Common use of Applicable Commitment Fee Clause in Contracts

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.

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 1.5 to 1.0 0.25 % Greater than or equal to 1.50 1.5 to 1.0 but less than 2.75 or equal to 3.0 to 1.0 0.375 % Greater than or equal to 2.75 3.0 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.