Revolving Credit Facility Fee definition

Revolving Credit Facility Fee means the fee payable to the Agent for distribution to the Revolving Credit Lenders in accordance with Section 2.9 hereof.

Revolving Credit Facility Fee means the facility fee payable to Agent for distribution to the Banks pursuant to Section 2.13, hereof.

Revolving Credit Facility Fee has the meaning specified in Section 2.09(b).

Examples of Revolving Credit Facility Fee in a sentence

• The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October 1, 2019 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed.

• Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date).

• Upon receipt of such payment Agent shall make prompt payment to each Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage.

• From the Effective Date to the Revolving Credit Maturity Date, the Company shall pay to the Agent, for distribution to the Banks pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis.

More Definitions of Revolving Credit Facility Fee

Revolving Credit Facility Fee shall have the meaning assigned thereto in Section 4.3(b).

Revolving Credit Facility Fee shall have the meaning set forth in Section 2.9 hereof.

Revolving Credit Facility Fee means the facility fee payable to Bank pursuant to Section 2.4 hereof, in an amount equal to three-quarters (3/4%) per annum multiplied by the Revolving Credit Maximum from time to time in effect." 8. Section 1.47 of the Agreement is hereby amended and restated as follows:

Revolving Credit Facility Fee. The Borrower shall pay to the Administrative Agent, for the account of each Revolving Credit Lender in accordance with its Applicable Revolving Credit Percentage, a facility fee (the “Facility Fee”) equal to the “Facility Fee” component of the Applicable Rate times the actual daily amount of the Revolving Credit Facility (or, if the Revolving Credit Commitments have terminated, the Total Revolving Credit Outstandings). For the avoidance of doubt, the Facility Fee shall accrue at all times during the Availability Period (and thereafter so long as any Revolving Credit Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, on the last day of the Availability Period and, if applicable, thereafter on demand. The Facility Fee shall be calculated quarterly in arrears, and if there is any change in the “Facility Fee” component of the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the “Facility Fee” component of the Applicable Rate separately for each period during such quarter that such “Facility Fee” component of the Applicable Rate was in effect.

Revolving Credit Facility Fee has the meaning given to such term in SECTION 2.9.

Revolving Credit Facility Fee has the meaning set forth in Section 1.10(a).

Revolving Credit Facility Fee means that as set forth in Section 2.03(b) hereof.