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: ▇▇▇▇▇ ▇ ▇▇- / ▇▇▇ or above 0.040 % ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ ▇▇▇ ▇▇ ▇▇▇▇▇ ▇- / ▇▇ 0.050 % ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ 0.060 %
Applicable Fee Percentage means the respective percentages per annum determined, at any time, based on the range into which AMB LP’s Credit Rating then falls, in accordance with the table set forth below. Any change in AMB LP’s Credit Rating causing it to move to a different range on the table shall effect an immediate change in the Applicable Fee Percentage. AMB LP shall have not less than two (2) Credit Ratings at all times. In the event that AMB LP receives only two (2) Credit Ratings (one of which must be from S&P or Moody’s), and such Credit Ratings are not equivalent, the Applicable Fee Percentage shall be determined by the higher of such two (2) Credit Ratings. In the event that AMB LP receives more than two (2) Credit Ratings, and such Credit Ratings are not all equivalent, the Applicable Fee Percentage shall be determined by the highest Credit Rating, provided that said highest rating shall be from S&P or Moody’s; provided, further, that if the highest rating is not from S&P or Moody’s, then the Applicable Fee Percentage shall be determined by the highest Credit Rating from either S&P or Moody’s.
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 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.
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.
More Definitions of Applicable Fee Percentage
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 ▇▇▇▇▇’▇. 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
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, 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, on each day of any Accrual Period, with respect to any Facility Fee,
Applicable Fee Percentage means, as of any date, 0.02% per annum.
Applicable Fee Percentage means, with respect to any Unutilized R/C Commitments or unutilized Term Facility Commitments, 0.30%.
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 table set forth below. 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 shall have not less than two (2) Credit Ratings at all times. In the event that Borrower receives only two (2) Credit Ratings (one of which must be from S&P or Moody's), and such Credit Ratings are not equivalent, the Applicable ▇▇▇ ▇▇▇centage shall be determined by the lower of such two (2) Credit Ratings. In the event that Borrower receives more than two (2) Credit Ratings, and such Credit Ratings are not all equivalent, the Applicable Fee Percentage shall be determined by the second highest Credit Rating, provided that one of the highest two (2) Credit Ratings shall be from S&P or Moody's; provided, further, that if neither of the highest two (2) Cr▇▇▇▇ ▇▇tings is from S&P or Moody's, then the Applicable Fee Percentage shall be determined by th▇ ▇▇▇▇▇st Credit Rating from either S&P or Moody's. Range of Borrower's Credit Rating Applicable (S&P/Moody's Fee Percentage Ratings) (% per annum) -------- ------------- Non-Investment Grade 0.35 BBB-/Baa3 0.25 BBB/Baa2 0.20 BBB+/Baa1 0.20 A-/A3 or better 0.15