Applicable Facility Fee definition
Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Any change in the applicable Level at which the Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee. The provisions of this definition shall be subject to Section 2.4.(c).
Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof:
Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof: 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Ratings-Based Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee.
Examples of Applicable Facility Fee in a sentence
During the period from the Effective Date to but excluding the Revolving Termination Date, the Borrower agrees to pay to the Administrative Agent for the account of the Revolving Lenders a facility fee equal to the daily aggregate amount of the Revolving Commitments (whether or not utilized) times a rate equal to (i) the Applicable Facility Fee divided by (ii) 360.
More Definitions of Applicable Facility Fee
Applicable Facility Fee. Rate shall mean the percentage rate per annum at the indicated level of Debt Rating in the pricing grid on Schedule 1.1(A) below the heading "Facility Fee." The Applicable Facility Fee Rate shall be computed in accordance with the parameters set forth on Schedule 1.1(A).
Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the "Applicable Margin" is determined in accordance with the definition thereof: Level Facility Fee 1 0.125% 2 0.125% 3 0.20% 4 0.20% 5 0.35% As of the Agreement Date, the Applicable Facility Fee equals 0.20%.
Applicable Facility Fee means, at all times after the Investment Grade Rating Date, the percentage set forth in the table below corresponding to the Level at which the “Applicable Margins” are determined in accordance with the definition thereof: 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Applicable Margins are determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee. The provisions of this definition shall be subject to Section 2.5.(c).
Applicable Facility Fee means 0.50% per annum.
Applicable Facility Fee means, at all times after the Investment Grade Rating Date, the percentage set forth in the table below corresponding to the Level at which the “Applicable Margins” are determined in accordance with the definition thereof:
Applicable Facility Fee means, as of any date a percentage per annum determined by reference to the applicable Performance Level in effect on such date as set forth below: Applicable Facility Fee .100 % .125 % .150 % .200 % .250 % .375 %
Applicable Facility Fee specified in Section 4.1 hereof shall be as set forth under Level II below, and thereafter such percentages shall be subject to quarterly adjustment (commencing with receipt of the financial statements for the fiscal quarter ending September 30, 2001 in the manner set forth below) as follows in effect with the Funded Debt Ratio being computed as in effect on the last day of each fiscal quarter end: Level I Level II Level III ------- -------- --------- Greater than or equal to 40% but Greater than or Funded Debt Ratio: Less than 40% less than 50% equal to 50% ------------- ------------- ------------ Then Applicable Margins and Applicable Facility Fee Shall Be: Applicable Margin for Domestic Rate Portions 0% 0% 0% Applicable Margin for LIBOR Portions .42% .65% .75% Applicable Facility Fee .08% .10% .125% Applicable L/C Fee .42% .65% .75% Not later than five Business Days after receipt by the Agent of the financial statements and the compliance certificate called for by Section 7.5 hereof for the applicable quarter, the Agent shall determine the Funded Debt Ratio for the applicable period based on the information contained in such financial statements and compliance certificate and shall promptly notify the Borrower and the Lenders of such determination and of any change in the Applicable Margins, Applicable Facility Fee and Applicable L/C Fee resulting therefrom, any such change in the Applicable Margins, Applicable Facility Fee and Applicable L/C Fee to be effective as of the date the Agent so notifies the Borrower, with such new Applicable Margins, Applicable Facility Fee and Applicable L/C Fee to continue in effect until the effective date of the next quarterly redetermination in accordance with the foregoing. Each determination of the Funded Debt Ratio, Applicable Margins, Applicable Facility Fee and Applicable L/C Fee by the Agent in accordance with this Section shall be conclusive and binding on the Borrower and the Lenders absent manifest error.