Unused Commitment Fee Rate definition

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

Unused Commitment Fee Rate means 0.375% per annum.

Unused Commitment Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

Examples of Unused Commitment Fee Rate in a sentence

• Accruing from the Closing Date until the Term Loan Commitment Termination Date, the Borrowers agree to pay to the Lender a nonrefundable unused commitment fee (the “Unused Commitment Fee”) equal to the Unused Commitment Fee Rate (computed on the basis of a year of 360 days and actual days elapsed) multiplied by the average daily difference between (i) the Term Loan Amount and (ii) the aggregate principal amount of Term Loans actually funded under the Term Loan Facility.

• Any increase or decrease in the Applicable Margin, the Applicable Revolving Unused Commitment Fee Rate or the Applicable Letter of Credit Fee Rate computed as of a quarter end shall be effective no later than five Business Days following the date on which the Compliance Certificate evidencing such computation is delivered under Section 6.1(c).

• Accruing from the Closing Date until the Term Loan Commitment Termination Date, the Borrowers agree to pay to the Lender a nonrefundable unused commitment fee (the “Unused Commitment Fee”) equal to the Unused Commitment Fee Rate (computed on the basis of a year of 360 days and actual days elapsed) multiplied by the average daily difference between (i) the Term Loan Amount and (ii) the aggregate principal amount of Term Loans actually funded under the Term Loan Facility.

• The Applicable Margin, the Applicable Revolving Unused Commitment Fee Rate and the Applicable Letter of Credit Fee Rate shall be recomputed as of the end of each fiscal quarter ending after the Closing Date based on the Total Net Leverage Ratio as of such quarter end.

• The Applicable Margin, the Applicable Revolving Unused Commitment Fee Rate and the Applicable Letter of Credit Fee Rate shall be set at Level III until receipt of the financial statements for the fiscal quarter ending September 30, 2018 and corresponding Compliance Certificate.

More Definitions of Unused Commitment Fee Rate

Unused Commitment Fee Rate means the applicable percentage set forth below the column entitled “Unused Commitment Fee Rate” in the table in the definition of “Applicable Margin”.

Unused Commitment Fee Rate means (a) for the period commencing on the Amendment No. 1 Effective Date and ending on the date falling six (6) months after the Amendment No. 1 Effective Date, 0.438% per annum and (ii) thereafter, a per annum rate equal to the rate set forth below opposite the applicable Available Credit set forth below: AVAILABLE CREDIT UNUSED COMMITMENT FEE RATE Greater than or equal to $550,000,000 0.500 % Less than $550,000,000 and greater than or equal to $300,000,000 0.438 % Less than $300,000,000 0.375 % Changes in the Unused Commitment Fee Rate resulting from a change in the Available Credit shall become effective as to all Revolving Loans and Swing Loans upon delivery by the Borrower to the Administrative Agent of a new Borrowing Base Certificate pursuant to Section 6.9(a) (Borrowing Base Determination). Notwithstanding anything to the contrary set forth in this Agreement (including the then effective Available Credit), if the Borrower shall fail to deliver such Borrowing Base Certificate within any of the time periods specified in Section 6.9(a) (Borrowing Base Determination), the Unused Commitment Fee Rate from and including the 20th day after the end of such fiscal month or, during a Liquidity Event Period, the 5th Business Day after the end of such week, as the case may be, to but not including the date the Borrower delivers to the Administrative Agent such Borrowing Base Certificate shall remain equal to the Unused Commitment Fee Rate in effect immediately prior to the 20th day after the end of such fiscal month or, during a Liquidity Event Period, the 5th Business Day after the end of such week, as the case may be.

Unused Commitment Fee Rate means 1.25% per annum.

Unused Commitment Fee Rate means, for any day, a percentage per annum equal to 0.20% per annum.

Unused Commitment Fee Rate shall be:

Unused Commitment Fee Rate means 0.50% per annum.

Unused Commitment Fee Rate means the unused commitment fee rate determined as provided in the definition of “Applicable Margin”.