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
Applicable Margin, Applicable Commitment Fee Percentage and Applicable L/C Fee Percentage.
More Definitions of Applicable Commitment Fee Percentage
Applicable Commitment Fee Percentage. 0.25% 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(a) 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 statements and compliance certificate are required to be delivered shall be at Level II.
Applicable Commitment Fee Percentage the applicable rate per annum set forth below, based upon the Consolidated First Lien Leverage Ratio as of the end of the fiscal quarter of the Borrower for which consolidated financial statements have theretofore been most recently delivered pursuant to subsection 6.1(a) or (b); provided that, until the date of the delivery of the consolidated financial statements pursuant to subsection 6.1(a) or (b) as of and for the first fiscal quarter ended after the 2021 Amendment Effective Date, the Applicable Commitment Fee Percentage shall be based on the rates per annum set forth in Category 2: Consolidated First Lien Leverage Ratio: Applicable Commitment Fee Percentage Category 1 Greater than or equal to 3.00:1.00 0.30% Category 2 Greater than or equal to 1.50:1.00 but less than 3.00:1.00 0.25% Category 3 Less than 1.50:1.00 0.20% For purposes of the foregoing, each change in the Applicable Commitment Fee Percentage resulting from a change in the Consolidated First Lien Leverage Ratio shall be effective during the period commencing on and including the Business Day following the date of delivery to the Administrative Agent pursuant to subsection 6.1(a) or (b) of the consolidated financial statements indicating such change and ending on the date immediately preceding the effective date of the next such change. Notwithstanding the foregoing, the Applicable Commitment Fee Percentage shall be based on the rates per annum set forth in Category 1 (i) at any time that an Event of Default has occurred and is continuing or (ii) if the Borrower fails to deliver the consolidated financial statements required to be delivered pursuant to subsection 6.1(a) or (b) or any Compliance Certificate required to be delivered pursuant to subsection 6.2(b), in each case within the time periods specified herein for such delivery, during the period commencing on and including
Applicable Commitment Fee Percentage means (i) on any ------------------------------------ day after the First Amendment Effective Date through and including February 4, 1999, the applicable per annum percentage set forth at the appropriate intersection in the table shown below, based on the Adjusted Senior Debt 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: =================================================================== Adjusted Senior Debt Leverage Commitment Fee Percentage Ratio ------------------------------------------------------------------- Greater than or equal to 4.00 .500% ------------------------------------------------------------------- Greater than or equal to 2.00 but less than 4.00 .375% ------------------------------------------------------------------- Less than 2.00 .300% =================================================================== and (ii) on any day on or after February 4, 1999, the applicable per annum percentage set forth at the appropriate intersection in the table shown below, based on the Adjusted Senior Debt 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: =================================================================== Adjusted Senior Debt Leverage Commitment Fee Percentage Ratio ------------------------------------------------------------------- Greater than or equal to 2.5 .500% ------------------------------------------------------------------- Less than 2.5 .375% =================================================================== In each case, 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) for the period from February 4, 1999 through September 30, 1999, the Applicable Commitment Fee Percentage will be .500%, 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 A...
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).