Applicable Commitment Fee Rate definition
Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”
Applicable Commitment Fee Rate means:
Applicable Commitment Fee Rate means, at any time, the percentage rate per annum at which Commitment Fees are accruing on the actual unused amount of the Aggregate Commitment at such time as set forth in the Pricing Schedule.
Examples of Applicable Commitment Fee Rate in a sentence
The Borrower agrees to pay to the Administrative Agent for the account of each Lender, a commitment fee, which shall accrue at the Applicable Commitment Fee Rate on the unused amount of the Dollar Commitment and Multicurrency Commitment of such Lender, as applicable, on each day during the period from and including the Effective Date to the earlier of the date the Commitments terminate and the Revolver Termination Date.
More Definitions of Applicable Commitment Fee Rate
Applicable Commitment Fee Rate means a rate per annum equal to (a) on any day on which the most recent NBA Confirmed Rating is “A-” or higher, 0.20%, or (b) on any day on which the most recent NBA Confirmed Rating is lower than “A-”, 0.25%; provided that on any day during a Business Interruption Period, the Applicable Commitment Fee Rate shall be a rate per annum equal to 0.625%. For purposes of clauses (a) and (b) of the preceding sentence, (1) if Fitch shall cease to have in effect an NBA Confirmed Rating (other than by reason of a change in the rating system of Fitch or if Fitch shall cease to be in the business of rating corporate debt obligations, which circumstances shall be governed by the last sentence of this definition), then, if the applicable parties to the League-Wide Note Purchase Agreement have not theretofore agreed upon another rating agency (a “Replacement Rating Agency”) (and a corresponding rating system) or an alternative pricing grid, in each case to be substituted for the NBA Confirmed Rating by an amendment to the League-Wide Note Purchase Agreement, which Replacement Rating Agency (and corresponding rating system) or an alternative pricing grid shall be substituted for the NBA Confirmed Rating by an amendment to this Agreement, the Borrower and the Required Lenders shall negotiate in good faith to agree upon a Replacement Rating Agency (and a corresponding rating system) or an alternative pricing grid, in each case to be substituted by an amendment to this Agreement in a manner that effects the intent of this definition under the rating system in effect as of the Effective Date as closely as reasonably practicable, and pending the effectiveness of either such amendment, the rate for purposes of clauses (a) and (b) of the preceding sentence shall (X) through the date that is six months following such cessation, be based on the NBA Confirmed Rating most recently in effect prior to such cessation, and (Y) thereafter, be 0.25%, and (2) if the NBA Confirmed Rating shall be changed (other than as a result of a change in the rating system of Fitch), such change shall be effective as of the date on which the NBA notifies the Borrower or the Agent of such change (or the Agent otherwise becomes aware of such change) and shall continue to be in effect until the date immediately preceding the date on which the NBA notifies the Borrower or the Agent of a subsequent change (or the Agent otherwise becomes aware of such change). If the rating system of Fitch shall change, or if...
Applicable Commitment Fee Rate on any date with respect to any commitment fee, the rate per annum equal to 0.50%.
Applicable Commitment Fee Rate means, with respect to any day during the period commencing on the Effective Date and ending on the earlier of the date the Commitments are terminated and the Revolving Termination Date, a rate per annum equal to (x) 1.00%, if the used portion of the aggregate Commitments as of the close of business on such day (after giving effect to Borrowings, prepayments and Commitment reductions on such day) is less than or equal to an amount equal to fifty percent (50%) of such aggregate Commitments and (y) 0.50% if the used portion of the aggregate Commitments as of the close of business on such day (after giving effect to Borrowings, prepayments and Commitment reductions on such day) is greater than an amount equal to fifty percent (50%) of such aggregate Commitments. For purposes of determining the Applicable Commitment Fee Rate, the Commitments shall be deemed to be used to the extent of the outstanding Loans of all Lenders.
Applicable Commitment Fee Rate means the "Applicable Commitment Fee Rate" determined in accordance with the Pricing Grid set forth in Annex I hereto.
Applicable Commitment Fee Rate is defined in Section 2.6(b) hereof.
Applicable Commitment Fee Rate means, with respect to Initial Revolving Commitments, a percentage per annum equal to:
Applicable Commitment Fee Rate means, for each Pricing Period, the rate set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Commitment Fee ------------- -------------- I 20 II 25 III 25 IV 37.5 V 37.5