Commitment Fee Factor definition

Examples of Commitment Fee Factor in a sentence

• The Administrative Agent shall send notice of any change in the Margin or Commitment Fee Factor to the Obligors and the Syndication Parties; provided that failure to give such notice shall not affect the validity of such change.

• The LIBOR Margin, the Base Rate Margin, and the Commitment Fee Factor shall be determined pursuant to the table below (expressed in basis points) based on the ratio of the Consolidated Entities’ Total Funded Debt to EBITDA (“Debt/EBITDA Ratio”) as of the immediately preceding Fiscal Quarter end.

• As used herein, the "Commitment Fee Factor" for a given day shall be determined as set forth in Section 2.10 of the Credit Agreement.

• The Commitment Fee for each such period shall be equal to (a) the average daily unused portion of the Commitment during such period, (b) multiplied by the average daily Commitment Fee Factor in effect during such period, as converted to a daily rate using a year of 360 days, (c) with the product thereof being further multiplied by the number of days in such period.

• Subject to any corrections to such Compliance Certificate required by the Administrative Agent based on an audit thereof, the LIBOR Margin, Base Rate Margin, and the Commitment Fee Factor shall be set effective as of the date of the Administrative Agent’s receipt of such Compliance Certificate.

• The initial LIBOR Margin, Base Rate Margin, and Commitment Fee Factor shall be determined on the basis of the Closing Compliance Certificate which shall be delivered by Borrower at least three (3) Banking Days prior to the initial 3-Year Advance, and any failure to deliver such required Closing Compliance Certificate by Borrower shall result in the application of Pricing Tier I below.

• The “Daily 364-Day Commitment Fee Factor” 48; shall be determined by dividing the 364-Day Commitment Fee Factor in effect for any day by 360.

• In the event the Administrative Agent does not receive such Compliance Certificate on or before the deadline therefor pursuant to Subsection 9.2.2, the LIBOR Margin, Base Rate Margin, and the Commitment Fee Factor shall be set effective as of such deadline at Pricing Tier I until five (5) Banking Days after such Compliance Certificate is received.

• The Company shall pay to ING an unused commitment fee (the "Unused Commitment Fee") payable in arrears by the fifteenth day of the month following the last day of each calendar quarter of the Company in an amount equal to the product of (i) the Unused Commitment Fee Factor in effect on such date and (ii) the difference between the then current Series B Commitment Amount less the then average daily outstanding Series B Revolving Loans during such quarter.

• The 364-Day Commitment Fee for each quarter for each Syndication Party shall be determined by multiplying the amount of such Syndication Party’s Individual 364-Day Lending Capacity for each day during such quarter rter by the Daily 364-Day Commitment Fee Factor in effect on such day.