Commitment Fee Rate

Commitment Fee Rate. For any day, a rate per annum equal to 0.50%.

Commitment Fee Rate. Means, at any time, the percentage per annum set forth below for the Commitment Fee, as determined by reference to the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate at any time received by the Administrative Agent (a) on the Closing Date, or (b) thereafter pursuant to Section 6.02(b): Commitment Fee Rate PricingLevel Consolidated LeverageRatio Commitment Fee 1 1.50:1 0.500 % 2 1.50:1 but 2.50:1 0.625 % 3 2.50:1 0.750 % Any increase or decrease in the... the Commitment Fee Rate resulting from a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day immediately following the applicable Start Date; provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then Pricing Level 3 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered (until the first Business Day after the date which such Compliance Certificate is actually delivered which demonstrates another Pricing Level is applicable). Notwithstanding anything to the contrary contained in this definition, the determination of the Commitment Fee Rate for any period shall be subject to the provisions of Section 2.10(b) and (c). View More

Commitment Fee Rate. ‘Commitment Fee Rate' means, for any day, the rate per annum set forth in the Commitment Fee Rate grid below based on the Borrowing Base Utilization Percentage then in effect: Commitment Fee Rate Grid Borrowing Base Utilization Percentage Commitment Fee Rate <50% 0.375 % >50% 0.500 %

Commitment Fee Rate. The percentage per annum set forth below for the Commitment Fee, as determined by reference to the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate at any time received by the Administrative Agent pursuant to Section 6.02(b) (or, prior to the date of the Administrative Agent's receipt of the first Compliance Certificate pursuant to Section 6.02(b), the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(b) of the... Existing Credit Agreement) View More

Commitment Fee Rate. 0.35 %