Examples of Applicable Commitment Fee Percentage in a sentence
In the event more than one Applicable Commitment Fee Percentage or Total Unutilized Commitment amount is in effect during a Calendar Quarter, the Commitment Fee shall be determined by calculating a separate fee for each portion of such Calendar Quarter to which a different Applicable Commitment Fee Percentage or Total Unutilized Commitment amount applied and adding such separate fees together to determine the total Commitment Fee for such Calendar Quarter.
The Commitment Fee for such Calendar Quarter (or portion thereof) shall be an amount equal to the product of (1) the Applicable Commitment Fee Percentage times (2) the amount of the Total Unutilized Commitment times (3) a fraction, the numerator of which is the number of days in such Calendar Quarter (or portion thereof) and the denominator of which is 360.
The Commitment Fee for such Calendar Quarter (or portion thereof) shall be an amount equal to the product of (1) the Applicable Commitment Fee Percentage times (2) the amount of the Unutilized Commitment times (3) a fraction, the numerator of which is the number of days in such Calendar Quarter (or portion thereof) and the denominator of which is 360.
Each change in the Applicable Base Rate Margin or Applicable Eurocurrency Margin or the Applicable Commitment Fee Percentage or any change in the LC Commission as a result of a change in the Borrower’s Most Recent Leverage Ratio shall become effective on the date upon which such change in such ratio occurs.