Lender Unused Fee definition

Lender Unused Fee shall have the meaning given to such term in Section 7.4 of the Participation Agreement.
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Lender 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 Lender Unused Fee in a sentence

  • Promptly after receipt from the Lessee of the payment of the Lender Unused Fee payable pursuant to Section 7.4 of the Participation Agreement, the Agent shall distribute such payments to the Lenders pro rata in accordance with their respective Commitments.

  • Promptly after receipt of the payment of the Lender Unused Fee payable pursuant to Section 7.4 of the Participation Agreement, the Agent shall distribute such payments to the Lenders pro rata in accordance with their respective Commitments.

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