Minimum Utilization Fee Payment Date definition

Minimum Utilization Fee Payment Date means each of the following Monthly Payment Dates: (a) the twelfth Monthly Payment Date after the Closing Date; (b) the twenty-fourth Monthly Payment Date after the Closing Date; and (c) the thirtieth (30th) Monthly Payment Date after the Closing Date.
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Minimum Utilization Fee Payment Date means each of the following Monthly Payment Dates: (a) during the Availability Period, (i) the twelfth Monthly Payment Date after the Third Amendment Closing Date; and (ii) each Monthly Payment Date during the Availability Period that is the twelfth Monthly Payment Date after the previous Minimum Utilization Fee Payment Date; and (b) to the extent the Availability Period ends in a month that is not a Monthly Payment Date described in clause (a), the Monthly Payment Date occurring in the calendar month in which the Availability Period End Date occurs.
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Minimum Utilization Fee Payment Date means the sixth Monthly Payment Date occurring after the Closing Date and each sixth Monthly Payment Date thereafter.
Sample 1

Examples of Minimum Utilization Fee Payment Date in a sentence

  • On each Minimum Utilization Fee Payment Date during the Availability Period, the Borrower agrees to pay to the Administrative Agent, for the ratable benefit of the Lenders and as consideration for each Lender’s Commitment hereunder, the Minimum Utilization Fee.

  • Accrued Minimum Utilization Fees shall be due and payable in 742613903 21686243 arrears on each Minimum Utilization Fee Payment Date and, if earlier, the last day of the Availability Period.

  • Accrued Minimum Utilization Fees shall be due and payable in arrears on each Minimum Utilization Fee Payment Date and, if earlier, the last day of the Availability Period.

  • Accrued Minimum Utilization Fees shall be due and payable in arrears on each Minimum Utilization Fee Payment Date.

  • On each Minimum Utilization Fee Payment Date, the Borrower agrees to pay to the Administrative Agent, for the ratable benefit of the Lenders and as consideration for each Lender’s Commitment hereunder, the Minimum Utilization Fee.

  • Accrued Minimum Utilization Fees shall be due and payable in arrears on each Minimum Utilization Fee Payment Date, and on the last day of the Availability Period.

Related to Minimum Utilization Fee Payment Date

  • L/C Fee Payment Date the last day of each March, June, September and December and the last day of the Revolving Credit Commitment Period.

  • Fee Payment Date (a) the third Business Day following the last day of each March, June, September and December and (b) the last day of the Revolving Commitment Period.

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).

  • Applicable Utilization Fee means, as of any date that the aggregate Advances exceed 33% of the aggregate Commitments, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: -------------------------------- ----------------------------- Public Debt Rating Applicable S&P/Moody's Utilization Fee -------------------------------- ----------------------------- Level 1 BBB+ or Baa1 or above 0.125% -------------------------------- ----------------------------- Level 2 BBB or Baa2 0.250% -------------------------------- ----------------------------- Level 3 BBB- and Baa3 0.000% -------------------------------- ----------------------------- Level 4 BBB- or Baa3 0.000% -------------------------------- ----------------------------- Level 5 BB+ and Ba1 0.000% -------------------------------- ----------------------------- Level 6 Lower than Level 5 0.000% -------------------------------- -----------------------------

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Non-Utilization Fee has the meaning assigned thereto in the Pricing Side Letter.

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

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

  • 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 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable L/C Fee Percentage means, as at any date of determination, a rate per annum equal to the Applicable Eurodollar Margin for Revolving Loans in effect on such date.

  • 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.”

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

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

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

  • 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.

  • Applicable Commitment Fee Rate means 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.”

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • 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.

  • 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: II 10.0 V 17.5

  • Applicable Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate certain of the fees due and payable hereunder, determined by reference to the appropriate columns in the Pricing Matrix attached to this Agreement as Schedule 1.1.

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • Administration Fee Rate The sum of (i) the Servicing Fee Rate, (ii) the Master Servicing Fee Rate and (iii) the Credit Risk Management Fee Rate.

  • Expense Fee Rate As to each Mortgage Loan, a per annum rate equal to the sum of the Servicing Fee Rate and the Trustee Fee Rate.

  • Liquidation Fee Rate With respect to each Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable, 1.0%.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

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