Letter of Credit Fee Percentage definition

Letter of Credit Fee Percentage means, with respect to any Letter of Credit issued hereunder, on any date of determination, a per annum percentage equal to the Applicable Margin for LIBOR Rate Revolving Loans as of such date of determination.

Letter of Credit Fee Percentage means 0.19% per annum.

Letter of Credit Fee Percentage means a per annum percent equal to the Applicable Margin for LIBOR Rate Loans.

Examples of Letter of Credit Fee Percentage in a sentence

• For each Letter of Credit issued or extended, the Company shall pay to the Agent for the account of the Banks, in advance on the date of issuance or extension, a fee (a "Letter of Credit Fee") in an amount equal to the Applicable Letter of Credit Fee Percentage per annum, as in effect on the date of issuance or extension, of the original face amount of the Letter of Credit for the period from the date of issuance or extension to the scheduled expiration date of such Letter of Credit.

• So long as no Default or Event of Default has occurred and is continuing under this Agreement, adjustments, if any, to the Letter of Credit Fee Percentage based on changes in the ratios set forth above shall be made and become effective on the Effective Date set forth in Section 3.6. herein.

• Letter of Credit Fee Percentage - a per annum percent equal to the Applicable Margin for LIBOR Rate Loans.

• The Applicable Letter of Credit Fee Percentage shall be computed in accordance with the parameters set forth on Schedule 1.1(A).

• From each Incentive Pricing Effective Date until the next Incentive Pricing Effective Date, the Applicable Base Rate Margin, the Applicable Libor Rate Margin, the Applicable Unused Facility Fee Percentage and the Applicable Letter of Credit Fee Percentage shall be determined by reference to the applicable Undrawn Availability on the grid below; provided, however, that Tier IV pricing shall apply through and including November 30, 2007.

More Definitions of Letter of Credit Fee Percentage

Letter of Credit Fee Percentage means, with respect to any Letter of Credit, the per annum percentage calculated as described in the definition of Applicable Margin.

Letter of Credit Fee Percentage has the meaning specified in Section 2.06(d).

Letter of Credit Fee Percentage means, as of any date, a percentage per annum equal to the Applicable Margin then in effect with respect to Advances bearing interest at a LIBO Rate (whether or not any such Advances are then outstanding).

Letter of Credit Fee Percentage means (1) during the period commencing on the Effective Date and ending on but not including the first Adjustment Date, 0.500% per annum and (2) during each Calculation Period, the percent per annum set forth in the table below under the heading “Letter of Credit Fee Percentage” opposite the Debt to Adjusted EBITDA Ratio which corresponds to the Debt to Adjusted EBITDA Ratio set forth in, and as calculated in accordance with, the applicable Compliance Certificate. Margin for Letter of Debt to Adjusted Facility Fee Eurodollar Credit Fee Level EBITDA Ratio Percentage Rate Loans Percentage I Less than or equal to 1.00 to 1.00 .125 % .500 % .500 % II Less than or equal to 1.50 to 1.0 but greater than 1.00 to 1.00 .150 % .600 % .600 % III Less than or equal to 2.00 to 1.00 but greater than 1.50 to 1.00 .175 % .700 % .700 % IV Less than or equal to 2.50 to 1.00 but greater than 2.00 to 1.00 .225 % .775 % .775 % V Greater than 2.50 to 1.00 .250 % 1.000 % 1.000 % Upon delivery of each Compliance Certificate pursuant to Section 5.18(g), commencing with the Compliance Certificate delivered with respect to the fiscal quarter ending on September 30, 2007, the Applicable Margin (for Interest Periods commencing after the applicable Adjustment Date), the Facility Fee Percentage and the Letter of Credit Fee Percentage shall automatically be adjusted in accordance with the Debt to Adjusted EBITDA Ratio set forth therein and the table set forth above, such automatic adjustment to take effect as of the first Business Day after the receipt by the Agent of such Compliance Certificate pursuant to Section 5.18(g) (each such Business Day when such margin or fees change pursuant to this sentence or the next following sentence, herein an “Adjustment Date”). If the Borrower fails to deliver such Compliance Certificate which so sets forth the Debt to Adjusted EBITDA Ratio within the period of time required by Section 5.18(g): (i) the Applicable Margin (for Interest Periods commencing after the applicable Adjustment Date) shall automatically be adjusted to 1.000% per annum, (ii) the Facility Fee Percentage shall automatically be adjusted to 0.250% per annum, and (iii) the Letter of Credit Fee Percentage shall automatically be adjusted to 1.000% per annum, such automatic adjustments to take effect as of the first Business Day after the last day on which the Borrower was required to deliver the applicable Compliance Certificate in accordance with Section 5.18(g) and to remain in effect ...

Letter of Credit Fee Percentage means with respect to the Letters of Credit, a per annum rate equal to 2.75%.

Letter of Credit Fee Percentage means, as of the most recent Adjustment Date, the applicable percent per annum set forth in the pricing table set forth below corresponding to the Net Leverage Ratio for the Calculation Period: NET LEVERAGE RATIO LETTER OF CREDIT FEE PERCENTAGE Less than 0.50:1.00 1.50% Greater than or equal to 0.50:1.00 but less than 1.00:1.00 1.75% Greater than or equal to 1.00:1.00 but less than 1.50:1.00 2.00% Greater than or equal to 1.50:1.00 2.25% provided that for the period from the Closing Date through and including the first Adjustment Date following the Closing Date, the Letter of Credit Fee Percentage shall be 1.50%.

Letter of Credit Fee Percentage means with respect to any Letter of Credit issued by the Letter of Credit Issuer pursuant to the terms of this Agreement or any Credit Support issued hereunder, on any date of determination, a per annum percentage equal to the lesser of (a) one and one-half percent (1.50%), or (b) the Maximum Rate.