Undrawn Commitment Fee Rate definition

Undrawn Commitment Fee Rate means, at any time of determination, the rate per annum determined by reference to the Debt Rating in effect at such time, as set forth below: Debt Ratings S&P/Xxxxx’x/Fitch Pricing Level I: A-/A3/A- (or higher) Pricing Level II: BBB+/ Baa1/BBB+ Pricing Level III: BBB/ Baa2/BBB Pricing Level IV BBB-/ Baa3/BBB (or lower) Undrawn Commitment Fee Rate 0.10 % 0.125 % 0.15 % 0.20 % Split Debt Ratings shall be determined as specified in the definition of “Debt Rating,” provided that all references to “Applicable Rate” shall refer to “Undrawn Commitment Fee Rate”. Each change in the Undrawn Commitment Fee Rate resulting from a publicly announced change in the Debt Rating shall be effective, in the case of an upgrade, during the period commencing on the date of delivery by the Borrower to the Administrative Agent of notice thereof pursuant to Section 6.03(e) and ending on the date immediately preceding the effective date of the next such change and, in the case of a downgrade, during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change.
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Undrawn Commitment Fee Rate means 0.50% per annum.
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Undrawn Commitment Fee Rate means a rate per annum determined in accordance with the Pricing Schedule. “ Undrawn Commitment Fees ” has the meaning set forth in Section 2.09(a).
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Examples of Undrawn Commitment Fee Rate in a sentence

  • The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Pro Rata Share, an undrawn commitment fee which shall accrue at the applicable Undrawn Commitment Fee Rate then in effect on the daily amount of the undrawn Commitment of such Lender during the period from and including the date that is 60 days after the Effective Date and shall be payable quarterly in arrears on the fifth Business Day.


More Definitions of Undrawn Commitment Fee Rate

Undrawn Commitment Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.
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Undrawn Commitment Fee Rate has the meaning specified in the Pricing Schedule.
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Undrawn Commitment Fee Rate. “Eurodollar Margin” and “Base Rate Margin” means, for any date, the rate set forth below in the row opposite such term and under the column corresponding to the “Pricing Level” at such date: Level I Level II Level III Level IV Level V Undrawn Commitment Fee Rate 0.125% 0.175% 0.225% 0.25% 0.30% Eurodollar Margin 1.125% 1.25% 1.50% 1.75% 2.00% Base Rate Margin 0.125% 0.25% 0.50% 0.75% 1.00% For purposes of this Schedule, the following terms have the following meanings, subject to the concluding paragraph of this Schedule:
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Undrawn Commitment Fee Rate means, as of any day, a percentage per annum corresponding to the Debt Rating in effect on such date as set forth below: Level 1: BBB/Baa2 Level 2: BBB-/Baa3 Level 3: Lower than Level 2 or unrated 0.25% 0.30% 0.375%
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Undrawn Commitment Fee Rate means 0.125 per cent. per annum;
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Related to Undrawn Commitment Fee Rate

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

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

  • Applicable Commitment Fee Rate means:

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

  • Undrawn Fee Rate For any VFN Class, the rate set forth or described in the related Indenture Supplement, if any. United States and U.S.: The United States of America.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment (without regard to usage) at such time as set forth in the Pricing Schedule.

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

  • Unused Fee Rate means 0.50% per annum.

  • 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.

  • Applicable Letter of Credit 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 “Letter of Credit Fee.”

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • 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 fiscal quarter as determined by Administrative Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including September 30, 2017, 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”: Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.375% II < 50% ofthe Maximum Revolver Amount 0.50% The Applicable Unused Line Fee Percentage shall be re-determined on the first day of each fiscal quarter by Administrative Agent.

  • Facility Fee Percentage means the applicable percentage per annum ----------------------- determined, at any time, based on the range into which Borrower's Credit Rating (if any) then falls, in accordance with the following tables. Any change in the Facility Fee Percentage shall be effective immediately as of the date on which any of the rating agencies announces a change in the Borrower's Credit Rating or the date on which the Borrower has no Credit Rating, whichever is applicable. The Facility Fee Percentage during the time, from time to time, that the Borrower maintains an Investment Grade Credit Rating by either Xxxxx'x or S&P shall be as follows: Range of Borrower's Credit Rating Percentage of S&P/Moody's Ratings Maximum Credit Amount ------------------- --------------------- below BBB-/Baa3 0.00% BBB-/Baa3 0.20% BBB/Baa2 0.20% BBB+/Baa1 0.15% A-/A3 0.15% If at any time the Borrower has a Credit Rating by both Moody's and S&P which Credit Ratings are split, then: (A) if the difference between such Credit Ratings is one ratings category (e.g. Baa2 by Moody's and BBB- by S&P), the Facility Fee Percentage shall be the rate per annum that would be applicable if the highest of the Credit Ratings were used; and (B) if the difference between such Credit Ratings is two ratings category (e.g. Baa1 by Moody's and BBB- by S&P), the Facility Fee Percentage shall be the rate per annum that would be appli- cable if the median of the applicable Credit Ratings is used.

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

  • Applicable Fee Rate means, at any time, the percentage rate per annum at which Commitment Fees are accruing on the unused portion of the Aggregate Commitment at such time as set forth in the Pricing Schedule.