Common use of Borrowing Base Utilization Grid Clause in Contracts

Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage <25% >25% but <50% >50% but <75% >75% but <90% >90% ABR Loans .50 % .75 % 1.00 % 1.25 % 1.50 % Eurodollar Loans 1.50 % 1.75 % 2.00 % 2.25 % 2.50 % Commitment Fee Rate 0.375 % 0.375 % 0.50 % 0.50 % 0.50 % Each change in the Applicable Margin and the Commitment Fee Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change, provided, however, if the Borrower fails to deliver a Reserve Report pursuant to Section 8.11(a), and until such Reserve Report is delivered, then the “Applicable Margin” and the “Commitment Fee Rate” mean the rate per annum set forth on the table above when the Borrowing Base Utilization Percentage is at its highest level.

Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage <£25% >25% but <and £50% >50% but <and £75% >75% but <and £90% >90% Eurodollar Loans 3.000% 3.250% 3.500% 3.750% 4.000% ABR Loans .50 2.000% .75 2.250% 1.00 2.500% 1.25 2.750% 1.50 3.000% Eurodollar Loans 1.50 % 1.75 % 2.00 % 2.25 % 2.50 % Revolving Credit Commitment Fee Rate 0.375 0.500% 0.375 0.500% 0.50 0.500% 0.50 0.500% 0.50 0.500% Each change in the Applicable Margin and the Commitment Fee Rate for Revolving Loans shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change, provided, however, ; provided that if at any time the Borrower fails to deliver a Reserve Report pursuant to Section 8.11(a8.12(a), and until such Reserve Report is delivered, then the “Applicable Margin” and the “Commitment Fee Rate” mean means, with respect to Revolving Loans, the rate per annum set forth on the table above grid when the Borrowing Base Utilization Percentage is at its highest levellevel until such Reserve Report is delivered.