Applicable Letter of Credit Fee Rate means 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 Letter of Credit Fee Rate means, as of any date of determination, the then effective Applicable Eurodollar Rate Margin.
Applicable Letter of Credit Fee Rate means, at any time, with respect to Letters of Credit, the percentage rate per annum which is applicable at such time as set forth in the Pricing Schedule.
Examples of Applicable Letter of Credit Fee Rate in a sentence
The Borrower shall pay to the 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, which fee shall be computed on the daily average undrawn portion of the Letter of Credit Obligations and shall be payable quarterly in arrears on each Interest Payment Date and on the Maturity Date with respect to the Revolving Credit Facility.
More Definitions of Applicable Letter of Credit Fee Rate
Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Total Net Leverage Ratio then in effect according to the Pricing Grid below the heading “Applicable Margin for LIBOR Rate Loans and Letter of Credit Fee.”
Applicable Letter of Credit Fee Rate means, for any day, the Applicable Margin for Revolving Eurodollar Loans of Revolving Lenders.
Applicable Letter of Credit Fee Rate means, at any time, a rate per annum equal to the Applicable Margin for Eurodollar Rate Advances in effect at such time.
Applicable Letter of Credit Fee Rate see Schedule 1.01(a).
Applicable Letter of Credit Fee Rate means 0.25%.
Applicable Letter of Credit Fee Rate means at any time the Applicable Margin then in effect as applicable to Revolving Credit Loans under the Term SOFR Loan Option on the aggregate face amount of Letters of Credit outstanding at such time.
Applicable Letter of Credit Fee Rate means, as of any date of determination, the then effective Applicable Eurodollar Rate Margin. “Applicable Pricing Level” means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower