Ticking Fee Percentage definition

Ticking Fee Percentage means, for any day, a percentage equal to (a) for the period commencing on the Allocation Date through (and including) the earliest to occur of (i) the Effective Date and (ii) the 45th day after the Allocation Date, 0%, (b) if the Effective Date has not occurred prior to the commencement of such period, for the period commencing on the 46th day after the Allocation Date through (and including) the earliest to occur of (i) the Effective Date and (ii) the 90th day after the Allocation Date, 50% of the Applicable Rate used to determine the interest rate applicable to Eurodollar Initial Term Loans, and (c) if the Effective Date has not occurred prior to the commencement of such period, for the period commencing on the 91st day after the Allocation Date through (but excluding) the Effective Date, the Applicable Rate used to determine the interest rate applicable to Eurodollar Initial Term Loans.
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Ticking Fee Percentage means, as of any date, the applicable rate per annum under the caption “Ticking Fee Percentage” as determined by reference to the Public Debt Rating in effect on such date as set forth below: Ratings Level Public Debt Rating S&P/Moody’s Ticking Fee Percentage Level 1: At least A+ by S&P /A1 by Moody’s 0.05% Level 2: A by S&P/A2 by Moody’s 0.05% Level 3: A- by S&P /A3 by Moody’s 0.07% Level 4: Lower than A- by S&P /A3 by Moody’s or unrated 0.10%
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Ticking Fee Percentage means, as of any date, the applicable rate per annum under the caption “Ticking Fee Percentage” as determined by reference to the Public Debt Rating in effect on such date as set forth below: Level 1: At least A+ by S&P /A1 by Moody’s 0.05% Level 2: A by S&P/A2 by Moody’s 0.05% Level 3: A- by S&P /A3 by Moody’s 0.07% Level 4: Lower than A- by S&P /A3 by Moody’s or unrated 0.10%
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Examples of Ticking Fee Percentage in a sentence

  • The Borrower agrees to pay to each Lender, subject to Section 2.21(a)(i), a ticking fee, which shall commence accruing on the Effective Date, at a rate per annum equal to the Ticking Fee Percentage on the aggregate daily amount of such Lender’s undrawn Commitments (if any), payable quarterly in arrears on the first Business Day of each January, April, July and October, and on the earlier of (x) the date the aggregate Commitments terminate in full or are otherwise reduced to zero and (y) the Closing Date.

  • The Borrower shall pay to the Administrative Agent for the account of each Lender a ticking fee in Dollars equal to the applicable Ticking Fee Percentage times the aggregate Commitments of such Lender.

  • It is hereby understood and agreed that notwithstanding the foregoing, the Ticking Fee Percentage shall be adjusted from time to time based upon the Sustainability Fee Adjustment (to be calculated and applied as set forth in Section 2.18).


More Definitions of Ticking Fee Percentage

Ticking Fee Percentage means (i) for each day on or before the June 1, 2021, 50% of the Applicable Rate for the Initial Term Loans that are Eurodollar Borrowings (as defined in the Credit Agreement (as defined in Amendment No. 1)) plus 0.75% per annum and (ii) for each day thereafter, 100% of the Applicable Rate for the Initial Term Loans that are Eurodollar Borrowings (as defined in the Credit Agreement (as defined in Amendment No. 1)) plus 0.75% per annum.
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Ticking Fee Percentage means (i) with respect to any Term Loan Lender, the percentage obtained by dividing (A) such Term Loan Lender’s Term Loan Commitment by (B) the Aggregate Term Loan Commitment and (ii) with respect to any Revolving Loan Lender, the percentage obtained by dividing (A) such Revolving Loan Lender’s Revolving Loan Commitment by (B) the Aggregate Revolving Loan Commitment.
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Ticking Fee Percentage means (a) from and including the Effective Date to but excluding January 1, 2012, 0.25% and (b) from and after January 1, 2012, 0.50%.
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Ticking Fee Percentage is defined in Section 2.4(b).
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Ticking Fee Percentage means, with respect to any Incremental Commitment, (A) [ ]% per annum for the period commencing on the sixty-first (61st) day after February 5, 2020, up to and including the ninetieth (90th) day after February 5, 2020 and (B) [ ]% per annum thereafter, in each case, calculated on the basis of the actual number of days elapsed in a three hundred sixty (360)-day year; provided, for the avoidance of doubt, that, no Ticking Fee shall be payable in the event that the Borrowers do not incur any Incremental Loans on the Take Private Effective Date.
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Ticking Fee Percentage has the meaning specified in Section 2.09(b).
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Related to Ticking Fee Percentage

  • 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.

  • 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.

  • 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 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 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.

  • 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 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.

  • 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.

  • Servicing Fee Percentage With respect to each Mortgage Loan, the percentage specified on the Servicer Mortgage Loan Schedule.

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

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

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

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

  • Unused Fee Rate means 0.50% per annum.

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

  • 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.”

  • Unused Fee has the meaning specified in Section 2.09(a).

  • Tranche Percentage means in respect of each Tranche, the Tranche Quantity expressed as a percentage of the sum of all the Tranche Quantities at the Supply Point.

  • Note Percentage means (i) for each Payment Date until the aggregate principal amount of each Class of Notes has been paid in full, 100%; and (ii) thereafter, 0%.

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Facility Fee has the meaning specified in Section 2.09(a).

  • 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 Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).

  • Ticking Fee has the meaning specified in Section 2.09(a).

  • Commitment Fees has the meaning set forth in Section 2.11(a).