Average Unused Amount definition
Average Unused Amount means, for the period commencing on the date hereof and ending on the day immediately preceding the Termination Date, the sum of the Unused Amount on each day in that period divided by the actual number of days in that period.
Average Unused Amount means, with respect to any Facility Fee Period, the sum of the Unused Amount on each day in that period divided by the actual number of days in that period.
Average Unused Amount is defined in Section 2.14(b).
Examples of Average Unused Amount in a sentence
The Issuers shall pay to Agent a fee, for the benefit of the Purchasers (the “Unused Commitment Fee”) in an amount equal to the Monthly Average Unused Amount multiplied by two percent (2.0%) per annum; provided that no amount shall be due in respect of the Commitment Percentage of any Non-Funding Purchaser.