Facility Fee Percentage definition

Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

Facility Fee Percentage means the applicable percentage per annum determined, at any time, based on the range into which Borrower’s Credit Rating (if any) then falls, in accordance with the following tables. The change in the Facility Fee Percentage, if any, shall be effective immediately as of the date on which any of the rating agencies announces a change in the Borrower’s Credit Rating or the date on which the Borrower has no Credit Rating, whichever is applicable. If at any time the Borrower shall have only one (1) Credit Rating, for purposes of this definition, the Facility Fee Percentage shall be deemed to be the Facility Fee Percentage as though the Borrower has no Credit Rating. The Facility Fee Percentage shall be as follows: Range of Borrower’s Corporate Credit Rating S&P/Xxxxx’x/Xxxxx Ratings Percentage of Maximum Revolving Credit Commitments <BBB-/Baa3 or unrated 0.300 % BBB-/Baa3 0.250 % BBB/Baa2 0.200 % BBB+/Baa1 0.150 % A-/A3 0.125 % A/A2 0.100 % A+/A1 or higher 0.100 % If at any time when the Borrower has only two (2) Credit Ratings, and such Credit Ratings are split, then: (A) if the difference between such Credit Ratings is one ratings category (e.g. Baa2 by Xxxxx’x and BBB- by S&P or Fitch), the Facility Fee Percentage shall be the rate per annum that would be applicable if the higher of the Credit Ratings were used; and (B) if the difference between such Credit Ratings is two ratings category or more (e.g. Baa1 by Xxxxx’x and BBB- by S&P or Fitch), the Facility Fee Percentage shall be the rate per annum that would be applicable if the median of the applicable Credit Ratings were used. If at any time when the Borrower has three (3) Credit Ratings, and such Credit Ratings are split, then: (A) if the difference between the highest and the lowest such Credit Ratings is one ratings category (e.g. Baa2 by Xxxxx’x and BBB- by S&P or Fitch), the Facility Fee Percentage shall be the rate per annum that would be applicable if the highest of the Credit Ratings were used; and (B) if the difference between such Credit Ratings is two ratings category (e.g. Baa1 by Xxxxx’x and BBB- by S&P or Fitch) or more, the Facility Fee Percentage shall be the rate per annum that would be applicable if the average of the two (2) highest Credit Ratings were used, provided that if such average is not a recognized rating category, then the Facility Fee Percentage shall be the rate per annum that would be applicable if the second highest Credit Rating of the three were used.

Facility Fee Percentage means on any date the applicable percentage set forth below based upon the ratings by S&P and Xxxxx'x, respectively, applicable on such date to the Index Debt:

Examples of Facility Fee Percentage in a sentence

• As consideration for making the Revolving Credit available, the Borrower shall pay to the Bank a non-refundable quarterly facility fee in an amount equal to the Applicable Facility Fee Percentage times the Committed Amount.

• The Facility Fee (and the Applicable Facility Fee Percentage) shall be calculated on the basis of a 360 day year for the actual number of days elapsed without regard to the amount of Loans outstanding during any period for which the Facility Fee is computed.

• 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 "Facility Fee") equal to the Applicable Facility Fee Percentage per annum of the average daily sum of the Aggregate Commitments, regardless of usage, during such period.

• The Company shall pay to the Administrative Agent, for the account of the Lenders in accordance with their Pro Rata Shares, from and after the date of this Agreement until the date on which the Aggregate Revolving Loan Commitment shall be terminated in whole, a facility fee accruing at the rate of the then Applicable Facility Fee Percentage on the amount of the Aggregate Revolving Loan Commitment (whether used or unused).

• Such adjustments shall be given prospective effect only, effective as to all Advances outstanding hereunder, the Applicable Facility Fee Percentage and the Applicable Letter of Credit Percentage, upon the date of delivery of the financial statements under Sections 6.1(a) and 6.1(b) hereunder and the Certificate of Compliance under Section 6.1(e) hereof, in each case establishing applicability of the appropriate adjustment and in each case with no retroactivity or claw-back.

More Definitions of Facility Fee Percentage

Facility Fee Percentage a percentage equal to at any time (i) during a Category A Period, .07%, (ii) during a Category B Period, .08%, (iii) during a Category C Period, .10% and (iv) during a Category D Period, .125%.

Facility Fee Percentage means on any date the applicable percentage set forth below based upon the ratings by S&P and Xxxxx’x, respectively, applicable on such date to the Index Debt : Percentage Category 1 AA-/Aa3 or above .0500 % Category 2 A+/A1 .0575 % Category 3 A/A2 .0600 % Category 4 X-/X0 .0000 % Category 5 BBB/Baa2 .0900 % Category 6 BBB-/Baa3 or below .1400 % For purposes of the foregoing, (i) if neither Xxxxx’x nor S&P shall have in effect a rating for the Index Debt (other than by reason of the circumstances referred to in the last sentence of this definition), then both such rating agencies shall be deemed to have established ratings in Category 6; (ii) if only one of Xxxxx’x and S&P shall have in effect a rating for the Index Debt, then the Facility Fee Percentage shall be determined on the basis of such rating; (iii) if the ratings established or deemed to have been established by Xxxxx’x or S&P for any Index Debt shall fall within different Categories, the Facility Fee Percentage shall be based on the Category corresponding to the higher rating unless the ratings differ by two or more Categories, in which case the Facility Fee Percentage will be based upon the Category one level above the Category corresponding to the lower rating; and (iv) if any rating established or deemed to have been established by Xxxxx’x or S&P shall be changed (other than as a result of a change in the rating system of Xxxxx’x or S&P), such change shall be effective as of the date on which it is first announced by the applicable rating agency. Each change in the Facility Fee Percentage shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of Xxxxx’x or S&P shall change, or if either of such rating agencies shall cease to be in the business of rating corporate debt obligations, Alcoa and the Lenders shall negotiate in good faith to amend the references to specific ratings in this definition to reflect such changed rating system or the non-availability of ratings from such rating agency, and pending the effectiveness of any such amendment, the ratings of such rating agency most recently in effect prior to such change or cessation shall be employed in determining the Facility Fee Percentage.

Facility Fee Percentage means the rate per annum set forth in the column identified by the Applicable Rating Level at the time of determination: Applicable Rating Level Xxxxx 0 Xxxxx 0 Xxxxx 0 Xxxxx 0 Xxxxx 5 Xxxxx 0 Xxxxx 0 Xxxxxxxx Xxx Xxxxxxxxxx 0.04% 0.05% 0.06% 0.07% 0.09% 0.10% 0.15% Any change in the Facility Fee Percentage shall be effective on the date on which Xxxxx’x, S&P or Fitch, as the case may be, announces any change in any rating that results in a change in the Applicable Rating Level.

Facility Fee Percentage means for any date the percentage per annum applicable on such date as set forth in the row labeled "Facility Fee Percentage" on Schedule II hereto, which is based on the ratings (or lack thereof) by Xxxxx'x or S&P or both of the public long-term senior unsecured debt securities of the Borrower.

Facility Fee Percentage shall have the meaning assigned thereto in Section 3.3(a).

Facility Fee Percentage means the applicable percentage per annum determined, at any time, based on the range into which Borrower's Credit Rating (if any) then falls, in accordance with the following tables. Any change in the Facility Fee Percentage shall be effective immediately as of the date on which any of the rating agencies announces a change in the Borrower's Credit Rating or the date on which the Borrower has no Credit Rating, whichever is applicable.

Facility Fee Percentage means, on any date, a percentage per annum determined by reference to the Borrower’s Performance Level in effect on such date as set forth below: Performance Level Facility Fee Percentage Level 1 0.060 % Xxxxx 0 0.070 % Xxxxx 0 0.080 % Xxxxx 0 0.100 % Xxxxx 0 0.125 % Xxxxx 0 0.175 %