Applicable Unused Commitment Fee definition

Applicable Unused Commitment Fee means (a) initially 0.20% per annum and (b) from and after the First Grid Calculation Date, the “Unused Commitment Fee Percentage” set forth in the Pricing Grid in effect from time to time determined as set forth in the definition of Applicable Margin based upon the applicable Consolidated Total Net Leverage Ratio then in effect.
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Applicable Unused Commitment Fee means, as of any date, the applicable per annum rate shown in the applicable column in clause (vii) of Section 3.1.
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Applicable Unused Commitment Fee means a rate per annum equal to 0.375%; provided, that if, at any time, Axiall has satisfied the Ratings Requirement, the Applicable Unused Commitment Fee shall be determined in accordance with the corresponding percentages per annum as set forth below: Average Utilization Unused Commitment Fee Greater than or equal to 25% 0.250 % Less than 25% 0.375 % The Applicable Unused Commitment Fee shall be determined by the Administrative Agent and adjusted quarterly.
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Examples of Applicable Unused Commitment Fee in a sentence

  • Following the effectiveness of the ESG Amendment, any modification to the ESG Pricing Provisions which does not have the effect of reducing the Applicable Unused Commitment Fee Rate, Applicable Margin for Base Rate Loans consisting of Revolving Loans or Applicable Margin for Term SOFR Loans consisting of Revolving Loans to a level not otherwise permitted by this paragraph shall be subject only to the consent of the Requisite Revolving Credit Lenders.


More Definitions of Applicable Unused Commitment Fee

Applicable Unused Commitment Fee means, as of any date, the applicable per annum rate shown in the applicable column in Section 3.2.2 based on the then applicable Fixed Charge Coverage Ratio.
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Applicable Unused Commitment Fee means a percentage equal to 0.25% per annum.
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Applicable Unused Commitment Fee. Rate” in Section 1.1 of the Credit Agreement is amended by amending and restating the definition in its entirety to read as follows: “‘Applicable Unused Commitment Fee Rate’ means 0.25% per annum.”
Sample 1
Applicable Unused Commitment Fee means, as of any date, the applicable per annum rate shown in the applicable column of the chart set forth below: Applicable Cash Secured Advance Margin Applicable Regular Advance Margin Applicable LOC Fee Applicable Unused Commitment Fee 1.00 % 2.50 % 1.00 % 0.375 %
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Related to Applicable Unused Commitment Fee

  • Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Applicable Commitment Fee Rate shall mean 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 “Commitment Fee.”

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Available Unused Commitment means, with respect to a Revolving Facility Lender under any Class of Revolving Facility Commitments at any time, an amount equal to the amount by which (a) the applicable Revolving Facility Commitment of such Revolving Facility Lender at such time exceeds (b) the applicable Revolving Facility Credit Exposure of such Revolving Facility Lender at such time.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Unused Commitment means at any date, with respect to any Bank, an amount equal to its Commitment less the aggregate outstanding principal amount of its Syndicated Loans (but not its Money Market Loans).

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

  • Applicable Commitment Fee Rate means:

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed fiscal quarter as determined by Administrative Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including September 30, 2017, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.375% II < 50% ofthe Maximum Revolver Amount 0.50% The Applicable Unused Line Fee Percentage shall be re-determined on the first day of each fiscal quarter by Administrative Agent.

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Unused Commitments means an amount equal to all unadvanced funds (other than unadvanced funds in connection with any construction loan) which any third party is obligated to advance to Borrower or another Person or otherwise pursuant to any loan document, written instrument or otherwise.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Unused Fee has the meaning specified in Section 2.09(a).

  • Unused Line Fee has the meaning specified in Section 2.5.

  • Unused Facility Fee has the meaning specified in Section 2.09(a).