and (ii) on the earlier of (x) the Maturity Date for such Class of Revolving Credit Commitments and (y) the date of the termination of the Revolving Credit Commitments of such Class. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.
Revolving Credit Commitment Fee The Borrowers shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee shall be payable quarter-annually in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.
Commitment Fees, etc (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the date hereof. (b) The Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the dates as set forth in any fee agreements with the Administrative Agent and to perform any other obligations contained therein.
Commitment Fees Accruing from the date hereof until the Expiration Date, the Borrower agrees to pay to the Administrative Agent for the account of each Lender, as consideration for such Lender’s Revolving Credit Commitment hereunder, a nonrefundable commitment fee (the “Commitment Fee”) equal to the Applicable Commitment Fee Rate (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) on the average daily difference between the amount of (a) such Lender’s Revolving Credit Commitment as the same may be constituted from time to time and (b) such Lender’s Revolving Exposure (for purposes of this computation, Swing Loans shall not be deemed to be borrowed amounts under its Revolving Credit Commitment); provided, however, that any Commitment Fee accrued with respect to the Revolving Credit Commitment of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such Commitment Fee shall otherwise have been due and payable by the Borrower prior to such time; and provided further that no Commitment Fee shall accrue with respect to the Revolving Credit Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. Subject to the proviso in the directly preceding sentence, all Commitment Fees shall be payable in arrears on each Payment Date.
Facility Fee The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee, in Dollars, equal to the Applicable Rate for facility fees times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate for facility fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate for facility fees separately for each period during such quarter that such Applicable Rate for facility fees was in effect.
Additional Commitment Lenders The Borrower shall have the right to replace each Non-Extending Lender with, and add as “Lenders” under this Agreement in place thereof, one or more Eligible Assignees (each, an “Additional Commitment Lender”) as provided in Section 10.13; provided that each of such Additional Commitment Lenders shall enter into an Assignment and Assumption pursuant to which such Additional Commitment Lender shall, effective as of the Existing Maturity Date, undertake a Commitment (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender’s Commitment hereunder on such date).
Term Loan Commitment As to each Term Loan Lender, the amount equal to such Term Loan Lender’s Term Loan Commitment Percentage of the aggregate principal amount of the Term Loans from time to time outstanding to the Borrower.
Commitments and Applicable Percentages 5.01 Loan Parties Organizational Information 5.08(b)(1) Owned Real Estate 5.08(b)(2) Leased Real Estate 5.10 Insurance 5.13 Subsidiaries; Other Equity Investments
Revolving Loan Commitment Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as the Company may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability.

Margin and commitment fee Sample Clauses

Filter & Search

Related Clauses

Parent Clauses

Related to Margin and commitment fee