Revolving Facility Commitment Fee definition

Revolving Facility Commitment Fee shall have the meaning attributed to such term in Section 1.7(b) of this Agreement.
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Revolving Facility Commitment Fee shall have the meaning assigned to such term in Section 2.13(a).
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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;
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Examples of Revolving Facility Commitment Fee in a sentence

  • Thereafter, the applicable Additional Base Rate Interest Margin, Additional Daily Simple RFR Interest Margin, Additional Eurocurrency Interest Margin, Revolving Facility Commitment Fee rate, Letter of Credit Fee rate and Additional Term SOFR Interest Margin shall be (i) based on the VSE Entities’ Total Funded Debt to EBITDA Ratio, calculated in accordance with Section 6.15 of this Agreement, and (ii) determined in accordance with Exhibit 7 attached hereto.


More Definitions of Revolving Facility Commitment Fee

Revolving Facility Commitment Fee shall have the meaning set forth in Section 3.6.
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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.
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Revolving Facility Commitment Fee has the meaning set forth in Section 2.2(g).
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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: Level Total Funded Debt to EBITDA Ratio Revolving Facility Commitment Fee 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%
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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.
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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:
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Related to Revolving Facility Commitment Fee

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(d), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 10.04, and (c) increased as provided under Section 2.21. The amount of each Lender’s Revolving Facility Commitment on the Restatement Effective Date is set forth on Schedule 2.01, or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment (or Incremental Revolving Facility Commitment), as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments is $875,000,000 on the Restatement Effective Date. After the Restatement Effective Date additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Revolving Facility means, at any time, the aggregate amount of the Revolving Lenders’ Revolving Commitments at such time.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) the Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Revolving Lender at any time shall be the product of (i) such Revolving Lender’s Revolving Facility Percentage and (ii) the aggregate Revolving Facility Credit Exposure of all Revolving Lenders, collectively, at such time.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender, the percentage of the total Revolving Facility Commitments represented by such Lender’s Revolving Facility Commitment. 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 assignments pursuant to Section 9.04.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Revolving Commitment Percentage means, for each Lender, a fraction (expressed as a decimal) the numerator of which is the Revolving Commitment of such Lender at such time and the denominator of which is the Aggregate Revolving Committed Amount at such time. The initial Revolving Commitment Percentages are set out on Schedule 2.1(a).