Unused Line Fee Rate Sample Clauses

Unused Line Fee Rate. The applicable rate per annum set forth in the chart contained in the definition of Applicable Margin under the heading "Unused Line Fee Rate".

Unused Line Fee Rate. The definition of “Unused Line Fee Rate” set forth in Annex A to the Credit Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following:

Unused Line Fee Rate a per annum rate equal to (a) from the Closing Date until July 31, 2016, 0.20%; and (b) thereafter (i) 0.375%, if average daily Revolver Usage was 33.3% or less of the Revolver Commitments during the preceding calendar month, or (ii) 0.25%, if average daily Revolver Usage was more than 33.3% of the Revolver Commitments during such month. Upstream Payment: a Distribution by a Subsidiary of Borrower to Borrower.

Unused Line Fee Rate a per annum rate set forth below, as determined by the Average Availability for the most recent month then ended: Level Average Availability Unused Line Fee Rate I < 33% 0.15% II > 33% and < 66% 0.125% Unused Line Fee Rate shall be subject to increase or decrease by Agent on the first day of the calendar month following the Agent’s receipt of the monthly Borrowing Base Certificate required to be delivered hereunder. If Agent is unable to calculate Average Availability for a particular month (or partial period) due to Borrowers’ failure to deliver any Borrowing Base Certificate when required hereunder, then, at the option of Agent or Required Lenders, the Unused Line Fee Rate shall be determined as if Level I were applicable, from the first day of such month until the first day of the calendar month immediately following the actual receipt by the Agent of the applicable Borrowing Base Certificate.

Unused Line Fee Rate. The definition of “Unused Line Fee Rate” set forth in Annex A to the Credit Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following: “ ‘Unused Line Fee Rate’ means the rate determined based on the grid set forth below: The Unused Line Fee Rate through and including July 31, 2013 shall be the amount set forth in Level 1 above. Thereafter, the Unused Line Fee Rate shall be adjusted quarterly on a prospective basis on August 1, 2013 and on the first day of each August, November, February and May thereafter (each, an “Unused Adjustment Date”) based upon Average Historical Availability in the immediately preceding three (3) month period according to the grid above. If an Event of Default has occurred and is continuing at the time any reduction in the Unused Line Fee Rate is to be implemented, no reduction may occur until the first Unused Adjustment Date following the date upon which such Event of Default is waived.”

Unused Line Fee Rate. Commencing as of the Amendment No. 5 Effective Date, a per annum rate equal to 30 basis points.

Unused Line Fee Rate a per annum rate equal to (a) 0.25%, if the average daily balance of Revolver Usage was less than 40% of the Revolver Commitment during the preceding calendar month, or (b) 0.15%, if the average daily Revolver Usage was 40% or more of the Revolver Commitment during the preceding calendar month. Value: (a) for Inventory, its value determined on the basis of the lower of cost or market, calculated on a first-in, first-out basis, and excluding any portion of cost attributable to intercompany profit among Borrower and its Affiliates; and (b) for an Account, its face amount, without duplication of any other calculation made in the determination of the Borrowing Base, net of any returns, rebates, discounts (calculated on the shortest terms), credits, allowances or Taxes (including sales, excise or other taxes) that have been or could be claimed by the Account Debtor or any other Person.