Applicable Utilization Fee Percentage means, at any time during a period set forth below, the percentage set forth opposite such period below: Applicable Period Utilization Fee Percentage ------ -------------------------- NIG Period .250% Minimum Investment .125% Grade Period Increased Investment Grade 0% Period Maximum Investment 0% Grade Period
Applicable Utilization Fee Percentage means, at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.9(b)(ii) hereof determined in accordance with the provisions of Section 2.9(c)(ii) hereof.
Applicable Utilization Fee Percentage means, for any day with respect to any Loan and subject to the provisions of the definition of “Applicable Margin” following the table therein, the rate per annum set forth below under the caption “Utilization Fee Rate Spread” corresponding to the Level in effect from time to time, as set forth in the following table: Level Index Debt Ratings (Xxxxx’x or S&P) Utilization Fee Rate Spread I >A+ or A1 0.05 % II A or A2 0.10 % III A-or A3 0.125 % IV BBB+ or Baa1 0.125 % V <BBB or Baa2 0.125 %
Examples of Applicable Utilization Fee Percentage in a sentence
The Borrower shall pay to the Administrative Agent for the pro rata account of the Banks a utilization fee on the aggregate outstanding principal amount of the Advances, for each day on which the Utilization Ratio exceeds 0.50, at a rate per annum equal to the Applicable Utilization Fee Percentage, payable on each day on which a payment of interest is due under Section 2.09.
The Applicable Utilization Fee Percentage shall be calculated by the Administrative Agent, which calculation absent manifest error shall be final and binding on all parties.
The Borrower agrees to pay to the Administrative Agent, for the account of the Lenders in accordance with each Lender's Commitment Percentage, during the period from and including the Closing Date through but excluding the Maturity Date, a fee (the "Utilization Fee") equal to (i) the Applicable Utilization Fee Percentage on the aggregate outstanding principal balance of the Loans for each day that such aggregate outstanding principal balance shall exceed 33.0% of the Aggregate Commitments.
The Borrower shall pay to the Administrative Agent for the pro rata account of the Banks a utilizationfee on the aggregate outstanding principal amount of the Advances, for each day on which the Utilization Ratio exceeds 0.50, at a rate per annum equal to the Applicable Utilization Fee Percentage, payable on each day on which a payment of interest is due under S ection 2.09.
If the Ratings by S&P and Moody's are split so that the applicable Levels in the table above xxx xxxarated by only one intermediate Level, then such intermediate Level shall determine the Applicable Utilization Fee Percentage.
More Definitions of Applicable Utilization Fee Percentage
Applicable Utilization Fee Percentage with respect to the amount of the Aggregate Commitments, at all times during which the applicable Pricing Level set forth below is in effect, the percentage set forth below next to such Pricing Level, subject to the provisos set forth below: Applicable Pricing Level Utilization Fee Percentage ------------- -------------------------- Pricing Level I 0.050% Pricing Level II 0.100% Pricing Level III 0.100% Pricing Level IV 0.125% Pricing Level V 0.125% Pricing Level VI 0.250%. Changes in the Applicable Utilization Fee Percentage resulting from a change in the Pricing Level shall become effective on the effective date of any change in the Senior Debt Rating from S&P or Xxxxx'x, as the case may be. Notwithstanding anything herein to the contrary, in the event of a split in the Senior Debt Ratings from S&P and Xxxxx'x that would otherwise result in the application of more than one Pricing Level (had the provisions regarding the applicability of other Pricing Levels contained in the definitions thereof not been given effect), then the Applicable Utilization Fee Percentage shall be determined using, in the case of a split by one rating category, the higher Pricing Level, and in the case of a split by more than one rating category, the Pricing Level that is one level lower than the Pricing Level within which the higher of the two rating categories would otherwise fall.
Applicable Utilization Fee Percentage means, as of any date, with respect to the Utilization Fee as of any date, the percentage per annum determined by reference to the applicable Rating Category as set forth on Schedule I; provided, that a change in the Applicable Utilization Fee Percentage resulting from a change in the Rating Category shall be effective on the day on which either rating agency changes its rating and shall continue until the day prior to the day that a further change becomes effective. Notwithstanding the foregoing, the Applicable Utilization Fee Percentage for the Utilization Fee from the Closing Date until the first change in the applicable Rating Category after the Closing Date shall be at Level III as set forth on Schedule I.
Applicable Utilization Fee Percentage shall have the meaning given such term in Section 2.06(e).
Applicable Utilization Fee Percentage means, for any day, the respective rate per annum set forth in the table below opposite the Rating Level prevailing on such day under the caption “Applicable Facility Fee Percentage”, “Applicable Margin with respect to Base Rate Loans” “Applicable Margin with respect to Eurocurrency Loans” or “Applicable Utilization Fee Percentage”, as the case may be: Rating Level Applicable Facility Fee Percentage Applicable Margin with respect to Eurocurrency Loans Applicable Margin with respect to Base Rate Loans Applicable Utilization Fee Percentage Rating Level 1 0.100 % 0.400 % 0.000 % 0.125 % Rating Xxxxx 0 0.125 % 0.500 % 0.000 % 0.125 % Rating Xxxxx 0 0.150 % 0.600 % 0.000 % 0.125 % Rating Xxxxx 0 0.175 % 0.800 % 0.000 % 0.250 % Rating Xxxxx 0 0.225 % 1.000 % 0.250 % 0.250 % Rating Xxxxx 0 0.350 % 1.375 % 0.750 % 0.500 % Rating Xxxxx 0 0.500 % 1.750 % 1.250 % 0.500 % Each change in the Applicable Facility Fee Percentage, Applicable Margin with respect to Eurocurrency Loans, Applicable Margin with respect to Base Rate Loans and the Applicable Utilization Fee Percentage resulting from a change in the Debt Rating shall become effective on the date of announcement or publication by the relevant Rating Agency of a change in the Debt Rating or, in the absence of such announcement or publication, on the effective date of such change. With respect to any utilization fee payable under Section 2.05(b) hereof, the Applicable Utilization Fee Percentage on any date of determination shall be computed by reference to the Rating Level of the Borrower having outstanding borrowings on such day, weighted proportionately to the aggregate outstanding principal amount of such borrowings by the respective Borrowers.
Applicable Utilization Fee Percentage means, for any day, the percentage set forth below opposite the Applicable Period then in effect: APPLICABLE UTILIZATION APPLICABLE PERIOD FEE PERCENTAGE ----------------- ---------------------- Category A Period 0.00% Category B Period 0.05% Category C Period 0.05% Category D Period 0.05% Category E Period 0.05%
Applicable Utilization 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)(ii) hereof determined in accordance with the provisions of the Pricing Schedule hereto.
Applicable Utilization Fee Percentage means the percentage per annum to be used to calculate the Utilization Fee payable to the Banks at any time Loans outstanding exceed one-third of the Commitments. For the period commencing on the Closing Date and ending on the third Business Day after the Administrative Agent's receipt of quarterly financial statements and a Compliance Certificate for the period ending March 31, 2000, the Applicable Utilization Fee Percentage shall be 0.100% per annum. Thereafter, the Applicable Utilization Fee Percentage shall be determined based upon the Leverage Ratio as of the last day of the fiscal quarter most recently ended as follows: Leverage Applicable Utilization Ratio Fee Percentage -------- ----------------------