Applicable Commitment Rate definition

Applicable Commitment Rate. The applicable rate with respect to the Commitment Fee as set forth in the Pricing Table.

Applicable Commitment Rate means (x) from the Effective Date through and including October 28, 2012, 0.15% per annum, (y) from October 29, 2012 through and including October 28, 2013, 0.25% per annum, and (z) from October 29, 2013 until the Final Disbursement Date, 0.30% per annum.

Applicable Commitment Rate means, as at any date of determination, the rate per annum indicated in Section 2.05 as then applicable in the determination of the commitment fee (under Section 2.09).

Examples of Applicable Commitment Rate in a sentence

• The Borrowers jointly and severally agree to pay to the Agent, for the respective account of each Bank, a fee (the "Commitment Fee") equal to the Applicable Commitment Rate multiplied by the average daily amount of the unused portion of such Bank's Commitment during each calendar quarter or portion thereof from the Closing Date to the Maturity Date (or to the date of termination in full of the Total Commitment, if earlier).

• Borrower agrees to pay to Agent for the benefit of each Lender a commitment fee (the “Commitment Fee”) for the Commitment Period, computed at the Applicable Commitment Rate per annum on the average daily unused amount of each Lender’s Commitment during the Commitment Period, payable quarterly in arrears and due on each Quarterly Payment Date and on the last day of the Commitment Period, commencing on the first of such dates to occur after the date hereof.

• The Applicable Commitment Rate shall be as set forth in the Pricing Table.

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• The Borrowers agree to pay to the Administrative Agent, for the pro rata account of the Banks, a fee (the “Commitment Fee”) equal to the Applicable Commitment Rate multiplied by the amount of the average daily unused portion of the Total Commitment during each calendar quarter or portion thereof from the Closing Date to the Maturity Date (or to the date of termination in full of the Total Commitment, if earlier).

More Definitions of Applicable Commitment Rate

Applicable Commitment Rate means, as at any date of determination, the rate per annum indicated in subsection 2.5(b) hereof as then applicable in the determination of the Commitment Fee (under subsection 2.4 hereof).

Applicable Commitment Rate means, as at any date of determination, the rate per annum indicated in Section 2.05 as then applicable in the determination of the commitment fee (under Section 2.09). The Applicable Commitment Rate in the column in the table in Section 2.05 with the heading "Usage>=50%" shall apply in respect of any calendar quarter (or, in any case in which the commitment fee under Section 2.09 is payable with respect to a portion of a calendar quarter, then for that portion of such calendar quarter) during which the average daily unused portion of the Aggregate Commitments equals or exceeds fifty percent (50%) of the Aggregate Commitments, and the Applicable Commitment Rate in the column table in Section 2.05 with the heading "Usage<50%" shall apply in respect of any calendar quarter (or, in any case in which the commitment fee under Section 2.09 is payable with respect to a portion of a calendar quarter, then for that portion of such calendar quarter) during which the average daily unused portion of the Aggregate Commitments is less than fifty percent (50%) of the Aggregate Commitments.

Applicable Commitment Rate means with respect to the Revolving Credit Commitment Fee,

Applicable Commitment Rate means with respect to the Revolving Credit Commitment Fee accruing on any day,

Applicable Commitment Rate means 0.75%.

Applicable Commitment Rate means, on any date, the applicable rate per annum determined pursuant to the Pricing Grid.

Applicable Commitment Rate means, as at any date of determination, a rate per annum equal to (a) 0.35% if the average daily unused portion of the Aggregate Commitment during the fiscal quarter ending on or immediately prior to such date of determination equals or exceeds 50% of the Aggregate Commitment, and (b) 0.25% if the average daily unused portion of the Aggregate Commitment during the fiscal quarter ending on or immediately prior to such date of determination is less than 50% of the Aggregate Commitment.