Examples of Applicable Utilization Fee Percentage in a sentence

The Borrower shall pay to the Administrative Agent for the pro rata account of the Banks a utilizationfee on the aggregate outstanding principal amount of the Advances, for each day on which the Utilization Ratio exceeds 0.50, at a rate per annum equal to the Applicable Utilization Fee Percentage, payable on each day on which a payment of interest is due under S ection 2.09.
The Borrower shall pay to the Administrative Agent for the pro rata account of the Banks a utilization fee on the aggregate outstanding principal amount of the Advances, for each day on which the Utilization Ratio exceeds 0.50, at a rate per annum equal to the Applicable Utilization Fee Percentage, payable on each day on which a payment of interest is due under Section 2.09.

More Definitions of Applicable Utilization Fee Percentage

Applicable Utilization Fee Percentage with respect to the amount of the Aggregate Commitments, at all times during which the applicable Pricing Level set forth below is in effect, the percentage set forth below next to such Pricing Level, subject to the provisos set forth below: Pricing Level Applicable Utilization Fee Percentage Pricing Level I 0.125% Pricing Level II 0.125% Pricing Level III 0.125% Pricing Level IV 0.125% Pricing Level V 0.125% Pricing Level VI 0.250% Changes in the Applicable Utilization Fee Percentage resulting from a change in the Pricing Level shall become effective on the effective date of any change in the Senior Debt Rating from S&P or Xxxxx'x. Notwithstanding anything herein to the contrary, in the event of a split in the Senior Debt Rating from S&P and Xxxxx'x that would otherwise result in the application of more than one Pricing Level (had the provisions regarding the applicability of other Pricing Levels contained in the definitions thereof not been given effect), then the Applicable Utilization Fee Percentage shall be determined using, in the case of a split by one rating category, the higher Pricing Level, and in the case of a split by more than one rating category, the Pricing Level that is one level lower than the Pricing Level within which the higher of the two rating categories would otherwise fall.

Applicable Utilization Fee Percentage shall have the meaning given such term in Section 2.06(e).

Applicable Utilization Fee Percentage means, as of any date, with respect to the Utilization Fee as of any date, the percentage per annum determined by reference to the applicable Rating Category as set forth on Schedule I; provided, that a change in the Applicable Utilization Fee Percentage resulting from a change in the Rating Category shall be effective on the day on which either rating agency changes its rating and shall continue until the day prior to the day that a further change becomes effective. Notwithstanding the foregoing, the Applicable Utilization Fee Percentage for the Utilization Fee from the Closing Date until the first change in the applicable Rating Category after the Closing Date shall be at Level III as set forth on Schedule I.

Applicable Utilization 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)(ii) hereof determined in accordance with the provisions of the Pricing Schedule hereto.

Applicable Utilization Fee Percentage means, for any day, the respective rate per annum set forth in the table below opposite the Rating Level prevailing on such day under the caption “Applicable Facility Fee Percentage”, “Applicable Margin with respect to Base Rate Loans” “Applicable Margin with respect to Eurocurrency Loans” or “Applicable Utilization Fee Percentage”, as the case may be: Credit Agreement Applicable Margin with Applicable Applicable respect to Margin with Applicable Facility Fee Eurocurrency respect to Base Utilization Fee Rating Level Percentage Loans Rate Loans Percentage Rating Level 1 0.100 % 0.525 % 0.000 % 0.125 % Rating Lxxxx 0 0.150 % 0.725 % 0.000 % 0.250 % Rating Lxxxx 0 0.250 % 1.000 % 0.250 % 0.500 % Rating Lxxxx 0 0.300 % 1.200 % 0.500 % 0.500 % Rating Lxxxx 0 0.375 % 1.875 % 1.250 % 0.750 % Rating Lxxxx 0 0.500 % 2.250 % 1.750 % 1.000 % Rating Lxxxx 0 0.500 % 2.750 % 2.250 % 1.000 % Each change in the Applicable Facility Fee Percentage, Applicable Margin with respect to Eurocurrency Loans, Applicable Margin with respect to Base Rate Loans and the Applicable Utilization Fee Percentage resulting from a change in the Debt Rating shall become effective on the date of announcement or publication by the respective Rating Agencies of a change in the Debt Rating or, in the absence of such announcement or publication, on the effective date of such change. With respect to any utilization fee payable under Section 2.05(b) hereof, the Applicable Utilization Fee Percentage on any date of determination shall be computed by reference to the Rating Level of the Borrower that results in the accrual on such day under Section 2.05(b) hereof of the greatest amount of utilization fee.

Applicable Utilization Fee Percentage means, for any day, the percentage set forth below opposite the Applicable Period then in effect: APPLICABLE UTILIZATION APPLICABLE PERIOD FEE PERCENTAGE ----------------- ---------------------- Category A Period 0.00% Category B Period 0.05% Category C Period 0.05% Category D Period 0.05% Category E Period 0.05%

Applicable Utilization Fee Percentage means, for any day with respect to any Loan and subject to the provisions of the definition of “Applicable Margin” following the table therein, the rate per annum set forth below under the caption “Utilization Fee Rate Spread” corresponding to the Level in effect from time to time, as set forth in the following table: LevelIndex Debt Ratings(Moody’s or S&P)Utilization FeeRate SpreadI

Applicable Utilization Fee Percentage definition

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