Daily Commitment Fee definition

Daily Commitment Fee means, on any date, (A) the product of (x) the applicable Commitment Fee Rate as of such date and (y) the Undrawn Commitment divided by (B) 360.

Daily Commitment Fee means on any day (a) during the Ramp-up Period, an amount equal to the product of (i) the product of (A) 25 basis points and (B) the unused portion of the Commitment on such day and (ii) 1/360 and (b) thereafter, an amount equal to the product of (i) the sum of (x) the product of (A) 25 basis points and (B) the unused portion of the Commitment on such day and (y) the product of (A) 25 basis points and (B) the positive difference, if any, between the Minimum Commitment Usage Amount on such day and the Total Outstandings on such day and (ii) 1/360; provided that, for purpose of calculating the Daily Commitment Fee, the unused portion of the Commitment on any day shall equal the difference, if any, between the Commitment and the Total Outstandings.

Daily Commitment Fee means, as of any day, the product of (a) the Applicable Fee, (b) 1/360 and (c) 15 bps.

Examples of Daily Commitment Fee in a sentence

• The Borrower shall pay, pursuant hereto, the Daily Commitment Fee and any other fees (collectively, “Fees”) in the amounts and on the dates set forth herein or in one or more fee letter agreements, dated on or after the date hereof, signed by the Borrower, the Agent and/or any applicable Lender Group (as any such fee letter agreement may be amended, restated, supplemented or otherwise modified from time to time, a “Fee Letter”).

• The Borrower shall pay, pursuant hereto, the Daily Commitment Fee, the Prepayment Fee and any other fees (collectively, “Fees”) in the amounts and on the dates set forth herein or in one or more fee letter agreements, dated on or after the date hereof, signed by the Borrower, the Agent and/or any applicable Lender Group (as any such fee letter agreement may be amended, restated, supplemented or otherwise modified from time to time, a “Fee Letter”).