Applicable Facility Fee Percentage definition

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 Facility Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate the facility fee due and payable under section 2.06(a) of this Agreement determined by reference to the appropriate columns in the pricing grid attached to this Agreement as Schedule 10.7, such Applicable Facility Fee Percentage to be adjusted solely as specified in Section 10.7 hereof

Applicable Facility Fee Percentage means, as of any date, a percentage per annum determined by reference to the Pricing Schedule.

Examples of Applicable Facility Fee Percentage in a sentence

• As consideration for making the Revolving Credit available, the Borrower shall pay to the Bank a non-refundable quarterly facility fee in an amount equal to the Applicable Facility Fee Percentage times the Committed Amount.

• The Facility Fee (and the Applicable Facility Fee Percentage) shall be calculated on the basis of a 360 day year for the actual number of days elapsed without regard to the amount of Loans outstanding during any period for which the Facility Fee is computed.

• The Borrower agrees to pay to the Administrative Agent, for the account of the Lenders in accordance with each Lender's Commitment Percentage, during the period from and including the Closing Date through but excluding the Maturity Date, a fee (the "Facility Fee") equal to the Applicable Facility Fee Percentage per annum of the average daily sum of the Aggregate Commitments, regardless of usage, during such period.

• The Company shall pay to the Administrative Agent, for the account of the Lenders in accordance with their Pro Rata Shares, from and after the date of this Agreement until the date on which the Aggregate Revolving Loan Commitment shall be terminated in whole, a facility fee accruing at the rate of the then Applicable Facility Fee Percentage on the amount of the Aggregate Revolving Loan Commitment (whether used or unused).

• The Borrower shall pay fees (the "Facility Fees") to the Agent for the account of the Banks in an amount determined by applying the Applicable Facility Fee Percentage to the amount of the Aggregate Commitment of the Banks for the period from the date of this Agreement to the Termination Date.

More Definitions of Applicable Facility Fee Percentage

Applicable Facility Fee Percentage means, on any date, the applicable percentage set forth below based upon the ratings applicable on such date to Index Debt:

Applicable Facility Fee Percentage means, at any time during a period set forth below, the percentage set forth opposite such period below: Applicable Facility Period Fee Percentage ------ -------------- NIG Period .200% Minimum Investment .150% Grade Period Increased Investment Grade .125% Period Maximum Investment .100% Grade Period

Applicable Facility Fee Percentage means, for any day with respect to any Commitment and subject to the provisions of the definition of “Applicable Margin” following the table therein, the rate per annum set forth below under the caption “Facility Fee Rate Spread” corresponding to the Level in effect from time to time, as set forth in the following table: I >A+ or A1 0.06 % II A or A2 0.07 % III A-or A3 0.08 % IV BBB+ or Baa1 0.10 % V <BBB or Baa2 0.125 %

Applicable Facility Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate the Facility Fee due and payable hereunder, determined 12 (based on the Company's Funded Debt to EBITDA Ratio) by reference to the appropriate columns in the pricing matrix attached to this Agreement as SCHEDULE 1.

Applicable Facility Fee Percentage means on any date the applicable percentage set forth below based upon the ratings applicable on such date to the Borrower's senior, unsecured, non-credit enhanced long term indebtedness for borrowed money ("Index Debt"): APPLICABLE RATING FACILITY FEE CATEGORY PERCENTAGE -------- ------------ Rating 0.50% ------ BBB+ by S&P Baa1 by Moody's, or above Ratixx 0.625% ------ BBB by S&P Baa2 by Moody's Rating 0.000% ------ BBB- by S&P Baa3 by Moody's Rating 0.00% ------ BB+ by S&P Ba1 by Moody's Rating 0.00% ------ BB by S&P Ba2 by Moody's, or below For purposes xx xxx foregoing, if the ratings established or deemed to have been established by Moody's and S&P for the Borrower's Index Debt shall fall within difxxxxxx Rating Categories, the Applicable Facility Fee Percentage shall be based on the higher of the two ratings unless one of the two ratings is two or more Rating Categories lower than the other, in which case the Applicable Facility Fee Percentage shall be determined by reference to the Rating Category next above that of the lower of the two ratings. If the ratings established or deemed to have been established by Moody's and S&P for the Borrower's Index Debt shall be changed (othxx xxxx as a result of a change in the rating system of Moody's or S&P), such change shall be effective as of the date on wxxxx xx is first announced by the applicable rating agency, irrespective of when notice of such change shall have been furnished by the Borrower to the Administrative Agent or a Lender. Each change in the Applicable Facility Fee Percentage shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If Moody's or S&P shall change its rating system, or if either such raxxxx xxency shall cease to be in the business of rating corporate debt obligations (any such event, a "Rating Event" and any such agency, a "Rating Event Agency"), the Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such Rating Event Agency. Pending the effectiveness of any such amendment, the Applicable Facility Fee Percentage shall be based on the rating by the Rating Event Agency in effect immediately prior to the Rating Event and the rating of the other rating agency in the manner set forth above. If, other than as a result of a Rating Event, (i) either Moody's or S&P ceases to r...

Applicable Facility Fee Percentage means, for any day, the percentage set forth below opposite the Applicable Rating Period then in effect: Applicable Rating Applicable Facility Period Fee Percentage ----------------- ---------------------- Category A Period 0.1500% Category B Period 0.2000% Category C Period 0.2500% Category D Period 0.3750%

Applicable Facility Fee Percentage shall have the meaning set forth in Section 3.3 hereof.