Facility Unused Fee definition

Facility Unused Fee means, for any Business Day, an amount equal to the sum of (A) the product of (i) a fraction the numerator of which is the actual number of days from and including the preceding Business Day to but excluding such Business Day and the denominator of which is 360, (ii) 0.125% and (iii) the excess of (a) the Class A Maximum Invested Amount minus the Class A Invested Amount as of the preceding Business Day and (B) the product of (i) a fraction the numerator of which is the actual number of days from and including the preceding Business Day to but excluding such Business Day and the denominator of which is 360, (ii) .1875% and (iii) the excess of (x)the sum of the Class B Maximum Invested Amount and the Class C Maximum Invested Amount over (y) the sum of the Class B Invested Amount and the Class C Invested Amount, each as of the preceding Business Day.
Facility Unused Fee. Interest Component," "Required Senior Securityholders" and "Specified Termination Date" from Section 2 of the Series Supplement are hereby amended and restated in their entirety to read as follows:
Facility Unused Fee shall have the meaning given to such term in Section 2.2.2. GAAP shall mean generally accepted accounting principles as are in effect in the United States from time to time, subject to the provisions of Section 1.3, and applied on a consistent basis both as to classification of items and amounts. Guaranty of any Person shall mean any obligation of such Person guaranteeing or in effect guaranteeing any liability or obligation of any other Person in any manner, whether directly or indirectly, including any agreement to indemnify or hold harmless any other Person, any performance bond or other suretyship arrangement and any other form of assurance against loss, except endorsement of negotiable or other instruments for deposit or collection in the ordinary course of business. Hedging Contract Policies shall mean the written internal policies and procedures with respect to hedging or trading of gas contracts or other commodity, hedging contracts of any kind, or any derivatives or other similar financial instruments of the Borrower and its Subsidiaries, as in effect on the date of this Agreement, a copy of which has been delivered to the Bank. Hedging Transaction shall mean any transaction entered into by a Loan Party in accordance with the Hedging Contract Policies.

Examples of Facility Unused Fee in a sentence

  • THE CREDIT FACILITY 42 §2.1 Revolving Credit Loans 42 §2.2 [Intentionally Omitted.] 44 §2.3 Facility Unused Fee 44 §2.4 Reduction and Termination of the Commitments 44 §2.5 Swing Loan Commitment 45 §2.6 Interest on Loans 47 §2.7 Requests for Revolving Credit Loans 48 §2.8 Funds for Loans 48 §2.9 Use of Proceeds 49 §2.10 Letters of Credit 49 §2.11 Increase in Total Commitment 52 §2.12 Extension of Maturity Date 55 §2.13 Defaulting Lenders 56 §3.

  • THE CREDIT FACILITY 41 §2.1 Revolving Credit Loans 41 §2.2 Commitment to Lend Term Loan 42 §2.3 Facility Unused Fee 42 §2.4 Reduction and Termination of the Revolving Credit Commitments 43 §2.5 Swing Loan Commitment 43 §2.6 Interest on Loans 46 §2.7 Requests for Revolving Credit Loans 46 §2.8 Funds for Loans 47 §2.9 Use of Proceeds 48 §2.10 Letters of Credit 48 §2.11 Increase in Total Commitment 51 §2.12 Extension of Revolving Credit Maturity Date 54 §2.13 Defaulting Lenders 55 §3.

  • The Borrower will pay the accrued Facility Unused Fee to the Administrative Agent for the account of the Lenders in accordance with their Shares, in arrears on (a) the 15th calendar day following the end of each calendar quarter (or if not a Business Day, the immediately preceding Business Day), (b) the Expiration Date, and (c) on the date that the Obligations are accelerated pursuant to the terms hereof.

  • No Defaulting Lender shall be entitled to receive any Revolving Credit Facility Unused Fee or CapX Unused Fee payable pursuant to Section 2.09(a) or Section 2.09(b), respectively, for any period during which that Lender is a Defaulting Lender (and the Borrowers shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

  • THE CREDIT FACILITY 31 §2.1 Revolving Credit Loans 31 §2.2 Notes 32 §2.3 Facility Unused Fee 32 §2.4 Reduction and Termination of the Revolving Credit Commitments 33 §2.5 Swing Loan Commitment 33 §2.6 Interest on Loans 35 §2.7 Requests for Revolving Credit Loans 36 §2.8 Funds for Loans 37 §2.9 Use of Proceeds 40 §2.10 Letters of Credit 40 §2.11 Increase in Total Commitment 44 §2.12 Extension of Revolving Credit Maturity Date 46 §3.

  • The Facility Unused Fee shall be deemed fully earned and nonrefundable on each date that it is due and payable.

  • THE CREDIT FACILITY 27 §2.1 Loans 27 §2.2 Record 27 §2.3 Notes 27 §2.4 Facility Unused Fee 27 §2.5 Reduction and Termination of the Commitments 28 §2.6 Interest on Loans 28 §2.7 Requests for Loans 29 §2.8 Funds for Loans 29 §2.9 Use of Proceeds 30 §2.10 Letters of Credit 30 §2.11 Increase in Total Commitment 33 §2.12 Extension of Maturity Date 34 §2.13 Defaulting Lenders 35 §3.

  • THE CREDIT FACILITY 36 §2.1 Loans 36 §2.2 Record 36 §2.3 Notes 36 §2.4 Facility Unused Fee 36 §2.5 Reduction and Termination of the Commitments 37 §2.6 Interest on Loans 37 §2.7 Requests for Loans 38 §2.8 Funds for Loans 38 §2.9 Use of Proceeds 39 §2.10 Letters of Credit 39 §2.11 Increase in Total Commitment 42 §2.12 Extension of Maturity Date 44 §2.13 Defaulting Lenders 44 §3.

  • From the date that the Accordion Facility is Activated until the Maturity Date, Company shall pay to Lender an unused fee equal to the percentage rate per annum set forth in the "Accordion Facility Unused Fee" column of the table appearing in clause (b) of the definition of Applicable Percentage multiplied by the daily balance of the unused portion of the Effective Accordion Note Amount existing as of the date of calculation.

  • THE CREDIT FACILITY 22 §2.1 Revolving Credit Loans 22 §2.2 RESERVED 22 §2.3 Notes 22 §2.4 Facility Unused Fee 22 §2.5 Reduction and Termination of the Revolving Credit Commitments 23 §2.6 RESERVED 23 §2.7 Interest on Loans 23 §2.8 Requests for Revolving Credit Loans 24 §2.9 Funds for Loans 24 §2.10 Use of Proceeds 25 §2.11 Letters of Credit 25 §2.12 Increase in Total Commitment 28 §2.13 Extension of Revolving Credit Maturity Date 30 §3.


More Definitions of Facility Unused Fee

Facility Unused Fee. The Borrower agrees to pay to the Agent for the account of the Revolving Credit Lenders (other than a Defaulting Lender for such period of time as such Lender is a Defaulting Lender) in accordance with their respective Revolving Credit Commitment Percentages a facility unused fee calculated at the rate per annum as set forth below on the average daily amount by which the Total Revolving Credit Commitment exceeds the outstanding principal amount of Revolving Credit Loans, Letter of Credit Liabilities and Swing Loans, during each calendar quarter or portion thereof commencing on the date hereof and ending on the Revolving Credit Maturity Date. The facility unused fee shall be calculated for each day based on the ratio (expressed as a percentage) of (a) the average daily amount of the outstanding principal amount of the Revolving Credit Loans (other than Revolving Credit Loans made by a Defaulting Lender), Letter of Credit Liabilities and Swing Loans during such quarter to (b) the Total Revolving Credit Commitment (other than Revolving Credit Commitments made by a Defaulting Lender), and if such ratio is less than fifty percent (50%), the facility unused fee shall be payable at the rate of 0.30%, and if such ratio is equal to or greater than fifty percent (50%), the facility unused fee shall be payable at the rate of 0.20%. The facility unused fee shall be payable quarterly in arrears on the first (1st) day of each calendar quarter for the immediately preceding calendar quarter or portion thereof, and on any earlier date on which the Revolving Credit Commitments shall be reduced or shall terminate as provided in §2.4, with a final payment on the Revolving Credit Maturity Date.”
Facility Unused Fee means, for any Business Day, an amount equal to the sum of (A) the product of (i) a fraction the numerator of which is the actual number of days from and including the preceding
Facility Unused Fee means a per diem fee equal to 0.25% per annum times the average daily amount by which the Maximum Revolving Loan Commitment exceeds the principal balance outstanding under the Revolving Line of Credit.

Related to Facility Unused Fee

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

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

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

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

  • Unused Revolving Line Facility Fee is defined in Section 2.4(c). [Signature page follows.]

  • Facility Fee Percentage means the applicable percentage per annum ----------------------- determined, at any time, based on the range into which Borrower's Credit Rating (if any) then falls, in accordance with the following tables. Any change in the Facility Fee Percentage shall be effective immediately as of the date on which any of the rating agencies announces a change in the Borrower's Credit Rating or the date on which the Borrower has no Credit Rating, whichever is applicable. The Facility Fee Percentage during the time, from time to time, that the Borrower maintains an Investment Grade Credit Rating by either Xxxxx'x or S&P shall be as follows: Range of Borrower's Credit Rating Percentage of S&P/Moody's Ratings Maximum Credit Amount ------------------- --------------------- below BBB-/Baa3 0.00% BBB-/Baa3 0.20% BBB/Baa2 0.20% BBB+/Baa1 0.15% A-/A3 0.15% If at any time the Borrower has a Credit Rating by both Moody's and S&P which Credit Ratings are split, then: (A) if the difference between such Credit Ratings is one ratings category (e.g. Baa2 by Moody's and BBB- by S&P), the Facility Fee Percentage shall be the rate per annum that would be applicable if the highest of the Credit Ratings were used; and (B) if the difference between such Credit Ratings is two ratings category (e.g. Baa1 by Moody's and BBB- by S&P), the Facility Fee Percentage shall be the rate per annum that would be appli- cable if the median of the applicable Credit Ratings is used.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including February 28, 2015, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled "Level II"; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled "Level II": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

  • Applicable Facility 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.

  • 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.

  • Unused Line Fee has the meaning specified in Section 2.5.

  • 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 Unused Commitment Fee Rate means 0.50% per annum.

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

  • Facility Fees has the meaning provided in Section 2.11(a).

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

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Level Facility Fee 2 0.125% 3 0.150% 4 0.200% 5 0.250%

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment (without regard to usage) at such time as set forth in the Pricing Schedule.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Unused Fee Rate means a rate equal to 0.50% per annum.

  • Applicable Commitment Fee Rate means:

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • 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.”

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • Commitment Fees has the meaning set forth in Section 2.11(a).