Liquidity Fee has the meaning set forth in the Fee Letter.

Liquidity Fee has the meaning set forth in Section 2.09.

Liquidity Fee means a fee payable by the Borrower to each Managing Agent for the account of the Lenders in its related Lender Group on each Liquidity Fee Payment Date with respect to the preceding Accounting Period during the period commencing on the date hereof until (and including) the Final Collection Date equal to the product of (a) an amount equal to (i) during any Accounting Period when there is no outstanding Principal Amount funded by the Lenders in its related Lender Group, the sum of the Commitments of the Committed Lenders in its related Lender Group and (ii) during any Accounting Period when there is an outstanding Principal Amount funded by the Lenders in its related Lender Group, the excess, if any, of (1) the sum of the Commitments of the Committed Lenders in its related Lender Group over (2) the daily average Principal Amount of the Loans funded by the Lenders in the related Lender Group during such Accounting Period, and (b) a per annum rate equal to the “Unused Rate” (as defined in the Fee Letter) with respect to such Lender Group and such Accounting Period, in each case, calculated on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed.

Examples of Liquidity Fee in a sentence

On each Liquidity Fee Payment Date, the Borrower shall pay to each Managing Agent the accrued and unpaid Liquidity Fees then due and payable pursuant to Section 2.06 of this Agreement.
The Liquidity Fee shall commence to accrue on the Amendment Closing Date and shall be due and payable in arrears on each Settlement Date for the Measuring Period ending most recently prior to such date, beginning with the first of such dates to occur after the Amendment Closing Date.
However, as one commenter acknowledged, this information is not publicly available, and we note that only one commenter on the DERA Liquidity Fee Memo provided specific information in this area.
Nonetheless, as a matter of course and in light of its fiduciary duty to the fund, an adviser should provide the board with necessary and relevant information to enable the board to make the determinations under the rule.c. Size of Liquidity Fee Today’s amendments will permit a money market fund to impose a discretionary liquidity fee of up to 2% after its weekly liquid assets drop below 30% of its total assets.
SIFMA II Comment Letter (“Data in the [DERA] Liquidity [Fee Memo] support that a lower default level [from the level proposed] will effectively compensate money market funds for the cost of liquidity during market turmoil….

More Definitions of Liquidity Fee

Liquidity Fee means the fee payable by the Seller and identified as the "Liquidity Fee" in the Fee Letter.

Liquidity Fee means fees payable to a Liquidity Facility Provider pursuant to the terms of its Liquidity Facility and any other fees or expenses of the Facility Agent or the Liquidity Facility Providers that the Borrower may from time to time agree to pay.

Liquidity Fee means, for any Accrual Period, 102% of the product of the Liquidity Fee Rate, the Maximum Funded Amount during that Accrual Period, and a fraction the numerator of which is the number of days in that Accrual Period and the denominator of which is 360.

Liquidity Fee means a fee payable by the Borrower to each Managing Agent for the account of the Lenders in its related Lender Group on each Liquidity Fee Payment Date during the period commencing on the date hereof until (and including) the Final Collection Date an amount equal to the product of (a) the daily average excess, if any, of (i) the sum of the Commitments of the Committed Lenders in its related Lender Group during the immediately preceding Interest Period over (ii) the Principal Amount of the Loans funded by the Lenders in the related Lender Group during the immediately preceding Interest Period, and (b) a per annum rate equal to (i) on each day during the 120-day period immediately following the consummation of any Securitization Transaction for which Deutsche Bank Securities Inc. is a lead manager and bookrunner, pursuant to which asset-backed securities secured by Contracts with an aggregate principal balance of $200,000,000 or more are issued, 0.25% or (ii) on each day during any other period, 0.50%.

Liquidity Fee means the liquidity fee payable pursuant to Section 3.1. --------------- -----------

Liquidity Fee shall have the meaning specified in Section 4.01.