Applicable Commitment Fee

Applicable Commitment Fee. Means (a) prior to the First Amendment Effective Date, .375% per annum and (b) on and following the First Amendment Effective Date the applicable percentage set forth below corresponding to the relevant Leverage Ratio: -2- Leverage Applicable Commitment Ratio Fee Margin -------- ---------- ... GREATER THAN 3.0:1 .500% LESS THAN OR EQUAL TO 3.0:1 .375% Notwithstanding anything to the contrary set forth in this Agreement (including the then effective Leverage Ratio), the Applicable Commitment Fee from the First Amendment Effective Date through (and including) the date on which the Compliance Certificate for the Fiscal Quarter ending December 31, 2000 is delivered shall be .5%. The Leverage Ratio used to compute the Applicable Commitment Fee shall be that set forth in the Compliance Certificate most recently delivered by the Borrower to the Administrative Agent pursuant to CLAUSE (c) of SECTION 7.1.1. Changes in the Applicable Commitment Fee resulting from a change in the Leverage Ratio shall become effective upon delivery by the Borrower to the Administrative Agent of a new Compliance Certificate pursuant to CLAUSE (c) of SECTION 7.1.1 following the Fiscal Quarter ending December 31, 2000. If the Borrower shall fail to deliver a Compliance Certificate within 45 days after the end of any Fiscal Quarter (or within 90 days, in the case of the last Fiscal Quarter of the Fiscal Year), the Applicable Commitment Fee from and including the 46th (or 91st, as the case may be) day after the end of such Fiscal Quarter to but not including the date the Borrower delivers to the Administrative Agent a Compliance Certificate shall conclusively equal the highest Applicable Commitment Fee set forth above. View More

Applicable Commitment Fee. Means (a) prior to the Third Amendment Effective Date, the fee calculated in accordance with the Existing Credit Agreement as in effect immediately prior to the Third Amendment Effective Date, and (b) on and following the Third Amendment Effective Date, 0.75% per annum.

Applicable Commitment Fee. Means 0.500% per annum.