Applicable Fee Percentage definition

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.

Applicable Fee Percentage means, as of any date, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: Xxxxx 0 XX- / Xx0 or above 0.040 % Xxxxx 0 Xxxxx xxxx Xxxxx 0 xxx xx xxxxx X- / X0 0.050 % Xxxxx 0 Xxxxx xxxx Xxxxx 0 0.060 %

Applicable Fee Percentage means the respective percentages per annum determined, at any time, based on the range into which Borrower’s Credit Rating then falls, in accordance with the following table. Any change in Borrower’s Credit Rating causing it to move to a different range on the table shall effect an immediate change in the Applicable Fee Percentage. Borrower must have two Credit Ratings, one of which must be from Moody’s or S&P. Any change in Borrower’s Credit Rating causing it to move to a different range on the table shall effect an immediate change in the Applicable Fee Percentage as of the date of such Credit Rating change. In the event that Borrower receives two (2) Credit Ratings that are not equivalent, the Applicable Fee Percentage shall be determined by the lower of such two (2) Credit Ratings, at least one of which shall be a Credit Rating from S&P or Moody’s. In the event Borrower receives more than two (2) ratings (from S&P, Moody’s or Fitch) and such ratings are not equivalent, the Applicable Fee Percentage shall be determined by the lower of the two highest ratings; provided that each of said two (2) highest ratings shall be Investment Grade Ratings and at least one of which shall be an Investment Grade Rating from S&P or Xxxxx’x. At least BBB+/Baa1 0.15 At least BBB/Baa2 0.20 At least BBB-/Baa3 0.20 Less than BBB-/Baa3 or unrated 0.25

Examples of Applicable Fee Percentage in a sentence

• The fees due under clause (a)(i) above shall be determined by multiplying the Applicable Fee Percentage times the undrawn amount of the face amount of each such Letter of Credit on the date of determination, and shall be calculated on the basis of a 360 day year and assessed for the actual number of days from the date of the issuance thereof to the stated expiration thereof.

• The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Aggregate Commitment then in effect (whether used or unused).

• The Borrower will pay each Bank a commitment fee on the aggregate amount of such Bank’s unused Commitment from the date of this Agreement through the Commitment Termination Date applicable to such Bank at a rate per annum equal to the Applicable Fee Percentage.

• The fees due under clause (a) above shall be determined by multiplying the Applicable Fee Percentage times the undrawn amount of the face amount of each such Letter of Credit on the date of determination, and shall be calculated on the basis of a 360 day year and assessed for the actual number of days from the date of the issuance thereof to the stated expiration thereof.

• Any such adjustment of the Applicable Fee Percentage shall cease to be effective from the next Fee Adjustment Date.

More Definitions of Applicable Fee Percentage

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, such Applicable Fee Percentage to be adjusted solely as specified in Section 11.9.

Applicable Fee Percentage means, on each day of any Accrual Period, with respect to any Facility Fee,

Applicable Fee Percentage means, as of any date, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below:

Applicable Fee Percentage means, as of any date prior to the Term Loan Conversion Date, 0.02% per annum.

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 rows and columns in the Pricing Matrix attached to this Agreement as Annex I.

Applicable Fee Percentage means, with respect to any Unutilized R/C Commitments or unutilized Term Facility Commitments, 0.30%.

Applicable Fee Percentage means, as of any date, 0.02% per annum.