Applicable Letter of Credit Fee definition

Applicable Letter of Credit Fee. Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.” Applicable Margin shall mean, as applicable:

Applicable Letter of Credit Fee means the percentage rate per annum at the indicated level of Leverage Ratio then in effect as set forth in the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee”. The Applicable Letter of Credit Fee shall be computed in accordance with the parameters set forth on Schedule 1.1(A).

Applicable Letter of Credit Fee means the applicable per annum percentage set forth in the definition of “Applicable Rates”.

Examples of Applicable Letter of Credit Fee in a sentence

• The Borrower shall pay (i) to the Administrative Agent for the ratable account of the Lenders a fee (the “Letter of Credit Fee”) equal to the Applicable Letter of Credit Fee Rate on the daily amount available to be drawn under each Letter of Credit, and (ii) to each Issuing Lender for its own account a fronting fee equal to 0.125% per annum on the daily amount available to be drawn under each Letter of Credit issued by such Issuing Lender.

• The Borrower shall pay (i) to the Administrative Agent for the ratable account of the Lenders a fee (the “Letter of Credit Fee”) equal to the Applicable Letter of Credit Fee Rate on the daily amount available to be drawn under each Letter of Credit, and (ii) to the Issuing Lender for its own account a fronting fee equal to 0.125% per annum on the daily amount available to be drawn under each Letter of Credit.

• If there is any change in the Applicable Letter of Credit Fee Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Letter of Credit Fee Rate separately for each period during such quarter that such Applicable Letter of Credit Fee Rate was in effect.

• The Borrower shall pay (i) to the Revolving/TLA Administrative Agent for the ratable account of the Revolving Lenders a fee (the “Letter of Credit Fee”) equal to the Applicable Letter of Credit Fee Rate on the daily amount available to be drawn under each Letter of Credit, and (ii) to each Issuing Lender for its own account a fronting fee equal to 0.125% per annum on the daily amount available to be drawn under each Letter of Credit issued by such Issuing Lender.

• The Borrower shall pay (i) to the Administrative Agent for the ratable account of the Lenders a fee (the "Letter of Credit Fee") equal to the Applicable Letter of Credit Fee Rate on the daily amount available to be drawn under each Letter of Credit, and (ii) to the Issuing Lender for its own account a fronting fee equal to 0.125% per annum on the daily amount available to be drawn under each Letter of Credit.

More Definitions of Applicable Letter of Credit Fee

Applicable Letter of Credit Fee. Rate shall mean the Applicable Margin under the LIBO-Rate Option less 12.5 basis points. Applicable Margin shall mean, as applicable:

Applicable Letter of Credit 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: PERFORMANCE LEVEL XXXXX 0 XXXXX 0 XXXXX 0 XXXXX 0 XXXXX 5 LEVEL 6 Applicable Letter of Credit Fee .22500 % .28125 % .33750 % .45000 % .56250 % .67500 %

Applicable Letter of Credit Fee means the Applicable Floating Rate Margin and/or Applicable Eurodollar Margin, with respect to Loans and the Applicable Commitment Fee and/or Applicable Letter of Credit Fee, with respect to fees payable as the case may be. The Applicable Margins shall be determined, in accordance with the provisions of this Section 2.8, by reference to the following: ================================================================================ LEVERAGE APPLICABLE APPLICABLE APPLICABLE APPLICABLE RATIO EURODOLLAR FLOATING RATE COMMITMENT LETTER OF MARGIN MARGIN FEE CREDIT FEE ================================================================================ Less than 2.50 to 1.00 1.25% 0.00% 0.375% 1.25% -------------------------------------------------------------------------------- Greater than or equal 2.50 to 1.00 and Less than 3.00 to 1.00 1.50% 0.00% 0.375% 1.50% -------------------------------------------------------------------------------- Greater than or equal 3.00 to 1.00 and Less than 3.50 to 1.00 1.75% 0.25% 0.50% 1.75% -------------------------------------------------------------------------------- ================================================================================ LEVERAGE APPLICABLE APPLICABLE APPLICABLE APPLICABLE RATIO EURODOLLAR FLOATING RATE COMMITMENT LETTER OF MARGIN MARGIN FEE CREDIT FEE ================================================================================ Greater than or equal 3.50 to 2.00% 0.50% 0.50% 2.00% 1.00 and Less than 4.00 to 1.00 -------------------------------------------------------------------------------- Greater than or equal 4.00 to 1.00 and Less than 4.50 to 1.00 2.25% 0.75% 0.50% 2.25% -------------------------------------------------------------------------------- Greater than or equal 4.50 to 100 2.50% 1.00% 0.50% 2.50% ================================================================================

Applicable Letter of Credit Fee means the Initial Letter of Credit Fee or, as the case may be, the Adjusted Letter of Credit Fee.

Applicable Letter of Credit Fee. Rate shall mean the following percentage rate per annum based upon Average Daily Revolving Credit Availability then in effect according to the pricing grid on Schedule 1.1(A): (a) with respect to Standby Letters of Credit, the percentage rate per annum applicable to Revolving Credit Loans to which the LIBOR Rate Option or the BA Rate Option, as applicable, applies, and (b) with respect to Commercial Letters of Credit, the percentage rate per annum equal to fifty percent (50%) of the percentage rate per annum applicable to Revolving Credit Loans to which the LIBOR Rate Option or the BA Rate Option, as applicable, applies. Applicable Margin shall mean, as applicable:

Applicable Letter of Credit Fee means, with respect to each Letter of Credit, a fee equal to the Applicable Margin for LIBOR Loans times the face amount of the Letter of Credit.

Applicable Letter of Credit Fee means the rate per annum set forth in the chart below which corresponds to the range of ratios in which the Borrower's Consolidated Total Indebtedness to Consolidated EBITDA Ratio as at the end of the preceding Fiscal Quarter falls: - 39 - 47 ------------------------------------------------------------------------------------------------- Consolidated Total Indebtedness Applicable Letter of to Consolidated EBITDA Ratio Credit Fee ------------------------------------------------------------------------------------------------- Less than or equal to 1.0 to 1.0 .50% ------------------------------------------------------------------------------------------------- Greater than 1.0 to 1.0 but less than or equal to 1.5 to 1.0 .75% ------------------------------------------------------------------------------------------------- Greater than 1.5 to 1.0 but less than or equal to 2.0 to 1.0 1.00% ------------------------------------------------------------------------------------------------- Greater than 2.0 to 1.0 1.50% ------------------------------------------------------------------------------------------------- All adjustments shall be determined as of the date the Borrower's quarterly financial statements and Compliance Certificate are required to be delivered pursuant to items (i) and (iii) of Section 6.02. The foregoing notwithstanding, the Applicable Letter of Credit Fee from the Closing Date to and including the June 1998 Delivery Date shall be .50%.