Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.
Commitment Fee Rate. 0.50% per annum.
Commitment Fee Rate. 1/2 of 1% per annum; provided, that on and after the first Adjustment Date occurring after the completion of two full fiscal quarters of the Borrower after the Closing Date, the Commitment Fee Rate will be determined pursuant to the Pricing Grid.
Examples of Commitment Fee Rate in a sentence
From and after the Effective Date, the Borrower shall pay to the Administrative Agent for the ratable account of the Banks in accordance with their Percentages a commitment fee accruing at a rate per annum equal to the Commitment Fee Rate on the average daily unused amount of the Commitments (the “Commitment Fee”).
More Definitions of Commitment Fee Rate
Commitment Fee Rate. 1/2 of 1% per annum.
Commitment Fee Rate has the meaning specified in Section 2.04(a).
Commitment Fee Rate means 0.25% per annum.
Commitment Fee Rate means, with respect to the 2020 Available Commitment on any day, the rate per annum set forth below opposite the Status in effect on such day: Status Commitment Fee Rate Level I Status 0.50 % Level II Status 0.375 % Notwithstanding the foregoing, the term “Commitment Fee Rate” shall mean 0.50% during the period from and including the 2015 May Effective Date to but excluding the Trigger Date.
Commitment Fee Rate means, at any time, the rate per annum set forth below next to the Applicable Rating Level in effect at such time: Applicable Rating Level Commitment Fee Rate 1 0.045% 2 0.050% 3 0.060% 4 0.075% A change in the Commitment Fee Rate resulting from a change in the Applicable Rating Level shall become effective upon the date of public announcement of a change in the Xxxxx’x Rating or the S&P Rating that results in a change in the Applicable Rating Level.
Commitment Fee Rate means the rate per annum set forth on the grid when the Borrowing Base Utilization Percentage is at its highest level.