Applicable Commitment Commission Percentage means (i) for each day on which the Aggregate Exposure is less than or equal to 50% of the Total Commitment, 0.375% and (ii) for each day on which the Aggregate Exposure exceeds 50% of the Total Commitment, 0.250%.
Applicable Commitment Commission Percentage means, with respect to any quarterly period occurring between successive Quarterly Payment Dates (or, if shorter, the period through the termination of the Total Revolving Loan Commitment) during which the daily average Aggregate Revolving Credit Exposure is (i) less than 33% of the Total Revolving Loan Commitment, 0.15% per annum, (ii) greater than or equal to 33%, but less than 67%, of the Total Revolving Loan Commitment, 0.125% per annum; and (iii) greater than or equal to 67% of the Total Revolving Loan Commitment, 0.10% per annum; provided, however, that to the extent any portion of the Total Revolving Loan Commitment is not available pursuant to clause (vii) of Section 2.01(a), the Applicable Commitment Commission Percentage solely with respect to such portion shall be 0.10% per annum rather than the higher percentages set forth above in this definition.
Applicable Commitment Commission Percentage means (A) for the period from the Effective Date until the last day of the first full calendar quarter after the Effective Date, 0.40% per annum and (B) for each calendar quarter thereafter, (i) if for the immediately preceding calendar quarter (or such shorter period, as the case may be) the daily average of the outstanding Revolving Loans and Letters of Credit is less than 50% of the Total Revolving Loan Commitment, 0.40% per annum and (ii) if for the immediately preceding calendar quarter (or such shorter period, as the case may be) the daily average of the outstanding Revolving Loans and Letters of Credit is equal to or greater than 50% of the Total Revolving Loan Commitment, 0.30% per annum. From and after the Extension, with respect to any Extended Revolving Loan Commitments and Extended Loans, the Applicable Commitment Commission Percentage specified for such Extended Revolving Loan Commitments and Extended Loans shall be those set forth in the applicable definitive documentation thereof. Swingline Loans will not be considered in the calculation of the Applicable Commitment Commission Percentage.
Examples of Applicable Commitment Commission Percentage in a sentence
The Borrower agrees to pay to the Administrative Agent for distribution to each Non-Defaulting Lender a commitment commission (the "Commitment Commission") for the period from the Effective Date to but excluding the Maturity Date (or such earlier date as the Total Commitment shall have been terminated), computed at a rate per annum equal to the Applicable Commitment Commission Percentage on the Unutilized Commitment of each such Non-Defaulting Lender as in effect from time to time.
Borrower agrees to pay to the Administrative Agent for distribution to each Non-Defaulting Lender with a Term Loan Commitment, a commitment commission (the "Term Loan Commitment Commission") for the period from and including the Effective Date to but excluding the date on which the Total Term Loan Commitment shall have been terminated, computed at a rate for each day equal to the Applicable Commitment Commission Percentage on the daily average sum of the Term Loan Commitments of such Lender.
The Applicable Margin and Applicable Commitment Commission Percentage set forth on Annex I hereto shall apply to the Extending Revolving Loans and/or Extending Commitment Commissions.
More Definitions of Applicable Commitment Commission Percentage
Applicable Commitment Commission Percentage and "Applicable Margin" shall mean from and after any Start Date to and including the corresponding End Date, the respective percentage per annum set forth below under the respective column below and OPPOSITE THE RESPECTIVE LEVEL (I.E., Lxxxx 0, Xxxxx 0, Xxxxx 0, Xxxxx 4 or Level 5, as the case may be) indicated to have been achieved on the applicable Test Date for such Start Date (as shown on the respective officer's certificate delivered pursuant to Section 8.01(f)(A) or the first proviso below): Applicable Applicable Margin Applicable Consolidated Margin for Base For Commitment Level Leverage Ratio Rate Loans Eurodollar Loans Commission ----- -------------- ---------- ---------------- Percentage 1 Less than or equal to 2.50:1.00 0.50% 1.75% 0.300% 2 Greater than 2.50:1.00 but less than or equal to 3.00:1.00 0.75% 2.00% 0.375% 3 Greater than 3.00:1.00 but less than or equal to 3.50:1.00 1.00% 2.25% 0.375% 4 Greater than 3.50:1.00 but less than or equal to 4.00:1.00 1.25% 2.50% 0.500% 5 Greater than 4.00:1.00 1.75% 3.00% 0.500% ; PROVIDED, HOWEVER, that if Holding fails to deliver the financial statements required to be delivered pursuant to Section 8.01(b) or (c) (accompanied by the officer's certificate required to be delivered pursuant to Section 8.01(f)(A) showing the applicable Consolidated Leverage Ratio on the relevant Test Date) on or prior to the respective date required by such Sections, then Level 5 pricing shall apply until such time, if any, as the financial statements required as set forth above and the accompanying officer's certificate have been delivered showing the pricing for the respective Margin Reduction Period is at a level which is less than Level 5 (it being understood that, in the case of any late delivery of the financial statements and officer's certificate as so required, any reduction in the Applicable Commitment Commission Percentage and in the Applicable Margin shall apply only from and after the date of the delivery of the complying financial statements and officer's certificate); PROVIDED FURTHER, that Level 5 pricing shall apply at any time when any Default or Event of Default is in existence. Notwithstanding anything to the contrary contained in the immediately preceding sentence, Level 5 pricing shall apply for the period from the Effective Date to but not including the date which is the first Start Date after Holding's fiscal quarter ending on June 30, 2000.
Applicable Commitment Commission Percentage means (i) for the period from the Effective Date through but not including the first Start Date after the Effective Date, .250% and (ii) from and after any Start Date to and including the corresponding End Date, the respective percentage per annum set forth in clause (A), (B) or (C) below if, but only if, as of the Test Date for such Start Date the applicable condition set forth in clause (A), (B) or (C) below, as the case may be, is met:
Applicable Commitment Commission Percentage and “Applicable Margin” shall mean, from and after any Start Date to and including the corresponding End Date, (i) with respect to the Commitment Commission and Canadian Commitment Commission, the respective per annum percentage set forth below under the column “Applicable Commitment Commission Percentage”, and (ii) with respect to US A Term Loans, Canadian A Term Loans, Canadian Revolving Loans, Revolving Loans and Swingline Loans, the respective percentage per annum set forth below under the respective Tranche and Type of Loans and (in the case of preceding clauses (i) and (ii)) opposite the Total Net Leverage Ratio indicated to have been achieved on an applicable Test Date for such Start Date (as shown in the respective officer’s certificate delivered pursuant to Section 8.01(d) or the first proviso below):
Applicable Commitment Commission Percentage means with respect to any period during which Commitment Commission is payable hereunder, if on or after the Closing Date, the percentage per annum set forth below opposite the applicable daily average Total Unutilized Commitment for the period for which such Commitment Commission is payable: Total Unutilized Commitment Applicable Commitment Commission Less than 33% of the Total Commitment 0.500 % Less than 67% of the Total Commitment but greater than or equal to 33% of the Total Commitment 0.625 % Greater than or equal to 67% of the Total Commitment 0.750 %
Applicable Commitment Commission Percentage and "Applicable Margin" shall mean (x) with respect to Commitment Commission, a percentage
Applicable Commitment Commission Percentage means (a) from the Effective Date to the last day of the calendar month immediately preceding the date of delivery to the Administrative Agent of the quarterly financial statements required by Section 9.01(a) for the first full Fiscal Quarter ended after the Effective Date, 0.375%, and (b) thereafter, (i) for each calendar quarter during which Historical Excess Availability is greater than 50% of Availability, 0.375%, and (ii) for each calendar quarter during which Historical Excess Availability is less than or equal to 50% of Availability, 0.25%. From and after any Extension, with respect to any Extended Revolving Loan Commitments and Extended Loans, the Applicable Commitment Commission Percentage specified for such Extended Revolving Loan Commitments and Extended Loans shall be those set forth in the applicable definitive documentation thereof. Each change in the Applicable Commitment Commission Percentage resulting from a change in Historical Excess Availability shall be effective with respect to all Loans and Letters of Credit outstanding on and after the first day of the calendar month immediately following the date of delivery to the Administrative Agent of the Borrowing Base Certificate required by Section 9.01(f) with respect to a fiscal period that is the final month in a Fiscal Quarter indicating such change until the last day of the calendar month immediately preceding the next date of delivery of such Borrowing Base Certificate with respect to a fiscal period that is the final month of a Fiscal Quarter indicating another such change. Notwithstanding the foregoing, Applicable Commitment Commission Percentage shall be calculated in accordance with clause (b)(i) above at any time during which the Company has failed to deliver the Borrowing Base Certificate required by Section 9.01(f).
Applicable Commitment Commission Percentage means (A) for the period from the Effective Date until the last day of the first full calendar quarter after the Effective Date, 0.375% per annum and (B) for each calendar quarter thereafter, (i) if for the immediately preceding calendar quarter (or such shorter period, as the case may be) the daily average of the outstanding Revolving Loans and Letters of Credit is less than 50% of the Total Revolving Loan Commitment, 0.375% per annum and (ii) if for the immediately preceding calendar quarter (or such shorter period, as the case may be) the daily average of the outstanding Revolving Loans and Letters of Credit is equal to or greater than 50% of the Total Revolving Loan Commitment, 0.25% per annum.