Commitment Fee Base definition

Commitment Fee Base means an amount at any time equal to (i) the Commitment less (ii) the sum of the aggregate principal amount of outstanding RC Loans, the face amount of outstanding Letters of Credit and any Unreimbursed Drawings in respect of Letters of Credit. Outstanding Swing Loans shall not reduce the Commitment Fee Base.

Commitment Fee Base the meaning specified in Subsection 2.7.1 (Commitment Fees).

Commitment Fee Base means an amount at any time equal to (a) the amount of the Revolving Credit Commitment less (b) the sum of the aggregate principal amount of outstanding Revolver Loans, the face amount of outstanding Letters of Credit and any Unreimbursed Drawings in respect of Letters of Credit. (Swing Loans shall not reduce the Commitment Fee Base). Any change in the percentage amount set forth in clauses (i) through (iii) of this Subsection 1.7.1 shall be effective on the fifth (5th) Business Day immediately following delivery of the Officers' Certificate described in Subsection 1.8.3 (Officers' Certificate) below warranting such change (including any Officers' Certificate delivered in connection with an Acquisition or purchase of minority interest). In the event that any Officers' Certificate referred to in clause (a) or (b) of

Examples of Commitment Fee Base in a sentence

• The Borrower shall pay to the Agent, for the account of the Lenders, quarterly in arrears on each Quarterly Payment Date a commitment fee (the “Commitment Fee”) (calculated on the basis of a 360-day year for the actual days elapsed) equal to the Applicable Commitment Fee Rate multiplied by the average daily Commitment Fee Base for the preceding quarter.

• The term “Applicable Commitment Fee Rate” when used with respect to the average daily Commitment Fee Base shall mean the following: < $65 million 0.250% > $65 million < $80 million 0.375% > $80 million < $95 million 0.500% From the Closing Date until delivery of the Borrowing Base Certificate for the month ending August 31, 2012 together with the Pro Forma Availability Report for the fiscal quarter ended August 31, 2012, the Applicable Commitment Fee Rate shall be 0.500%.

• The Borrower shall pay to the Agent, for the account of the RC Lenders, quarterly in arrears on each Quarterly Payment Date a commitment fee (the “Commitment Fee”) (calculated on the basis of a 360-day year for the actual days elapsed) equal to the Applicable Commitment Fee Rate multiplied by the average daily Commitment Fee Base for the preceding quarter.

More Definitions of Commitment Fee Base

Commitment Fee Base the meaning specified in Subsection 1.7.1. - 91 - 101 - Company: Susquehanna Media Co., a Delaware corporation.

Commitment Fee Base an amount at any time equal to (a) the amount of the RC Commitment less (b) the sum of the aggregate principal amount of outstanding RC Loans, the aggregate face amount of outstanding Letters of Credit (to the extent such face amount is undrawn) and any Unreimbursed Drawings in respect of Letters of Credit. Outstanding Swing Loans shall not reduce the Commitment Fee Base.

Commitment Fee Base an amount at any time equal to the amount of the RC Commitment less the sum of the aggregate principal amount of outstanding RC Loans and the LC Obligations. Outstanding Swing Loans shall not reduce the Commitment Fee Base.

Commitment Fee Base the meaning specified in Subsection 1.6.

Commitment Fee Base means (a) the sum of the Maximum Revolving Facility Amount, plus, beginning on August 19, 1997 and thereafter prior to the CAPEX Loan Termination Date, $3,450,000, minus (b) the sum of (i) the aggregate outstanding principal balance of the Revolving Loan, (ii) the sum of the undrawn face amount of any Letters of Credit outstanding and (iii) prior to the CAPEX Loan Termination Date, the sum of the initial principal amounts of the CAPEX Advances and, thereafter, zero.

Commitment Fee Base means (a) the Maximum Revolving Facility Amount minus (b) the sum of (i) the aggregate outstanding principal balance of the Revolving Loan and (ii) the sum of the undrawn face amount of any Letters of Credit outstanding.

Commitment Fee Base an amount at any time equal to the amount of the RC Commitment less the sum of the aggregate principal amount of outstanding RC Loans and the LC Obligations.