Ticking Fee Rate definition

Ticking Fee Rate shall have the meaning ascribed thereto in Section 2.4(b).

Ticking Fee Rate as of any day, the rate per annum equal to the percentage of the Applicable Margin applicable to Tranche B Term Loans that are Eurodollar Loans set forth below for such day.

Ticking Fee Rate as of any day, the rate per annum equal to the percentage of the Applicable Margin applicable to Tranche B Term Loans that are Eurodollar Loans set forth below for such day. Time Period after First Incremental Amendment Effective Date Percentage 30 days or less 0 % 31 to 60 days 33 % 61 to 90 days 66 % 91 days or longer 100 %

Examples of Ticking Fee Rate in a sentence

• Changes to the Applicable Margin and Ticking Fee Rate shall be effective as of the next Business Day after the day on which the Debt Rating changes.

• The Borrower agrees to pay to the Administrative Agent, in Dollars, for the account of each Lender, a ticking fee (the “Ticking Fee”), which shall accrue at the Applicable Ticking Fee Rate, on the aggregate daily amount of the Commitment of such Lender from and including the date that is 90 days after the Effective Date to but excluding the date of the termination of the Commitment of such Lender.

• The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a delayed draw ticking fee (the “Ticking Fee”) equal to the Applicable Ticking Fee Rate (on a per annum basis) times the actual daily amount by which the aggregate Commitments exceed the sum of the Outstanding Amount, subject to adjustment as provided in Section 2.20.

• The Borrower shall pay to the Administrative Agent for the account of each Lender pro rata according to its Aggregate Exposure Percentage a ticking fee equal to the average daily amount of such Lender’s Commitments multiplied by the Ticking Fee Rate then in effect.

• If there is any change in the Applicable Ticking Fee Rate during the applicable period, the actual daily amount shall be computed and multiplied by the Applicable Ticking Fee Rate separately for each period during the applicable period that such Applicable Ticking Fee Rate was in effect.

More Definitions of Ticking Fee Rate

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

Ticking Fee Rate means 0.125% per annum.

Ticking Fee Rate means 0.225% per annum.

Ticking Fee Rate has the meaning specified in Section 2.12(c) (Fees).

Ticking Fee Rate means a rate per annum equal to, for the period commencing on (a) May 22, 2019 (the “Allocation Date”) through (and including) the 45th day following the Allocation Date, 0%, (b) the 46th day after the Allocation Date through (and including) the 90th day after the Allocation Date, 50% of the Applicable Rate for Eurocurrency Rate Loans and (c) the 91th day after the Allocation Date through (but excluding) the Closing Date, 100% of the Applicable Rate for Eurocurrency Rate Loans.

Ticking Fee Rate means, from the Initial Effective Date until September 3, 2010, 0.375% per annum, and thereafter 0.50% per annum. “to the best knowledge of” means, when modifying a representation, warranty or other statement of any Person, that the fact or situation described therein is known by such Person (or, in the case of a Person other than a natural Person, known by any officer of such Person) making the representation, warranty or other statement, or, if such Person had exercised ordinary care in performing his or its required duties, would have been known by such Person (or, in the case of a Person other than a natural Person, would have been known by an officer of such Person).

Ticking Fee Rate for each day, the rate per annum based on the Ratings in effect on such day, as set forth below: Rating Ticking Fee Rate Rating I 0.080% Rating II 0.090% Rating III 0.110% Rating IV 0.150% Rating V 0.225%