Applicable Fee Margin definition

Applicable Fee Margin means, as of any date, the percentage per annum determined by reference to the applicable Adjusted Total Debt to EBITDAR Ratio in effect on such date as set forth on Schedule 1.1 attached hereto; provided, that a change in the Applicable Fee Margin resulting from a change in the Adjusted Total Debt to EBITDAR Ratio shall be effective on the second Business Day after the date the Lessee is required to deliver the financial statements required by Section 5.1(a) or (b) of the Master Agreement and the compliance certificate required by Section 5.1 (c) of the Master Agreement; provided, further, that if at any time the Lessee shall have failed to deliver such financial statements and such certificate, the Applicable Fee Margin shall be at Level V until such time as such financial statements and certificate are delivered, at which time the Applicable Fee Margin shall be determined as provided above. Notwithstanding the foregoing, the Applicable Fee Margin from the date of the Master Agreement until the first financial statement and compliance certificate are required to be delivered shall be at Level IV.
Sample 1Sample 2
Applicable Fee Margin means, for any fiscal quarter, (I) .425% per annum if the Consolidated Leverage Ratio as of the last day of the prior fiscal quarter (computed for the four fiscal quarterly periods then ending) is greater than 2.8 to 1.0, (ii) .375% per annum if the Consolidated Leverage Ratio as of the last day of the prior fiscal quarter (computed for the four fiscal quarterly periods then ending) is equal to or less than 2.8 to 1.0 but greater than 2.5 to 1.0, (iii) .30% per annum if the Consolidated Leverage Ratio as of the last day of the prior fiscal quarter (computed for the four fiscal quarterly periods then ending) is equal to or less than 2.5 to 1.0 but greater than 2.0 to 1.0, (iv) .25% per annum if the Consolidated Leverage Ratio as of the last day of the prior fiscal quarter (computed for the four fiscal quarterly periods then ending) is equal to or less than 2.0 to 1.0 but greater than 1.5 to 1.0 and (v) .22% per annum if the Consolidated Leverage Ratio as of the last day of the prior fiscal quarter (computed for the four fiscal quarterly periods then ending) is equal to or less than 1.5 to 1.0.
Sample 1
Applicable Fee Margin means, at any time, in respect of the WC Revolver Loans, the Acquisition Loans, and the Revolver Loans, (a) from July 18, 2008 to the date on which the Administrative Agent receives a Compliance Certificate pursuant to Section 6.2(b) for the fiscal quarter ending June 30, 2008, the applicable fee per annum set forth below under Pricing Level 2; and (b) thereafter, the applicable percentage per annum set forth below determined by reference to the Combined Interest Coverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.2(b): Applicable Fee Margin Pricing Level Combined Interest Coverage Ratio Commitment Fee (in basis points) 1 Greater than or equal to 2.50:1.00 30.00 2 Less than 2.50:1.00 but greater than or equal to 2.00:1.00 37.50 3 Less than 2.00:1.00 37.50 Any increase or decrease in the Applicable Fee Margin resulting from a change in the Combined Interest Coverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.2(b); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, Pricing Level 3 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered. Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Fee Margin for any period shall be subject to the provisions of Section 2.9 (b).
Sample 1

More Definitions of Applicable Fee Margin

Applicable Fee Margin means 0.375% per annum.
Sample 1

Related to Applicable Fee Margin

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable Fee Rate means, at any time, the percentage rate per annum at which Commitment Fees are accruing on the unused portion of the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Applicable Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate certain of the fees due and payable hereunder, determined by reference to the appropriate columns in the Pricing Matrix attached to this Agreement as Schedule 1.1.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment (without regard to usage) at such time as set forth in the Pricing Schedule.

  • Applicable Commitment Fee Rate means:

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Applicable Rate means a percentage per annum equal to:

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • L/C Fee Rate means the rates set forth in Schedule 1 hereto beside the then applicable Level.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including February 28, 2015, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled "Level II"; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled "Level II": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Unused Fee Rate means a rate per annum equal to 0.50%.

  • Undrawn Fee Rate For any VFN Class, the rate set forth or described in the related Indenture Supplement, if any. United States and U.S.: The United States of America.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Program Fee Rate is defined in the Fee Letter.

  • Expense Fee Rate As to each Mortgage Loan, the sum of (a) the related Servicing Fee Rate and (b) the Trustee Fee Rate.

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Applicable ABR Margin means, at any date:

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.