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.
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Daily Commitment Fee has the meaning assigned to such term in the Fee Letter.
Sample 1
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.
Sample 1

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”).


More Definitions of Daily Commitment Fee

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

Related to Daily Commitment Fee

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable Commitment Fee Rate means:

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Available Commitment means a Lender’s Commitment minus:

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Unused Commitment means at any date, with respect to any Bank, an amount equal to its Commitment less the aggregate outstanding principal amount of its Syndicated Loans (but not its Money Market Loans).

  • Revolving Commitment Percentage means, for each Lender, a fraction (expressed as a percentage carried to the ninth decimal place), the numerator of which is such Lender’s Revolving Commitment and the denominator of which is the Aggregate Revolving Commitments. The initial Revolving Commitment Percentages are set forth on Appendix A.

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.