Applicable Ticking Fee Rate means (i) with respect to any date or period on or prior to December 31, 2011, 0.35% and (ii) with respect to any date or period thereafter, 0.75%.
Applicable Ticking Fee Rate means 0.075%.
Applicable Ticking Fee Rate means, with respect to each period set forth below: Period Ticking Fee Days 1-60 0.00% per annum; Days 61 and Thereafter A rate per annum equal to 100% of the interest rate margin applicable to SOFR loans (as determined according to such Superpriority Lender’s commitment) under the Superpriority Facility. The Ticking Fee shall be paid in the form of additional Superpriority Loans. Administrative and Collateral Agents A financial institution reasonably acceptable to the Majority Consenting Holders and the Company. Interest Rate SOFR (with 10bps credit spread adjustment) + 640bps SOFR provisions to be based on LSTA precedent with such changes to be mutually agreed; provided that there will be a 4.0% floor. Default Rate 2.0% plus the then-applicable rate in the case of overdue principal; 2.0% plus the rate then-applicable to ABR loans in the case of all other overdue amounts. Original Issue Discount 2.0% Amortization None. Maturity Date July 15, 2025 Call Protection Any payment of the Superpriority Loans prior to the maturity date (including any voluntary prepayment and payment as a result of or following the acceleration of the Superpriority Loans or otherwise, but excluding certain mandatory prepayments as described below) will be accompanied by the following prepayment premium (the “Superpriority Prepayment Premium”) as set forth below opposite the relevant period from the Closing Date as indicated below: Period Superpriority Prepayment Premium Months 1 – 24 Make-Whole Amount (to be defined in a manner acceptable to the Company and the Majority Consenting Parties with customary T+50bps present value discounting) Thereafter 5% of principal amount being repaid; provided that (i) the Superpriority Prepayment Premium shall be 1% of the principal amount being repaid for prepayments made as a result of asset sales (other than a transformative disposition or other transaction involving all or substantially all of the assets of the Company) and (ii) the Superpriority Prepayment Premium shall be 5% of the principal amount being repaid, including during months 1 – 24, for mandatory prepayments made as a result of any change of control, transformative acquisition or disposition or similar transaction, in each case, involving all or substantially all of the assets of the Company. In addition, for the avoidance of doubt, the Superpriority Prepayment Premium will be payable in the event of a bankruptcy filing or other insolvency event by the Company or any of the Guaran...
Examples of Applicable Ticking Fee Rate in a sentence
If there is any change in the Applicable Ticking Fee Rate during the applicable period, the actual daily amount shall be computed and multiplied by the Applicable Ticking Fee Rate separately for each period during the applicable period that such Applicable Ticking Fee Rate was in effect.
The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a delayed draw ticking fee (the “Ticking Fee”) equal to the Applicable Ticking Fee Rate (on a per annum basis) times the actual daily amount by which the aggregate Commitments exceed the sum of the Outstanding Amount, subject to adjustment as provided in Section 2.20.
The Borrower agrees to pay to the Administrative Agent, in Dollars, for the account of each Lender, a ticking fee (the “Ticking Fee”), which shall accrue at the Applicable Ticking Fee Rate, on the aggregate daily amount of the Commitment of such Lender from and including the date that is 90 days after the Effective Date to but excluding the date of the termination of the Commitment of such Lender.
The Borrower shall be liable for, and shall pay to the Administrative Agent for the account of each Lender, a non-refundable ticking fee calculated at the Applicable Ticking Fee Rate, times the actual daily amount of the undrawn Aggregate Commitment with respect to any Facility as of the close of business New York City time on each day.
The Borrower shall be liable for, and shall pay to the Administrative Agent for the account of each Lender, a non-refundable ticking fee calculated at the Applicable Ticking Fee Rate, times the actual daily amount of the undrawn Aggregate Commitment.
More Definitions of Applicable Ticking Fee Rate
Applicable Ticking Fee Rate means the rate per annum set forth below in Column B below opposite the applicable Debt Ratings of the Borrower from Moody’s and S&P in Column A below, in each case, with a stable or better outlook:
Applicable Ticking Fee Rate means, as of any date of determination, 0.150% per annum.
Applicable Ticking Fee Rate means a rate per annum equal to (x) 0% until June 1, 2014, (y) 50% of the Applicable Rate for Eurodollar Tranche B Term Loans for the period from and including June 1, 2014 through and including June 30, 2014 and (z) 100% of the Applicable Rate for Eurodollar Tranche B Term Loans for the period on and after July 1, 2014.Approved Electronic Platform” has the meaning provided in Section 9.21.
Applicable Ticking Fee Rate means (x) from and including the Trigger Date to but excluding the 30th day after the Trigger Date, a per annum rate equal to 1.125% and (y) from and including the 30th day after the Trigger Date to but excluding the 60th day after the Trigger Date, a per annum rate equal to 2.25% and (z) from and after the 60th day after the Trigger Date, a per annum rate equal to 3.25% and (z) the Administrative Agent shall have received, for the account of each Additional Term B-3 Lender on the First Incremental Facility Closing Date, an upfront fee equal to 0.25% of the Additional Term B-3 Loans of such Additional Term B-3 Lender outstanding immediately after giving effect to this Amendment and the funding of all Additional Term B-3 Loans pursuant to the Additional Term B-3 Commitment (it being understood that, if the First Incremental Facility Closing Date does not occur, no fees shall be payable pursuant to this clause (xv)).
Applicable Ticking Fee Rate means the rate per annum set forth below opposite the applicable Debt Ratings of the Borrower from Moody’s and S&P:
Applicable Ticking Fee Rate means, at any time, the percentage rate per annum at which Ticking Fees are accruing on the unused portion of the Term Loan Commitment at such time as set forth in the Pricing Schedule.
Applicable Ticking Fee Rate means the number of basis points set forth in the following matrix, based upon the S&P Rating or the Xxxxx’x Rating in effect at such time: Level S&P Rating Xxxxx’x Rating Applicable Basis Points for the Ticking Fees 1 A+ or higher A1 or higher 5.0 2 A A2 7.0 3 A- A3 9.0 4 BBB+ Baa1 12.5 5 BBB Xxx0 00.0 0 XXX- Xxx0 17.5 7 BB+ or lower Ba1 or lower 20.0 provided that, notwithstanding anything above to the contrary, (i) if the S&P Rating and the Xxxxx’x Rating shall at any time be at different Levels in the above chart, and the difference in Levels is only one Level, then the Applicable Ticking Fee Rate shall be based upon the higher of the applicable S&P Rating and Xxxxx’x Rating, (ii) if the S&P Rating and the Xxxxx’x Rating shall at any time be at different Levels in the above chart, and such difference is two Levels or more, then the Applicable Ticking Fee Rate shall be based upon the Level immediately below the Level determined based on the higher of the S&P Rating and the Xxxxx’x Rating, (iii) if only one of the two ratings (S&P Rating or Xxxxx’x Rating) shall exist, then the existing rating shall determine the Level of the Applicable Ticking Fee Rate, and (iv) if the rating system of Standard & Poor’s or Moody’s changes, or if any of such rating agencies shall cease to be in the business of rating corporate debt obligations, Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable Ticking Fee Rate shall be determined by reference to the rating most recently in effect prior to such change or cessation. Changes to the Applicable Ticking Fee Rate shall be immediately effective on each Margin Adjustment Date. The above matrix does not modify or waive, in any respect, the rights of Agent and the Lenders to charge the Default Rate, or the rights and remedies of Agent and the Lenders pursuant to Articles VII and VIII hereof.