Common use of Unsecured Debt Clause in Contracts

Unsecured Debt. Indebtedness of the Borrower and its Subsidiaries outstanding at any time which is not Secured Debt. Unused Fee (Revolving Credit). See §2.3. Unused Fee Percentage (Revolving Credit). With respect to any day during a calendar quarter, (i) 0.15% per annum, if the sum of the Revolving Credit Loans (other than Revolving Credit Loans made by a Defaulting Lender), Letter of Credit Liabilities and Swing Loans outstanding on such day is 50% or more of the Total Revolving Credit Commitment (other than Revolving Credit Commitments made by a Defaulting Lender), or (ii) 0.25% per annum if the sum of the Revolving Credit Loans (other than Revolving Credit Loans made by a Defaulting Lender), Letter of Credit Liabilities and Swing Loans outstanding on such day is less than 50% of the Total Revolving Credit Commitment (other than Revolving Credit Commitments made by a Defaulting Lender).

Unsecured Debt. Indebtedness of REIT, the Borrower and its their respective Subsidiaries outstanding at any time which is not Secured Debt. Unused Fee (Revolving Credit). See §2.32.3(a). Unused Fee (Term Loan A). See §2.3(b). Unused Fee Percentage (Revolving Credit). With respect to any day during a calendar quarter, (i) 0.15% per annum, if the sum of the Revolving Credit Loans (other than Revolving Credit Loans made by a Defaulting Lender), Letter of Credit Liabilities and Swing Loans outstanding on such day is 50% or more of the Total Revolving Credit Commitment (other than Revolving Credit Commitments made by a Defaulting Lender), or (ii) 0.25% per annum if the sum of the Revolving Credit Loans (other than Revolving Credit Loans made by a Defaulting Lender), Letter of Credit Liabilities and Swing Loans outstanding on such day is less than 50% of the Total Revolving Credit Commitment (other than Revolving Credit Commitments made by a Defaulting Lender).