Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage ≥ 90% < 90% < 75% < 50% < 25% LIBOR Loans 3.50% 3.25% 3.00% 2.75% 2.50% ABR Loans 2.50% 2.25% 2.00% 1.75% 1.50% Commitment Fee Rate 0.50% 0.50% 0.50% 0.50% 0.50%
Appears in 2 contracts
Sources: Credit Agreement, Credit Agreement (California Resources Corp)
Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage ≥ 90% < 90% < 75% < 50% < 25% LIBOR ³ 25% <50% ³ 50% <75% ³ 75% <90% ³ 90% Eurodollar Loans 3.502.00 % 3.252.25 % 3.002.50 % 2.752.75 % 2.503.00 % ABR Loans 2.501.00 % 2.251.25 % 2.001.50 % 1.751.75 % 1.502.00 % Commitment Fee Rate 0.500.375 % 0.500.375 % 0.500.50 % 0.500.50 % 0.500.50 %
Appears in 2 contracts
Sources: Credit Agreement (Rice Energy Operating LLC), Credit Agreement (Rice Energy Inc.)
Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage ≥ <25% ≥25%, but <50% ≥50%, but <75% ≥75%, but <90% < 90≥90% < 75ABR Loan Margin 1.00% < 501.25% < 251.50% LIBOR Loans 3.501.75% 3.252.00% 3.00Eurodollar Loan Margin 2.00% 2.25% 2.50% 2.75% 2.50% ABR Loans 2.50% 2.25% 2.00% 1.75% 1.50% Commitment Fee Rate 0.50% 0.50% 0.50% 0.50% 0.503.00%
Appears in 1 contract
Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage <25% ≥ 25%, but <50% ≥ 50%, but <75% ≥ 75%, but <90% ≥ 90%, but ≤100% < 90% < 75% < 50% < 25% LIBOR ABR Loans 3.503.00% 3.25% 3.003.50% 2.753.75% 2.504.00% ABR Eurodollar Loans 2.504.00% 2.254.25% 2.004.50% 1.754.75% 1.505.00% Commitment Fee Rate 0.50% 0.50% 0.500.75% 0.500.75% 0.500.75%
Appears in 1 contract
Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage ≥ 90< 25% > 25% < 50% > 50% < 75% > 75% < 90% < 75% < 50% < 25% LIBOR Loans 3.50% 3.25% 3.00% 2.75% 2.50% ABR Loans 2.50% 2.25% 2.00% 1.75% 1.50% Commitment Fee Rate 0.50% 0.50% 0.50% 0.50% 0.50> 90%
Appears in 1 contract