Non-Usage Fee. The Borrower shall pay in accordance with Section 2.04, pro rata to each Lender, a non-usage fee (the “Non-Usage Fee”) payable in arrears for each Remittance Period, equal to the sum of the products for each day during such Remittance Period of (i) one divided by 360, (ii) the applicable Non-Usage Fee Rate, and (iii) the positive difference, if any, of the aggregate Commitments then in effect minus the greater of (x) the Advances Outstanding on such day and (y) the Minimum Utilization.
Appears in 2 contracts
Samples: Loan and Servicing Agreement (Oaktree Strategic Credit Fund), Loan and Servicing Agreement (Oaktree Strategic Credit Fund)
Non-Usage Fee. The Borrower shall pay in accordance with Section 2.04, pro rata to each Lender, a non-usage fee (the “Non-Usage Fee”) payable in arrears for each Remittance Period, equal to the sum of the products for each day during such AmericasActive:18709990.5 Remittance Period of (i) one divided by 360, (ii) the applicable Non-Usage Fee Rate, and (iii) the positive difference, if any, of the aggregate Commitments then in effect minus the greater of (x) the Advances Outstanding on such day and (y) such amount, the Minimum Utilization“Unused Portion”).
Appears in 2 contracts
Samples: Loan and Servicing Agreement (Oaktree Strategic Credit Fund), Loan and Servicing Agreement (Oaktree Strategic Credit Fund)
Non-Usage Fee. The Borrower shall pay in accordance with Section 2.04, pro rata to each Lender, a non-usage fee (the “Non-Usage Fee”) payable in arrears for each Remittance Period, equal to the sum of the products for each day during such Remittance Period of (i) one divided by 360, (ii) the applicable Non-Usage Fee Rate, and (iii) the positive difference, if any, of the aggregate Commitments then in effect minus the greater of (x) the Advances Outstanding on such day and (y) such amount, the Minimum Utilization“Unused Portion”).
Appears in 1 contract
Samples: Loan and Servicing Agreement (Oaktree Strategic Credit Fund)