Revolving Facility Commitment Fee shall have the meaning attributed to such term in Section 1.7(b) of this Agreement.
Revolving Facility Commitment Fee shall have the meaning assigned to such term in Section 2.13(a).
Revolving Facility Commitment Fee shall have the meaning set forth in Section 3.6.
Examples of Revolving Facility Commitment Fee in a sentence
The Revolving Facility Commitment Fee due to each Lender shall commence to accrue on the Closing Date and shall cease to accrue on the date on which the last of the Revolving Facility Commitments of such Lender shall be terminated as provided herein.
For the purpose of calculating any Lender’s Revolving Facility Commitment Fee, the outstanding Swingline Loans during the period for which such Lender’s Revolving Facility Commitment Fee is calculated shall be deemed to be zero.
The Parent Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee, which shall accrue at the Applicable Rate (as applicable to the Revolving Facility Commitment Fee) from time to time on the average daily unused amount of each Revolving Commitment of such Lender during the period from and including the Restatement Effective Date to but excluding the date on which such Revolving Commitment terminates.
For the purpose of calculating any Revolving Facility Lender’s Revolving Facility Commitment Fee, the outstanding Swingline Loans during the period for which such Revolving Facility Lender’s Revolving Facility Commitment Fee is calculated shall be deemed to be zero.
The Revolving Facility Commitment Fee was deemed fully earned and non-refundable when paid.
More Definitions of Revolving Facility Commitment Fee
Revolving Facility Commitment Fee means the fee payable to the Revolving Facility Lender on each Payment Date pursuant to the Revolving Facility Agreement equal to Undrawn Commitment Fee Rate on the daily average of the Revolving Facility Undrawn Amount for the related Due Period;
Revolving Facility Commitment Fee means (a) with respect to the Initial Revolving Commitments, 0.50% per annum; provided that following the date of the delivery of financial statements for the first full Fiscal Quarter following the Closing Date pursuant to Section 5.01(b) or (c), the Revolving Facility Commitment Fee in respect of Initial Revolving Commitments shall be determined as follows: (i) if the First Lien Net Leverage Ratio of Holdings and its Subsidiaries for the applicable Test Period (as set forth in the Compliance Certificate delivered pursuant to Section 5.01(d)) is equal to or greater than 4.00:1.00, such Revolving Credit Commitment Fee shall be 0.50% per annum and (ii) if the First Lien Net Leverage Ratio of Holdings and its Subsidiaries for the applicable Test Period (as set forth in the Compliance Certificate delivered pursuant to Section 5.01(d)) is less than 4.00:1.00, such Revolving Credit Commitment Fee shall be 0.375% per annum and (b) with respect to any Extended Revolving Commitments or Replacement Revolving Facility, the amount specified in the applicable Extension Offer or Refinancing Amendment, as the case may be. In the case of clause (a) above, each change in the Revolving Credit Commitment Fee shall be effective on and after the date of delivery to the Administrative Agent of financial statements pursuant to Section 5.01(b) or Section 5.01(c) and a Compliance Certificate pursuant to Section 5.01(d) evidencing the related change in the First Lien Net Leverage Ratio. At any time the Company has not submitted to the Administrative Agent the applicable information as and when required under Section 5.01(d), the Revolving Credit Commitment Fee shall be 0.50% per annum. Within three (3) Business Days of receipt of the applicable information under Section 5.01(d), the Administrative Agent shall notify the Revolving Lenders of the Revolving Credit Commitment Fee in effect from such date.
Revolving Facility Commitment Fee has the meaning set forth in Section 2.12.
Revolving Facility Commitment Fee has the meaning set forth in Section 2.2(g).
Revolving Facility Commitment Fee means, as of any date of determination and subject to the rights of the Administrative Agent and/or Required Lenders to make a Level IV designation for the Base Rate Interest Margin and/or Libor Interest Rate Margin for any period, as specifically provided in the Notes, which shall automatically (and without further documentation) constitute a concurrent designation of Level IV below for such period, a per annum fee in an amount equal to the percentage set forth below corresponding to the applicable level of the Borrower’s Total Funded Debt to EBITDA ratio as of the last day of the immediately preceding fiscal quarter: I < 1.25 to 1.00 0.25% II > 1.25 to 1.00, but < 2.50 to 1.00 0.325% III > 2.50 to 1.00, but < 3.25 to 1.00 0.325% IV > 3.25 to 1.00 0.50%
Revolving Facility Commitment Fee means, as of any date of determination and subject to the rights of the Administrative Agent and/or Required Lenders to make a Level IV designation for the Base Rate Interest Margin and/or Libor Interest Rate Margin for any period, as specifically provided in the Notes, which shall automatically (and without further documentation) constitute a concurrent designation of Level IV below for such period, a per annum fee in an amount equal to the percentage set forth below corresponding to the applicable level of the Borrower’s Total Funded Debt to EBITDA ratio as of the last day of the immediately preceding fiscal quarter:
Revolving Facility Commitment Fee has the meaning assigned to such term in Section 2.12(a). “Revolving Facility Credit Exposure” means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the aggregate principal amount of the Swing Line Loans outstanding at such time and (c) the aggregate principal amount of L/C Obligations outstanding at such time. The Revolving Facility Credit Exposure of any Revolving Facility Lender at any time shall be the product of (i) such Revolving Facility Lender’s Revolving Facility Percentage and (ii) the aggregate Revolving Facility Credit Exposure of all Revolving Facility Lenders, collectively, at such time. “Revolving Facility Lender” means a Lender with a Revolving Facility Commitment and/or with outstanding Revolving Facility Loans. “Revolving Facility LIBOR Rate Margin” has the meaning set forth in the definition of Applicable Margin. “Revolving Facility Loan” means a Loan made by a Revolving Facility Lender pursuant to Section 2.01. “Revolving Loan Priority Collateral” means all Collateral other than Term Loan Priority Collateral. “Revolving Loan Limit” means, at any time, the aggregate amount of Revolving Facility Commitments in effect at such time. “Revolving Facility Percentage” means, with respect to any Revolving Facility Lender, the percentage of the total Revolving Facility Commitments represented by such Xxxxxx’s Revolving Facility Commitment, subject to adjustment as provided in Section 2.17. If the Revolving Facility Commitments have terminated or expired, the Revolving Facility Percentages shall be determined based upon the Revolving Facility Commitments most recently in effect, giving effect to any subsequent assignments pursuant to Section 10.06.