Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.
Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.
Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.
Examples of Applicable Commitment Fee Percentage in a sentence
The Borrower shall pay to the Agent for the account of each Lender in accordance with its Applicable Percentage, a commitment fee (the “Commitment Fee”) calculated on a per annum basis equal to the Applicable Commitment Fee Percentage times the actual daily amount by which the Aggregate Commitments exceed the Total Outstandings.
More Definitions of Applicable Commitment Fee Percentage
Applicable Commitment Fee Percentage. 0.25% per annum.
Applicable Commitment Fee Percentage initially means a percentage per annum equal to 0.250%. From and after each Start Date to and including the applicable End Date, the Applicable Commitment Fee Percentage (hereinafter, the “Adjustable Applicable Commitment Fee Percentage”) shall be that commitment percentage set forth below opposite the Historical Utilized Commitment for such Start Date, as determined by the Administrative Agent: Level Historical Utilized Commitment Commitment Percentage I Less than 50% of the Total Commitment as then in effect 0.375 % II Greater than or equal to 50% of the Total Commitment as then in effect 0.250 % The Adjustable Applicable Commitment Fee Percentage so determined shall apply, except as set forth in the immediately succeeding sentence, from the relevant Start Date to and including the applicable End Date. Notwithstanding anything to the contrary contained above in this definition, (i) from and after the most recent Incremental Commitment Date for any Incremental Commitment Agreement pursuant to which the Applicable Commitment Fee Percentage and Adjustable Applicable Commitment Fee Percentage have been increased above the Applicable Commitment Fee Percentage and the Adjustable Applicable Commitment Fee Percentage in effect immediately prior to such Incremental Commitment Date, each of the Applicable Commitment Fee Percentage and the Adjustable Applicable Commitment Fee Percentage shall be increased to those respective percentages per annum set forth in the applicable Incremental Commitment Agreement and (ii) from and after the Extension, with respect to any Extended Commitments and Extended Loans, the Applicable Commitment Fee Percentage and Adjustable Applicable Commitment Fee Percentage specified for such Extended Commitments and Extended Loans shall be those set forth in the applicable definitive documentation thereof.
Applicable Commitment Fee Percentage means a rate per annum equal to the applicable rate specified in the pricing schedule attached hereto as Appendix I.
Applicable Commitment Fee Percentage means, as of any date, the percentage per annum determined by reference to the applicable Adjusted Total Debt to EBITDAR Ratio in effect on such date as set forth on Schedule 1.1(a) attached hereto; provided, that a change in the Applicable Commitment Fee Percentage resulting from a change in the Adjusted Total Debt to EBITDAR Ratio shall be effective on the second Business Day after the date the Borrower is required to deliver the financial statements required by Section 5.1(a) or (b) and the compliance certificate required by Section 5.1(c); provided, further, that if at any time the Borrower shall have failed to deliver such financial statements and such certificate, the Applicable Commitment Fee Percentage shall be at Level IV until such time as such financial statements and certificate are delivered, at which time the Applicable Commitment Fee Percentage shall be determined as provided above. Notwithstanding the foregoing, the Applicable Commitment Fee Percentage from the Closing Date until the first financial statements and compliance certificate are required to be delivered shall be at Level II.
Applicable Commitment Fee Percentage means, with respect to the Aggregate Revolving Commitment and the Aggregate Incremental Commitment, a percentage, per annum, (a) determined by reference to the Consolidated Leverage Ratio in effect from time to time as set forth in the pricing grid below, and (b) also determined by reference (i) in the case of the Aggregate Revolving Commitment, to the Usage applicable to the Aggregate Revolving Commitment for any period, and (ii) in the case of the Aggregate Incremental Commitment, to the Usage applicable to the Aggregate Incremental Commitment for any period, all as set forth in the pricing grid below: ======================== ================================== ===================== CONSOLIDATED LEVERAGE COMMITMENT FEE COMMITMENT FEE RATIO USAGE GREATER THAN OR EQUAL TO 50% USAGE LESS THAN 50% ------------------------ ---------------------------------- --------------------- greater than or equal to 5.00:1.00 0.500% 0.750% ------------------------ ---------------------------------- --------------------- less than 5.00:1.00 0.375% 0.500% ======================== ================================== ===================== The "APPLICABLE COMMITMENT FEE PERCENTAGE" shall be determined by reference to the Consolidated Leverage Ratio set forth in the most recent Leverage Ratio Certificate delivered pursuant to SECTION 8.2(b). No change in the Applicable Commitment Fee Percentage shall be effective until three (3) Business Days after the date on which the Administrative Agent shall have received the applicable financial statements and a Leverage Ratio Certificate pursuant to SECTION 8.2(b) calculating such new Consolidated Leverage Ratio. If the Principal Companies shall have not submitted to the Administrative Agent the applicable information within fifteen (15) days after the same is required under SECTION 8.2(b), the Applicable Commitment Fee Percentage shall be determined, from and after the expiration of such period of fifteen (15) days and until the applicable information has been submitted, as if the Consolidated Leverage Ratio were in excess of 5.00:1.00. Promptly following receipt of the applicable information as and when required under SECTION 8.2(b), the Administrative Agent shall give each Lender facsimile or telephonic notice (confirmed in writing) of the Applicable Commitment Fee Percentage in effect from such date. The "APPLICABLE COMMITMENT FEE PERCENTAGE" applicable to any Aggregate Commitment for any particular period shall also be determined by ...
Applicable Commitment Fee Percentage means, as of any date, with respect to the Commitment Fee as of any date, the percentage per annum determined by reference to the applicable Rating Category as set forth on Schedule I; provided, that a change in the Applicable Commitment Fee Percentage resulting from a change in the Rating Category shall be effective on the day on which any rating agency changes its rating and shall continue until the day prior to the day that a further change becomes effective. Notwithstanding the foregoing, the Applicable Commitment Fee Percentage for the Commitment Fee from the Closing Date until the first change in the applicable Rating Category after the Closing Date shall be at Level III as set forth on Schedule I.
Applicable Commitment Fee Percentage means, with respect to any Margin Period, the applicable percentage set forth below: