Non-Use Fee shall have the meaning assigned to it in Section 1.9(b).

Non-Use Fee has the meaning specified in the Fee Letter.

Non-Use Fee means a fee in an amount determined by the Finance Authority charged to compensate it for costs and expenses within the Wastewater SRF Program. Such amount shall be the greater of (A) the product of the undrawn balance of the Loan on each applicable Non-Use Assessment Date multiplied by one percent (1%) or (B) One Thousand Dollars ($1,000). Such fee shall apply and be payable under Section 5.09 herein with respect to each Non-Use Assessment Date until the Non-Use Close-out Date shall occur. A Non-Use Fee shall not be applicable if the full amount of the Loan has been disbursed and deposited in the Participant’s Construction Fund by the Non-Use Assessment Date.

Examples of Non-Use Fee in a sentence

The Company agrees to pay to the Administrative Agent for the account of each Lender a non-use fee, for the period from the Closing Date to the Termination Date, at the Non-Use Fee Rate in effect from time to time of such Lender’s Pro Rata Share (as adjusted from time to time) of the unused amount of the Revolving Commitment.
The CWSRF Loan Program may also assess a Non-Use Fee on funds not used for Project costs two years following the loan closing in order to encourage prompt use of funds.
The DWSRF Loan Program may also assess a Non-Use Fee on funds not used for project costs two years following the loan closing in order to encourage prompt use of funds.Participants must use non-SRF monies to fund payment of these fees.
The DWSRF Loan Program may also assess a Non-Use Fee on funds not used for project costs two years following the loan closing in order to encourage prompt use of funds.
Each Lender shall be entitled to receive such Lender’s Pro Rata Share of the Non-Use Fee.

More Definitions of Non-Use Fee

Non-Use Fee has the meaning set forth in Section 6.1 hereof.

Non-Use Fee is defined in Section 2.4(b).

Non-Use Fee is defined in Section 2.5.2.

Non-Use Fee shall have the meaning assigned to it in SECTION 1.6.

Non-Use Fee means, with respect to any Payment Date on or prior to the Facility Termination Date, a fee in an amount equal to the product of (a) one-twelfth (1/12th), (b) 0.50%, and (c) the Maximum Facility Amount minus the daily average Total Outstanding Advances during the preceding calendar month.

Non-Use Fee see Section 3.6(b).

Non-Use Fee is a nonrefundable fee of One Hundred Thousand Dollars ($100,000.00), payable upon the failure of Borrower to borrow the full amount of the Term A Loan within ten (10) Business Days after the occurrence of the IPO Condition, due and payable on September 30, 2014, provided that no such fee shall be owed if Lenders do not fund the Term A Loan after Borrower meets the conditions precedent for such funding as required hereunder and requests such funding.