Examples of Level III Period in a sentence
The term "Level IV Period" means any period, other than a Level I Period, Level II Period or Level III Period.
The Borrower shall pay to the Agent for the account of the Banks, ratably in proportion to their Commitments, a facility fee at the rate of (i) 0.100% per annum during each Level I Period, (ii) 0.110% per annum during each Level II Period, (iii) 0.150% per annum during each Level III Period, (iv) 0.175% per annum during each Level IV Period, (v) 0.250% per annum during each Level V Period, (vi) 0.375% during each Level VI Period and (vii) 0.500% during each Level VII Period.
In addition to borrowings of Syndicated Loans, during any Level I Period, Level II Period, Level III Period or Level IV Period prior to the Revolving Credit Termination Date any Borrower may, as set forth in this Section 2.03, request the Banks to make offers to make Money Market Loans to such Borrower in Dollars.
For purposes of this Agreement, subsection ------------ 2.3(a) of the Composite Conformed Credit Agreement as adopted and incorporated by reference into this Agreement is hereby amended by deleting the table contained therein and substituting in lieu thereof the following: "Type of Period Facility Fee -------------- ------------ Level I Period .0600% Level II Period .0750% Level III Period .0900% Level IV Period .1250% Level V Period .1875% Level VI Period .2500%.".
Notwithstanding the foregoing, on any day during the period prior to the Reporting Date occurring with respect to the quarter ended September 30, 1999, the Applicable Commitment Fee Rate shall be the percentage set forth in the definition of Applicable Commitment Fee Rate opposite the designation "Level III Period".