Facility Fee definition
Examples of Facility Fee in a sentence
Notwithstanding the foregoing, to the extent provided in any Permitted Amendment or Refinancing Amendment, the rate at which the LC Facility Fee accrues may differ among the Initial Revolver Lenders, and in such case, such LC Facility Fee shall be payable to the Initial Revolver Lenders on a ratable basis based on the amount of such LC Facility Fee owing to the Initial Revolver Lenders.
When an Event of Default under Section 11.1.1 exists, Borrowers shall pay interest (before as well as after entry of judgment thereon, to the extent permitted by Applicable Law) and the LC Facility Fee at a rate per annum equal to the Default Rate on any overdue Obligations.
Interest on Loans denominated in Pounds Sterling, interest on Base Rate Loans, interest on Canadian Prime Rate Loans, interest on Term ▇▇▇▇▇ Loans, interest on Settlement Loans and the LC Facility Fee on Letters of Credit denominated in Pounds Sterling or Canadian Dollars shall be calculated daily and shall be computed on the actual number of days elapsed over a year of 365 or 366 days, as applicable.
It is further understood and agreed that the Applicable Rate will never be reduced or increased by more than 0.020% and that the Facility Fee will never be reduced or increased by more than 0.005% during any calendar year pursuant to a Sustainability Rate Adjustment and the Sustainability Facility Fee Adjustment, respectively.
Applicable Margin for Term Benchmark Loans: 0.930% 1.035% 1.125% 1.325% Applicable Margin for Base Rate Loans: 0.000% 0.035% 0.125% 0.325% Facility Fee Rate: 0.070% 0.090% 0.125% 0.175% For purposes of this Schedule, the following terms have the following meanings, subject to the concluding paragraphs of this Schedule: “Level I Status” exists at any date if, at such date, the rating of the Index Debt is at least BBB+ by S&P or Baa1 by Moody’s.