Definition of Applicable Commitment Fee Rate; Applicable Margin


Applicable Commitment Fee Rate; Applicable Margin means, on and after the receipt of confirmation of the Long Term Debt Rating, the percentages set forth below, determined based on the applicable Level set forth in this definition:

Examples of Applicable Commitment Fee Rate; Applicable Margin in a sentence

Section 1.1 of the Credit Agreement is hereby amended to delete the definitions of Applicable Commitment Fee Rate, Applicable Margin, Co-Lead Arranger, Eurodollar Rate, Interest Period, Related Writing, Required Lenders and Revolving Credit Commitment therefrom and to insert in place thereof, respectively, the following: Applicable Commitment Fee Rate means fifty (50.00) basis points.