Applicable Letter of Credit Rate definition

Applicable Letter of Credit Rate means, as at any date of determination, a rate per annum equal to the Applicable LIBOR Rate Margin.

Applicable Letter of Credit Rate means, as of any date, a percentage per annum equal to the Market Rate Spread on the Spread Determination Date in relation to Letters of Credit.

Applicable Letter of Credit Rate means, as at any date of determination, a rate per annum equal to the then effective Applicable Margin for Eurodollar Loans.

Examples of Applicable Letter of Credit Rate in a sentence

• If at any time such financial statements are not delivered within the time periods specified in Section 5.2, the Applicable Letter of Credit Rate shall be the highest rate set forth in the respective column of the table above, subject to adjustment upon actual receipt of such financial statements.

• From the effective date of the Fourth Modification of Amended and Restated Credit Agreement among SCI Systems, Inc., Citibank, N.A., as Agent, ABN AMRO Bank N.V., as Co-Agent, and the Banks which are signatories thereto until the next quarterly determination, the Applicable Letter of Credit Rate is 0.375% per annum.

• The applicable rate per annum with respect to Letter of Credit Fees set forth in the following table: Applicable Rate for Leverage Ratio Letters of Credit --------------- ------------------- Less than 2.00:1.00 1.75% Greater than or equal to 2.00:1.00 2.00% Any change in the Applicable Letter of Credit Rate shall become effective on the first day after receipt by the Bank of financial statements delivered pursuant to Section 5.2 which indicate a change in the Leverage Ratio.

More Definitions of Applicable Letter of Credit Rate

Applicable Letter of Credit Rate means, at any time, the percentage rate per annum at which Facility Letter of Credit Fees are accruing on outstanding Facility Letters of Credit, which percentage rate shall be a rate per annum equal to (i) the Applicable Ratable Advance Margin under the Revolving Credit Facility at such time as determined pursuant to the Pricing Schedule, minus (ii) 0.125% per annum.

Applicable Letter of Credit Rate means, as at any date of determination, a rate per annum equal to (i) the Applicable Eurodollar Margin as at such date, less (ii) 0.25 percent.

Applicable Letter of Credit Rate means, at any time, (i) with respect to Standard Letters of Credit, the Applicable Eurodollar Margin with respect to Eurodollar Ratable Loans under the Revolving Credit Facility of the applicable Series at such time as determined pursuant to the Pricing Schedule; provided that, for this purpose and for purposes of Section 4.7(a), a Series Revolving Credit Ratable Share of each Standard Letter of Credit shall be deemed to be issued under each Series of Revolving Credit Facility and (ii) with respect to Alternative Letters of Credit, 0.50%.

Applicable Letter of Credit Rate means, at any time, (i) with respect to Standard Letters of Credit, the Applicable Term SOFR Margin at such time as determined pursuant to the Pricing Schedule and (ii) with respect to Alternative Letters of Credit, 0.25%.

Applicable Letter of Credit Rate means, at any time, (i) with respect to Standard Letters of Credit, the Applicable Eurodollar Margin with respect to Eurodollar Ratable Loans under the Revolving Credit Facility of the applicable Series at such time as determined pursuant to the Pricing Schedule; provided that, for this purpose and for purposes of Section 4.7(a), a Series Revolving Credit Ratable Share of each Standard Letter of Credit shall be deemed to be issued under each Series of Revolving Credit Facility and (ii) with respect to Alternative Letters of Credit, 0.25%.

Applicable Letter of Credit Rate 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 Letter of Credit Rate means one and four-tenths percent (1.40%) per annum.