Daily Unused Fee definition

Daily Unused Fee means, for each day during any Availability Period in which the Borrower has not exercised its rights under clause (b) of the definition of Applicable Rate, an amount equal to (a) the Daily Undrawn Amount for such day, multiplied by (b) a per annum percentage for such day (as determined for a three hundred sixty (360) day year) equal to the applicable percentage set forth for Unused Fees in the table set forth in clause (a) of the definition of Applicable Rate.

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Daily Unused Fee means, for any day during the Commitment Period, an amount equal to (a) a daily percentage rate derived from the then-applicable per annum Applicable Percentage multiplied by (b) the amount by which the Aggregate Revolving Commitments exceed the sum of the Outstanding Amount of Revolving Obligations (excluding the amount of any then-outstanding Swing Line Loans) as of the beginning of such day.

Daily Unused Fee means, for any day during the Revolving Loan Commitment Period, (a) when the balance of the Outstanding Amount of Obligations (including Swing Loans and Letter of Credit Obligations) is less than an amount equal to fifty percent (50%) of the then Aggregate Commitments, an amount equal to (i) thirty-five hundredths percent (0.35%) multiplied by (ii) the amount by which the Aggregate Commitments exceed the sum of the Outstanding Amount of Obligations (including Swing Loans and Letter of Credit Obligations) as of the end of such day, divided by (iii) 360, and (b) when the balance of the Outstanding Amount of Obligations (including Swing Loans and Letter of Credit Obligations) is equal to or greater than an amount equal to fifty percent (50%) of the then Aggregate Commitments, an amount equal to (i) twenty-five hundredths percent (0.25%) multiplied by, (ii) the amount by which the Aggregate Commitments exceed the sum of the Outstanding Amount of Obligations (including Swing Loans and Letter of Credit Obligations) as of the end of such day, divided by (iii) 360.

Examples of Daily Unused Fee in a sentence

• For each day during the term hereof that the Applicable Rate is determined pursuant to clause (a) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Daily Unused Fee for such day (all such fees incurred during any given calendar quarter constituting the “Unused Fees” for such quarter).

• On the Revolving Termination Date, Borrowers shall pay to Administrative Agent, for the ratable benefit of Lenders, a commitment fee equal to the sum of the Revolving Daily Unused Fee Amounts for each day of the period from the immediately preceding Fee Payment Date up to but not including the Revolving Termination Date.

• On the Term Loan Termination Date, Borrowers shall pay to Administrative Agent, for the ratable benefit of Lenders, a commitment fee equal to the sum of the Term Loan Daily Unused Fee Amounts for each day of the period from the immediately preceding Fee Payment Date up to but not including the Term Loan Termination Date.

• For each day during the term hereof that the Applicable Rate is determined pursuant to clause (a) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Revolving Lenders in an amount equal to the Daily Unused Fee for such day (all such fees incurred during any given calendar quarter constituting the “Unused Fees” for such quarter).

• For each day during the Availability Period that the Applicable Rate is determined pursuant to subsection (a) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Revolving Lenders in an amount equal to the Daily Unused Fee for such day (all such fees incurred during any given calendar quarter constituting the “Unused Fees” for such quarter).

More Definitions of Daily Unused Fee

Daily Unused Fee means, for any day during the Commitment Period, an amount equal to (a) a daily percentage rate derived from the then-applicable

Daily Unused Fee means, for any day during the Commitment Period, an amount equal to (a) a daily percentage rate derived from the then- applicable per annum Applicable Percentage multiplied by (b) the amount by which the Aggregate Revolving Commitments exceed the sum of the Outstanding Amount of Revolving Obligations (excluding the amount of any then-outstanding Swing Line Loans) as of the beginning of such day.

Daily Unused Fee means, for each day during the term hereof, an amount equal to (a) the Daily Undrawn Amount for such day, multiplied by

Daily Unused Fee means, for each day during the applicable Availability Period, an amount equal to (a) with respect to the Revolving Lenders, (i) the Daily Undrawn Amount of the Revolving Commitments of such Revolving Lenders for such day, multiplied by (ii) a per annum percentage for such day (as determined for a three hundred sixty (360) day year) equal to the applicable percentage set forth for Unused Fees in the table set forth in the definition of Applicable Rate applicable to the Revolving Facility and (b) with respect to the Term Lenders, (i) the Daily Undrawn Amount of the Term Commitments of such Term Lenders for such day, multiplied by (ii) a per annum percentage for such day (as determined for a three hundred sixty (360) day year) equal to the applicable percentage set forth for Unused Fees in the table set forth in the definition of Applicable Rate applicable to the Term Facility.

Daily Unused Fee means, for any day during the Commitment Period, an amount equal to (a) one-half of one percent (0.50%)

Daily Unused Fee means, for any day during the Commitment Period, an amount equal to (a) a daily percentage rate derived from the then-applicable per annum Applicable Percentage multiplied by

Daily Unused Fee means, for each day during the term hereof, an amount equal to (a) the Daily Undrawn Amount for such day, multiplied by (b) a per diem percentage rate (for a 360 day year) based on an annum percentage rate calculated in accordance with the following: