Margin and commitment fee Sample Clauses

Margin and commitment fee. (a) The Margin (expressed as a percentage per annum) will be set in accordance with clauses 10.5(b) and (c) to the percentage rate specified in the table below set opposite the long term credit rating assigned by the Rating Agencies to the Company, as follows: A+/A1 0.125 ▇/▇▇ ▇.▇▇▇ ▇-/▇▇ 0.175 BBB+/Baa1 0.225 BBB/Baa2 0.250 BBB-/Baa3 or lower 0.275 (b) Promptly after becoming aware of the same, the Company shall notify the Agent in writing if any change in the long term credit rating assigned to the Company occurs or the circumstances contemplated by clause 10.5(d)(v) arise (each an “Adjustment Event”). (i) The Margin will be adjusted (if applicable) three Business Days after receipt by the Agent of notification of an Adjustment Event in accordance with clause 10.5(b) or, if earlier, three Business Days after the date on which the Agent otherwise becomes aware of that Adjustment Event; and (ii) The Agent shall notify in writing the Lenders and the Company of any adjustment to the Margin under sub-paragraph (i) above. (d) For the purposes of this clause 10.5:

Margin and commitment fee. (a) Subject to the following provisions of this Clause, the Margin will be 0.55 per cent. per annum in respect of Tranches A and C and 0.65 per cent. per annum in respect of Tranche B. (b) The Margin for all Advances in a Tranche will be adjusted in accordance with paragraph (d) below to the percentage rate specified below the reference to that Tranche in the table below and set opposite the long term credit rating assigned by either Moody's or S&P at such time to Vodafone. ----------------------------------------- --------------------------- --------------------------------- Moody's or S&P Rating Tranches A and C Tranche B (% p.a.) (% p.a.) ----------------------------------------- --------------------------- --------------------------------- A2/A or higher 0.45 0.55 ----------------------------------------- --------------------------- --------------------------------- A3/A- 0.50 0.60 ----------------------------------------- --------------------------- --------------------------------- Baa1/BBB+ 0.55 0.65 ----------------------------------------- --------------------------- --------------------------------- Baa2/BBB or lower 0.70 0.80 ----------------------------------------- --------------------------- --------------------------------- (c) If at any time after a Margin has been determined in accordance with paragraph (b), no long term credit rating is assigned to Vodafone by either Moody's or S&P, the Margin for all Advances in a Tranche will be the Margin for that Tranche shown in the table in paragraph (b) above which applied immediately prior to the date Vodafone ceased to have a long term credit rating assigned to it. (d) Any adjustment to the Margin (whether upwards or downwards) in accordance with paragraph (b) or (c) above or (g)(iv) below will only apply to the Term of any Advance, or any Interest Period of an Advance, which starts on or after: (i) the date of publication of any relevant change to the long term credit rating assigned to Vodafone; or (ii) the date on which no long term credit rating is assigned to Vodafone by either Moody's or S&P as provided in paragraph (c) above; and/or (iii) the date on which the requirements of sub-paragraph (g)(iv) below are satisfied (or cease to be satisfied). (e) The commitment fee referred to in Clause 20.1 (Commitment fee) shall be on each day: (i) (in respect of Tranche A and Tranche B) 0.125 per cent. per annum; and (ii) (in respect of Tranche C) 0.20 per cent. per annum until the long term credit ra...

Margin and commitment fee. (a) The Margin (expressed as a percentage per annum) will be set in accordance with paragraphs (b) and (c) below to the percentage rate specified in the table below set opposite the long term credit rating assigned by the Rating Agencies to the Parent, as follows: (b) Promptly after becoming aware of the same, the Parent shall notify the Agent in writing if any change in the long term credit rating assigned to the Parent occurs or the circumstances contemplated by paragraph (d)(v) below arise (each an "Adjustment Event"). (i) The Margin will be adjusted (if applicable) three Business Days after receipt by the Agent of notification of an Adjustment Event in accordance with paragraph (b) above or, if earlier, three Business Days after the date on which the Agent otherwise becomes aware of that Adjustment Event; and (ii) the Agent shall notify in writing the Lenders and the Parent of any adjustment to the Margin under sub-paragraph (i) above. (d) For the purposes of this Clause 8.7:

Margin and commitment fee. (A) The Margin for any Interest Period shall be 0.40 per cent. per annum. (B) The Borrowers shall pay a commitment fee in dollars calculated from day to day on the daily undrawn amount of the Commitment on the basis of actual days elapsed from the Signing Date and a 360 day year at the rate of 0.1375 per cent. per annum. (C) The commitment fee shall be paid to the Facility Agent for the account of the Lenders pro rata to the proportion which their respective Commitments bear to the Total Commitments under the Facility. (D) Subject to paragraph (E) below, unless notice has been given to the Facility Agent in accordance with the provisions of Clause 9.2 that the Facility is to be cancelled in full on the date which is three months after the Signing Date, the commitment fee shall be paid on the date which is three months after the Signing Date and on each date falling at three monthly intervals thereafter and on the Final Drawing Date (or any earlier date on which the relevant Commitments of the Lenders are permanently reduced to zero). (E) No commitment fee will be payable if the Facility is or has been cancelled in full on the date which is three months after the Signing Date.

Margin and commitment fee. (a) The Margin will be: