Examples of Applicable Unused Line Fee Percentage in a sentence
The Unused Line Fee shall be, for each day after the Closing Date through the Maturity Date, an amount equal to (a) the difference between (1) the Maximum Amount, and (2) the closing balance of the Loans for such day, multiplied by (b) the Applicable Unused Line Fee Percentage, the product of which is then divided by (c) 360.
The Unused Line Fee shall be, for each day after the Closing Date through the Maturity Date, an amount equal to (a) the difference between (1) the Maximum Amount, and (2) the Revolving Facility Usage, multiplied by (b) the Applicable Unused Line Fee Percentage, the product of which is then divided by (c) 360.
During the period from the Second Amendment Effective Date through the Fiscal Quarter ending on or about July 31, 2004, the Applicable Unused Line Fee Percentage shall be based on Level I (regardless of EBITDA during such period).
Failure to timely deliver such Financial Statements shall, in addition to any other remedy provided for in this Agreement, result in an increase in the Applicable Unused Line Fee Percentage to the highest level set forth in the foregoing grid, until the fifth (5th) day following the delivery of those Financial Statements demonstrating that such an increase is not required.
Concurrently with the delivery of those Financial Statements, Borrower shall deliver to Administrative Agent and Lenders an LTM EBITDA Certificate, setting forth in reasonable detail the basis for the continuance of, or any change in, the Applicable Unused Line Fee Percentage.