Applicable Commitment Fee Clause Samples

Applicable Commitment Fee. For purposes of this Agreement, the ------------------------- term "Applicable Commitment Fee" shall mean the rate per annum set forth in the chart below which corresponds to the range of ratios in which the Borrower's Consolidated Senior Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: Consolidated Senior Indebtedness to Consolidated EBITDA Ratio Commitment Fee ------------------------------------------------------------------------------------------------ Less than 0.5 to 1.0 .15% ------------------------------------------------------------------------------------------------ Equal to or greater than 0.5 to 1.0, but less than 1.0 to 1.0 .175% ------------------------------------------------------------------------------------------------ Equal to or greater than 1.0 to 1.0 but less than or equal to 1.5 to 1.0 .20% ------------------------------------------------------------------------------------------------ Equal to or greater than 1.5 to 1.0 but less than or equal to 2.0 to 1.0 .225% ------------------------------------------------------------------------------------------------ Equal to or greater than 2.0 to 1.0 .25% ------------------------------------------------------------------------------------------------ All such adjustments shall be determined as of the date the Borrower's financial statements and Compliance Certificate are required to be delivered to the Lenders pursuant to items (a), (b) and (c) of Section 6.02. The foregoing notwithstanding, the Applicable Commitment Fee from the Closing Date to and including the December 1998 Delivery Date shall be .15%. All Commitment Fees shall be payable (i) quarterly in arrears beginning December 31, 1998, and continuing on the last Business Day of each Fiscal Quarter occurring during the term of the Revolving Credit Commitment, (ii) upon the Expiration Date and (iii) upon acceleration of the Notes.
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Applicable Commitment Fee. The percentage (expressed in basis points) determined from time to time based upon the ratio of the Borrower’s Consolidated Total Indebtedness to the Borrower’s Consolidated EBITDA which corresponds to the range of ratios in which the Borrower’s Consolidated Total Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: Less than 1.50 to 1.0 0.25 % Greater than or equal to 1.50 to 1.0 but less than 2.75 to 1.0 0.375 % Greater than or equal to 2.75 to 1.0 0.50 % All such adjustments shall be determined as of the date that the Borrower’s quarterly financial statements and Compliance Certificate are delivered to the Bank pursuant to Sections 5.2a, 5.2b and 5.2c.
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Applicable Commitment Fee. For purposes of this Agreement, the term "LONG-TERM APPLICABLE COMMITMENT FEE" shall mean the rate per annum set forth in the chart below which corresponds to the range of ratios in which the Borrower's Consolidated Total Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: Long-Term Consolidated Total Indebtedness Applicable to Consolidated EBITDA Ratio Commitment Fee ---------------------------- -------------- Less than or equal to 1.5 to 1.0 .25% Greater than 1.5 to 1.0 but less than or equal to 2.0 to 1.0 .30% Greater than 2.0 to 1.0 but less .375% than or equal to 2.5 to 1.0 Greater than 2.5 to 1.0 .50% All such adjustments shall be determined as of the date the Borrower's quarterly financial statements and Compliance Certificate are required to be delivered to the Lenders pursuant to items (i) and (iii) of Section 6.02. The foregoing notwithstanding, (i) the Long-Term Applicable Commitment Fee from the Closing Date to and including the September 1998 Delivery Date shall be .20%, (ii) the Short-Term Applicable Commitment Fee from the Closing Date to and including the September 1998 Delivery Date shall be .10%, (iii) the Short-Term Applicable Commitment Fee from the First Amendment Effective Date to and including the June 1999 Delivery Date shall be .20%, and (iv) the Long-Term Applicable Commitment Fee from the Second Amendment Effective Date to and including the June 2000 Delivery Date shall be .30%. All Commitment Fees shall be payable (i) quarterly in arrears beginning December 31, 1998, and continuing on the last Business Day of each Fiscal Quarter occurring during the term of the Long-Term Revolving Credit Commitment or the Short-Term Revolving Credit Commitment, as appropriate, (ii) upon the relevant Expiration Date and (ii) upon acceleration of the Notes.
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Applicable Commitment Fee. The applicable Commitment Fee set forth in the ------------------------- following table: APPLICABLE LEVERAGE RATIO COMMITMENT FEE less than 2.50:1 0.25% per annum greater than or equal to 2.50:1 but less than 0.30% per annum 3.00:1 greater than or equal to 3.00:1 but less than 0.35% per annum 3.50:1 greater than or equal to 3.50:1 0.375% per annum The effective date of a change in the Applicable Commitment Fee shall be the earlier of (a) forty-five (45) days after the end of a fiscal quarter, or (b) the first day after receipt by the Lenders of financial statements delivered pursuant to (S)7.4(a) or (b) hereof which indicate a change in the Leverage Ratio and in the Applicable Commitment Fee in accordance with the above table. Notwithstanding the foregoing, until receipt by the Lenders of financial statements delivered pursuant to (S)7.4(a) or (b) hereof for the fiscal quarter ended March 31, 1996, the Applicable Commitment Fee shall be 0.3% per annum. If at the time of calculation of the Commitment Fee the most recent financial statements required to be delivered pursuant to (S)7.4(a) or (b) hereof have not been delivered, the Applicable Commitment Fee shall be 0.375, subject to adjustment upon actual receipt of such financial statements.
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Applicable Commitment Fee. For purposes of this ------------------------- Agreement, the term "Applicable Commitment Fee" shall mean the rate per annum set forth in the chart below which corresponds to the range of ratios in which the Borrowers' Consolidated Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: --------------------------------------------------------------------- Consolidated Indebtedness Commitment Fee to Consolidated EBITDA Ratio --------------------------------------------------------------------- Less than 2.0 to 1.0 .25% ---------------------------------------------------------------------
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Applicable Commitment Fee. The chart in clause (b) in the definition of “Applicable Commitment Fee Percentage” is revised to read as follows: Tandy Brands Accessories, Inc. — Fifth Amendment 1 Less than 1.00 to 1.00 0.20 % Greater than or equal to 1.00 to 1.00 but less than 2.00 to 1.00 0.25 % Greater than or equal to 2.00 to 1.00, but less than 2.50 to 1.00 0.30 % Greater than or equal to 2.50 to 1.00, but less than 3.00 to 1.00 0.375 % Greater than or equal to 3.00 to 1.00 0.375 %* *Applicable from Effective Date of Fifth Amendment through Review Date.
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Applicable Commitment Fee. The chart in clause (b) in the definition of “Applicable Commitment Fee Percentage” is revised to read as follows: Less than 1.00 to 1.00 0.20 % Greater than or equal to 1.00 to 1.00 but less than 2.00 to 1.00 0.25 % Greater than or equal to 2.00 to 1.00, but less than 2.50 to 1.00 0.30 % Greater than or equal to 2.50 to 1.00, but less than 3.00 to 1.00 0.375 % Greater than or equal to 3.00 to 1.00 0.375 %* * Applicable from Effective Date of Fourth Amendment through Review Date.
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Applicable Commitment Fee. For purposes of this Agreement, the term "APPLICABLE COMMITMENT FEE" shall mean the rate per annum set forth in the chart below which corresponds to the range of ratios in which the Borrower's Consolidated Total Indebtedness to Consolidated EBITDA Ratio, as at the end of the preceding fiscal quarter, falls: All such adjustments shall be determined as of the date the Borrower's financial statements and Compliance Certificate are required to be delivered to the Agent pursuant to items (i), (ii) and (iii) of Section 6.02. The foregoing notwithstanding, the Applicable Commitment Fee from the Closing Date to and including the December 1998 Delivery Date shall be .225%. All Commitment Fees shall be payable (i) quarterly in arrears beginning March 31, 1999, and continuing on the last Business Day of each Fiscal Quarter occurring during the term of the Revolving Credit Commitment, (ii) upon the Expiration Date and (iii) upon acceleration of the Notes.
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Applicable Commitment Fee. For each calendar quarter or portion thereof, the Applicable Commitment Fee shall be the applicable commitment fee at a rate per annum set forth below with respect to the Commitment Fee Percentage, as determined for such calendar quarter or portion thereof. APPLICABLE MARGIN. For each period commencing on an Adjustment Date through the date immediately preceding the next Adjustment Date (each a "RATE ADJUSTMENT PERIOD"), the Applicable Margin shall be the applicable margin set forth below for Base Rate Loans or Eurocurrency Rate Loans, as the case may be, denominated in Dollars or in Pounds Sterling or Euros, as the case may be, with respect to the Fixed Charge Coverage Ratio, as determined for the Reference Period of the Borrowers and its Subsidiaries ending on the fiscal quarter ended immediately prior to the applicable Rate Adjustment Period.
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Related to Applicable Commitment Fee

  • Commitment Fee The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender under each Facility in accordance with its Pro Rata Share or other applicable share provided for under this Agreement, a commitment fee in Dollars equal to the Applicable Rate with respect to Revolving Credit Loan commitment fees, times the actual daily amount by which the aggregate Revolving Credit Commitment for the applicable Facility exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans for such Facility and (B) the Outstanding Amount of L/C Obligations for such Facility; provided that any commitment fee accrued with respect to any of the Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender, except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time; and provided, further, that no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee on each Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Commitments, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date during the first full fiscal quarter to occur after the Closing Date and on the Maturity Date for the Revolving Credit Commitments. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Unused Commitment Fee Borrower shall pay to Bank a fee equal to ten-hundredths percent (0.10%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a calendar quarter basis by Bank and shall be due and payable by Borrower in arrears on the last day of each September, December, March and June.

  • Commitment Fees, etc (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the date hereof. (b) The Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the dates as set forth in any fee agreements with the Administrative Agent and to perform any other obligations contained therein.

  • Unused Facility Fee A quarterly Unused Facility Fee equal to one quarter of one percent (0.25%) per annum of the difference between the Revolving Line and the average outstanding principal balance of Advances during the applicable quarter, which fee shall be payable within five (5) days of the last day of each such quarter and shall be nonrefundable; and

  • Facility Fee The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Pro Rata Share, a facility fee (the “Facility Fee”) equal to the Applicable Rate times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.17. The Facility Fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The Facility Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.