Daily Unused Amount definition
Daily Unused Amount means, for each day, the positive difference between (i) the Committed Amount, and (ii) the outstanding principal balance of the Loan. As used herein “Committed Amount” means, (i) $100,000,000 for the period of time from the date of the original Fee Letter and prior to the closing of the Modification, and (ii) $108,000,000 for the period of time commencing at closing of the Modification,
Daily Unused Amount means (i) the Revolving Credit Limit then in effect, minus (ii) the Revolving Exposure, determined on a daily basis.
Daily Unused Amount means the Commitment then in effect, minus the outstanding principal balance of the Advances. The unused fee shall be calculated for each day of a calendar quarter (or portion thereof) and shall be payable by the Borrower to the Agent (for the ratable benefit of the Lenders) quarterly in arrears on the last Business Day of June, September, and December and on the Maturity Date.
Examples of Daily Unused Amount in a sentence
As used herein "Average Daily Unused Amount" means, for any quarter, the aggregate of the Daily Unused Amounts for each day in the applicable quarter divided by the number of days in such quarter.
An unused fee in an amount equal to the Daily Unused Amount (if a positive number), multiplied by ten (10) basis points per annum.
An unused fee in an amount equal to the Daily Unused Amount (if a positive number), multiplied by twenty-five (25) basis points per annum.
As used herein "Daily Unused Amount" means, for each day, the positive difference between (i) the Aggregate Commitment, and (ii) the outstanding principal balance of the Loan.
More Definitions of Daily Unused Amount
Daily Unused Amount means (i) the Revolving Credit Limit, minus (ii) the actual principal outstanding balance of Revolving Loans determined on a daily basis, minus (iii) the applicable Maximum Drawing Amount determined on a daily basis.
Daily Unused Amount is defined in Section 2.5(a).
Daily Unused Amount means with respect to each day of the Commitment Fee Interest Period, the excess if any of the daily difference between (a) the Revolving Commitment and (b) the aggregate principal amount of outstanding Revolving Loans.
Daily Unused Amount means, for each day, the positive difference between (i) the Aggregate Commitment, and (ii) the outstanding principal balance of the Loan; provided, however, for purposes of the foregoing calculation of the outstanding principal balance of the Loan, no Swingline Loan shall increase the outstanding principal balance of the Loan and, notwithstanding the existence of any Swingline Loans during the period of calculation, for purposes of this definition, the outstanding principal balance of the Loan shall be calculated, in each instance, as if such Swingline Loans had not been made (by way of example, if during the period of calculation, the Aggregate Commitment was $450,000,000 and Borrower had no Advances outstanding under the Aggregate Commitment except for $20,000,000 in Swingline Loans, the Daily Unused Amount would be calculated as if the outstanding principal balance of the Loan were $0.00 (notwithstanding the outstanding Swingline Loans).
Daily Unused Amount has the meaning set forth in Section 2.12(c) hereof.”
Daily Unused Amount means, for each day, the positive difference between (i) the Aggregate Commitment, and (ii) the outstanding principal balance of the Loan.