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 2.14(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 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 2.14(C) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.
Examples of Applicable Commitment Fee Percentage in a sentence
In the event more than one Applicable Commitment Fee Percentage or Total Unutilized Commitment amount is in effect during a Calendar Quarter, the Commitment Fee shall be determined by calculating a separate fee for each portion of such Calendar Quarter to which a different Applicable Commitment Fee Percentage or Total Unutilized Commitment amount applied and adding such separate fees together to determine the total Commitment Fee for such Calendar Quarter.
The Commitment Fee for such Calendar Quarter (or portion thereof) shall be an amount equal to the product of (1) the Applicable Commitment Fee Percentage times (2) the amount of the Total Unutilized Commitment times (3) a fraction, the numerator of which is the number of days in such Calendar Quarter (or portion thereof) and the denominator of which is 360.
The Commitment Fee for such Calendar Quarter (or portion thereof) shall be an amount equal to the product of (1) the Applicable Commitment Fee Percentage times (2) the amount of the Unutilized Commitment times (3) a fraction, the numerator of which is the number of days in such Calendar Quarter (or portion thereof) and the denominator of which is 360.
Each change in the Applicable Base Rate Margin or Applicable Eurocurrency Margin or the Applicable Commitment Fee Percentage or any change in the LC Commission as a result of a change in the Borrower’s Most Recent Leverage Ratio shall become effective on the date upon which such change in such ratio occurs.
More Definitions of Applicable Commitment Fee Percentage
Applicable Commitment Fee Percentage means 0.250% per annum.
Applicable Commitment Fee Percentage means, as of any date, the percentage per annum determined by reference to the applicable Adjusted Total Debt to EBITDAR Ratio in effect on such date as set forth on Schedule 1.1 attached hereto; provided, that a change in the Applicable Commitment Fee Percentage resulting from a change in the Adjusted Total Debt to EBITDAR Ratio shall be effective on the second Business Day after the date the Borrower is required to deliver the financial statements required by Section 5.1(a) or (b) and the compliance certificate required by Section 5.1 (c); provided, further, that if at any time the Borrower shall have failed to deliver such financial statements and such certificate, the Applicable Commitment Fee Percentage shall be at Level IV until such time as such financial statements and certificate are delivered, at which time the Applicable Commitment Fee Percentage shall be determined as provided above. Notwithstanding the foregoing, the Applicable Commitment Fee Percentage from the Closing Date until the first financial statement and compliance certificate are required to be delivered shall be at Level II.
Applicable Commitment Fee Percentage means the percentage per annum to be used to calculate the Commitment Fee payable to the Banks in respect of the unused portion of the Commitments. The Applicable Commitment Fee Percentage shall be determined based upon the Leverage Ratio and the Global Leverage Ratio as of the last day of the fiscal quarter most recently ended as follows: Leverage Applicable Commitment Ratio Fee Percentage ----- -------------- Less than 1.25x 0.200% Less than 1.75x but greater than or 0.225% equal to 1.25x Less than 2.25x but greater than or 0.275% equal to 1.75x Less than 2.75x but greater than or 0.325% equal to 2.25x Greater than or equal to 2.75x 0.375% provided that in the event that the Global Leverage Ratio is greater than 3.50x as of the last day of the fiscal quarter most recently ended, then the Applicable Commitment Fee Percentage set forth above shall be increased by 0.125%. The ratio upon which a determination of "Applicable Commitment Fee Percentage" is based shall be computed on the basis of the quarterly financial statements and Compliance Certificate delivered by Borrower pursuant to Sections 5.06(a) and (g). Changes in the Applicable Commitment Fee Percentage shall be effective as of third Business Day after receipt by the Administrative Agent of such financial statements and Compliance Certificate, provided that if such financial statements and Compliance Certificate are not delivered on a timely basis, the Applicable Commitment Fee Percentage shall be 0.50% until such financial statements and Compliance Certificate are delivered. In the event that any financial information provided by Borrower is subsequently determined to be inaccurate and accurate information would have resulted in a higher Applicable Commitment Fee Percentage, such higher Applicable Commitment Fee Percentage shall be given effect retroactively and Borrower shall promptly pay to the Administrative Agent for the benefit of the Banks such amount as is necessary to give effect to such change.
Applicable Commitment Fee Percentage means, on any day, the applicable per annum percentage set forth at the appropriate intersection in the table shown below, based on the Consolidated Leverage Ratio for the Rolling Period ending on the most recent Quarterly Date with respect to which the Company is required to deliver the Current Information: ------------------------------------------------------------ Leverage Ratio Commitment Fee Percentage ------------------------------------------------------------ Greater than or equal to 4.00 .500% ------------------------------------------------------------ Greater than or equal to 2.00 but .375% less than 4.00 ------------------------------------------------------------ Less than 2.00 .300% ------------------------------------------------------------ Each change in the Applicable Commitment Fee Percentage based on a change in the Current Information shall be effective on the date on which the Current Information is received by the Administrative Agent and shall remain in effect until the next change to be effected pursuant to this paragraph. Notwithstanding the foregoing, (a) the initial Applicable Commitment Fee Percentage will be .500% from the Closing Date through the date the Current Information for the second full Fiscal Quarter after the Closing Date is received by the Administrative Agent, and (b) if at any time the Company fails to deliver Current Information on or before the date required pursuant to Section 5.2 (without regard to grace periods), the Applicable Commitment Fee Percentage will be .500% from the date such Current Information is due pursuant to Section 5.2 (without regard to grace periods) through the date the Administrative Agent receives all Current Information then due pursuant to Section 5.2.
Applicable Commitment Fee Percentage means, as of any date, with respect to the Commitment Fee as of any date, the percentage per annum determined by reference to the applicable Rating Category as set forth on Schedule I; provided, that a change in the Applicable Commitment Fee Percentage resulting from a change in the Rating Category shall be effective on the day on which any rating agency changes its rating and shall continue until the day prior to the day that a further change becomes effective. Notwithstanding the foregoing, the Applicable Commitment Fee Percentage for the Commitment Fee from the Closing Date until the first change in the applicable Rating Category after the Closing Date shall be at Level III as set forth on Schedule I.
Applicable Commitment Fee Percentage means, with respect to any Margin Period, the applicable percentage set forth below:
Applicable Commitment Fee Percentage means at any date, 0.50% per annum (provided that, for the avoidance of doubt, for the periods prior to the Seventh Amendment Effective Date for which interest or fees have not been paid, the Applicable Commitment Fee Percentage in effect immediately prior to giving effect to the Seventh Amendment shall be applicable).