Common use of Applicable Rate Clause in Contracts

Applicable Rate. The “Applicable Rate” under this Agreement shall be the following percentages per annum, based upon the Debt Rating as set forth below: Applicable Rate Pricing Level Debt Ratings S&P/Xxxxx’x Facility Fee Rate Applicable Rate for Eurodollar Loans Applicable Rate for Base Rate Loans Utilization Fee Rate 1 A/A2 or higher .045 % .180 % 0 .05 % 2 A-/A3 .050 % .200 % 0 .05 % 3 BBB+/Baa1 .070 % .230 % 0 .05 % 4 BBB/Baa2 .090 % .310 % 0 .05 % 5 BBB-/Baa3 .110 % .440 % 0 .05 % 6 Lower than BBB-/Baa3 or unrated .125 % .575 % 0 .10 % Initially, the Applicable Rate shall be determined based upon the Debt Rating of BBB/Baa2. Thereafter, each change in the Applicable Rate resulting from a publicly announced change in the Debt Rating shall be effective during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change.

Applicable Rate. The “Applicable Rate” under this Agreement shall be the following percentages per annum, based upon the Debt Rating as set forth below: Applicable Rate Pricing Level Debt Ratings S&P/Xxxxx’x Moody’s Facility Fee Rate Applicable Rate for Eurodollar Loans Applicable Rate for Base Rate Loans Utilization Fee Rate 1 A/A2 or higher .045 % .180 % 0 .05 % 2 A-/A3 .050 % .200 % 0 .05 % 3 BBB+/Baa1 .070 % .230 % 0 .05 % 4 BBB/Baa2 .090 % .310 % 0 .05 % 5 BBB-/Baa3 .110 % .440 % 0 .05 % 6 Lower than BBB-/Baa3 or unrated .125 % .575 % 0 .10 % Initially, the Applicable Rate shall be determined based upon the Debt Rating of BBB/Baa2. Thereafter, each change in the Applicable Rate resulting from a publicly announced change in the Debt Rating shall be effective during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change.

Applicable Rate. The “Applicable Rate” under this Agreement shall be the following percentages per annum, based upon the Debt Rating as set forth below: Applicable Rate Pricing Level Debt Ratings S&P/Xxxxx’x Facility Fee Rate Applicable Rate for Eurodollar Loans and Applicable Rate for Letters of Credit Applicable Rate for Base Rate Loans Utilization Fee Rate 1 A/A2 or higher .045 % .180 % 0 .05 % 2 A-/A3 .050 % .200 % 0 .05 % 3 BBB+/Baa1 .070 % .230 % 0 .05 % 4 BBB/Baa2 .090 % .310 % 0 .05 % 5 BBB-/Baa3 .110 % .440 % 0 .05 % 6 Lower than BBB-/Baa3 or unrated .125 % .575 % 0 .10 % Initially, the Applicable Rate shall be determined based upon the Debt Rating of BBB/Baa2. Thereafter, each change in the Applicable Rate resulting from a publicly announced change in the Debt Rating shall be effective during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change.