Applicable Revolving Credit Fee Percentage definition

Applicable Revolving Credit Fee Percentage means 0.50% per annum; provided, however, that from and after the Reset Date, the Applicable Revolving Credit Fee Percentage shall be, when the Leverage Ratio at the end of the most recently ended fiscal quarter ending after the Reset Date is as set forth in Schedule 1.1(a), the percentage per annum set forth opposite such Leverage Ratio in Schedule 1.1(a). Any change in the Leverage Ratio shall be effective to adjust the Applicable Revolving Credit Fee Percentage as of the date of receipt by the Administrative Agent of the Interest Rate Certificate most recently delivered pursuant to Section 9.1(d). If Borrower fails to deliver the Interest Rate Certificates and financial statements within the times specified in Sections 9.1(a), (b) and (d), such ratio shall be deemed to be that set forth opposite Tier I of Schedule 1.1(a) until Borrower delivers such Interest Rate Certificates and financial statements.
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Applicable Revolving Credit Fee Percentage means 0.50% per ------------------------------------------ --- annum; provided, however, that from and after the Reset Date, the Applicable ----- -------- ------- Revolving Facility Fee Percentage shall be, when the Leverage Ratio at the end of the most recent fiscal quarter ending after such date is as set forth below, the percentage per annum set forth opposite such Leverage Ratio below: --- ----- ================================================================================================================= Tier APPLICABLE REVOLVING CREDIT LEVERAGE RATIO FEE PERCENTAGE ----------------------------------------------------------------------------------------------------------------- I greater than 4.50:1.0 0.500% ----------------------------------------------------------------------------------------------------------------- II greater than 3.50:1.0 0.375% but less than 4.50:1.0 ----------------------------------------------------------------------------------------------------------------- III greater than 3.00:1.0 0.250% but = 3.50:1.0 ----------------------------------------------------------------------------------------------------------------- IV = 3.00:1.0 0.250% ================================================================================================================= Any change in the Leverage Ratio shall be effective to adjust the Applicable Revolving Credit Fee Percentage as of the date of receipt by the Administrative Agent of the Interest Rate Certificate most recently delivered pursuant to Section 9.01(e). If Borrower fails to deliver the Interest Rate Certificates and financial statements within the times specified in Sections 9.01(a), (b) and (e), such ratio shall be deemed to be that set forth opposite Tier I above until Borrower delivers such Interest Rate Certificates and financial statements.
Sample 1
Applicable Revolving Credit Fee Percentage means 0.5000% per annum; PROVIDED, HOWEVER, that on and after the Reset Date, when the Total Leverage Ratio at the end of the most recently ended fiscal quarter is as set forth in SCHEDULE 1.01(c), the Applicable Revolving Credit Fee Percentage shall be the percentage PER ANNUM set forth opposite such Total Leverage Ratio in SCHEDULE 1.01(c). Any change in the Total Leverage Ratio shall be effective to adjust the Applicable Revolving Credit Fee Percentage as of the date of receipt by the Administrative Agent of the Interest Rate Certificate most recently delivered pursuant to Section 9.01(e). If Borrower fails to deliver the Interest Rate Certificates and financial statements within the times specified in Sections 9.01(a), (b) and (e), such ratio shall be deemed to be that in Tier I of SCHEDULE 1.01(c) until Borrower delivers such Interest Rate Certificates and financial statements.
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More Definitions of Applicable Revolving Credit Fee Percentage

Applicable Revolving Credit Fee Percentage means 0.50% per annum; provided, h owever, that from and after the Reset Date, the Applicable Revolving Credit Fee Percentage shall be, when the Leverage Ratio at the end of the most recently ended fiscal quarter ending after the Reset Date is as set forth in S chedule 1.1(a), the percentage per annum set forth opposite such Leverage Ratio in S chedule 1.1(a). Any change in the Leverage Ratio shall be effective to adjust the Applicable Revolving Credit Fee
Sample 1
Applicable Revolving Credit Fee Percentage means 0.5000% per annum; provided, however, that on and after the Reset Date, when the Total Leverage Ratio at the end of the most recently ended fiscal quarter is as set forth in Schedule 1.01(c), the percentage per annum set forth opposite such Total Leverage Ratio in Schedule 1.01(c). Any change in the Total Leverage Ratio shall be effective to adjust the Applicable Revolving Credit Fee Percentage as of the date of receipt by Administrative Agent of the Interest Rate Certificate most recently delivered pursuant to Section 9.01(e). If Borrower fails to deliver the Interest Rate Certificates and financial statements within the times specified in Sections 9.01(a), (b) and (e), such ratio shall be deemed to be greater than or equal to 7.0:1.0 until Borrower delivers such Interest Rate Certificates and financial statements.
Sample 1
Applicable Revolving Credit Fee Percentage means 0.50% per annum.
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Applicable Revolving Credit Fee Percentage means 0.50% per annum; provided, however, that on and after the Reset Date, when the Total Leverage Ratio at the end of the most recently ended fiscal quarter is as set forth in Schedule 1.01(c), the Applicable Revolving Credit Fee Percentage shall mean the percentage per annum set forth opposite such Total Leverage Ratio in Schedule 1.01(c). Any change in the Total Leverage Ratio shall be effective to adjust the Applicable Revolving Credit Fee Percentage as of the date of receipt by Administrative Agent of the Interest Rate Certificate most recently delivered pursuant to Section 9.01(e). If Borrower fails to deliver the financial statements and Interest Rate Certificate within the times specified in Sections 9.01(a), (b) and (e), such ratio shall be deemed to be greater than or equal to 5.0:1.0 until Borrower delivers such Interest Rate Certificate and financial statements. "Approved Fund" shall mean, with respect to any Lender that is a fund or commingled investment vehicle that invests in loans, any other fund that invests in loans and is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor.
Sample 1
Applicable Revolving Credit Fee Percentage means 0.375% per
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Applicable Revolving Credit Fee Percentage means 0.5000% per ------------------------------------------ --- annum. -----
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Related to Applicable Revolving Credit Fee Percentage

  • 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: >3.00:1.00 0.75% 1.30% <3.00:1.00 >2.50:1.00 0.75% 1.20% 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 Administrative Agent or any Lender under Section 2.10 or Article VIII and the provisions of this definition shall survive the termination of this Agreement.

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including the last day of the third full calendar month following the Closing Date, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: I > 50% of the Maximum Revolver Amount 0.375 percentage points II ≤ 50% of the Maximum Revolver Amount 0.50 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by Agent.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Applicable L/C Fee Percentage means, as at any date of determination, a rate per annum equal to the Applicable Eurodollar Margin for Revolving Loans in effect on such date.

  • Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Letter of Credit Fee Rate means, with respect to a Letter of Credit, the annual percentage per annum indicated below the reference to “Letters of Credit” in the definition of “Applicable Margin” relevant to the period in respect of which determination is being made, as adjusted pursuant to the definition of “Applicable Margin”.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Revolving Credit Percentage as to any Revolving Credit Lender at any time, the percentage which such Lender's Revolving Credit Commitment then constitutes of the Total Revolving Credit Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender's Revolving Credit Loans then outstanding constitutes of the aggregate principal amount of the Revolving Credit Loans then outstanding).

  • Applicable Multicurrency Percentage means, with respect to any Multicurrency Lender, the percentage of the total Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency Commitment. If the Multicurrency Commitments have terminated or expired, the Applicable Multicurrency Percentages shall be determined based upon the Multicurrency Commitments most recently in effect, giving effect to any assignments.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.