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, 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”).


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

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

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • 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:

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).