Applicable Commitment Fee Rate definition
Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”
Applicable Commitment Fee Rate means:
Applicable Commitment Fee Rate means, at any time, the percentage rate per annum at which Commitment Fees are accruing on the actual unused amount of the Aggregate Commitment at such time as set forth in the Pricing Schedule.
Examples of Applicable Commitment Fee Rate in a sentence
The Borrower agrees to pay to the Administrative Agent for the account of each Lender, a commitment fee, which shall accrue at the Applicable Commitment Fee Rate on the unused amount of the Dollar Commitment and Multicurrency Commitment of such Lender, as applicable, on each day during the period from and including the Effective Date to the earlier of the date the Commitments terminate and the Revolver Termination Date.
More Definitions of Applicable Commitment Fee Rate
Applicable Commitment Fee Rate on any date with respect to any commitment fee, the rate per annum equal to 0.50%.
Applicable Commitment Fee Rate means, with respect to any day during the period commencing on the Effective Date and ending on the earlier of the date the Commitments are terminated and the Revolving Termination Date, a rate per annum equal to (x) 1.00%, if the used portion of the aggregate Commitments as of the close of business on such day (after giving effect to Borrowings, prepayments and Commitment reductions on such day) is less than or equal to an amount equal to fifty percent (50%) of such aggregate Commitments and (y) 0.50% if the used portion of the aggregate Commitments as of the close of business on such day (after giving effect to Borrowings, prepayments and Commitment reductions on such day) is greater than an amount equal to fifty percent (50%) of such aggregate Commitments. For purposes of determining the Applicable Commitment Fee Rate, the Commitments shall be deemed to be used to the extent of the outstanding Loans of all Lenders.
Applicable Commitment Fee Rate means the "Applicable Commitment Fee Rate" determined in accordance with the Pricing Grid set forth in Annex I hereto.
Applicable Commitment Fee Rate is defined in Section 2.6(b) hereof.
Applicable Commitment Fee Rate means, with respect to Initial Revolving Commitments, a percentage per annum equal to:
Applicable Commitment Fee Rate set forth in the supplement relating thereto entered into pursuant to Section 2.19. “Applicable Lending Office” means, with respect to each Lender, (a) its U.S. Lending Office in the case of a Loan to the U.S. Borrower, and (b) its Canadian Lending Office in the case of a Loan to the Canadian Borrower. “Applicable Percentage” means, with respect to any Lender, the percentage of the total Dollar Equivalent of the aggregate outstanding Loans and Commitments represented by such Lender’s Loans and Commitments; provided that in the case of Section 2.19 when a Defaulting Lender shall exist, “Applicable Percentage” shall mean the percentage of the total Dollar Equivalent of the aggregate outstanding Loans and Commitments (disregarding any Defaulting Lender’s Loans and Commitments) represented by such ▇▇▇▇▇▇’s Dollar Equivalent of the aggregate outstanding Loans and Commitments. If the Revolving Loans have been repaid and the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Loans and Commitments most recently in effect, giving effect to any assignments and to any Lender’s status as a Defaulting Lender at the time of determination. As the context requires, the Applicable Percentage with respect to any Lender and any Class shall mean the percentage of the total Dollar Equivalent of the aggregate outstanding Loans and Commitments of such Class represented by such ▇▇▇▇▇▇’s Loans and Commitments of such Class. “Applicable Prepayment Percentage” shall mean, (a) 100% if the Consolidated First Lien Net Leverage Ratio as of the last day of the most recently ended fiscal quarter is greater than 3.50 to 1.00, (b) 50% if the Consolidated First Lien Net Leverage Ratio as of the last day of the most recently ended fiscal quarter is equal to or less than 3.50 to 1.00 and greater than 3.00 to 1.00 and (c) 0% if the Consolidated First Lien Net Leverage Ratio as of the last day of the most recently ended fiscal quarter is equal to or less than 3.00 to 1.00. III
Applicable Commitment Fee Rate means (a) until delivery of financial statements and a related Compliance Certificate for the first full fiscal quarter commencing on or after the Amendment and Restatement Effective Date pursuant to Section 9.01(e), a rate per annum equal to 0.50% and (b) thereafter, a percentage per annum equal for any day, the applicable percentage per annum set forth below, as determined by reference to the Consolidated First Lien Net Leverage Ratio, as set forth in the then most recent Compliance Certificate received by the Administrative Agent pursuant to Section 9.01(e) prior to such day: Any increase or decrease in the Applicable Commitment Fee Rate resulting from a change in the Consolidated First Lien Net Leverage Ratio shall become effective as of the first Business Day immediately following the date the applicable Compliance Certificate is delivered pursuant to Section 9.01(e); provided that “Pricing Level 1” shall apply without regard to the Consolidated First Lien Net Leverage Ratio (x) at any time after the date on which any quarterly or annual financial statement was required to have been delivered pursuant to Section 9.01(a) or Section 9.01(b) but was not delivered (or the Compliance Certificate related to such financial statements was required to have been delivered pursuant to Section 9.01(e) but was not delivered), commencing with the first Business Day immediately following such date and continuing until the first Business Day immediately following the date on which such financial statements (or, if later, the Compliance Certificate related to such financial statements) are delivered, or (y) at the election of the Majority Lenders of all the Tranches in the aggregate of Revolving Commitments at such time, at all times if an Event of Default shall have occurred and be continuing. Notwithstanding anything to the contrary contained above in this definition or elsewhere in this Agreement, if it is subsequently determined that the Consolidated First Lien Net Leverage Ratio set forth in any Compliance Certificate delivered to the Administrative Agent is inaccurate for any reason and the result thereof is that the Lenders received interest or fees for any period based on an Applicable Commitment Fee Rate that is less than that which would have been applicable had the Consolidated First Lien Net Leverage Ratio been accurately determined, then, for all purposes of this Agreement, the Applicable Commitment Fee Rate for any day occurring within the period covered...