Applicable Commitment Fee Clause Samples
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 Senior Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: Consolidated Senior Indebtedness to Consolidated EBITDA Ratio Commitment Fee ------------------------------------------------------------------------------------------------ Less than 0.5 to 1.0 .15% ------------------------------------------------------------------------------------------------ Equal to or greater than 0.5 to 1.0, but less than 1.0 to 1.0 .175% ------------------------------------------------------------------------------------------------ Equal to or greater than 1.0 to 1.0 but less than or equal to 1.5 to 1.0 .20% ------------------------------------------------------------------------------------------------ Equal to or greater than 1.5 to 1.0 but less than or equal to 2.0 to 1.0 .225% ------------------------------------------------------------------------------------------------ Equal to or greater than 2.0 to 1.0 .25% ------------------------------------------------------------------------------------------------ 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 Lenders pursuant to items (a), (b) and (c) 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 .15%. 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 Revolving Credit Commitment, (ii) upon the Expiration Date and (iii) upon acceleration of the Notes.
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: 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.
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.
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.
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% ---------------------------------------------------------------------
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 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.
Applicable Commitment Fee. The chart in clause (b) in the definition of “Applicable Commitment Fee Percentage” is revised to read as follows: 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 Fourth Amendment through Review Date.
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.
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. 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.