Applicable Commitment Fee Sample Clauses

Applicable Commitment Fee. For purposes of this Agreement, the terms "LONG-TERM APPLICABLE COMMITMENT FEE" and "SHORT-TERM APPLICABLE COMMITMENT FEE" shall mean the rate per annum set forth in the chart below which corresponds to the range of ratios in which the Borrower's Consolidated Total Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: ---------------------------------------------------------------------------------------------------------------------- Long-Term Applicable Short-Term Applicable Consolidated Total Indebtedness Commitment Fee Commitment Fee to Consolidated EBITDA Ratio ---------------------------------------------------------------------------------------------------------------------- Less than or equal to 1.0 to 1.0 .20% .10% ---------------------------------------------------------------------------------------------------------------------- Greater than 1.0 to 1.0 but less than or equal to 1.5 to 1.0 .25% .125% ---------------------------------------------------------------------------------------------------------------------- Greater than 1.5 to 1.0 but less than or equal to 2.0 to 1.0 .30% .15% ---------------------------------------------------------------------------------------------------------------------- Greater than 2.0 to 1.0 .375% .20% ---------------------------------------------------------------------------------------------------------------------- All such adjustments shall be determined as of the date the Borrower's quarterly financial. statements and Compliance Certificate are required to be delivered to the Lenders pursuant to items (i) and (iii) of Section 6.02. The foregoing notwithstanding, (i) the Long-Term Applicable Commitment Fee from the Closing Date to and including the September 1998 Delivery Date shall be .20% and (ii) the Short-Term Applicable Commitment Fee from the Closing Date to and including the September 1998 Delivery Date shall be .10%. All Commitment Fees shall be payable (i) quarterly in arrears beginning December 31, 1998, and continuing on the last Business Day of each Fiscal Quarter occurring during the term of the Long-Term Revolving Credit Commitment or the Short-Term Revolving Credit Commitment, as appropriate, (ii) upon the relevant Expiration Date and (ii) upon acceleration of the Notes.
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Applicable Commitment Fee. The percentage (expressed in basis points) determined from time to time based upon the ratio of the Borrower’s Consolidated Total Indebtedness to the Borrower’s Consolidated EBITDA which corresponds to the range of ratios in which the Borrower’s Consolidated Total Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: Consolidated Total Indebtedness to Consolidated EBITDA Ratio Applicable Commitment Fee Less than 1.50 to 1.0 0.25 % Greater than or equal to 1.50 to 1.0 but less than 2.75 to 1.0 0.375 % Greater than or equal to 2.75 to 1.0 0.50 % All such adjustments shall be determined as of the date that the Borrower’s quarterly financial statements and Compliance Certificate are delivered to the Bank pursuant to Sections 5.2a, 5.2b and 5.2c.
Sample 1Sample 2
Applicable Commitment Fee. The chart in clause (b) in the definition of “Applicable Commitment Fee Percentage” is revised to read as follows: Tandy Brands Accessories, Inc. — Fifth Amendment 1 APPLICABLE TOTAL FUNDED INDEBTEDNESS COMMITMENT FEE TO EBITDA RATIO PERCENTAGE Less than 1.00 to 1.00 0.20 % Greater than or equal to 1.00 to 1.00 but less than 2.00 to 1.00 0.25 % Greater than or equal to 2.00 to 1.00, but less than 2.50 to 1.00 0.30 % Greater than or equal to 2.50 to 1.00, but less than 3.00 to 1.00 0.375 % Greater than or equal to 3.00 to 1.00 0.375 %* *Applicable from Effective Date of Fifth Amendment through Review Date.
Sample 1
Applicable Commitment Fee. For purposes of this Agreement, the term "APPLICABLE COMMITMENT FEE" shall mean the rate per annum set forth in the chart below which corresponds to the range of ratios in which the Borrower's Consolidated Total Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: All such adjustments shall be determined as of the date the Borrower's financial statements and Compliance Certificate are required to be delivered to the Agent pursuant to items (i), (ii) and (iii) of Section 6.02. The foregoing notwithstanding, the Applicable Commitment Fee from the Closing Date to and including the December 1998 Delivery Date shall be .225%. All Commitment Fees shall be payable (i) quarterly in arrears beginning March 31, 1999, and continuing on the last Business Day of each Fiscal Quarter occurring during the term of the Revolving Credit Commitment, (ii) upon the Expiration Date and (iii) upon acceleration of the Notes.
Sample 1
Applicable Commitment Fee. The chart in clause (b) in the definition of “Applicable Commitment Fee Percentage” is revised to read as follows: APPLICABLE TOTAL FUNDED INDEBTEDNESS COMMITMENT FEE TO EBITDA RATIO PERCENTAGE Less than 1.00 to 1.00 0.20 % Greater than or equal to 1.00 to 1.00 but less than 2.00 to 1.00 0.25 % Greater than or equal to 2.00 to 1.00, but less than 2.50 to 1.00 0.30 % Greater than or equal to 2.50 to 1.00, but less than 3.00 to 1.00 0.375 % Greater than or equal to 3.00 to 1.00 0.375 %* Tandy Brands Accessories, Inc. — Fourth Amendment * Applicable from Effective Date of Fourth Amendment through Review Date.
Sample 1
Applicable Commitment Fee. For purposes of this Agreement, the term "LONG-TERM APPLICABLE COMMITMENT FEE" shall mean the rate per annum set forth in the chart below which corresponds to the range of ratios in which the Borrower's Consolidated Total Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: Long-Term Consolidated Total Indebtedness Applicable to Consolidated EBITDA Ratio Commitment Fee ---------------------------- -------------- Less than or equal to 1.5 to 1.0 .25% Greater than 1.5 to 1.0 but less than or equal to 2.0 to 1.0 .30% Greater than 2.0 to 1.0 but less .375% than or equal to 2.5 to 1.0 Greater than 2.5 to 1.0 .50% All such adjustments shall be determined as of the date the Borrower's quarterly financial statements and Compliance Certificate are required to be delivered to the Lenders pursuant to items (i) and (iii) of Section 6.02. The foregoing notwithstanding, (i) the Long-Term Applicable Commitment Fee from the Closing Date to and including the September 1998 Delivery Date shall be .20%, (ii) the Short-Term Applicable Commitment Fee from the Closing Date to and including the September 1998 Delivery Date shall be .10%, (iii) the Short-Term Applicable Commitment Fee from the First Amendment Effective Date to and including the June 1999 Delivery Date shall be .20%, and (iv) the Long-Term Applicable Commitment Fee from the Second Amendment Effective Date to and including the June 2000 Delivery Date shall be .30%. All Commitment Fees shall be payable (i) quarterly in arrears beginning December 31, 1998, and continuing on the last Business Day of each Fiscal Quarter occurring during the term of the Long-Term Revolving Credit Commitment or the Short-Term Revolving Credit Commitment, as appropriate, (ii) upon the relevant Expiration Date and (ii) upon acceleration of the Notes.
Sample 1
Applicable Commitment Fee. For each calendar quarter or portion thereof, the Applicable Commitment Fee shall be the applicable commitment fee at a rate per annum set forth below with respect to the Commitment Fee Percentage, as determined for such calendar quarter or portion thereof. LEVEL COMMITMENT FEE PERCENTAGE APPLICABLE COMMITMENT FEE ------------------------------------------------------------------------------------------ I Less than 33.3% 0.750% II Greater than or equal to 33.3% but less than 66.6% 0.500% III Greater than or equal to 66.6% 0.250% APPLICABLE MARGIN. For each period commencing on an Adjustment Date through the date immediately preceding the next Adjustment Date (each a "RATE ADJUSTMENT PERIOD"), the Applicable Margin shall be the applicable margin set forth below for Base Rate Loans or Eurocurrency Rate Loans, as the case may be, denominated in Dollars or in Pounds Sterling or Euros, as the case may be, with respect to the Fixed Charge Coverage Ratio, as determined for the Reference Period of the Borrowers and its Subsidiaries ending on the fiscal quarter ended immediately prior to the applicable Rate Adjustment Period.
Sample 1
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Applicable Commitment Fee. For purposes of this ------------------------- Agreement, the term "Applicable Commitment Fee" shall mean the rate per annum set forth in the chart below which corresponds to the range of ratios in which the Borrowers' Consolidated Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: --------------------------------------------------------------------- Consolidated Indebtedness Commitment Fee to Consolidated EBITDA Ratio --------------------------------------------------------------------- Less than 2.0 to 1.0 .25% ---------------------------------------------------------------------
Sample 1
Applicable Commitment Fee. The applicable Commitment Fee set forth in the ------------------------- following table: APPLICABLE LEVERAGE RATIO COMMITMENT FEE less than 2.50:1 0.25% per annum greater than or equal to 2.50:1 but less than 0.30% per annum 3.00:1 greater than or equal to 3.00:1 but less than 0.35% per annum 3.50:1 greater than or equal to 3.50:1 0.375% per annum The effective date of a change in the Applicable Commitment Fee shall be the earlier of (a) forty-five (45) days after the end of a fiscal quarter, or (b) the first day after receipt by the Lenders of financial statements delivered pursuant to (S)7.4(a) or (b) hereof which indicate a change in the Leverage Ratio and in the Applicable Commitment Fee in accordance with the above table. Notwithstanding the foregoing, until receipt by the Lenders of financial statements delivered pursuant to (S)7.4(a) or (b) hereof for the fiscal quarter ended March 31, 1996, the Applicable Commitment Fee shall be 0.3% per annum. If at the time of calculation of the Commitment Fee the most recent financial statements required to be delivered pursuant to (S)7.4(a) or (b) hereof have not been delivered, the Applicable Commitment Fee shall be 0.375, subject to adjustment upon actual receipt of such financial statements.
Sample 1

Related to Applicable Commitment Fee

  • Commitment Fee The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender under each Facility in accordance with its Pro Rata Share, a commitment fee equal to the Applicable Rate with respect to commitment fees times the actual daily amount by which the aggregate Revolving Credit Commitment exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans (which shall exclude, for the avoidance of doubt, any Swing Line Loans) and (B) the Outstanding Amount of L/C Obligations; provided that (x) any commitment fee accrued with respect to any of the Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time and (y) no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee on each Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Facility, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date during the first full fiscal quarter to occur after the Closing Date, and on the Maturity Date for the Revolving Credit Facility. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Unused Commitment Fee Borrower shall pay to Bank a fee equal to ten-hundredths percent (0.10%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a calendar quarter basis by Bank and shall be due and payable by Borrower in arrears on the last day of each September, December, March and June.

  • Commitment Fees, etc (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the date hereof.

  • Unused Facility Fee A quarterly Unused Facility Fee equal to one quarter of one percent (0.25%) per annum of the difference between the Revolving Line and the average outstanding principal balance of Advances during the applicable quarter, which fee shall be payable within five (5) days of the last day of each such quarter and shall be nonrefundable; and

  • Facility Fee The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee, in Dollars, equal to the Applicable Rate for facility fees times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate for facility fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate for facility fees separately for each period during such quarter that such Applicable Rate for facility fees was in effect.

  • Revolving Credit Commitment Fee The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.

  • Unused Revolving Line Facility Fee A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

  • Commitment Fees (i) On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five percent (5%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.

  • Revolving Committed Amount If at any time after the Closing Date, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall exceed the Revolving Committed Amount, the Borrower shall immediately prepay the Revolving Loans and Swingline Loans and (after all Revolving Loans and Swingline Loans have been repaid) Cash Collateralize the LOC Obligations in an amount sufficient to eliminate such excess (such prepayment to be applied as set forth in clause (vii) below).

  • Unused Fee From and after the Closing Date, and during such times in which the Borrower does not have two (2) Investment Grade Ratings (and clause (a) of the definition of “Applicable Percentage” shall be applicable), the Borrower agrees to pay the Administrative Agent for the ratable benefit of the Lenders an unused fee (the “Unused Fee”) for each calendar quarter (or portion thereof) in an amount equal to (a) 0.35% (or 0.50% to the extent that as of the beginning of any day, the Outstanding Amount of Revolving Obligations (excluding the amount of any then-outstanding Swing Line Loans) is less than 50% of the Aggregate Revolving Commitments), multiplied by (b) the amount by which the Aggregate Revolving Commitments exceed the sum of the Outstanding Amount of Revolving Obligations (excluding the amount of any then-outstanding Swing Line Loans) as of the beginning of such day. To the extent applicable, the Unused Fee shall accrue at all times during the Commitment Period (and thereafter so long as Revolving Obligations shall remain outstanding), including periods during which the conditions to Extensions of Credit in Section 4.02 may not be met, and shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the Termination Date (and, if applicable, thereafter on demand); provided, that, pursuant to Section 2.15(a)(iii), (i) no Unused Fee shall accrue on the Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting Lender and (ii) any Unused Fee accrued with respect to the Commitment of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender. The Administrative Agent shall distribute the Unused Fee to the Lenders pro rata in accordance with the respective Revolving Commitments of the Lenders.

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