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, at any time, the percentage rate per annum at which commitment fees are accruing on the Available Aggregate Commitment at such time as set forth in the Pricing Schedule.
Applicable Fee Rate means, with respect to the Facility Fee at any time, the percentage rate per annum which is applicable at such time with respect to such fee as set forth in the Pricing Schedule.
Examples of Applicable Fee Rate in a sentence
The Borrower shall pay to the Lender a commitment fee (the “Commitment Fee”) at a per annum rate equal to the Applicable Fee Rate on the average daily Available Revolving Commitment (based on the actual Available Revolving Commitment as of the end of each calendar day) from the Closing Date until (and including) the Facility Termination Date, payable in arrears on each Payment Date and on the Facility Termination Date.
More Definitions of Applicable Fee Rate
Applicable Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment (without regard to usage) at such time as set forth in the Pricing Schedule.
Applicable Fee Rate means, with respect to the Commitment Fee at any time, the percentage rate per annum which is applicable at such time with respect to such fee as set forth in the Pricing Schedule.
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: Revolver Usage Applicable Fee Rate < 50% 0.25% ≥ 50% 0.20%
Applicable Fee Rate means, at any time, 0.50% per annum.
Applicable Fee Rate means, at any time, in respect of the Revolving Credit Facility and the Tranche A Term Facility, (a) from the Restatement Effective Date to the date on which the Administrative Agent receives a Compliance Certificate pursuant to Section 6.01(c) for the Fiscal Quarter ending September 30, 2014, 0.30% per annum and (b) thereafter, 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 6.01(c) : Applicable Fee RatePricing Level 1Consolidated Leverage Ratio< 1.75:1≥ 1.75:1 but < 2.25:1≥ 2.25 but < 2.75:1≥ 2.75:1Commitment Fee0.25%0.25%0.30%0.35% 2 Any increase or decrease in the Applicable Fee Rate resulting from a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.01(c) ; provided , however , that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of (x) until the Tranche A Term Loan Commitments are zero, the Required Pro Rata Lenders and (y) thereafter, the Required Revolving Lenders, Pricing Level 3 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered. Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Fee Rate for any period shall be subject to the provisions of Section 2.10(b) .
Applicable Fee Rate means, the applicable percentage per annum set forth below determined by reference to the Consolidated Total Lease Adjusted Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a): Applicable Fee Rate Pricing Level Consolidated Total Lease Adjusted Leverage Ratio Commitment Fee 1 ³ 4.50:1.00 0.500 % 2 ³ 4.00:1.00 but < 4.50 0.375 % 3 <4.00:1.00 0.250 % Any increase or decrease in the Applicable Fee Rate resulting from a change in the Consolidated Total Lease Adjusted Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Revolving Lenders, Pricing Level 1 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered. The Applicable Fee Rate in effect from the Closing Date through the first Business Day immediately following the date the Compliance Certificate is delivered pursuant to Section 6.02(a) for the Fiscal Quarter ended on or about December 30, 2012, shall be determined based upon Pricing Level 1. Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Fee Rate for any period shall be subject to the provisions of Section 2.10(b).
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 Xxxxx 0 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) or as otherwise provided below: Applicable Rate and Applicable Fee Rate Pricing Level Consolidated Leverage Ratio Eurodollar Rate (Letters of Credit) Base Rate Applicable Fee Rate 1 < 3.00:1 1.75 % 0.75 % 0.375 % 2 ³ 3.00:1 but < 3.50:1 2.00 % 1.00 % 0.375 % 3 ³ 3.50:1 but < 4.00:1 2.25 % 1.25 % 0.375 % -2- Applicable Rate and Applicable Fee Rate Pricing Level Consolidated Leverage Ratio Eurodollar Rate (Letters of Credit) Base Rate Applicable Fee Rate 4 ³ 4.00:1 but < 4.50:1 2.50 % 1.50 % 0.50 % 5 ³ 4.50:1 2.75 % 1.75 % 0.50 % 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); 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. Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Rate for any period shall be subject to the provisions of Section 2.10(b).