Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.
Commitment Fee Rate. 0.50% per annum.
Commitment Fee Rate. 1/2 of 1% per annum; provided, that on and after the first Adjustment Date occurring after the completion of two full fiscal quarters of the Borrower after the Closing Date, the Commitment Fee Rate will be determined pursuant to the Pricing Grid.
Examples of Commitment Fee Rate in a sentence
Except as otherwise provided in Section 3.05(d), the Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee, which shall accrue at the applicable Commitment Fee Rate on the average daily amount of the unused amount of the Commitment of such Lender during the Availability Period.
More Definitions of Commitment Fee Rate
Commitment Fee Rate. 1/2 of 1% per annum.
Commitment Fee Rate has the meaning specified in Section 2.04(a).
Commitment Fee Rate means 0.25% per annum.
Commitment Fee Rate means, with respect to the 2020 Available Commitment on any day, the rate per annum set forth below opposite the Status in effect on such day: Status Commitment Fee Rate Level I Status 0.50 % Level II Status 0.375 % Notwithstanding the foregoing, the term “Commitment Fee Rate” shall mean 0.50% during the period from and including the 2015 May Effective Date to but excluding the Trigger Date.
Commitment Fee Rate means, at any time, the rate per annum set forth below next to the Applicable Rating Level in effect at such time: Applicable Rating Level Commitment Fee Rate 1 0.045% 2 0.050% 3 0.060% 4 0.075% A change in the Commitment Fee Rate resulting from a change in the Applicable Rating Level shall become effective upon the date of public announcement of a change in the Xxxxx’x Rating or the S&P Rating that results in a change in the Applicable Rating Level.
Commitment Fee Rate means the rate per annum set forth under the relevant column heading below: From the Closing Date through the Cash Flow Trigger Date: Category Maximum Consolidated Total Indebtedness to Recurring Revenue Leverage Ratio Unused Line Fee Margin 1 > 0.60x 0.35% 2 < 0.60x but >0.55x 0.35% 3 < 0.55x but >0.50x 0.30% 4 < 0.50x but > 0.45x 0.25% 5 < 0.45x 0.25% From and after the Cash Flow Trigger Date Category Maximum Consolidated Total Leverage Ratio Unused Line Fee Margin 1 > 3.50x 0.35% 2 < 3.50x but > 3.00x 0.35% 3 < 3.00 but > 2.00x 0.30% 4 < 2.00x but > 1.00x 0.25% 5 < 1.00x 0.25% If the financial statements required by Section 6.1 and the related Compliance Certificate required by Section 6.2(b) are not delivered by the respective date required thereunder after the end of any related fiscal quarter of the Group Members, the Commitment Fee Rate shall be the rates corresponding to Level 1 in the foregoing table until such financial statements and Compliance Certificate are delivered, and (c) no reduction to the Commitment Fee Rate shall become effective at any time when an Event of Default has occurred and is continuing. If, as a result of any restatement of or other adjustment to the financial statements of the Loan Parties or for any other reason, the Administrative Agent determines that (x) the Consolidated Total Indebtedness to Recurring Revenue Leverage Ratio or Consolidated Total Leverage Ratio, as applicable, as calculated by the Borrower as of any applicable date was inaccurate and (y) a proper calculation of the Consolidated Total Indebtedness to Recurring Revenue Leverage Ratio or Consolidated Total Leverage Ratio, as applicable, would have resulted in different pricing for any period, then (i) if the proper calculation of the Consolidated Total Indebtedness to Recurring Revenue Leverage Ratio or Consolidated Total Leverage Ratio, as applicable, would have resulted in higher pricing for such period, the Borrower shall automatically and retroactively be obligated to pay to the Administrative Agent, for the benefit of the applicable Lenders, promptly on demand by the Administrative Agent, an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period; and (ii) if the proper calculation of the Consolidated Total Indebtedness to Recurring Revenue Leverage Ratio or Consolidated Total Leverage Ratio, as applicable, would have resulted in lower ...