Applicable Standby Fee Rate definition

Applicable Standby Fee Rate means, subject to the following sentence, the standby fee rate in basis points per annum set forth and defined in the column headed “Standby Fee” in Schedule 6 with respect to the applicable Credit Facility and corresponding to CPRC’s senior unsecured debt rating determined to be applicable in accordance with Schedule 6. Upon the occurrence and during the continuance of an Event of Default, the Applicable Standby Fee Rate during such period shall be the highest rate provided for in the applicable column of Schedule 6.
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Applicable Standby Fee Rate shall have the meaning specified in Section 4.06.
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Applicable Standby Fee Rate as regards the standby fees payable in accordance with Section 5.6, means, when the Utilization (calculated as at the date of determination of the standby fees in accordance with Section 5.6) is one of the following, the rate per annum equal to the percentage of the Applicable Pricing Rate then applicable to the acceptance fees for Bankers’ Acceptances set forth opposite such Utilization: less than or equal to 331/3% 35.0% greater than 331/3% and less than or equal to 662/3% 30.0% greater than 662/3% 25.0% “Approved Securities” means obligations maturing within one year from their date of purchase or other acquisition by the Borrower or Subsidiary and which are:
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Examples of Applicable Standby Fee Rate in a sentence

  • On the date of this Agreement the Applicable Standby Fee Rate is 0.15% per annum.

  • The Applicable Standby Fee Rate from and including the Closing Date to but excluding the Reset Date immediately following the Fiscal Quarter ending September 30, 2002 shall be set at Level II described below.

  • Subject to Section 4.03(a), in the event the Administrative Agent does not receive a Compliance Certificate for any Fiscal Quarter that has ended as required pursuant to this Agreement (the "Scheduled Reset Date"), the Applicable Loan Spread, the Applicable Stamping Fee and the Applicable Standby Fee Rate for the Credit for the following Fiscal Quarters shall continue to be based on the Compliance Certificate for the last actual Reset Date until such time as a new Compliance Certificate is delivered.

  • Dollars with respect to the period commencing on the date of this Agreement and ending on the Maturity Date, or such earlier date as the Revolving Commitments of all the Lenders under the Credit are repaid and terminated, calculated on the daily unutilized amount of such Lender's Revolving Commitments under the Credit at a rate per annum equal to the rate (the "Applicable Standby Fee Rate") as determined in accordance with the provisions of this Section.

  • Notwithstanding anything contained herein, the Applicable Loan Spread, the Applicable Stamping Fee and the Applicable Standby Fee Rate for the Credit shall not be reduced on any Reset Date, and the Borrower shall not be entitled to any adjustment in their favour (or the payment thereof) with respect to interest on Loans, stamping fees or standby fees paid by them, for so long as any Event of Default is subsisting.

Related to Applicable Standby Fee Rate

  • L/C Fee Rate means the Applicable Margin with respect to LIBOR Rate Loans.

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

  • 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.

  • 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.

  • Unused Fee Rate means 0.50% per annum.

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • 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.”

  • Undrawn Fee Rate has the meaning set forth in the Fee Letter.

  • 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”.

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

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • Program Fee Rate is defined in the Fee Letter.

  • 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.”

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

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

  • 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).

  • Expense Fee Rate As to each Mortgage Loan, a per annum rate equal to the sum of the Servicing Fee Rate and the Trustee Fee Rate.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Applicable 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).

  • Workout Fee Rate With respect to each Corrected Mortgage Loan, 1.00%.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • 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

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

  • Applicable Rate means a percentage per annum equal to:

  • Administrative Fee Rate The sum of the Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Licensing Fee Rate.

  • 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.