Applicable Margin”; “Applicable Commitment Fee Rate definition

Applicable Margin”; “Applicable Commitment Fee Rate means the percentages set forth below corresponding to the Cash Flow Leverage Ratios shown below for the most recent fiscal quarter end for which financial statements have been delivered: Cash Flow Leverage Ratio:Applicable Margin for Fixed LIBOR Advances:Applicable Margin for Base Rate AdvancesApplicableCommitment Fee Rate:Less than or equal to 1.00 to 1.001.000%0.000% As of the date hereof, the Applicable Margin for Fixed LIBOR Advances is 1.000%, the Applicable Margin for Base Rate Advances shall be 0.000%, and the Applicable Commitment Fee Rate shall be 0.125%. Thereafter, the Applicable Margin shall be determined on a quarterly basis, and shall be effective from and after the first day of the first fiscal month immediately following the due date of the Company’s annual or quarterly financial statements as required by Section 8.1(a) or (b) based on the Cash Flow Leverage Ratio as demonstrated by the annual or quarterly financial statements of the Borrowers delivered for the fiscal quarter or year most recently ended, and as certified on behalf of the Company by the Company’s financial officer. In the event that such financial statements are not delivered as required by Section 8.1(a) or (b), the Applicable Margin shall be the highest percentages set forth above until such time as such financial statements are delivered, after which time the Applicable Margin shall be readjusted to the rate applicable to the Cash Flow Leverage Ratio applicable to such statements.
Sample 1
Applicable Margin”; “Applicable Commitment Fee Rate means the percentages set forth below, determined based on the applicable Level: Applicable Margin: Applicable Level: The Applicable Margin and Applicable Commitment Fee Rate shall initially be those applicable for Level I and each shall be adjusted on a quarterly basis, effective as of the date five (5) days after the due date of the Borrower’s quarterly financial statements as required by Section 5.1(b) based on the Level as determined with reference to the Cash Flow Leverage Ratio as demonstrated by the quarterly financial statements of the Borrower delivered for the fiscal quarter most recently ended, and as certified by a Responsible Officer. In the event that such financial statements are not delivered as required bySection 5.1(b), the Applicable Margin and Applicable Commitment Fee Rate shall be those for Level V until such time as such financial statements are delivered, after which time the Applicable Margin and Applicable Commitment Fee Rate shall be readjusted to the rate applicable to the Level applicable to such statements. For purposes of the foregoing, the Levels shall be defined and determined as follows:Level I shall apply if the Cash Flow Leverage Ratio is less than 1.00 to 1.00.Level II shall apply if the Cash Flow Leverage Ratio is greater than or equal to 1.00 to 1.00 but less than 1.50 to 1.00. Level III shall apply if the Cash Flow Leverage Ratio is greater than or equal to 1.50 to 1.00 but less than to 2.00 to 1.00. Level IV shall apply if the Cash Flow Leverage Ratio is greater than or equal to 2.00 to 1.00 but less than 2.50 to 1.00.3Level V shall apply if the Cash Flow Leverage Ratio is greater than or equal to 2.50 to 1.0. “Applicant” has the meaning specified in Section 8 12.
Sample 1

Related to Applicable Margin”; “Applicable Commitment Fee Rate

  • Applicable Commitment Fee Rate means:

  • 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 Unused Commitment Fee Rate means 0.50% per annum.

  • 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 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.

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

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

  • 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.

  • 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).

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

  • 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 Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Applicable ABR Margin means, at any date:

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • Base Rate Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • 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.

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • 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.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • Applicable Base Rate Margin means, with respect to ABR Loans of any Series at any time, the percentage rate per annum specified as the “Applicable Base Rate Margin” for such Series at such time, as determined pursuant to the Pricing Schedule.

  • 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 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.”