Participation Fee Rate definition

Participation Fee Rate means the rate per annum set out in the Participation Certificates.
Sample 1Sample 2
Participation Fee Rate has the meaning set forth in Section 2.7(f).
Sample 1Sample 2
Participation Fee Rate or "Facility Fee Rate", as the case may be, based upon the ratings by Xxxxx'x and S&P, respectively, applicable on such date to the Index Debt: ============================================================================================ Eurodollar Participation Facility Fee ---------- ------------- ------------ Index Debt Ratings: Spread Fee Rate Rate -------------------------------------------------------------------------------------------- Category 1 0.170% 0.150% 0.080% ---------- **A/A2 -------------------------------------------------------------------------------------------- Category 2 0.285% 0.275% 0.090% ---------- A-/A3 -------------------------------------------------------------------------------------------- Category 3 0.375% 0.350% 0.125% ---------- BBB+/Baa1 -------------------------------------------------------------------------------------------- Category 4 0.475% 0.450% 0.150% ---------- BBB/Baa2 -------------------------------------------------------------------------------------------- Category 5 0.675% 0.650% 0.200% ---------- *BBB-/Baa3 ============================================================================================ ** More than or equal to. * Less than or equal to. For purposes of the foregoing, (a) if either Xxxxx'x or S&P shall not have in effect a rating for the Index Debt (other than by reason of the circumstances referred to in the last sentence of this definition) the Applicable Rate shall be determined on the basis of the rating agency that does then have a rating for the Index Debt in effect, (b) if neither Xxxxx'x nor S&P has in effect a rating for the Index Debt (other than by reason of the circumstances referred to in the last sentence of this definition) then the Index Debt shall be deemed to be rated in Category 5, (c) the Index Debt shall be deemed to be rated in Category 5 at any time that an Event of Default has occurred and is continuing, (d) if the ratings established or deemed to have been established by Xxxxx'x or S&P for the Index Debt are not in the same Category, then the Applicable Rate will be determined by reference to the Category next above that of the lower of the two ratings and (e) if the ratings established or deemed to have been established by Xxxxx'x and S&P for the Index Debt shall be changed (other than as a result of a change in the rating system of Xxxxx'x or S&P), such change shall be effective as of the date on which it is first announced by the applicable rating agency. Each chan...
Sample 1

Examples of Participation Fee Rate in a sentence

  • During the continuance of a Default, the Required Lenders may, at their option, by notice to the Borrower, declare that the Applicable Letter of Credit Participation Fee Rate shall be increased by 2% per annum; provided, that during the continuance of a Default under Section 8.6 or 8.7, the Applicable Letter of Credit Participation Fee Rate shall be increased by 2% without any election or action on the part of the Agent or any Lender.

  • The Participation Fee shall be payable by each GSE at the Participation Fee Rate per annum on the daily average of the Amount Available for which such GSE is obligated.

  • During the continuance of a Default, the Required Lenders may, at their option, by notice to the Borrower, declare that the Applicable Letter of Credit Participation Fee Rate shall be increased by 2% per annum; provided, that during the continuance of a Default under Section 7.6 or 7.7, the Applicable Letter of Credit Participation Fee Rate shall be increased by two percent (2%) without any election or action on the part of the Agent or any Lender.

  • If there is any change in the Letter of Credit Participation Fee Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Letter of Credit Participation Fee Rate separately for each period during such quarter that such Letter of Credit Participation Fee Rate was in effect.

  • It provides for housing diversity by encouraging higher density housing within the activity centre, and provides certainty in relation to where growth should occur and the built form expectations throughout the activity centre.The Panel is satisfied that, broadly speaking, the Amendment supports the growth of Cowes and its continuing role in providing services to the Island.

  • The Company, Entergy, EAI, EMI, ELI and ENOI have filed with the SEC a post-effectivx xmendment on Form U- 1 to the Application-Declaration under the Holding Company Act, File No. 70-7561, requesting authorization of an increase in approved fees to allow payment in accordance with the provisions hereof of the maximum Participation Fees reflected in the Participation Fee Rate pricing grid set forth under the definition of "Applicable Rate" herein.

  • The risk participation fee will be calculated by reference to the interest rate charged by the CIFI to the relevant RWO and shall be expressed as a percentage rate (the Risk Participation Fee Rate) of the CIFI’s risk margin in respect of EBRD's Share of the CIFI Loan.

  • Besides this restriction, we need to reduce the sectoral coverage (cf.

  • The Borrower shall pay to the Administrative Agent, for the account of the Lenders ratably in accordance with their respective Applicable Percentages, with respect to each Facility LC, a letter of credit participation fee (the “LC Participation Fee”), which shall accrue at the LC Participation Fee Rate on the daily stated amounts of all outstanding Facility LCs. Accrued LC Participation Fees shall be payable in arrears on each Interest Payment Date.

Related to Participation Fee Rate

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

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

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

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

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

  • Program Fee Rate is defined in the Fee Letter.

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

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

  • Undrawn Fee Rate has the meaning set forth in the Fee Letter.

  • Unused Fee Rate means 0.50% per annum.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Applicable Facility 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)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • 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.

  • Applicable Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate certain of the fees due and payable hereunder, determined by reference to the appropriate columns in the Pricing Matrix attached to this Agreement as Schedule 1.1.

  • Applicable Commitment 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 “Commitment Fee.”

  • Letter of Credit Fee Rate means, with respect to a Letter of Credit, the annual percentage per annum indicated below the reference to “Letters of Credit” in the definition of “Applicable Margin” relevant to the period in respect of which determination is being made, as adjusted pursuant to the definition of “Applicable Margin”.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable Revolving Commitment Fee Percentage means (a) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the second full Fiscal Quarter after the Closing Date, a percentage, per annum, determined by reference to the following table as if the Leverage Ratio then in effect were 3.00:1.00; and (b) thereafter, a percentage, per annum, determined by reference to the Leverage Ratio in effect from time to time as set forth below: >3.00:1.00 0.75% 1.30% <3.00:1.00 >2.50:1.00 0.75% 1.20% No change in the Applicable Revolving Commitment Fee Percentage shall be effective until three (3) Business Days after the date on which the Administrative Agent has received the applicable financial statements and a Compliance Certificate pursuant to Section 5.01(c) calculating the Leverage Ratio. At any time the Borrower Representative has not submitted to the Administrative Agent the applicable information as and when required under Section 5.01(c), the Applicable Revolving Commitment Fee Percentage shall be determined as if the Leverage Ratio were in excess of 3.00:1.00. Promptly following receipt of the applicable information under Section 5.01(c), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Revolving Commitment Fee Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.01 is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Revolving Commitment Fee Percentage for any Applicable Period than the Applicable Revolving Commitment Fee Percentage applied for such Applicable Period, then (i) the Borrower Representative shall immediately deliver to the Administrative Agent a correct certificate required by Section 5.01 for such Applicable Period, (ii) the Applicable Revolving Commitment Fee Percentage shall be recalculated with the Leverage Ratio at the corrected level and (iii) each applicable Borrower shall immediately pay to the Administrative Agent the accrued additional fees owing as a result of such increased Applicable Revolving Commitment Fee Percentage for such Applicable Period. Nothing in this definition shall limit the right of the Administrative Agent or any Lender under Section 2.10 or Article VIII and the provisions of this definition shall survive the termination of this Agreement.

  • Administration Fee Rate The sum of (i) the Servicing Fee Rate, (ii) the Master Servicing Fee Rate and (iii) the Credit Risk Management 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.

  • Applicable L/C Fee Percentage means, as at any date of determination, a rate per annum equal to the Applicable Eurodollar Margin for Revolving Loans in effect on such date.

  • Applicable Fee Rate means, at any time, the percentage rate per annum at which Commitment Fees are accruing on the unused portion of the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • L/C Fee Rate means the Applicable Margin with respect to LIBOR Rate Loans.

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

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including the last day of the third full calendar month following the Closing Date, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: I > 50% of the Maximum Revolver Amount 0.375 percentage points II ≤ 50% of the Maximum Revolver Amount 0.50 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by Agent.

  • Liquidation Fee Rate With respect to each Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable, 1.0%.