Applicable Sustainability Fee Adjustment definition

Applicable Sustainability Fee Adjustment means, with respect to any calendar year, the number of basis points (whether positive, negative or zero) equal to the sum of (i) the Applicable Water Stewardship Margin Adjustment plus (ii) Applicable Employee Health and Safety Margin Adjustment, in each case for such calendar year.
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Applicable Sustainability Fee Adjustment means, with respect to any calendar year, the number of basis points (whether positive, negative or zero) equal to the sum of (i) the Applicable Water Stewardship Fee Adjustment plus (ii) Applicable Employee Health and Safety Fee Adjustment, in each case for such calendar year; provided that, in no event shall the Applicable Sustainability Fee Adjustment cause the Applicable Unused Line Fee Percentage to be less than 0.0%.
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Examples of Applicable Sustainability Fee Adjustment in a sentence

  • It is further understood and agreed that the Applicable Margin will never be reduced or increased by more than 5.0 basis points and the Applicable Unused Line Fee Percentage will never be reduced or increased by more than 1.0 basis point, in each case pursuant to the Applicable Sustainability Margin Adjustment or the Applicable Sustainability Fee Adjustment, as applicable, during any calendar year.

  • If no Pricing Certificate has been delivered by the Borrower with respect to any calendar year by the Pricing Certificate Delivery Date for such year, the Applicable Sustainability Margin Adjustment will be positive 5.0 basis points and the Applicable Sustainability Fee Adjustment will be positive 1.0 basis point commencing on the Pricing Certificate Delivery Date and continuing until the Borrower delivers a Pricing Certificate to the Administrative Agent.

Related to Applicable Sustainability Fee Adjustment

  • Management Fee Rate Calculation The annual Management Fee Rate for a class shall be calculated to the nearest millionth decimal place as follows:

  • 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.

  • Expense Fee Rate As to each Mortgage Loan, a per annum rate equal to the sum of the Servicing Fee Rate and the Trustee Fee Rate.

  • Applicable Utilization Fee means, as of any date that the aggregate Advances exceed 33% of the aggregate Commitments, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: -------------------------------- ----------------------------- Public Debt Rating Applicable S&P/Moody's Utilization Fee -------------------------------- ----------------------------- Level 1 BBB+ or Baa1 or above 0.125% -------------------------------- ----------------------------- Level 2 BBB or Baa2 0.250% -------------------------------- ----------------------------- Level 3 BBB- and Baa3 0.000% -------------------------------- ----------------------------- Level 4 BBB- or Baa3 0.000% -------------------------------- ----------------------------- Level 5 BB+ and Ba1 0.000% -------------------------------- ----------------------------- Level 6 Lower than Level 5 0.000% -------------------------------- -----------------------------

  • Applicable Commitment 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 “Commitment Fee.”