Applicable Fee Rate definition
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 Fee Rate means (a) with respect to the Facility Fee accruing for the account of either Borrower at any time, the applicable percentage rate per annum at such time with respect to such Borrower as set forth in the Pricing Schedule and (b) with respect to the LC Participation Fee for the account of either Borrower at any time, the applicable percentage rate per annum at such time with respect to such Borrower as set forth in the Pricing Schedule.
Applicable Fee Rate means, at any time, 0.50% per annum.
Examples of Applicable Fee Rate in a sentence
The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Fee Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Fee Rate separately for each period during such quarter that such Applicable Fee Rate was in effect.
The Borrowers shall pay to the Administrative Agent for the account of each Revolving Lender in accordance with its Applicable Revolving Percentage, a commitment fee equal to the Applicable Fee Rate times the actual daily amount by which the Revolving Facility exceeds the sum of (i) the Outstanding Amount of Revolving Loans and (ii) the Outstanding Amount of L/C Obligations.
More Definitions of Applicable Fee Rate
Applicable Fee Rate means the “Applicable Fee Rate” as determined pursuant to the definition of the term “Applicable Rate.”
Applicable Fee Rate means, with respect to any day, the per annum fee rate set forth opposite the Revolver Usage for such day in the following pricing grid:
Applicable Fee Rate means, at any time, in respect of the Revolving Credit Facility, 0.50% per annum.
Applicable Fee Rate means (a) prior to the Amendment Effective Date, the applicable rate set forth from time to time in this Agreement at which the commitment fee accrues, and (b) as of any other date, a rate per annum equal to (i) in the event that the outstanding principal balance of all Loans equals or exceeds 75% of the Aggregate Commitment Amount, 0.15%, and (ii) at all other times, 0.25%.
Applicable Fee Rate means, with respect to any day, the per annum fee rate set forth opposite the Revolver Usage for such day in the following pricing grid: For purposes hereof, “Revolver Usage” means, with respect to any day, the ratio (expressed as a percentage) of (a) the sum of (i) the Outstanding Amount of Revolving Loans on such day and (ii) the Outstanding Amount of L/C Obligations on such day to (b) the Aggregate Revolving Commitments in effect on such day.
Applicable Fee Rate means, at any time and as the context may require, the percentage rate per annum at which (i) commitment fees are accruing on the Available Aggregate Commitment at such time, (ii) letter of credit fees are accruing on the undrawn stated amount of standby Facility LCs at such time or (iii) letter of credit fees are accruing on the undrawn stated amount of commercial Facility LCs at such time, in each case as set forth in the Pricing Schedule.
Applicable Fee Rate means (i) from the Closing Date to the date on which the Administrative Agent first receives a Compliance Certificate pursuant to Section 6.02(b), the applicable percentage per annum set forth below corresponding to Pricing ▇▇▇▇▇ ▇ and thereafter (ii) the applicable percentage per annum set forth below determined by reference to the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(b), subject, in each case, to adjustment as provided below following the consummation of the Chevron Acquisition: Any increase or decrease in the Applicable Rate or Applicable Fee Rate resulting from a change in the Consolidated Leverage Ratio shall become effective as of the third Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(b) or the Adjusted Consolidated Leverage Ratio calculation is delivered following the consummation of the Chevron Acquisition as described below; provided, however, that if a Compliance Certificate is not delivered when due in accordance with Section 6.02(b), then Pricing Level 5 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and in each case shall remain in effect until the date on which such Compliance Certificate is delivered. In addition, within five Business Days following the consummation of the Chevron Acquisition, the Borrower shall deliver to the Administrative Agent a recalculation of the Consolidated Leverage Ratio based on the financial statements most recently delivered to the Administrative Agent pursuant to Section 6.01 and giving pro forma effect to the Chevron Acquisition and any related incurrence of indebtedness as provided for under the definition of “Consolidated EBITDA” (the “Adjusted Consolidated Leverage Ratio”), and the Applicable Rate and Applicable Fee Rate shall automatically adjust to the Pricing Level corresponding to the Adjusted Consolidated Leverage Ratio, which Pricing Level shall remain in effect until the third Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(b) for the first fiscal quarter ending after the date of the consummation of the Chevron Acquisition; provided, however, that if such recalculation is not delivered when due above, then Pricing Level 5 shall apply as of the first Business Day after the date on which such reca...