Fee Adjustment Date definition
Examples of Fee Adjustment Date in a sentence
Any such adjustment of the Applicable Fee Percentage shall cease to be effective from the next Fee Adjustment Date.
As of any such Fee Adjustment Date and during the Accrual Period commencing on such date, the Applicable Fee Percentage for Facility Fees shall be the Applicable Fee Percentage therefor indicated in the definition of the term “Applicable Fee Percentage” corresponding to the Net Leverage Ratio as of the Fee Determination Date for such Fee Adjustment Date.
On January 1st of each year subsequent to the year period(s) set forth on Appendix B (as applicable, the “Fee Adjustment Date”), the fees in effect for the previous calendar year shall be increased by an amount equal to the percentage increase in the US Consumer Price Index – All Urban Consumers – U.S. City Average – All Items compiled by the US Bureau of Labor Statistics (“CPI-U”), as published thirty (30) days prior to the Fee Adjustment Date, for the preceding twelve (12) month period.
The Canadian Commitment Fee, expressed as a percentage, shall be calculated on the Closing Date and thereafter, the Canadian Commitment Fee shall be calculated on each Commitment Fee Adjustment Date for the most recent calendar quarter immediately preceding such Commitment Fee Adjustment Date.
The Domestic Commitment Fee, expressed as a percentage, shall be calculated on the Closing Date and thereafter, the Domestic Commitment Fee shall be calculated on each Commitment Fee Adjustment Date for the most recent calendar quarter immediately preceding such Commitment Fee Adjustment Date.
On each Fee Adjustment Date, the Applicable Risk Participation Percentage or Applicable Commitment Fee Percentage, as the case may be, shall be the percentage set forth in the definition of "Applicable Risk Participation Percentage" and "Applicable Facility Fee Percentage" which corresponds to the Borrower's Consolidated Total Funded Debt to EBITDA Ratio as of the Fee Determination Date applicable to such Fee Adjustment Date.
IP then will have the option prior to the Fee Adjustment Date of specifying that the Renewal Term shall be exclusive (as stated in Section 5) or non-exclusive (the "Non-Exclusive Option"), meaning that Section 5 shall be eliminated for the Renewal Term and IP may offer a similar service to any other party.
Any such adjustment of the Applicable Fee Percentage shall cease to be effective from the earlier of the next Fee Adjustment Date or the date on which an Event of Default shall occur.
As of any such Fee Adjustment Date and during the Accrual Period commencing on such date, the Applicable Fee Percentage for Facility Fees shall be the Applicable Fee Percentage therefor indicated in the definition of the term “Applicable Fee Percentage” corresponding to the Net Leverage Ratio as of the Fee Determination Date for such FeeAdjustment Date.
As of any such Fee Adjustment Date and during the Accrual Period commencing on such date, the Applicable Fee Percentage for Facility Fees shall be the Applicable Fee Percentage therefor indicated in the definition of the term "Applicable Fee Percentage" corresponding to the Net Leverage Ratio as of the Fee Determination Date for such Fee Adjustment Date.