Letters of Credit Fee Rate definition

Letters of Credit Fee Rate means the following percentages per annum:
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Letters of Credit Fee Rate means the following percentages per annum, based upon, as of any date of determination, the ratio of (i) Consolidated Funded Indebtedness as of such date to (ii) Adjusted Consolidated EBITDA: Pricing Level Consolidated Funded Indebtedness to Adjusted Consolidated EBITDA Letters of Credit described in clauses (a) under L/C Sub-limit Caps Letters of Credit described in clause (b) under L/C Sub-limit Caps 1 Greater than or equal to 3.00 to 1.0 2.75 % 3.00 % 2 Less than 3.00 to 1.0 but greater than or equal to 2.50 to 1.0 2.50 % 2.75 % 3 Less than 2.50 to 1.0 but greater than or equal to 2.25 to 1.0 2.25 % 2.50 % 4 Less than 2.25 to 1.0 2.00 % 2.25 % For the purposes of the foregoing, Consolidated Funded Indebtedness and Adjusted Consolidated EBITDA shall be determined based upon the Co-Borrowers’ most recent Consolidated financial statements delivered pursuant to Section 7.01(b), and each change in the Letter of Credit Fee Rate resulting from a change in the ratio of Consolidated Funded Indebtedness to Adjusted Consolidated EBITDA shall be effective for each fiscal quarter on the Business Day following the date of delivery to the Agent of such Consolidated financial statements; provided that if such Consolidated financial statements are not timely delivered to Agent within ten (10) days subsequent to the date when due, the pricing level shall be deemed to be in level 1.
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Related to Letters of Credit Fee Rate

  • Letter of Credit Fee Rate means, at any time, the percentage rate per annum applicable to Letter of Credit Fees 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.”

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • Letter of Credit Fees shall have the meaning set forth in Section 3.2.

  • Undrawn Fee Rate For any VFN Class, the rate set forth or described in the related Indenture Supplement, if any. United States and U.S.: The United States of America.

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

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

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

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

  • Applicable Commitment Fee Rate means:

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment (without regard to usage) at such time as set forth in the Pricing Schedule.

  • Unused Fee Rate means a rate equal to 0.50% per annum.

  • Applicable Letter of Credit 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 “Letter of Credit Fee.” Applicable Margin shall mean, as applicable:

  • 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.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

  • 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: Applicable Pricing Level Margin II 10.0 V 17.5

  • Base Rate Margin 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).

  • L/C Fee Rate with respect to each Letter of Credit at any date, the applicable percentage per annum set forth below based upon the Status on such date: Level I Level II Level III Level IV Level V Level VI Status Status Status Status Status Status ------ ------ ------ ------ ------ ------ 0.45% 0.50% 0.60% 0.70% 0.90% 1.20%

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

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Prime Rate Margin is set forth on Schedule I hereto.

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

  • 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.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Eurodollar Margin means the percentage set forth in Schedule 1 hereto beside the then applicable Level.