Letter of Credit Fee Percentage means with respect to any Letter of Credit or any Credit Support issued hereunder, on any date of determination, a per annum percentage equal to the Applicable Margin for LIBOR Rate Revolving Loans as of such date of determination.
Letter of Credit Fee Percentage means a per annum percent equal to the Applicable Margin for LIBOR Rate Loans.
Letter of Credit Fee Percentage means, with respect to any Letter of Credit, the per annum percentage calculated as described in the definition of Applicable Margin.
Examples of Letter of Credit Fee Percentage in a sentence
For each Letter of Credit issued or extended, the Company shall pay to the Agent for the account of the Banks, in advance on the date of issuance or extension, a fee (a "Letter of Credit Fee") in an amount equal to the Applicable Letter of Credit Fee Percentage per annum, as in effect on the date of issuance or extension, of the original face amount of the Letter of Credit for the period from the date of issuance or extension to the scheduled expiration date of such Letter of Credit.
Letter of Credit Fee Percentage - a per annum percent equal to the Applicable Margin for LIBOR Rate Loans.
In the event of an Overpayment, Executive will promptly pay to the Company (without interest) the amount of such Overpayment.
From each Incentive Pricing Effective Date until the next Incentive Pricing Effective Date, the Applicable Base Rate Margin, the Applicable Libor Rate Margin, the Applicable Unused Facility Fee Percentage and the Applicable Letter of Credit Fee Percentage shall be determined by reference to the applicable Undrawn Availability on the grid below; provided, however, that Tier III pricing shall apply through and including November 30, 2010.
The Borrower shall further pay to the Agent, for the account of the Lenders, a fee in an amount determined by applying a per annum rate equal to the Letter of Credit Fee Percentage set forth in Section 2.5(c) to the original face amount of the Letter of Credit for each month that such Letter of Credit is outstanding, which fee shall be due and payable monthly in arrears on the last day of each month, and on the Termination Date.
More Definitions of Letter of Credit Fee Percentage
Letter of Credit Fee Percentage means 0.19% per annum.
Letter of Credit Fee Percentage has the meaning specified in Section 2.06(d).
Letter of Credit Fee Percentage means, as of any date, a percentage per annum equal to the Applicable Margin then in effect with respect to Advances bearing interest at a LIBO Rate (whether or not any such Advances are then outstanding).
Letter of Credit Fee Percentage means with respect to the Letters of Credit, a per annum rate equal to 2.75%.
Letter of Credit Fee Percentage means (1) during the period commencing on the Effective Date and ending on but not including the first Adjustment Date, 0.500% per annum and (2) during each Calculation Period, the percent per annum set forth in the table below under the heading “Letter of Credit Fee Percentage” opposite the Debt to Adjusted EBITDA Ratio which corresponds to the Debt to Adjusted EBITDA Ratio set forth in, and as calculated in accordance with, the applicable Compliance Certificate. Margin for Letter of Debt to Adjusted Facility Fee Eurodollar Credit Fee Level EBITDA Ratio Percentage Rate Loans Percentage I Less than or equal to 1.00 to 1.00 .125 % .500 % .500 % II Less than or equal to 1.50 to 1.0 but greater than 1.00 to 1.00 .150 % .600 % .600 % III Less than or equal to 2.00 to 1.00 but greater than 1.50 to 1.00 .175 % .700 % .700 % IV Less than or equal to 2.50 to 1.00 but greater than 2.00 to 1.00 .225 % .775 % .775 % V Greater than 2.50 to 1.00 .250 % 1.000 % 1.000 % Upon delivery of each Compliance Certificate pursuant to Section 5.18(g), commencing with the Compliance Certificate delivered with respect to the fiscal quarter ending on September 30, 2007, the Applicable Margin (for Interest Periods commencing after the applicable Adjustment Date), the Facility Fee Percentage and the Letter of Credit Fee Percentage shall automatically be adjusted in accordance with the Debt to Adjusted EBITDA Ratio set forth therein and the table set forth above, such automatic adjustment to take effect as of the first Business Day after the receipt by the Agent of such Compliance Certificate pursuant to Section 5.18(g) (each such Business Day when such margin or fees change pursuant to this sentence or the next following sentence, herein an “Adjustment Date”). If the Borrower fails to deliver such Compliance Certificate which so sets forth the Debt to Adjusted EBITDA Ratio within the period of time required by Section 5.18(g): (i) the Applicable Margin (for Interest Periods commencing after the applicable Adjustment Date) shall automatically be adjusted to 1.000% per annum, (ii) the Facility Fee Percentage shall automatically be adjusted to 0.250% per annum, and (iii) the Letter of Credit Fee Percentage shall automatically be adjusted to 1.000% per annum, such automatic adjustments to take effect as of the first Business Day after the last day on which the Borrower was required to deliver the applicable Compliance Certificate in accordance with Section 5.18(g) and to remain in effect ...
Letter of Credit Fee Percentage means, as of the most recent Adjustment Date, the applicable percent per annum set forth in the pricing table set forth below corresponding to the Net Leverage Ratio for the Calculation Period: NET LEVERAGE RATIO LETTER OF CREDIT FEE PERCENTAGE Less than 0.50:1.00 1.50% Greater than or equal to 0.50:1.00 but less than 1.00:1.00 1.75% Greater than or equal to 1.00:1.00 but less than 1.50:1.00 2.00% Greater than or equal to 1.50:1.00 2.25% provided that for the period from the Closing Date through and including the first Adjustment Date following the Closing Date, the Letter of Credit Fee Percentage shall be 1.50%.
Letter of Credit Fee Percentage means the applicable percentage set forth below based upon the actual or stated senior implied ratings established by S&P and Moody's, respectively, applicable on such date to the senior, xxxxxured, non-credit enhanced, long-term Indebtedness for borrowed money of Company (or, if no actual or stated senior implied ratings are in effect, the ratings one category higher than the ratings for subordinated, unsecured, non-credit enhanced long-term Indebtedness for borrowed money): Category S&P/Moody's Rating Percentage 2 BBB+/Baa1 0.35% 3 BBB/Baa2 0.40% 4 BBB-/Baa3 0.45% 5 BB+/Ba1 0.625% or below For purposes of the foregoing, (i) if neither Moody's nor S&P shall have in effect a rating for the sxxxxx or subordinated, unsecured, non-credit enhanced, long-term Indebtedness for borrowed money of Company (other than by reason of the circumstances referred to in the last sentence of this definition), then the Letter of Credit Fee Percentage shall be based on Category 5; (ii) if only one of Moody's and S&P shall have in effect a rating for the senxxx xx subordinated, unsecured, non-credit enhanced, long-term Indebtedness for borrowed money of Company, then the Letter of Credit Fee Percentage shall be determined on the basis of such rating; (iii) if the ratings established or deemed to have been established by Moody's or S&P for the senior or subordinated, unsecxxxx, non-credit enhanced, long-term Indebtedness for borrowed money of Company, shall fall within different Categories, the Letter of Credit Fee Percentage shall be based on the Category corresponding to the higher rating; and (iv) if any rating established or deemed to have been established by Moody's or S&P shall be changed (other than as a result xx x change in the rating system of Moody's or S&P), such change shall be effective as of the dxxx xx which it is first announced by the applicable rating agency. Each change in the Letter of Credit 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 Moody's or S&P shall change, or if any such rating agency shxxx xxxse to be in the business of rating corporate debt obligations, Company and 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 effectivene...