Examples of Applicable Fee Percentage in a sentence
The Borrowers agree during the Commitment Period to pay to each Lender, through the Lead Agent, at the dates specified herein, a facility fee (the “Facility Fee”) at a rate per annum equal to the Applicable Fee Percentage from time to time in effect for Facility Fees, as determined pursuant to Section 3.4(b), on the Commitment of such Lender.
Any such adjustment of the Applicable Fee Percentage shall cease to be effective from the next Fee Adjustment Date.
As of any such Fee Adjustment Date and during the Accrual Period commencing on such date, the Applicable Fee Percentage for Facility Fees shall be the Applicable Fee Percentage therefor indicated in the definition of the term “Applicable Fee Percentage” corresponding to the Net Leverage Ratio as of the Fee Determination Date for such Fee Adjustment Date.