Examples of Applicable Facility Fee Rate in a sentence
The Global Agent will promptly provide notice of any determination of the Applicable Facility Fee Rate to the Company and the Lenders.
The Applicable Margin and Applicable Facility Fee Rate shall be determined in accordance with the foregoing table based on the Debt Ratings from time to time.
The Company shall pay to the Administrative Agent for account of each Revolving Credit Bank a facility fee on the daily average amount of such Bank's Revolving Credit Commitment (whether or not utilized) for the period from and including the date hereof to but excluding the earlier of the date such Commitment is terminated or the Revolving Commitment Termination Date at a rate per annum equal to the Applicable Facility Fee Rate.
The Test Ratio for purposes of the calculation of the Eurodollar Rate Margin and the Applicable Facility Fee Rate, and for purposes of the calculation of compliance with the covenant set forth in Section 5.2(g), is to 1.0, as demonstrated in reasonable detail by the calculations set forth on Schedule I hereto.
The Borrowers agree to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share of the Revolving Loans a Facility Fee at a per annum rate equal to the Applicable Facility Fee Rate on the average daily Aggregate Revolving Commitment from the Effective Date to and including the Facility Termination Date, payable in arrears on each Payment Date hereafter and on the Facility Termination Date.