Common use of Applicable Margins and Fees Clause in Contracts

Applicable Margins and Fees. The Applicable Base Rate Margin, the Applicable LIBOR Margin, and Applicable Unused Line Fee Percentage shall be determined based on the Leverage Ratio as reported in the most recent Compliance Certificate (delivered to Administrative Agent pursuant to Section 8) by reference to Table 1 below: II >3.0 but less than 3.5 2.00% 3.50% 0.75% III >3.5 but less than 4.0 2.50% 4.00% 1.00% IV >4.0 3.00% 4.50% 1.25% Notwithstanding the foregoing, Level II rates shall apply for all Loans made from the Closing Date until Administrative Agent has received a Compliance Certificate, satisfactory in form and substance to Administrative Agent, for Borrower’s Fiscal Quarter ending December 31, 2009.

Appears in 1 contract

Sources: Credit Agreement (Willis Lease Finance Corp)

Applicable Margins and Fees. The Applicable Base Rate Margin, the Applicable LIBOR Margin, and Applicable Unused Line Fee Percentage shall be determined based on the Leverage Ratio as reported in the most recent Compliance Certificate (delivered to Administrative Agent pursuant to Section 8) by reference to Table 1 below: II >3.0 ³3.0 but less than 3.5 2.001.25% 3.502.75% 0.750.50% III >3.5 ³3.5 but less than 4.0 2.501.50% 4.003.00% 0.75% IV ³4.0 1.75% 3.25% 1.00% IV >4.0 3.00% 4.50% 1.25% Notwithstanding the foregoing, Level II rates shall apply for all Loans made from the Closing Date until Administrative Agent has received a Compliance Certificate, satisfactory in form and substance to Administrative Agent, for Borrower’s Fiscal Quarter ending December 31, 20092011.

Appears in 1 contract

Sources: Credit Agreement (Willis Lease Finance Corp)