Commitment Fee Rate definition

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

Commitment Fee Rate. 0.50% per annum.

Commitment Fee Rate. 1/2 of 1% per annum; provided, that on and after the first Adjustment Date occurring after the completion of two full fiscal quarters of the Borrower after the Closing Date, the Commitment Fee Rate will be determined pursuant to the Pricing Grid.

Examples of Commitment Fee Rate in a sentence

• The commitment fee for any period will be equal to the Commitment Fee Rate in effect from time to time during such period, times an amount equal to the Commitments minus the aggregate principal amount of Loans outstanding during such period; provided, that for purposes of calculating the commitment fee, Swingline Loans shall not be considered outstanding Loans.

• The Authority acknowledges that as of the Effective Date the Commitment Fee Rate is that specified above for Level 1.

• Upon the occurrence of and during the continuance of an Event of Default (including without limitation an Event of Default under Section 9.1(i) hereof), the Commitment Fee Rate shall increase immediately and automatically to 255 basis points (2.55%), without notice to the Authority.

• The Authority covenants and agrees that it shall not at any time withdraw or permit to be withdrawn any Authority Rating issued by any of Fitch, Xxxxx’x or S&P if the effect of such withdrawal would be to cure a Default or an Event of Default under this Agreement or to decrease the Applicable Spread or Commitment Fee Rate.

• The Agency agrees to pay to the Bank a nonrefundable annual fee (the “Commitment Fee”), payable quarterly in arrears on each Quarterly Payment Date and on the Commitment Termination Date, accruing at the Commitment Fee Rate on the Available Commitment in effect on each day during the preceding quarterly period.

More Definitions of Commitment Fee Rate

Commitment Fee Rate. 1/2 of 1% per annum.

Commitment Fee Rate has the meaning specified in Section 2.04(a).

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

Commitment Fee Rate means 0.375% per annum.

Commitment Fee Rate means, with respect to the 2020 Available Commitment on any day, the rate per annum set forth below opposite the Status in effect on such day: Status Commitment Fee Rate Level I Status 0.50 % Level II Status 0.375 % Notwithstanding the foregoing, the term “Commitment Fee Rate” shall mean 0.50% during the period from and including the 2015 May Effective Date to but excluding the Trigger Date.

Commitment Fee Rate means the rate per annum set forth on the grid when the Borrowing Base Utilization Percentage is at its highest level.

Commitment Fee Rate means, at any time, the rate per annum set forth below next to the Applicable Rating Level in effect at such time: Applicable Rating Level Commitment Fee Rate 1 0.045% 2 0.050% 3 0.060% 4 0.075% A change in the Commitment Fee Rate resulting from a change in the Applicable Rating Level shall become effective upon the date of public announcement of a change in the Xxxxx’x Rating or the S&P Rating that results in a change in the Applicable Rating Level.