Applicable Facility Fee Rate

Applicable Facility Fee Rate. Means, while any particular Rating Level applies, the rate per annum set forth below opposite the reference to such Rating Level: Rating Level Applicable Facility Fee Rate Rating Level 1 0.070% Rating Level 2 0.100% Rating Level 3 0.125% -2- Rating Level 4 0.150% Rating Level 5 0.175% provided that if at any time the Debt Ratings of Moody's and S&P would lead to different Rating Levels, the "Applicable Facility Fee Rate" will be determined based on the Rating... Level one above the lower Rating Level (Rating Level 1 being the highest and Rating Level 5 being the lowest). Each change in the Applicable Facility Fee Rate resulting from a Rating Level Change shall be effective on the date on which such Rating Level Change is first announced by Moody's or S&P, as the case may be. View More