Applicable Facility Fee Applicable definition
Applicable Facility Fee Applicable. Facility Fee Consolidated Rate Margin for Rate Margin for Debt/EBITDA Ratio the A Commitment the B Commitment ---------------------------------- ----------------------- ------------------------ Greater than 3.25 to 1.00 0.2500% 0.2000% Less than or equal to 3.25 to 1.00 0.2000% 0.1500% but greater than 2.50 to 1.00 Less than or equal to 2.50 to 1.00 0.1750% 0.1250% but greater than 2.00 to 1.00 Less than or equal to 2.00 to 1.00 0.1500% 0.1250% but greater than 1.50 to 1.00 Less than or equal to 1.50 to 1.00 0.1250% 0.1000% The Applicable Facility Fee Rate shall be determined by the Agent each quarter on the basis of quarterly certified Consolidated financial statements and a schedule evidencing financial covenant compliance delivered to the Banks pursuant to Section 6.04(b). Notwithstanding the foregoing, the Applicable Facility Fee Rate shall be deemed to be 0.2500% per annum in respect of the A Commitment and 0.2000% per annum in respect of the B Commitment for each day during an Effective Period as of which the deliveries required to calculate the Applicable Facility Fee Rate shall not have been made.