Revolving Commitment Fee Percentage definition

Revolving Commitment Fee Percentage means 0.375% per annum.
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Revolving Commitment Fee Percentage means (i) in respect of the Initial Revolving Credit Facility, a percentage per annum equal to: (a) from the Closing Date until the first Business Day that immediately follows the date on which a Compliance Certificate is delivered pursuant to Section 6.02(a) in respect of the first full fiscal quarter ending after the Closing Date, 0.50% per annum and (b) thereafter, the applicable percentage per annum set forth below, as determined by reference to the First Lien Net Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a)): Pricing Level First Lien Net Leverage Ratio Revolving Commitment Fee Percentage 1 > 3.50:1.00 0.500% 2 £ 3.50:1.00 and > 3.00:1.00 0.375% 3 £ 3.00:1.00 0.250% and (ii) in respect of any Incremental Revolving Credit Tranche, the percentage per annum set forth in the Incremental Commitments Amendment with respect thereto. Any increase or decrease in the Revolving Commitment Fee Percentage resulting from a change in the First Lien Net Leverage Ratio shall become effective as of the Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided, however, that “Pricing Level 1” shall apply (x) as of the first Business Day at any time after the date on which a Compliance Certificate was required to have been delivered but was not delivered (or was delivered but did not contain the calculations of the First Lien Net Leverage Ratio) until the first Business Day immediately following the date on which such Compliance Certificate (which includes calculations of the First Lien Net Leverage Ratio) is delivered and (y) at all times during the existence of an Event of Default. Notwithstanding anything to the contrary contained in this definition, the determination of the Revolving Commitment Fee Percentage for any period shall be subject to the provisions of Section 2.10(b).
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Revolving Commitment Fee Percentage means, as at any date of determination, a rate per annum equal to 0.50%.
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Examples of Revolving Commitment Fee Percentage in a sentence

  • The Borrower shall pay to the Agent for the account of each Revolving Lender in accordance with its Revolving Credit Facility Applicable Percentage, a commitment fee (the “Revolving Commitment Fee”) equal to the Revolving Commitment Fee Percentage multiplied by the actual daily amount by which the aggregate Revolving Commitments exceed the Total Revolving Outstandings excluding outstanding Swing Line Loans (subject to adjustment as provided in Section 2.13) during the immediately preceding quarter.

  • The Borrowers shall pay, or cause to be paid, to the Administrative Agent for the account of each Revolving Lender in accordance with its Pro Rata Share, an unused fee equal to the product of (i) the Revolving Commitment Fee Percentage times (ii) the average daily amount by which the total Revolving Commitments exceed the sum of (y) the total outstanding amount of Revolving Loans (excluding Swingline Loans) and (z) the total Letter of Credit Liabilities.

  • Revolving Commitment Fee Percentage shall be determined in accordance with this this Agreement prior to giving effect to the Second Amendment.

  • The Domestic Borrowers shall pay to the Agent for the account of each Domestic Revolving Lender in accordance with its Applicable Percentage, a commitment fee equal to the Revolving Commitment Fee Percentage multiplied by the average daily amount by which the Domestic Revolving Commitments exceed the sum of the Domestic Revolving Loans, the L/C Obligations with respect to Domestic Letters of Credit and the outstanding Swing Line Loans.

  • Commitment Fees: Subject to “Changes in Commitment Fees” below, the Revolving Commitment Fee Percentage (as defined in the Fee Letter) per annum on the average daily undrawn portion of the commitments in respect of the Revolving Facility, payable quarterly in arrears after the Closing Date and upon the termination of the commitments, calculated based on the number of days elapsed in a 360-day year.

  • The Borrower shall pay to the Agent, for the ratable account of the Lenders, a fee equal to the Revolving Commitment Fee Percentage multiplied by the difference between the Revolving Commitment and the average daily outstanding principal balance of the Revolving Loans (the “Revolving Commitment Fee”).

  • The Borrower shall pay to the Agent for the account of each Revolving Lender in accordance with its Revolving Credit Facility Applicable Percentage, a commitment fee (the “Revolving Commitment Fee”) equal to the Revolving Commitment Fee Percentage multiplied by the actual daily amount by which the aggregate Revolving Commitments exceed the Total Revolving Outstandings (subject to adjustment as provided in Section 2.13) during the immediately preceding quarter.

  • Furthermore no change in the Base Rate shall be determined without regard to clause (b) of the preceding sentence until the Applicable Revolving Commitment Fee Percentage to Level II shall be effective if at the time of circumstances giving rise to such inability no longer exist.


More Definitions of Revolving Commitment Fee Percentage

Revolving Commitment Fee Percentage means 0.25% per annum. “Revolving IP Advance Rate” shall mean the percentages set forth below:
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Revolving Commitment Fee Percentage means one quarter of one percent (0.25%) per annum. “Revolving IP Advance Rate” shall mean forty-five percent (45%).
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Revolving Commitment Fee Percentage means, on any date of determination, (a) at any time the Revolving Commitment Utilization is less than twenty-five percent (25%), an amount equal to 0.75% per annum, (b) at any time the Revolving Commitment Utilization is equal to or greater than twenty-five percent (25%), but not more than fifty percent (50%), an amount equal to 0.50% per annum, and (c) at any time the Revolving Commitment Utilization is greater than fifty percent (50%), an amount equal to 0.375% per annum.
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Revolving Commitment Fee Percentage means one quarter of one percent (0.25%) per annum.
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Revolving Commitment Fee Percentage means, [***]
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Revolving Commitment Fee Percentage means 0.75% per annum.
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Related to Revolving Commitment Fee Percentage

  • 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 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 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • 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.

  • Facility Fee Percentage means the applicable percentage per annum ----------------------- determined, at any time, based on the range into which Borrower's Credit Rating (if any) then falls, in accordance with the following tables. Any change in the Facility Fee Percentage shall be effective immediately as of the date on which any of the rating agencies announces a change in the Borrower's Credit Rating or the date on which the Borrower has no Credit Rating, whichever is applicable. The Facility Fee Percentage during the time, from time to time, that the Borrower maintains an Investment Grade Credit Rating by either Xxxxx'x or S&P shall be as follows: Range of Borrower's Credit Rating Percentage of S&P/Moody's Ratings Maximum Credit Amount ------------------- --------------------- below BBB-/Baa3 0.00% BBB-/Baa3 0.20% BBB/Baa2 0.20% BBB+/Baa1 0.15% A-/A3 0.15% If at any time the Borrower has a Credit Rating by both Moody's and S&P which Credit Ratings are split, then: (A) if the difference between such Credit Ratings is one ratings category (e.g. Baa2 by Moody's and BBB- by S&P), the Facility Fee Percentage shall be the rate per annum that would be applicable if the highest of the Credit Ratings were used; and (B) if the difference between such Credit Ratings is two ratings category (e.g. Baa1 by Moody's and BBB- by S&P), the Facility Fee Percentage shall be the rate per annum that would be appli- cable if the median of the applicable Credit Ratings is used.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

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

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

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

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender, the percentage of the total Revolving Facility Commitments represented by such Lender’s Revolving Facility Commitment. If the Revolving Facility Commitments have terminated or expired, the Revolving Facility Percentages shall be determined based upon the Revolving Facility Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04.

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

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Applicable Commitment Fee Rate means:

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • 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

  • Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).

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

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.