Applicable Unused Fee Rate means, for any Type of Loans the following percentages per annum: Applicable Margin Base (% per annum) Applicable Unused Fee Rate Rate Loans LIBOR Loans (% per annum) 0.25% 1.75% 0.375%
Applicable Unused Fee Rate means, for each applicable period, 0.25%.
Applicable Unused Fee Rate means, for any day with respect to the Unused Fee, the applicable rate per annum set forth below, based upon the Unused Fee Ratio in the table below: LEVEL UNUSED FEE RATIO APPLICABLE UNUSED FEE RATE (bps) Level I £ 50% 50 Level II > 50% 35
Examples of Applicable Unused Fee Rate in a sentence
The Borrower shall pay to the Lender unused fees in respect of the Revolving Credit Commitment, in an aggregate amount equal to the product of (x) the Applicable Unused Fee Rate, multiplied by (y) the daily average unused amounts of the Revolving Credit Commitment during the period from and including the date on which the Effective Time shall occur to but excluding the date on which the Revolving Credit Commitment terminates.
More Definitions of Applicable Unused Fee Rate
Applicable Unused Fee Rate appearing in Section 1.1. of the Credit Agreement is hereby amended in its entirety to read as follows:
Applicable Unused Fee Rate means 0.375%.
Applicable Unused Fee Rate means the following percentages per annum, based upon the Total Leverage Ratio as set forth in the most recent Compliance Certificate received by Lender pursuant to this Agreement: Total Leverage Ratio Applicable Unused Fee Rate Applicable Base Rate Margin Applicable Eurodollar Rate Margin Greater than or equal to 2.75 to 1.00 (“Level 1”) 0.500% 0.500% 3.000% Greater than or equal to 2.25 to 1.00 but less than 2.75 to 1.00 (“Level II”) 0.500% 0.250% 2.750% Greater than or equal to 1.75 to 1.00 but less than 2.25 to 1.00 (“Level III”) 0.500% 0.250% 2.500% Greater than or equal to 1.25 to 1.00 but less than 1.75 to 1.00 (“Level IV”) 0.500% 0.250% 2.250% Less than 1.25 to 1.00 (“Level V”) 0.500% 0.250% 2.000%
Applicable Unused Fee Rate means 35 basis points.
Applicable Unused Fee Rate means, for any day, the rate per annum set forth below opposite the applicable Level then in effect (based on the Core Leverage Ratio), it being understood that the Applicable Rate for (a) Revolving Loans that are Base Rate Loans shall be the percentage set forth under the column “Revolving Loans” and “Base Rate”, (b) Revolving Loans that are Eurocurrency Rate Loans shall be the percentage set forth under the column “Revolving Loans” and “Eurocurrency Rate & Letter of Credit Fee”, (c) that portion of the Term Loan comprised of Base Rate Loans shall be the percentage set forth under the column “Term Loan” and “Base Rate”, (d) that portion of the Term Loan comprised of Eurocurrency Rate Loans shall be the percentage set forth under the column “Term Loan” and “Eurocurrency Rate & Letter of Credit Fee”, and (e) the Applicable Unused Fee Rate shall be the percentage set forth under the column “Applicable Unused Fee Rate: Applicable Rate Eurocurrency Rate & Letter of Credit Fee Base Rate Level Core Leverage Ratio Revolving Loans Term Loan Revolving Loans Term Loan Applicable Unused Fee Rate 1 Greater than 2.50 2.25 % 2.25 % 0.75 % 0.75 % 0.35 % 2 Greater than 1.75 and less than or equal to 2.50 2.00 % 2.00 % 0.50 % 0.50 % 0.30 % 3 Greater than 1.00 and less than or equal to 1.75 1.75 % 1.75 % 0.25 % 0.25 % 0.25 % 4 Less than or equal to 1.00 1.50 % 1.50 % 0.00 % 0.00 % 0.25 % Any increase or decrease in the Applicable Rate resulting from a change in the Core Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 8.01(c); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, Level 1 shall apply, in each case as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and in each case shall remain in effect until the first Business Day following the date on which such Compliance Certificate is delivered. In addition, at all times while the Default Rate is in effect, the highest rate set forth in each column of the above table shall apply. Notwithstanding anything to the contrary contained in this definition, (a) the determination of the Applicable Rate for any period shall be subject to the provisions of Section 2.10(b) and (b) the initial Applicable Rate shall be set forth in Level 3 until the first Busin...
Applicable Unused Fee Rate means, as at any date of determination, the rate per annum indicated in Section 2.5(b) hereof as then applicable in the determination of the Unused Fee (under Section 2.4 hereof).
Applicable Unused Fee Rate means, at any time, the percentage per annum at which unused fees are accruing on the unused portion of the Letter of Credit Commitment at such time as set forth in the Pricing Schedule.