Standby Fee Rate definition

Standby Fee Rate. With respect to each Mortgage Loan and each REO Loan, 0.02% per annum.

Standby Fee Rate means, at any time, the rate, expressed as a rate per annum based on a year of 365 days, as set forth in the table in the definition of Applicable Margin in this Agreement, under the heading “Standby Fees (bps)”, based on the applicable Level therein;

Standby Fee Rate means 0.3% per annum based on a year of 365 or 366 days, as applicable.

Examples of Standby Fee Rate in a sentence

• State college administrators (statewide) were consulted and agreed that the “Electronics Systems Associate (ESA)” shall articulate three (3) college credit hours to the AAS/AS Degree in Electronics Engineering Technology.

• The Borrowers agree to pay a non-refundable standby fee (the “Standby Fee”) to the Agent for the account of the Lenders, calculated at a rate per annum on the basis of a year of 365 days, or 366 days in the case of a leap year, equal to the Standby Fee Rate on the daily unadvanced portion of the Credit Facility.

• Any waiver, consent to or any amendment to any provision of the Loan Documents which relates to the rights or obligations of the Operating Lender, including, for greater certainty, a decrease in the standby fees or the Standby Fee Rate, shall only require the agreement of the Operating Lender thereto.

• As to each Mortgage Loan and each REO Loan, the Standby Fee shall accrue from time to time at the Standby Fee Rate on the basis of the same principal amount and for the same number of days respecting which any related interest payment due on such Mortgage Loan or deemed to be due on such REO Loan is computed under the terms of the related Mortgage Note (as such terms may be modified at any time following the Original Closing Date) and applicable law.

• On the date of this Agreement the Applicable Standby Fee Rate is 0.15% per annum.

More Definitions of Standby Fee Rate

Standby Fee Rate means, at any time, the applicable rate per annum set forth in the table below opposite the applicable S & P rating: ------------------------------------------------------------------------------- S & P'S CORPORATE CREDIT OR STANDBY FEE RATE UNSECURED DEBT RATING OF BORROWER ------------------------------------------------------------------------------- A- or above .10% per annum ------------------------------------------------------------------------------- BBB+ .125% per annum ------------------------------------------------------------------------------- BBB .15% per annum ------------------------------------------------------------------------------- BBB- .175% per annum ------------------------------------------------------------------------------- BB+ or below or unrated .25% per annum -------------------------------------------------------------------------------

Standby Fee Rate means, at any time, the applicable rate per annum set forth in the table below opposite the applicable S & P rating: A- or above 0.10% per annum BBB+ 0.125% per annum BBB 0.15% per annum BBB- 0.20% per annum BB+ or below or unrated 0.30% per annum

Standby Fee Rate means the interest rate per annum shown in the column titled “Standby Fee Rate” in the pricing grid set forth in the definition of Applicable Margin.

Standby Fee Rate means, at any time, the rate, expressed as a rate per annum based on a year of three hundred sixty-five (365) days, set out in the following table opposite the applicable Consolidated Total Debt to Adjusted EBITDA Ratio: Level Consolidated Total Debt to Adjusted EBITDA Ratio Standby Fees provided that changes in the Standby Fee Rate shall be effective and adjusted in accordance with Section 5.11.

Standby Fee Rate means a rate per annum equal to, if the Debt to Free Cash Flow Ratio (calculated on a consolidated basis) is:

Standby Fee Rate means, at any time, a rate per annum equal to the rate set out in the following table opposite the applicable rating category assigned by Moody’s and S&P as an issuer rating or, if none, to the long term unsecured and unsubordinated debt of the Guarantor from time to time: Al/A+ or higher 5.0 bps A2/A 6.0 bps A3/A- 7.5 bps Baal/BBB+ 10.0 bps Baa2/BBB 12.5 bps Baa3/BBB- or lower or not rated 15.0 bps provided that if at any time the issuer rating or, if none, the long term unsecured and unsubordinated debt of the Guarantor is rated by each of Moody’s and S&P and the rating so assigned by one of such agencies is in a category which is one category higher than the rating assigned by the other, then the Standby Fee Rate shall be the rate opposite the higher of the categories so assigned and if the rating as assigned by one of such agencies is in a category which is more than one higher than the rating assigned by the other, then the Standby Fee Rate shall be the category that is one category above the lower of such categories. A change in the Standby Fee Rate shall be effective as provided for in Section 5.5;

Standby Fee Rate means, at any time, a rate per annum equal to the rate set out in the following table opposite the applicable rating category assigned by Moody’s and S&P as an issuer rating or, if none, to the long term unsecured and unsubordinated debt of the Guarantor from time to time: Al/A+ or higher 5.0 bpsRating Category (Moody’s/S&P) Rating A2/A 6.0 bpsA3/A- 7.5 bpsBaal/BBB+ 10.0 bpsBaa2/BBB 12.5 bpsBaa3/BBB- or lower or not rated 15.0 bps provided that if at any time the issuer rating or, if none, the long term unsecured and unsubordinated debt of the Guarantor is rated by each of Moody’s and S&P and the rating so assigned by one of such agencies is in a category which is one category higher than the rating assigned by the other, then the Standby Fee Rate shall be the rate opposite the higher of the categories so assigned and if the rating as assigned by one of such agencies is in a category which is more than one higher than the rating assigned by the other, then the Standby Fee Rate shall be the category that is one category above the lower of such categories. A change in the Standby Fee Rate shall be effective as provided for in Section 5.5;