APPLICABLE MARGIN FOR COMMITMENT FEES definition

APPLICABLE MARGIN FOR COMMITMENT FEES means, on any date of determination, the percentage set forth in the table below which corresponds, on any date of determination, with the Leverage Ratio at such date of determination, as calculated based on the quarterly compliance certificates of Borrower most recently delivered pursuant to SECTION 9.3 hereof. -------------------------------------------- Applicable Margin Leverage Ratio for Commitment Fees -------------------------------------------- Greater than or equal to 0.500% 4.00 to 1.0 -------------------------------------------- Less than 4.00 to 1.0 0.375% --------------------------------------------
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APPLICABLE MARGIN FOR COMMITMENT FEES means, on any date of determination, the percentage set forth in the table below which corresponds, on any date of determination, with the Senior Leverage Ratio at such date of determination, as calculated based on the quarterly compliance certificates of Borrower most recently delivered pursuant to SECTION 7.2 hereof. ------------------------------------------------------------------------------- SENIOR LEVERAGE RATIO APPLICABLE MARGIN FOR REQUIREMENT COMMITMENT FEES ------------------------------------------------------------------------------- Greater than or equal to 5.5 to 1.0 0.2500% ------------------------------------------------------------------------------- Less than 5.5 to 1.0 0.1875% -------------------------------------------------------------------------------
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APPLICABLE MARGIN FOR COMMITMENT FEES means the percentage per annum set forth in the table below that corresponds to the Leverage Ratio at such date of determination, as calculated based on the Compliance Certificate of Restricted Borrowers most recently delivered on the Closing Date or pursuant to Section 9.3 hereof: Applicable Margin for Leverage Ratio Commitment Fees --------------------------------------------- ----------------------------------- Less than 5.50:1.0 .250% Greater than or equal to 5.50:1.00 .375% The provision above is further subject to the following:
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More Definitions of APPLICABLE MARGIN FOR COMMITMENT FEES

APPLICABLE MARGIN FOR COMMITMENT FEES means, on any date of determination, the percentage set forth in the table below that corresponds with the Leverage Ratio at such date of determination, as calculated based on the quarterly Compliance Certificates most recently delivered pursuant to SECTION 9.3 (or the most recent Permitted Acquisition Compliance Certificate for a Permitted Acquisition, as the case may be): --------------------------------------------------------------------------------- LEVERAGE RATIO APPLICABLE MARGIN FOR COMMITMENT FEES --------------------------------------------------------------------------------- Greater than or equal to 6.75 to 0.500% --------------------------------------------------------------------------------- CREDIT AGREEMENT ---------------- --------------------------------------------------------------------------------- 1.00 --------------------------------------------------------------------------------- Less than 6.75 to 1.00 0.375% ---------------------------------------------------------------------------------
Sample 1
APPLICABLE MARGIN FOR COMMITMENT FEES means, on any date of determination, the percentage set forth in the table below that corresponds with the Leverage Ratio at such date of determination, as calculated based on the quarterly Compliance Certificates most recently delivered pursuant to Section 9.3 (or the most recent Permitted Acquisition Compliance Certificate for a Permitted Acquisition, as the case may be): ============================================================= Leverage Ratio Applicable Margin for Commitment Fees ============================================================= Greater than or equal to 6.75 to 1.00 0.500% ------------------------------------------------------------- Less than 6.75 to 1.00 0.375% =============================================================
Sample 1
APPLICABLE MARGIN FOR COMMITMENT FEES means, on any date of determination, the percentage set forth in the table below that corresponds with the Leverage Ratio at such date of determination, as calculated based on the quarterly Compliance Certificates most recently delivered pursuant to SECTION 9.3: LEVERAGE RATIO APPLICABLE MARGIN FOR COMMITMENT FEES -------------- -------------------------------- Less than 1.0:1.0 0.080% Greater than or equal to 1.0:1.0, 0.105% but less than 2.0:1.0 Greater than or equal to 2.0:1.0, 0.125% but less than 3.0:1.0
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APPLICABLE MARGIN FOR COMMITMENT FEES means, (a) on any date of determination on or after the Closing Date until (but not including) the Phase II Notice Date, 1.50%, and (b) at any date of determination occurring on and after the Phase II Notice Date, the percentage set forth in the table below which corresponds with the ratio (expressed as a percentage) of (i) the average daily Commitment Usage for any period of determination to (ii) the Commitment at such date of determination: ---------------------------------------------- ----------------------------------- COMMITMENT USAGE/ APPLICABLE MARGIN FOR COMMITMENT COMMITMENT FEES ---------------------------------------------- ----------------------------------- Less than or equal to 33% 1.50% ---------------------------------------------- ----------------------------------- Less than or equal to 67%, but greater than 33% 1.125% ---------------------------------------------- ----------------------------------- Greater than 67% 0.75% ---------------------------------------------- -----------------------------------
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APPLICABLE MARGIN FOR COMMITMENT FEES means, on any date of determination, the percentage set forth in the table below which corresponds, on any date of determination, with the Total Debt to Pro Forma EBITDA Ratio at such date of determination, as calculated based on the quarterly compliance certificates of Borrower most recently delivered pursuant to SECTION 9.3 hereof, or if delivered later, the most recent Permitted Acquisition Compliance Certificate for a Permitted Acquisition. TOTAL DEBT TO PRO FORMA EBITDA APPLICABLE RATIO REQUIREMENT MARGIN FOR COMMITMENT FEES Less than or equal to 2.5:1.0 0.250% Less than or equal to 3.0 to 1.0 but greater than 2.5:1.0 0.300% Less than or equal to 4.0:1.0 but greater than 3.0:1.0 0.375% Greater than 4:0:1.0 0.500%
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APPLICABLE MARGIN FOR COMMITMENT FEES means either:
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Related to APPLICABLE MARGIN FOR COMMITMENT FEES

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Applicable Commitment Fee Rate means:

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Commitment Fees has the meaning set forth in Section 2.11(a).

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Facility Fees has the meaning provided in Section 2.11(a).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”