Holder Unused Fee definition

Holder Unused Fee shall have the meaning given to such term in Section 7.4 of the Participation Agreement.
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Holder Unused Fee means, at any time, the product of (a) the Applicable Unused Fee Rate multiplied by (b) the average daily amount by which (i) the aggregate Holder Commitments of the Holders (under the Operative Agreements) exceeds (ii) the aggregate outstanding principal amount of Holder Fundings.
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Holder Unused Fee means the fee payable by the Lessee and the Guarantor pursuant to Section 9.4 of the Participation Agreement.
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Examples of Holder Unused Fee in a sentence

  • If all or a portion of any Unused Fee or Holder Unused Fee shall not be paid when due, such overdue amount shall bear interest, payable by the Lessee on demand, at a rate per annum equal to the Base Rate plus 2%, from the date of such non-payment until such amount is paid in full (as well after as before judgment).

  • Notwithstanding the foregoing, so long as any Lender or Holder fails (in violation of the Operative Agreements) to make available any portion of its Commitment or Holder Commitment when requested, such Person shall not be entitled to receive payment of its pro rata share of its Unused Fee or Holder Unused Fee (as the case may be) until such Person shall make available such portion.

  • The Guarantor and the Lessee jointly and severally agree to pay to the Agent for the account of each Holder an unused fee (the "Holder Unused Fee") computed at a rate per annum equal to Applicable Percentage for the Unused Fee multiplied by the Available Holder Commitment of each Holder during the Commitment Period.

  • Such Lender Unused Fee and such Holder Unused Fee shall be calculated on the basis of 360-day year from the actual days elapsed and shall be payable quarterly in arrears on each Commitment Fee Payment Date.