Facility Unused Fee definition
Examples of Facility Unused Fee in a sentence
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.
The Facility Unused Fee shall be deemed fully earned and nonrefundable on each date that it is due and payable.
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 27 §2.1 Revolving Credit Loans 27 §2.2 Notes 27 §2.3 Facility Unused Fee 27 §2.4 Reduction and Termination of the Revolving Credit Commitments 28 §2.5 Swing Loan Commitment 28 §2.6 Interest on Loans 31 §2.7 Requests for Revolving Credit Loans 31 §2.8 Funds for Loans 32 §2.9 Use of Proceeds 32 §2.10 Letters of Credit 33 §2.11 Increase in Total Commitment 36 §2.12 Extension of Revolving Credit Maturity Date 38 §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.
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.
The Term Facility Unused Fee shall be payable quarterly in arrears on the last Business Day of each March, June, September and December for the immediately preceding quarter (or a portion thereof) beginning with the first such date to occur after the Closing Date and on the last day of the Commitment Period for the Term Facility.
For each day from the date hereof until the Expiration Date, the Borrower agrees to pay to the Bank, a nonrefundable fee (the "Facility Unused Fee") in an amount agreed to between the Bank and the Borrower and set forth in that certain side letter of even date herewith computed on the amount of the Commitment less the outstanding Revolving Credit Loans on such day.
The Facility Unused Fee shall be payable quarterly in arrears on the first Business Day of each January, April, July, and October after the date hereof and on the Expiration Date or upon acceleration of the Revolving Credit Loans.
Such Term Facility Unused Fee shall be - 66 - computed on a daily basis and payable quarterly in arrears on the last Business Day of each calendar quarter and on the Delayed Draw Termination Date, with the first such payment being due on December 31, 2019.