Applicable Revolving Commitment Fee Percentage means (a) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the second full Fiscal Quarter after the Closing Date, a percentage, per annum, determined by reference to the following table as if the Leverage Ratio then in effect were 3.00:1.00; and (b) thereafter, a percentage, per annum, determined by reference to the Leverage Ratio in effect from time to time as set forth below: Leverage Ratio Applicable Revolving Commitment Fee Percentage for U.S. Revolving Loans and Canadian Revolving Loans Applicable Revolving Commitment Fee Percentage for Foreign Revolving Loans >3.00:1.00 0.75% 1.30% <3.00:1.00 >2.50:1.00 0.75% 1.20% <2.50:1.00 0.50% 1.10% No change in the Applicable Revolving Commitment Fee Percentage shall be effective until three (3) Business Days after the date on which the Administrative Agent has received the applicable financial statements and a Compliance Certificate pursuant to Section 5.01(c) calculating the Leverage Ratio. At any time the Borrower Representative has not submitted to the Administrative Agent the applicable information as and when required under Section 5.01(c), the Applicable Revolving Commitment Fee Percentage shall be determined as if the Leverage Ratio were in excess of 3.00:1.00. Promptly following receipt of the applicable information under Section 5.01(c), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Revolving Commitment Fee Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.01 is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Revolving Commitment Fee Percentage for any Applicable Period than the Applicable Revolving Commitment Fee Percentage applied for such Applicable Period, then (i) the Borrower Representative shall immediately deliver to the Administrative Agent a correct certificate required by Section 5.01 for such Applicable Period, (ii) the Applicable Revolving Commitment Fee Percentage shall be recalculated with the Leverage Ratio at the corrected level and (iii) each applicable Borrower shall immediately pay to the Administrative Agent the accrued additional fees owing as a result of such increased Applicable Revolving Commitment Fee Percentage for such Applicable Period. Nothing in this definition shall limit the right of the A...
Applicable Revolving Commitment Fee Percentage means 0.50% per annum; provided that at any time that the Total Utilization of Revolving Commitments exceeds 50% of the aggregate Revolving Commitments, the Applicable Revolving Commitment Fee Percentage shall equal 0.375% per annum.
Applicable Revolving Commitment Fee Percentage mean (a) with respect to Term Loans, 4.75% per annum for Term Loans that are Eurodollar Rate Loans and 3.75% per annum for Term Loans that are Base Rate Loans and (b) with respect to Revolving Loans and the Applicable Revolving Commitment Fee Percentage, (i) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the period ending September 30, 2013, a percentage, per annum, determined by reference to the following table as if the First Lien Leverage Ratio then in effect were 4.50:1.00; and (ii) thereafter, a percentage, per annum, determined by reference to the First Lien Leverage Ratio in effect from time to time as set forth below: First Lien Leverage Ratio Applicable Margin for Revolving Loans that are Eurodollar Rate Loans Applicable Margin for Revolving Loans that are Base Rate Loans Applicable Revolving Commitment Fee Percentage > 4.50:1.00 4.75 % 3.75 % 0.500 % < 4.50:1.00 > 3.50:1.00 4.25 % 3.25 % 0.375 % < 3.50:1.00 3.75 % 2.75 % 0.375 % No change in the Applicable Margin or the Applicable Revolving Commitment Fee Percentage shall be effective until two (2) Business Days after the date on which Administrative Agent shall have received the applicable financial statements and a Compliance Certificate pursuant to Section 5.1(d) calculating the First Lien Leverage Ratio. At any time Borrower has not submitted to Administrative Agent the applicable information as and when required under Section 5.1(d), the Applicable Margin for Revolving Loans and the Applicable Revolving Commitment Fee Percentage shall be determined as if the First Lien Leverage Ratio were 4.50:1.00. Within one (1) Business Day after receipt of the applicable information under Section 5.1(d), Administrative Agent shall give each Lender fax or telephonic notice (confirmed in writing) of the Applicable Margin for Revolving Loans and the Applicable Revolving Commitment Fee Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.1 is inaccurate (at a time when this Agreement is in effect and unpaid Obligations under this Agreement are outstanding (other than indemnities and other contingent obligations not yet due and payable)), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any period (an “Applicable Period”) than the Applicable Margin for Revolving Loans applied for such Applicable Period, then (x) Borrower...
Examples of Applicable Revolving Commitment Fee Percentage in a sentence
The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Revolving Commitment Fee Percentage during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Revolving Commitment Fee Percentage separately for each period during such quarter that such Applicable Revolving Commitment Fee Percentage was in effect.
The guarantee commission is 0.5% per annum As at 30 September 2020.
Non-performing assets to total assets ratio of EBL is in a declining trend which is good.
Within five Business Days of receipt of the applicable financial statements and the Compliance Certificate under Section 4.10 in Annex I, Administrative Agent shall give the Borrower and each Revolving Credit Lender fax, electronic mail or telephonic notice (confirmed in writing) of the Applicable Revolving Commitment Fee Percentage in effect from such date.
Brosig-Koch J, Hennig-Schmidt H, Kairies-Schwarz N, Wiesen D (2017) The effects of introducing mixed payment systems for physicians: Experimental evidence.
More Definitions of Applicable Revolving Commitment Fee Percentage
Applicable Revolving Commitment Fee Percentage means 0.50% per annum.
Applicable Revolving Commitment Fee Percentage means 0.75%.
Applicable Revolving Commitment Fee Percentage means, for the period from the Closing Date until the date a compliance certificate is delivered pursuant to Section 4.10 in Annex I calculating the Consolidated Net Senior Secured Leverage Ratio for the Test Period ending as of the last day of the first full fiscal quarter following the Closing Date, a percentage, per annum equal to 0.50%, and thereafter a rate determined by reference to the Consolidated Net Senior Secured Leverage Ratio in effect from time to time as set forth below:
Applicable Revolving Commitment Fee Percentage mean with respect to Revolving Loans, a percentage, per annum, determined by reference to the Company’s unsecured debt rating in effect from time to time as set forth below: Unsecured Debt Rating from S&P Unsecured Debt Rating from Xxxxx’x Applicable Margin for Eurodollar Rate Loans Applicable Margin for Base Rate Loans Applicable Revolving Commitment Fee Percentage ≥ BBB ≥ Baa2 1.375% 0.375% 0.20% BBB- Baa3 1.625% 0.625% 0.25% BB+ Ba1 1.875% 0.875% 0.30% ≤ BB ≤ Ba2 2.125% 1.125% 0.35% The unsecured debt rating shall be determined by the then-current rating announced by either S&P or Xxxxx’x, as the case may be, for any class of non-credit-enhanced long-term senior unsecured debt issued by the Company. If only one of S&P and Xxxxx’x shall have in effect such an unsecured debt rating, the unsecured debt rating shall be determined by reference to the available rating. If neither S&P nor Xxxxx’x shall have in effect such an unsecured debt rating, the unsecured debt rating will be deemed to be lower than BB by S&P and Ba2 by Xxxxx’x. If such unsecured debt ratings established by S&P and Xxxxx’x shall fall within different levels, the unsecured debt rating will be determined by the higher of the two ratings; provided that in the event that the lower of such unsecured debt ratings is more than one level below the higher of such unsecured debt ratings, the unsecured debt rating will be determined based upon the level that is one level below the higher of such unsecured debt ratings. If any such unsecured debt rating established by S&P or Xxxxx’x shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change. If S&P or Xxxxx’x shall change its respective rating system, the parties hereto shall negotiate in good faith to amend the references to specific ratings in this definition to reflect such changed rating system.
Applicable Revolving Commitment Fee Percentage mean (a) with respect to Tranche C Term Loans that are Eurodollar Rate Loans, (i) from the Effective Date until the date of delivery of the Compliance Certificate and the financial statements for the period ending December 31, 2006, 2.00% per annum and (ii) thereafter, 2.00% per annum, which shall be reduced to 1.75% per annum if (x) the Total Leverage Ratio then in effect is less than 5.50:1 or (y) the credit facilities provided hereunder have ratings of at least B1 from Xxxxx’x and at least B+ from S&P; (b) with respect to Tranche C Term Loans that are Base Rate Loans, an amount equal to (i) the Applicable Margin for Eurodollar Rate Loans as set forth in clause (a)(i) or (a)(ii) above, as applicable, minus (ii) 1.00% per annum; (c) with respect to Revolving Loans that are Eurodollar Rate Loans and the Applicable Revolving Commitment Fee Percentage, (i) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the period ending December 31, 2006, a percentage, per annum, determined by reference to the following table as if the Total Leverage Ratio then in effect were 6.00:1.00 and (ii) thereafter, a percentage, per annum, determined by reference to the Total Leverage Ratio in effect from time to time as set forth below: Total Leverage Ratio Applicable Margin for Revolving Loans Applicable Revolving Commitment Fee Percentage ³ 6.00:1.00 2.25 % 0.50 % < 6.00:1.00 ³ 5.00:1.00 2.00 % 0.50 % < 5.00:1.00 ³ 4.00:1.00 1.75 % 0.375 % < 4.00:1.00 1.50 % 0.375 % and (d) with respect to Swing Line Loans and Revolving Loans that are Base Rate Loans, an amount equal to (i) the Applicable Margin for Eurodollar Rate Loans as set forth in clause (c)(i) or (c)(ii) above, as applicable, minus (ii) 1.00% per annum. No change in the Applicable Margin or the Applicable Revolving Commitment Fee Percentage shall be effective until three Business Days after the date on which Administrative Agent shall have received the applicable financial statements and a Compliance Certificate pursuant to Section 5.2(b) calculating the Total Leverage Ratio. At any time Company has not submitted to Administrative Agent the applicable information as and when required under Section 5.2(b), the Applicable Margin and the Applicable Revolving Commitment Fee Percentage shall be determined as if the Total Leverage Ratio were in excess of 6.00:1.00. Within one Business Day of receipt of the applicable information under Section 5.2(b), Administrative ...
Applicable Revolving Commitment Fee Percentage means 0.75% per annum.
Applicable Revolving Commitment Fee Percentage means a percentage, per annum, equal to (i) 0.75% with respect to any period during which the Total Utilization of Revolving Commitments is less than 50% and (ii) 0.50% at all other times.