Non-Use Fee definition

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

  • Each Lender shall be entitled to receive such Lender’s Pro Rata Share of the Non-Use Fee.

  • The Non-Use Fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

  • Each outstanding Unapplied Non-Extension Advance and each outstanding Unapplied Downgrade Advance will continue to be subject to payment of the Liquidity Facility Non-Use Fee as if no Downgrade Advance nor Non-Extension Advance is outstanding.

  • No Defaulting Lender shall be entitled to receive any Non-Use Fee pursuant to Section 5.1 for any period during which that Lender is a Defaulting Lender (and the Company shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).


More Definitions of Non-Use Fee

Non-Use Fee has the meaning set forth in Section 6.1 hereof.
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Non-Use Fee is defined in Section 2.5.2.
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Non-Use Fee is defined in Section 2.4(b).
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Non-Use Fee shall have the meaning assigned to it in SECTION 1.6.
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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.
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Non-Use Fee has the meaning specified in Section 3(p). -----------
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Non-Use Fee has the meaning set forth in Section 3.2.
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