Applicable Facility Fee Margin definition

Applicable Facility Fee Margin means, for any period, the applicable of the following percentages in effect with such period based on the Leverage Ratio and the Fixed Charges Coverage Ratio as follows:
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Applicable Facility Fee Margin means the applicable percentage set forth below based upon the Level then in effect: Level Margin ----- ------ Level I .050% Level II .060% Level III .070% Level IV .080% Level V .100% Level VI .125% Level VII .200%
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Applicable Facility Fee Margin has the meaning ascribed to it by, and shall be determined in accordance with, Schedule 1.
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Examples of Applicable Facility Fee Margin in a sentence

  • This fee shall be determined by applying the Applicable Facility Fee Margin to the Total Revolving Credit Commitments.

  • Such Facility Fee shall be an amount equal to the product of the Commitment of such Bank multiplied by a per annum rate equal to the Applicable Facility Fee Margin.


More Definitions of Applicable Facility Fee Margin

Applicable Facility Fee Margin means the applicable percentage set forth below based upon the Level then in effect:
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Applicable Facility Fee Margin means, for any period, the applicable of the following percentages in effect with such period based on the Leverage Ratio and the Fixed Charges Coverage Ratio as follows: =========================================================================================== I II III IV =========================================================================================== Leverage Ratio is: Less than 15% Greater than 15% Less than 15% Greater than 15% or equal to or equal to ------------------------------------------------------------------------------------------- If Fixed Charges Greater than 2:1 Greater than 2:1 Less than 2:1 Less than 2:1 Coverage Ratio is: or equal to or equal to ------------------------------------------------------------------------------------------- The applicable margin will be: ------------------------------------------------------------------------------------------- Applicable Facility .150% .175% .175% .200% Fee Margin ------------------------------------------------------------------------------------------- Applicable .350% .450% .450% .550% Eurodollar Margin ===========================================================================================
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Applicable Facility Fee Margin means the percentage rate per annum which is applicable at such time as set forth in the Pricing Schedule.
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Applicable Facility Fee Margin shall be equal to the percentage set forth in the appropriate column in the definition of "Applicable Margin". "Applicable Margin" (a) from and after the Effective Date to the Restatement Effective Date, for each Eurodollar Loan and for the Facility Fee shall be equal to the percentage set forth in the appropriate column in the first table below, and (b) from and after the Restatement Effective Date, for each Eurodollar Loan, for the Facility Fee and for the Utilization Fee shall be equal to the percentage set forth in the appropriate column in the second table below, in each case relating to Senior Debt ("Debt Rating") from Standard & Poor's and Moody's. In the event any of the Company's Debt Ratings fall in more than one level of the table, the Applicable Margin will be based on the level which includes the higher rating (associated with the less expensive pricing), unless there is a split in Debt Ratings of more than one level, in which case the level that is one level higher than the level corresponding to the lower Debt Rating shall apply. All such ratings shall apply to Senior Debt. The Applicable Margin shall be subject to adjustment (upward or downward, as the case may be), effective as of the date on which Standard & Poor's or Moody's announces a rating change which results in a change in the Applicable Margin. Level Standard & Poor's Senior Debt Rating Moody's Senior Debt Rating Applicable Facility Fee Margin Applicable Eurodollar Margin Level I AA- or higher Aa3 or higher .055% .115% Level II A+ A1 .060% .125% Level III A A2 .070% .130% Level IV A- A3 .075% .150% Level V BBB+ Baa1 .085% .165% Level VI BBB or lower Baa2 or lower .110% .240% From and After Restatement Effective Date Level Standard & Poor's Senior Debt Rating Moody's Senior Debt Rating Applicable Facility Fee Margin Applicable Utilization Fee Margin Applicable Eurodollar Margin Level I AA- or higher Aa3 or higher .070% .050% .130% Level II A+ A1 .080% .050% .170% Level III A A2 .090% .050% .210% Level IV A- A3 .100% .050% .275% Level V BBB+ Baa1 .125% .100% .425% Level VI BBB or lower Baa2 or lower .150% .100% .500%
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Applicable Facility Fee Margin means a per annum rate equal to .1% (10 basis points) at all times when the Obligations outstanding hereunder are less than $75,000,000 and (ii) .25% (25 basis points) at all times when the Obligations outstanding hereunder are equal to or greater than $75,000,000.
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Applicable Facility Fee Margin means, on any date (subject to ------------------------------ clauses (b) through (d) of the definition of "Applicable Rating Level"), the applicable margin set forth below based on the Applicable Rating Level on such date: Applicable Rating Level Margin ------------ ------ Level I 0.0700% Level II 0.1250% Level III 0.1750%
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Related to Applicable Facility Fee Margin

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Applicable Facility 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 Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof: 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Ratings-Based Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • 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 Unused Commitment Fee Rate means 0.50% per annum.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • 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 Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including the last day of the third full calendar month following the Closing Date, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: I > 50% of the Maximum Revolver Amount 0.375 percentage points II ≤ 50% of the Maximum Revolver Amount 0.50 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by Agent.

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Applicable Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate certain of the fees due and payable hereunder, determined by reference to the appropriate columns in the Pricing Matrix attached to this Agreement as Schedule 1.1.

  • Undrawn Fee Rate has the meaning set forth in the Fee Letter.

  • Applicable Revolving Commitment Fee Percentage means (a) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the second full Fiscal Quarter after the Closing Date, a percentage, per annum, determined by reference to the following table as if the Leverage Ratio then in effect were 3.00:1.00; and (b) thereafter, a percentage, per annum, determined by reference to the Leverage Ratio in effect from time to time as set forth below: >3.00:1.00 0.75% 1.30% <3.00:1.00 >2.50:1.00 0.75% 1.20% No change in the Applicable Revolving Commitment Fee Percentage shall be effective until three (3) Business Days after the date on which the Administrative Agent has received the applicable financial statements and a Compliance Certificate pursuant to Section 5.01(c) calculating the Leverage Ratio. At any time the Borrower Representative has not submitted to the Administrative Agent the applicable information as and when required under Section 5.01(c), the Applicable Revolving Commitment Fee Percentage shall be determined as if the Leverage Ratio were in excess of 3.00:1.00. Promptly following receipt of the applicable information under Section 5.01(c), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Revolving Commitment Fee Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.01 is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Revolving Commitment Fee Percentage for any Applicable Period than the Applicable Revolving Commitment Fee Percentage applied for such Applicable Period, then (i) the Borrower Representative shall immediately deliver to the Administrative Agent a correct certificate required by Section 5.01 for such Applicable Period, (ii) the Applicable Revolving Commitment Fee Percentage shall be recalculated with the Leverage Ratio at the corrected level and (iii) each applicable Borrower shall immediately pay to the Administrative Agent the accrued additional fees owing as a result of such increased Applicable Revolving Commitment Fee Percentage for such Applicable Period. Nothing in this definition shall limit the right of the Administrative Agent or any Lender under Section 2.10 or Article VIII and the provisions of this definition shall survive the termination of this Agreement.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Applicable Fee Rate means, at any time, the percentage rate per annum at which Commitment Fees are accruing on the unused portion of the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period:

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.