Undrawn Fees. No Defaulting Lender shall be entitled to receive any Undrawn Fee for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).
Undrawn Fees. The City agrees to pay to the Lender, in immediately available funds, for the period from and including the Effective Date to and including the earlier of the Maturity Date and the date the Commitment is terminated in full (the “Commitment End Date”), commencing on [April 3, 2023]1 and in arrears on the first Business Day of each July, October, January and April occurring thereafter to the Commitment End Date, and on the Commitment End Date, a non-refundable undrawn fee (the “Undrawn Fee”) in an amount equal for each day during such calculation period to the product of (x) the rate per annum associated with the Total Commitment Utilization (as defined below) as specified in the applicable Level in the pricing matrix below under the column captioned “Undrawn Fee Rate” (the “Undrawn Fee Rate”) and in effect on such day, (y) the Unutilized Commitment (as defined below) for such day and (z) a fraction the numerator of which is 1 and denominator of which is 360; provided, that, upon the occurrence, and at all times during the continuation, of an Event of Default, the Undrawn Fee Rate shall be equal to the Default Rate. Level Utilization Rate e Term Benchmark/ RFR ABR Borrowing Borrowing Level 1: 25% 0.57% 1.425% 0.425% Level 2: < 25% 0.60% 1.500% 0.500% Total Commitment Undrawn Fe Applicable Rate
Undrawn Fees. HVIF shall pay the Class A Undrawn Fee and the Class B Undrawn Fee to each applicable Series 2020-1 Noteholder in connection with the Class A Monthly Interest Amount and the Class B Monthly Interest Amount, respectively.
Undrawn Fees. On each Scheduled Payment Date prior to the last day of the Availability Period and on the last day of the Availability Period (or, if all of the Commitments hereunder terminate prior to the last day of the Availability Period, on the date such Commitments terminate or expire), the Borrower shall pay to the Administrative Agent, for the account of each Lender, an unused commitment fee (the “Undrawn Fees”) equal to 0.50% per annum on the average daily unutilized portion of the Commitment of such Lender during the three (3) month period immediately preceding such Scheduled Payment Date and the last day of [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. the Availability Period calculated on an actual 365-day year (provided, that respect to the first Scheduled Payment Date after the Closing Date, the Undrawn Fee shall be calculated for the period from the Closing Date to such first Scheduled Payment Date and in respect of the last day of the Availability Period (or, if earlier, the expiration or termination of all of the Commitments) such Undrawn Fee shall be calculated for the period from the immediately preceding Scheduled Payment Date to such last day).
Undrawn Fees. On each Settlement Date, the Borrower shall pay to the Lenders or the Administrative Agent, as applicable, in accordance with the priorities set forth in Section 3.03, an amount equal to the Undrawn Fees and any other fees payable pursuant to the Fee Letter with respect to the related Collection Period.
Undrawn Fees. The Borrower agrees to pay to the Lenders commitment fees (the “Undrawn Fees”) on the Daily Undrawn Fee Calculation Amount as in effect from time to time for the period from and including the Effective Date to but excluding the scheduled Maturity Date at a rate per annum equal to the Adjusted Eurodollar Rate for each Interest Period plus the Spread. Undrawn Fees shall be calculated on the basis of a 360-day year and the actual number of days elapsed and shall be payable in arrears pursuant to the Priority of Payments or as otherwise expressly stated herein. As used herein:
Undrawn Fees. The Borrower will pay a fee (the “Undrawn Fee”), for the ratable benefit of the Lenders, in an amount equal to 0.15% of the undrawn portion of the commitments in respect of the Bridge Facility from and including the later of (x) the day that is 60 days following the execution of the Commitment Letter and (y) date of execution of the Credit Documentation to but excluding the Fee Payment Date, which fee shall payable upon the Fee Payment Date. For the purposes hereof, “Fee Payment Date” means the earlier of (i) termination or expiration of the commitments under the Bridge Facility and (ii) the Closing Date. EXHIBIT B CONDITIONS PRECEDENT TO CLOSING Capitalized terms not otherwise defined herein have the same meanings as specified therefor in the Commitment Letter to which this Exhibit B is attached. The initial borrowing under the Bridge Facility will be subject to the following additional conditions precedent (subject to the Limited Conditionality Provision):
