Applicable Unused Fee Rate definition

Applicable Unused Fee Rate means 0.375%.

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Applicable Unused Fee Rate means, for any Type of Loans the following percentages per annum:

Applicable Unused Fee Rate appearing in Section 1.1. of the Credit Agreement is hereby amended in its entirety to read as follows:

Examples of Applicable Unused Fee Rate in a sentence

The US Borrower shall pay to the Administrative Agent for the Pro Rata benefit of the US Lenders, a fee equal to the product of the Applicable Unused Fee Rate times the amount by which the Total Revolver Commitments exceed the average daily balance of the Total Revolver Outstandings (excluding Swingline Loans) during any calendar quarter.
In no event shall the Applicable Unused Fee Rate be decreased pursuant to this Section 2.07 if a Default is in existence on the Unused Fee Determination Date.
Not more than ten (10) Business Days after the first day of each calendar quarter, the Administrative Agent shall determine the Applicable Unused Fee Rate for such calendar quarter (which shall be effective as of the first calendar day of such calendar quarter) based on the average daily level of Total Revolver Outstandings (excluding Swingline Loans) during the prior calendar quarter.
Borrower agrees to pay to Agent for the benefit of each Lender an unused fee (the “Unused Fee”) for the Commitment Period, computed at the Applicable Unused Fee Rate per annum on the average daily unused amount of each Lender’s Commitment during the Commitment Period, payable quarterly in arrears and due on the fifth (5th) calendar day of each calendar quarter and on the last day of the Commitment Period, commencing on the first of such dates to occur after the Agreement Date.
Borrower agrees to pay to Agent for the benefit of each Lender an unused fee (the "Unused Fee") for the Commitment Period, computed at the Applicable Unused Fee Rate per annum on the average daily unused amount of each Lender's Commitment during the Commitment Period, payable quarterly in arrears and due on each Quarterly Payment Date and on the last day of the Commitment Period, commencing on the first of such dates to occur after the date of this Agreement.

More Definitions of Applicable Unused Fee Rate

Applicable Unused Fee Rate means the following percentages per annum, based upon the Total Leverage Ratio as set forth in the most recent Compliance Certificate received by Lender pursuant to this Agreement: Greater than or equal to 2.75 to 1.00 (“Level 1”) 0.500% 0.500% 3.000% Greater than or equal to 2.25 to 1.00 but less than 2.75 to 1.00 (“Level II”) 0.500% 0.250% 2.750% Greater than or equal to 1.75 to 1.00 but less than 2.25 to 1.00 (“Level III”) 0.500% 0.250% 2.500% Greater than or equal to 1.25 to 1.00 but less than 1.75 to 1.00 (“Level IV”) 0.500% 0.250% 2.250% Less than 1.25 to 1.00 (“Level V”) 0.500% 0.250% 2.000%

Applicable Unused Fee Rate means 35 basis points.

Applicable Unused Fee Rate means, for any day with respect to the Unused Fee, the applicable rate per annum set forth below, based upon the Unused Fee Ratio in the table below: Level I £ 50% 50 Level II > 50% 35

Applicable Unused Fee Rate shall be determined quarterly based upon the ratio of Consolidated Funded Debt to EBITDA (calculated as of the last day of each Fiscal Quarter) as follows: If the Ratio of Consolidated Applicable Funded Debt to EBITDA is Unused Fee Rate ---------------------------- --------------- Greater than or equal to 3.00 .15% Greater than or equal to 2.50 .125% but less than 3.00 Greater than or equal to 2.00 but less than 2.50 .100% Greater than or equal to 1.5 but less than 2.0 .08% Less than 1.5 .07% The Applicable Unused Fee Rate shall be determined effective as of the date (herein, the "Unused Fee Determination Date") which is 50 days after the last day of the Fiscal Quarter as of the end of which the foregoing ratio is being determined, based on the quarterly financial statements for such Fiscal Quarter, and the Applicable Unused Fee Rate so determined shall remain effective from such Unused Fee Determination Date until the date which is 50 days after the last day of the Fiscal Quarter in which such Unused Fee Determination Date falls (which latter date shall be a new Unused Fee Determination Date); provided that (i) for the period from and including the Closing Date to but excluding the Unused Fee Determination Date next following the Closing Date, the Applicable Unused Fee Rate shall be .07%; (ii) in the case of any Applicable Unused Fee Rate determined for the fourth and final Fiscal Quarter of a Fiscal Year, the Unused Fee Determination Date shall be the date which is 100 days after the last day of such final Fiscal Quarter and such Applicable Unused Fee Rate shall be determined based upon the annual audited financial statements of the Fiscal Year ended on the last day of such final Fiscal Quarter, and (iii) if on any Unused Fee Determination Date the Borrower shall have failed to deliver to the Banks the financial statements required to be delivered pursuant to Section 5.01(a) or Section 5.01(b) with respect to the Fiscal Year or Fiscal Quarter, as the case may be, most recently ended prior to such Unused Fee Determination Date, then for the period beginning on such Unused Fee Determination Date and ending on the earlier of (A) the date on which the Borrower shall deliver to the Banks the financial statements to be delivered pursuant to Section 5.01(b) with respect to such Fiscal Quarter or any subsequent Fiscal Quarter, and (B) the date on which the Borrower shall deliver to the Banks annual financial statements required to be delivered pursuant to Sectio...

Applicable Unused Fee Rate means, as at any date of determination, the rate per annum indicated in Section 2.5(b) hereof as then applicable in the determination of the Unused Fee (under Section 2.4 hereof).

Applicable Unused Fee Rate means, as of any date of determination, (i) at all times when the Total Outstandings are less than 50% of the aggregate Commitments, a rate per annum equal to 4.0%, (ii) at all times when the Total Outstandings are greater than or equal to 50% of the aggregate Commitments, but are less than 75% of the aggregate Commitments, a rate per annum equal to 3.0%, and (iii) at all times when the Total Outstandings are greater than or equal to 75% of the aggregate Commitments, a rate per annum equal to 2.0%.

Applicable Unused Fee Rate means, for each applicable period, 0.25%.

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