Revolving Loan Commitment Fee Rate has the meaning set forth in the Pricing Schedule.
Revolving Loan Commitment Fee Rate. 0.25% per annum.
Revolving Loan Commitment Fee Rate mean the applicable percentage rates per annum set forth below opposite the applicable Leverage Ratio, as adjusted from time to time. Leverage Ratio Revolving Loan Margin Revolving Loan Commitment Fee Rate Greater than 4.50 to 1.00 2.50% 0.40% Greater than 4.00 to 1.00 but less than or equal to 4.50 to 1.00 2.25% 0.30% Greater than 2.00 to 1.00 but less than or equal to 4.00 to 1.00 2.00% 0.25% Greater than 1.75 to 1.00 but less than or equal to 2.00 to 1.00 1.75% 0.20% Greater than 1.50 to 1.0 but less than or equal to 1.75 to 1.0 1.50% .15% Less than or equal to 1.50 to 1.0 1.25% .15% Page 39- SECOND AMENDMENT TO LOAN AGREEMENT The Revolving Loan Margin (“Applicable Margin”) and Revolving Loan Commitment Fee Rate (“Applicable Fee Rate”) shall be determined by Agent from time to time based upon the information set forth in Borrower’s financial statements and Compliance Certificate furnished to Agent pursuant to this Agreement as of the end of each fiscal quarter and shall be based upon the Leverage Ratio as of such date. Any change in the Applicable Margin or Applicable Fee Rate shall take effect on the first Business Day of the month following the date of delivery to Agent of the applicable financial statements and Compliance Certificate, and the Applicable Margin and Applicable Fee Rate, as so determined, shall remain in effect until the earlier of:
More Definitions of Revolving Loan Commitment Fee Rate
Revolving Loan Commitment Fee Rate means 0.50% per annum.
Revolving Loan Commitment Fee Rate and “Alternate Base Rate Margin (Revolving)” mean the applicable percentage rates per annum set forth below opposite the applicable Leverage Ratio, as adjusted from time to time. Greater than 2.50 to 1.00 but less than or equal to 3.50 to 1.00 1.00% 1.25% Revolving Loan Commitment Fee Rate 0.20% 0.25% Greater than 4.00 to 1.00 but less than or equal to 4.50 to 1.00 Less than or equal to 2.50 to 1.00 Alternate Base Rate Margin (Revolving) 1.00% 1.75% 0.15% 0.15% 0.30% The Revolving Loan Margin (“Applicable Margin”) and Revolving Loan Commitment Fee Rate (“Applicable Fee Rate”) shall be determined by the Agent from time to time based upon the information set forth in Borrower’s financial statements and Compliance Certificate furnished to the Agent pursuant to this Agreement as of the end of each fiscal quarter and shall be based upon the Leverage Ratio as of such date. Any change in the Applicable Margin or Applicable Fee Rate shall take effect on the first Business Day of the month following the date of delivery to the Agent of the applicable financial statements and Compliance Certificate, and the Applicable Margin and Applicable Fee Rate, as so determined, shall remain in effect until the earlier of: a. the first Business Day of the month following the delivery to the Agent of a subsequent financial statement and Compliance Certificate indicating a Leverage Ratio requiring a change in the Applicable Margin or Applicable Fee Rate, or b. the day upon which the Company fails to deliver to the Agent the applicable financial statements and Compliance Certificate within the time provided under this Agreement. Upon any failure of the Company to deliver to the Agent the applicable financial statements and Compliance Certificate within the time required by this Agreement, the Applicable Margin and Applicable Fee Rate shall be the highest Applicable Margin and Applicable Fee Rate set forth in the foregoing table, which shall remain in effect until five Business Days following the date of delivery to the Agent of financial statements and Compliance Certificate reflecting a Leverage Ratio for which a lower Applicable Margin and Applicable Fee Rate would be applicable. Notwithstanding the foregoing, the Revolving Loan Margin shall be 1.25% and the Revolving Loan Commitment Fee Rate shall be 0.20% from the Closing Date until the earlier of (a) the first Business Day of the month following the delivery to the Agent of a financial statement and Compliance Certificate ind...
Revolving Loan Commitment Fee Rate has the meaning set forth in the Pricing Schedule. “Revolving Loan Margin” has the meaning set forth in the Pricing Schedule. “Revolving Loan Obligations” means all present and future Revolving Loans, Revolving Swing Line Loans, LC Obligations, and other debts, liabilities, obligations, reimbursements, indemnities, covenants, warranties, duties and obligations relating thereto of the Revolving Loan Borrower to the Agent and the Lenders under the LC Agreements, LC 38 13483422v8
Revolving Loan Commitment Fee Rate has the meaning set forth in the Pricing Schedule. “Revolving Loan Margin” has the meaning set forth in the Pricing Schedule. “Revolving Loan Obligations” means all present and future Revolving Loans, Revolving Swing Line Loans, LC Obligations, and other debts, liabilities, obligations, reimbursements, indemnities, covenants, warranties, duties and obligations relating thereto of the Revolving Loan Borrower to the Agent and the Lenders under the LC Agreements, LC Applications, the Letters of Credit, this Agreement, and the other Loan Documents, whether now or hereafter existing or incurred, whether liquidated or unliquidated, whether absolute or contingent, and including without limitation principal, interest, fees, Attorney Costs, expenses and charges relating to any of the foregoing. “Revolving Swing Line Commitment” (which is a sublimit of the Aggregate Revolving Loan Commitment) means an amount equal to $60,000,000.0060,000,000. “Revolving Swing Line Loan” has the meaning set forth in Section 4.2.1. “Risk-Based Capital Guidelines” means (a) the risk-based capital guidelines in effect in the United States on the date of this Agreement, including transition rules, and (b) the corresponding capital regulations promulgated by regulatory authorities outside the United States, including transition rules, and, in each case, any amendments to such regulations. “S&P” means Standard & Poor’s Ratings Group, a Standard & Poor’s Financial Services LLC business. 38
Revolving Loan Commitment Fee Rate mean the applicable percentage rates per annum set forth below opposite the applicable Leverage Ratio, as adjusted from time to time. Revolving Revolving Loan Leverage Ratio Loan Margin Commitment Fee Rate Greater than 4.50 to 1.00 2.50% 0.40% Greater than 4.00 to 1.00 but less 2.25% 0.30% than or equal to 4.50 to 1.00 Greater than 2.00 to 1.00 but less 2.00% 0.25% than or equal to 4.00 to 1.00 Less than or equal to 2.00 to 1.00 1.75% 0.20% The Revolving Loan Margin (“Applicable Margin”) and Revolving Loan Commitment Fee Rate (“Applicable Fee Rate”) shall be determined by Agent from time to time based upon the information set forth in Borrower’s financial statements and Compliance Certificate furnished to Agent pursuant to this Agreement as of the end of each fiscal quarter and shall be based upon the Leverage Ratio as of such date. Any change in the Applicable Margin or Applicable Fee Rate shall take effect on the first Business Day of the month following the date of delivery to Agent of the applicable financial statements and Compliance Certificate, and the Applicable Margin and Applicable Fee Rate, as so determined, shall remain in effect until the earlier of:
Revolving Loan Commitment Fee Rate has the meaning set forth in the Pricing Schedule. “Revolving Loan Margin” has the meaning set forth in the Pricing Schedule. “Revolving Loan Obligations” means all present and future Revolving Loans, Revolving Swing Line Loans, LC Obligations, and other debts, liabilities, obligations, reimbursements, indemnities, covenants, warranties, duties and obligations relating thereto of the Revolving Loan Borrower to the Agent and the Lenders under the LC Agreements, LC Applications, the Letters of Credit, this Agreement, and the other Loan Documents, whether now or hereafter existing or incurred, whether liquidated or unliquidated, whether absolute or contingent, and including without limitation principal, interest, fees, Attorney Costs, expenses and charges relating to any of the foregoing. “Revolving Swing Line Commitment” (which is a sublimit of the Aggregate Revolving Loan Commitment) means an amount equal to $40,000,000.0060,000,000.00. “Revolving Swing Line Loan” has the meaning set forth in Section 4.2.1. “Risk-Based Capital Guidelines” means (a) the risk-based capital guidelines in effect in the United States on the date of this Agreement, including transition rules, and (b) the corresponding capital regulations promulgated by regulatory authorities outside the United States, including transition rules, and, in each case, any amendments to such regulations. “S&P” means Standard & Poor’s Ratings ServicesGroup, a Standard & Poor’s Financial Services LLC business. “Sanctions” means sanctions administered or enforced from time to time by the U.S. government, including those administered by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. “Security Agreement” means an amended and restated security agreement substantially in the form attached hereto as Exhibit F. “Seller Agreement” means any material agreement between the Company or any of its Subsidiaries and a manufacturer, distributor or other seller of New Vehicles (including without limitation Franchise Agreements, distribution agreements, framework agreements, and the like). “Seller Notes” has the meaning set forth in Section 13.6(m). 40 110393723.6 0063724-00082 115525625.4 0063724-00082
Revolving Loan Commitment Fee Rate mean the applicable percentage rates per annum set forth below opposite the applicable Leverage Ratio, as adjusted from time to time. Leverage Ratio Revolving Loan Margin Revolving Loan Commitment Fee Rate Greater than 4.50 to 1.00 2.25% 0.40% Greater than 4.00 to 1.00 but less than or equal to 4.50 to 1.00 2.00% 0.30% Greater than 3.50 to 1.00 but less than or equal to 4.00 to 1.00 1.75% 0.25% Greater than 2.50 to 1.00 but less than or equal to 3.50 to 1.00 1.50% 0.20% Less than or equal to 2.50 to 1.00 1.25% 0.15% The Revolving Loan Margin (“Applicable Margin”) and Revolving Loan Commitment Fee Rate (“Applicable Fee Rate”) shall be determined by Agent from time to time based upon the information set forth in Borrower’s financial statements and Compliance Certificate furnished to Agent pursuant to this Agreement as of the end of each fiscal quarter and shall be based upon the Leverage Ratio as of such date. Any change in the Applicable Margin or Applicable Fee Rate shall take effect on the first Business Day of the month following the date of delivery to Agent of the applicable financial statements and Compliance Certificate, and the Applicable Margin and Applicable Fee Rate, as so determined, shall remain in effect until the earlier of: