Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage <25% ³25% <50% ³50% <75% ³75% <90% ³90% Eurodollar Loans 1.50 % 1.75 % 2.00 % 2.25 % 2.50 % ABR Loans 0.50 % 0.75 % 1.00 % 1.25 % 1.50 % Commitment Fee Rate 0.375 % 0.375 % 0.50 % 0.50 % 0.50 %
Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage <25% >25%, but <7550% >50%, but <75% >75%, but <90% >90% Eurodollar Loans 2.002.25 % 2.252.50 % 2.75 % 2.503.00 % 2.753.25 % ABR Loans 1.001.25 % 1.251.50 % 1.75 % 1.502.00 % 1.752.25 % 68 Definition amended most recently by TwelfthThirteenth Amendment. 79 Grid amended by Fourthmost recently by the Thirteenth Amendment.
Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage ≥ 90% < 90% but ≥ 75% < 75% but ≥ 25% < 25% LIBOR Loans 4.00% 3.75% 3.50% 3.25% ABR Loans 3.00% 2.75% 2.50% 2.25% Commitment Fee Rate 0.50% 0.50% 0.50% 0.50% provided that if for any day during a Borrowing Base Trigger Period, with respect to any ABR Loan or LIBOR Loan, as the case may be, the rate per annum set forth in the grid of Table 2 is lower than the rate per annum set forth in the grid of Table 1, the rate per annum set forth in the grid of Table 1 shall apply.
Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage ≥ 90% < 90% < 75% < 50% < 25% LIBOR Loans 2.75% 2.50% 2.25% 2.00% 1.75% ABR Loans 1.75% 1.50% 1.25% 1.00% .75% Commitment Fee Rate 0.50% 0.50% 0.50% 0.50% 0.50% Active.18106573.29 provided that (i) if for any day during a Borrowing Base Trigger Period, with respect to any ABR Loan or LIBOR Loan, as the case may be, the rate per annum set forth in the grid of Table 2 is lower than the rate per annum set forth in the grid of Table 1, the rate per annum set forth in the grid of Table 1 shall apply and (ii) if for any day during a Borrowing Base Trigger Period, the Leverage Ratio for the applicable Calculation Period is equal to or lower than 3.00 to 1:00, then the rate per annum set forth in the grid of Table 1 shall apply with respect to any ABR Loan or LIBOR Loan, as the case may be.
Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage ABR Loans Eurodollar Loans Commitment Fee Rate < 25% 0.75 % 1.75 % 0.375 % >25% and <50% 1.00 % 2.00 % 0.375 % >50% and <75% 1.25 % 2.25 % 0.50 % >75% and <90% 1.50 % 2.50 % 0.50 % >90% 1.75 % 2.75 % 0.50 %
Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage £25% >25% and £50% >50% and £75% >75% and £90% >90% Eurodollar Loans 3.000% 3.250% 3.500% 3.750% 4.000% ABR Loans 2.000% 2.250% 2.500% 2.750% 3.000% Revolving Credit Commitment Fee Rate 0.500% 0.500% 0.500% 0.500% 0.500% Each change in the Applicable Margin for Revolving Loans 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; provided that if at any time the Borrower fails to deliver a Reserve Report pursuant to Section 8.12(a), then the “Applicable Margin” means, with respect to Revolving Loans, the rate per annum set forth on the grid when the Borrowing Base Utilization Percentage is at its highest level until such Reserve Report is delivered.
Borrowing Base Utilization Grid. Utilization Percentage ≤25% >25% and ≤ 50% >50% and ≤75% >75% and ≤90% >90% Term Benchmark Advance and RFR Advance 3.00% 3.25% 3.50% 3.75% 4.00% Alternate Base Rate Advance 2.00% 2.25% 2.50% 2.75% 3.00%
Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage <25% >25% but <50% >50% but <75% >75% but <90% >90% ABR Loans 0.50% 0.75% 1.00% 1.25% 1.50% Eurodollar Loans 1.50% 1.75% 2.00% 2.25% 2.50% Commitment Fee 0.375% 0.375% 0.50% 0.50% 0.50% Table 2 Ratings Grid Debt Rating >Baa1/BBB+ Xxx0/XXX Xxx0/XXX- <Xx0/XX+ XXX Loans 0.125% 0.25% 0.50% 0.75% Eurodollar Loans 1.125% 1.25% 1.50% 1.75% Commitment Fee 0.15% 0.20% 0.25% 0.30%
Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage <25% >25% but <50% >50% but <75% >75% but <90% >90% ABR Loans .50 % .75 % 1.00 % 1.25 % 1.50 % Eurodollar Loans 1.50 % 1.75 % 2.00 % 2.25 % 2.50 % Commitment Fee Rate 0.375 % 0.375 % 0.50 % 0.50 % 0.50 % Each change in the Applicable Margin and the Commitment Fee Rate 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, provided, however, if the Borrower fails to deliver a Reserve Report pursuant to Section 8.11(a), and until such Reserve Report is delivered, then the “Applicable Margin” and the “Commitment Fee Rate” mean the rate per annum set forth on the table above when the Borrowing Base Utilization Percentage is at its highest level.
Borrowing Base Utilization Grid. Borrowing Base Utilization Percentage <25% ³25% but <50% ³50% but <75% ³75% but <90% >90% ABR Loans 0.75% 1.00% 1.25% 1.50% 1.75% Eurodollar Loans 1.75% 2.00% 2.25% 2.50% 2.75% Each change in the Applicable Margin 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, provided, however, that if at any time the Borrower fails to deliver a Reserve Report pursuant to Section 8.12(a), then the ‘Applicable Margin’ means the rate per annum set forth on the grid when the Borrowing Base Utilization Percentage is at its highest level.”
