Applicable Letter of Credit Fee Rate definition

Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

Applicable Letter of Credit Fee Rate means, as of any date of determination, the then effective Applicable Eurodollar Rate Margin.

Applicable Letter of Credit Fee Rate means, at any time, with respect to Letters of Credit, the percentage rate per annum which is applicable at such time as set forth in the Pricing Schedule.

Examples of Applicable Letter of Credit Fee Rate in a sentence

• The Borrower shall pay (i) to the Administrative Agent for the ratable account of the Revolving Lenders in their capacities as such a fee (the “Letter of Credit Fee”) equal to the Applicable Letter of Credit Fee Rate on the daily amount available to be drawn under each Letter of Credit, and (ii) to each Issuing Lender for its own account a fronting fee equal to 0.125% per annum on the daily amount available to be drawn under each Letter of Credit issued by such Issuing Lender.

• The Borrower shall pay (i) to the Administrative Agent for the ratable account of the Lenders a fee (the “Letter of Credit Fee”) equal to the Applicable Letter of Credit Fee Rate on the daily amount available to be drawn under each Letter of Credit, and (ii) to each Issuing Lender for its own account a fronting fee equal to 0.125% per annum on the daily amount available to be drawn under each Letter of Credit issued by such Issuing Lender.

More Definitions of Applicable Letter of Credit Fee Rate

Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Total Leverage Ratio according to the applicable table on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

Applicable Letter of Credit Fee Rate means, for any day, the Applicable Margin for Revolving Eurodollar Loans of Revolving Lenders.

Applicable Letter of Credit Fee Rate means, at any time, a rate per annum equal to the Applicable Margin for Eurodollar Rate Advances in effect at such time.

Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio as of the most recent fiscal quarter ended according to the pricing grid on Schedule 1.1(A) below the heading "Letter of Credit Fee." Applicable Margin shall mean, as applicable:

Applicable Letter of Credit Fee Rate means, for any date, with respect to Letters of Credit issued pursuant to or governed by the terms of this Agreement, the applicable per annum Letter of Credit Fee Rate set forth on the Pricing Schedule.

Applicable Letter of Credit Fee Rate means, at any time, with respect to Letters of Credit, the percentage rate per annum which is applicable at such time as set forth in the Pricing Schedule; provided that the “Applicable Letter of Credit Fee Rate” shall be the rate per annum set forth in Category 2 during the period from the Closing Date to, and including, the date on which the Administrative Agent receives the financial statements and Compliance Certificate required to be delivered pursuant to Sections 6.1(a)(ii) and (iv) with respect to the fiscal quarter of the Parent ending March 31, 2021.

Applicable Letter of Credit Fee Rate see Schedule 1.01(a).