APPLICABLE MARGIN FOR COMMITMENT FEES means, on any date of determination, the percentage set forth in the table below which corresponds, on any date of determination, with the Leverage Ratio at such date of determination, as calculated based on the quarterly compliance certificates of Borrower most recently delivered pursuant to SECTION 9.3 hereof. -------------------------------------------- Applicable Margin Leverage Ratio for Commitment Fees -------------------------------------------- Greater than or equal to 0.500% 4.00 to 1.0 -------------------------------------------- Less than 4.00 to 1.0 0.375% --------------------------------------------
APPLICABLE MARGIN FOR COMMITMENT FEES means, on any date of determination, the percentage set forth in the table below which corresponds, on any date of determination, with the Senior Leverage Ratio at such date of determination, as calculated based on the quarterly compliance certificates of Borrower most recently delivered pursuant to SECTION 7.2 hereof. ------------------------------------------------------------------------------- SENIOR LEVERAGE RATIO APPLICABLE MARGIN FOR REQUIREMENT COMMITMENT FEES ------------------------------------------------------------------------------- Greater than or equal to 5.5 to 1.0 0.5000% ------------------------------------------------------------------------------- Less than 5.5 to 1.0 0.2500% -------------------------------------------------------------------------------
APPLICABLE MARGIN FOR COMMITMENT FEES means, on any date of determination, the percentage set forth in the table below which corresponds, on any date of determination, with the Total Debt to Pro Forma EBITDA Ratio at such date of determination, as calculated based on the quarterly compliance certificates of Borrower most recently delivered pursuant to SECTION 9.3 hereof, or if delivered later, the most recent Permitted Acquisition Compliance Certificate for a Permitted Acquisition. TOTAL DEBT TO PRO FORMA EBITDA APPLICABLE RATIO REQUIREMENT MARGIN FOR COMMITMENT FEES Less than or equal to 2.5:1.0 0.250% Less than or equal to 3.0 to 1.0 but greater than 2.5:1.0 0.300% Less than or equal to 4.0:1.0 but greater than 3.0:1.0 0.375% Greater than 4:0:1.0 0.500%
More Definitions of APPLICABLE MARGIN FOR COMMITMENT FEES
APPLICABLE MARGIN FOR COMMITMENT FEES means, on any date of determination, the percentage set forth in the table below that corresponds with the Leverage Ratio at such date of determination, as calculated based on the quarterly Compliance Certificates most recently delivered pursuant to SECTION 9.3: LEVERAGE RATIO APPLICABLE MARGIN FOR COMMITMENT FEES -------------- -------------------------------- Less than 1.0:1.0 0.080% Greater than or equal to 1.0:1.0, 0.105% but less than 2.0:1.0 Greater than or equal to 2.0:1.0, 0.125% but less than 3.0:1.0
APPLICABLE MARGIN FOR COMMITMENT FEES means the percentage per annum set forth in the table below that corresponds to the Leverage Ratio at any date of determination, as calculated based on the Compliance Certificate of the Borrowers most recently delivered on the Closing Date or pursuant to Section 9.3 hereof: Leverage Ratio Applicable Margin for Commitment Fees ---------------------------------------------- ----------------------------------- Less than 5.50:1.0 .250% ---------------------------------------------- ----------------------------------- Greater than or equal to 5.50:1.00 .375% ---------------------------------------------- ----------------------------------- The provision above is further subject to the following:
APPLICABLE MARGIN FOR COMMITMENT FEES means, on any date of determination, the percentage set forth in the table below that corresponds with the Leverage Ratio at such date of determination, as calculated based on the quarterly Compliance Certificates most recently delivered pursuant to Section 9.3 (or the most recent Permitted Acquisition Compliance Certificate for a Permitted Acquisition, as the case may be): ============================================================= Leverage Ratio Applicable Margin for Commitment Fees ============================================================= Greater than or equal to 6.75 to 1.00 0.500% ------------------------------------------------------------- Less than 6.75 to 1.00 0.375% =============================================================
APPLICABLE MARGIN FOR COMMITMENT FEES means, on any date of determination, the percentage set forth in the table below that corresponds with the Leverage Ratio at such date of determination, as calculated based on the quarterly Compliance Certificates most recently delivered pursuant to SECTION 9.3 (or the most recent Permitted Acquisition Compliance Certificate for a Permitted Acquisition, as the case may be): --------------------------------------------------------------------------------- LEVERAGE RATIO APPLICABLE MARGIN FOR COMMITMENT FEES --------------------------------------------------------------------------------- Greater than or equal to 6.75 to 0.500% --------------------------------------------------------------------------------- CREDIT AGREEMENT ---------------- --------------------------------------------------------------------------------- 1.00 --------------------------------------------------------------------------------- Less than 6.75 to 1.00 0.375% ---------------------------------------------------------------------------------
APPLICABLE MARGIN FOR COMMITMENT FEES means, (a) on any date of determination on or after the Closing Date until (but not including) the Phase II Notice Date, 1.50%, and (b) at any date of determination occurring on and after the Phase II Notice Date, the percentage set forth in the table below which corresponds with the ratio (expressed as a percentage) of (i) the average daily Commitment Usage for any period of determination to (ii) the Commitment at such date of determination: ---------------------------------------------- ----------------------------------- COMMITMENT USAGE/ APPLICABLE MARGIN FOR COMMITMENT COMMITMENT FEES ---------------------------------------------- ----------------------------------- Less than or equal to 33% 1.50% ---------------------------------------------- ----------------------------------- Less than or equal to 67%, but greater than 33% 1.125% ---------------------------------------------- ----------------------------------- Greater than 67% 0.75% ---------------------------------------------- -----------------------------------
APPLICABLE MARGIN FOR COMMITMENT FEES means either:
APPLICABLE MARGIN FOR COMMITMENT FEES means the percentage per annum set forth in the table below that corresponds to the Leverage Ratio at such date of determination, as calculated based on the Compliance Certificate of Restricted Borrowers most recently delivered on the Closing Date or pursuant to Section 9.3 hereof: Applicable Margin for Leverage Ratio Commitment Fees --------------------------------------------- ----------------------------------- Less than 5.50:1.0 .250% Greater than or equal to 5.50:1.00 .375% The provision above is further subject to the following: