APPLICABLE UNUSED COMMITMENT FEE PERCENTAGE definition

APPLICABLE UNUSED COMMITMENT FEE PERCENTAGE means the percentage determined by reference to the Ratio of Total Funded Debt to EBITDA in accordance with the following table: Ratio of Total Applicable Funded Debt Unused Commitment to EBITDA Percentage Fee --------- --------------
Sample 1
APPLICABLE UNUSED COMMITMENT FEE PERCENTAGE means the percentage determined by reference to the Ratio of Total Funded Debt to EBITDA in accordance with the following table: Ratio of Total Applicable Funded Debt Unused Commitment To EBITDA Percentage Fee -------------- ----------------- 4.00 and above 1/2 % 3.00 to 3.99 __ % less than 3.00 1/4 % The Applicable Unused Commitment Fee Percentage shall be determined on the First Amendment Execution Date on the basis of the Ratio of Total Funded Debt to EBITDA in effect on the First Amendment Execution Date (which the Company and the Bank agree for purposes of determining the Applicable Unused Commitment Fee Percentage was 3.4 as of the First Amendment Execution Date) and shall be redetermined and adjusted as of the close of each fiscal quarter of the Company thereafter, concurrently with any adjustment to the Ratio of Total Funded Debt to EBITDA (as provided in the definition of Ratio of Total Funded Debt to EBITDA in this Agreement), with such redetermined Applicable Unused Commitment Fee Percentage to be effective for the entire fiscal quarter of the Company which immediately follows each such fiscal quarter.
Sample 1
APPLICABLE UNUSED COMMITMENT FEE PERCENTAGE means the percentage determined by reference to the Ratio of Total Funded Debt to EBITDA in accordance with the following table: Ratio of Total Funded Debt Applicable Unused Commitment To EBITDA Percentage Fee -------------- ----------------------------
Sample 1

More Definitions of APPLICABLE UNUSED COMMITMENT FEE PERCENTAGE

APPLICABLE UNUSED COMMITMENT FEE PERCENTAGE means the percentage per annum determined by reference to the Ratio of Total Funded Debt to EBITDA in accordance with the following table: Ratio of Total Funded Debt to EBITDA Applicable Unused Commitment Fee Percentage --------------------------- ------------------------------------------- 3.75 or above 0.50% 3.50 to 3.74 0.50% 3.00 to 3.49 0.375% 2.50 to 2.99 0.375% 2.00 to 2.49 0.35% Below 2.00 0.30% The Applicable Unused Commitment Fee Percentage shall be determined on the Amendment Effective Date on the basis of the Ratio of Total Funded Debt to EBITDA in effect on the Amendment Effective Date, as provided in the definition of "Applicable LOC Fee Percentage" in this Agreement, and shall be redetermined, based on the Ratio of Total Funded Debt to EBITDA as of the close of each fiscal quarter of the Company ending after June 30, 2002, concurrently with each adjustment to the "Ratio of Total Funded Debt to EBITDA" (as provided in the definition of Ratio of Total Funded Debt to EBITDA in this Agreement), with such redetermined Applicable Unused Commitment Fee Percentage to be effective as and for the period provided in the definition of "Ratio of Total Funded Debt to EBITDA."
Sample 1
APPLICABLE UNUSED COMMITMENT FEE PERCENTAGE means (i)___% ------------------------------------------- per annum, from the Effective Date until the first interest payment date which follows receipt by the Agent of the financial statements for the last month of the first fiscal quarter that ends after the Effective Date, and (ii) thereafter the percentage per annum determined by reference to the Ratio of Total Funded Debt to EBITDA in accordance with the following table, beginning on the first interest payment date which follows receipt by the Agent of the financial statements for the last month of the first fiscal quarter of Parent that ends after the Effective Date: Ratio of Total Funded Debt Applicable Unused to EBITDA Commitment Fee Percentage ----------------------- ------------------------- 4.00 or above 0.5% 3.50 to 3.99 0.375% 3.00 to 3.49 0.3125% 2.50 to 2.99 0.25% 2.00 to 2.49 0.2% 1.50 to 1.99 0.15% less than l.50 0.1% The Applicable Unused Commitment Fee Percentage in effect in any fiscal quarter of Parent will be determined on the basis of the Applicable Unused Commitment Fee Percentage in effect during the preceding fiscal quarter of Parent until an adjustment is made under the provisions of the definition of "Ratio of Total Funded Debt to EBITDA" herein.
Sample 1
APPLICABLE UNUSED COMMITMENT FEE PERCENTAGE means (i) 0.50% per ------------------------------------------- annum, from the Fourth Amendment Effective Date through April 30, 1999, and (ii) thereafter, the percentage per annum determined by reference to the Ratio of Total Funded Debt to EBITDA in accordance with the following table: Ratio of Total Funded Debt Applicable Unused to EBITDA Commitment Fee Percentage ----------------------------- ------------------------- 4.50 or above 0.50% 4.00 to 4.49 0.375% 3.50 to 3.99 0.3125% 3.00 to 3.49 0.3125% 2.50 to 2.99 0.25% 2.00 to 2.49 0.25% less than 2.00 0.15% The Applicable Unused Commitment Fee Percentage in effect in any fiscal quarter of Parent ending on or after May 1, 1999, will be determined on the basis of the Applicable Unused Commitment Fee Percentage in effect during the preceding fiscal quarter of Parent until an adjustment is made as provided pursuant to the provisions of the definition of "Ratio of Total Funded Debt to EBITDA" herein.
Sample 1
APPLICABLE UNUSED COMMITMENT FEE PERCENTAGE means the percentage per annum determined by reference to the Ratio of Total Funded Debt to EBITDA in accordance with the following table: Ratio of Total Funded Applicable Unused Commitment Debt to EBITDA Fee Percentage -------------- -------------- 4.00 or above 0.50% 3.50 to 3.99 0.375% 3.00 to 3.49 0.25% 2.50 to 2.99 0.25% 2.00 to 2.49 0.125% less than 2.00 0.125% The Applicable Unused Commitment Fee Percentage shall be determined on the Closing Date on the basis of the Ratio of Total Funded Debt to EBITDA in effect on the Closing Date as provided in the definition of Ratio of Total Funded Debt to EBITDA in this Agreement, and shall be redetermined and adjusted concurrently with any adjustment to the Ratio of Total Funded Debt to EBITDA as provided in the definition of Ratio of Total Funded Debt to EBITDA in this Agreement, with prospective effect until so redetermined and adjusted.
Sample 1

Related to APPLICABLE UNUSED COMMITMENT FEE PERCENTAGE

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

  • 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.

  • 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 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 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.

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

  • 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.

  • 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 Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate certain of the fees due and payable hereunder, determined by reference to the appropriate columns in the Pricing Matrix attached to this Agreement as Schedule 1.1.

  • 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.”

  • 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 has the meaning specified in Section 2.12(a) (Fees).

  • Commitment Fee Rate has the meaning set forth in 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).

  • Available Unused Commitment means, with respect to a Revolving Facility Lender under any Class of Revolving Facility Commitments at any time, an amount equal to the Dollar Equivalent of the amount by which (a) the applicable Revolving Facility Commitment of such Revolving Facility Lender at such time exceeds (b) the applicable Revolving Facility Credit Exposure of such Revolving Facility Lender at such time.

  • 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.

  • 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.

  • Unused Commitment means, with respect to each Lender at any time, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Advances made by such Lender (in its capacity as a Lender) and outstanding at such time and (ii) such Lender’s Ratable Share of the aggregate L/C Obligations and, other than for the purposes of calculation of the commitment fees, such Lender’s Ratable Share of the aggregate Swingline Exposure outstanding at such time.

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

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

  • Unused Fee Rate means 0.50% per annum.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

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

  • 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.

  • Applicable Commitment Fee Rate shall mean 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.”