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 Facility Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate the facility fee due and payable under section 2.06(a) of this Agreement determined by reference to the appropriate columns in the pricing grid attached to this Agreement as Schedule 10.7, such Applicable Facility Fee Percentage to be adjusted solely as specified in Section 10.7 hereof
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 the Pricing Schedule hereto.
Examples of Applicable Facility Fee Percentage in a sentence
As consideration for making the Revolving Credit available, the Borrower shall pay to the Bank a non-refundable quarterly facility fee in an amount equal to the Applicable Facility Fee Percentage times the Committed Amount.
The Facility Fee (and the Applicable Facility Fee Percentage) shall be calculated on the basis of a 360 day year for the actual number of days elapsed without regard to the amount of Loans outstanding during any period for which the Facility Fee is computed.
The Borrower agrees to pay to the Administrative Agent, for the account of the Lenders in accordance with each Lender's Commitment Percentage, during the period from and including the Closing Date through but excluding the Maturity Date, a fee (the "Facility Fee") equal to the Applicable Facility Fee Percentage per annum of the average daily sum of the Aggregate Commitments, regardless of usage, during such period.
The Company shall pay to the Administrative Agent, for the account of the Lenders in accordance with their Pro Rata Shares, from and after the date of this Agreement until the date on which the Aggregate Revolving Loan Commitment shall be terminated in whole, a facility fee accruing at the rate of the then Applicable Facility Fee Percentage on the amount of the Aggregate Revolving Loan Commitment (whether used or unused).
Such adjustments shall be given prospective effect only, effective as to all Advances outstanding hereunder, the Applicable Facility Fee Percentage and the Applicable Letter of Credit Percentage, upon the date of delivery of the financial statements under Sections 6.1(a) and 6.1(b) hereunder and the Certificate of Compliance under Section 6.1(e) hereof, in each case establishing applicability of the appropriate adjustment and in each case with no retroactivity or claw-back.
More Definitions of Applicable Facility Fee Percentage
Applicable Facility Fee Percentage with respect to the amount of the Aggregate Commitments, at all times during which the applicable Pricing Level set forth below is in effect, the percentage set forth below next to such Pricing Level, subject to the provisos set forth below: Pricing Level Applicable Facility Fee Percentage Pricing Level I 0.150% Pricing Level II 0.200% Pricing Level III 0.225% Pricing Level IV 0.250% Pricing Level V 0.300% Pricing Level VI 0.500% Pricing Level VII 0.625% Changes in the Applicable Facility Fee Percentage resulting from a change in the Pricing Level shall become effective on the effective date of any change in the Senior Debt Rating from S&P or Xxxxx'x. Notwithstanding anything herein to the contrary, in the event of a split in the Senior Debt Rating from S&P and Xxxxx'x that would otherwise result in the application of more than one Pricing Level (had the provisions regarding the applicability of other Pricing Levels contained in the definitions thereof not been given effect), then the Applicable Facility Fee Percentage shall be determined as follows: (i) in the event of a split in the Senior Debt Rating from S&P and Xxxxx'x by one rating level, then the Applicable Facility Fee Percentage shall be determined using the Pricing Level within which the higher of the two rating categories would otherwise fall, and (ii) in the event of a split in the Senior Debt Rating from S&P and Xxxxx'x by more than one rating level, then the Applicable Margin shall be determined using the Pricing Level within which the next highest level above the lower of the two rating categories would otherwise fall.
Applicable Facility Fee Percentage means, for any day with respect to any Commitment and subject to the provisions of the definition of “Applicable Margin” following the table therein, the rate per annum set forth below under the caption “Facility Fee Rate Spread” corresponding to the Level in effect from time to time, as set forth in the following table: Level Index Debt Ratings (Moody’s or S&P) Facility Fee Rate Spread I >A+ or A1 0.08% II A or A2 0.09% III A-or A3 0.10% IV BBB+ or Baa1 0.125% V <BBB or Baa2 0.15%
Applicable Facility Fee Percentage means, as of any date, a percentage per annum determined by reference to the Pricing Schedule.
Applicable Facility Fee Percentage means, on any date, the applicable percentage set forth below based upon the ratings applicable on such date to Index Debt:
Applicable Facility Fee Percentage means, at any time during a period set forth below, the percentage set forth opposite such period below: Applicable Facility Period Fee Percentage ------ -------------- NIG Period .200% Minimum Investment .150% Grade Period Increased Investment Grade .125% Period Maximum Investment .100% Grade Period
Applicable Facility Fee Percentage on any date, the applicable percentage set forth below based upon the ratings applicable on such date to the Company's senior, unsecured, non-credit-enhanced long-term indebtedness for borrowed money ("Index Debt"): Percentage ---------- CATEGORY 1 Rating A- or higher by S&P A3 or higher by Moodx'x .075% CATEGORY 2 Rating BBB+ by S&P Baa1 by Moodx'x .09% CATEGORY 3 Rating BBB by S&P Baa2 by Moodx'x .10% Percentage ---------- CATEGORY 4 Rating BBB- by S&P Baa3 by Moodx'x .125% CATEGORY 5 Rating BB+ or lower by S&P Ba1 or lower by Moodx'x .175% For purposes of the foregoing, (i) if the ratings for Index Debt established or deemed to have been established by S&P and Moodx'x xxxll fall within different Categories, the Applicable Facility Fee Percentage shall be determined by reference to the numerically lower of such Categories (i.e., the Category corresponding to the higher rating); (ii) if S&P or Moodx'x xxxll not have in effect a rating for Index Debt (other than for a reason not related to the creditworthiness of the Company or to any act or failure to act on the part of the Company, or because such rating agency shall no longer be in the business of rating corporate debt obligations), then the rating of such agency shall be deemed to fall within Category 5; and (iii) if any rating established or deemed to have been established by S&P or Moodx'x xxxll be changed (other than as a result of a change in the rating system of S&P or Moodx'x), xuch change shall be effective as of the date on which it is first announced by the applicable rating agency. Each change in the Applicable Facility Fee Percentage shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of S&P or Moodx'x xxxll change, or if either such rating agency shall no longer have in effect a rating for Index Debt (other than for one of the reasons referred to in clause (ii) above), the Company and the Lenders, acting through the Administrative Agent, shall negotiate in good faith to amend the references to specific ratings in this definition to reflect such changed rating system or the non-availability of ratings from such rating agency.
Applicable Facility Fee Percentage means the percentage designated below based on Parent's Leverage Ratio for the most recently ended fiscal quarter for which financial statements have been delivered pursuant to Section 6.07(a) or (b): -------------------------------------------------------------------------------- Leverage Ratio Applicable Facility Fee Percentage for Term Credit Commitment: -------------------------------------------------------------------------------- Less than 0.40:1.00 0.150% -------------------------------------------------------------------------------- Greater than or equal to 0.40:1.00 0.175% But less than 0.45:1.00 -------------------------------------------------------------------------------- Greater than or equal to 0.45:1.00 0.200% But less than 0.50:1.00 -------------------------------------------------------------------------------- Greater than or equal to 0.50:1.00 0.250% But less than 0.55:1.00 -------------------------------------------------------------------------------- Greater than or equal to 0.55:1.00 0.300% -------------------------------------------------------------------------------- provided, however, that: