Non-Utilization Fee definition

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

Non-Utilization Fee shall have the meaning provided in Section 3.05 hereof.

Non-Utilization Fee. Defined in the Fee and Pricing Letter, which definition is incorporated herein by reference.

Examples of Non-Utilization Fee in a sentence

• Buyer may, in its sole discretion, net such Non-Utilization Fee from the proceeds of any Purchase Price paid to any Seller.

• Seller shall pay to Purchaser the due and owing portion of the Non-Utilization Fee if and as required under Section 2 of the Pricing Side Letter; provided that Purchaser may, in its sole discretion, net any Non-Utilization Fee from the proceeds of any Purchase Price paid by Purchaser to Seller to the extent such amounts were not otherwise received by Purchaser in accordance with this clause (bb).

• Each payment of the Non-Utilization Fee is and shall be deemed to be fully earned and non-refundable when paid.

• If the Utilization Percentage in any period is greater than or equal to 30%, Buyer shall not be paid a Non-Utilization Fee for that period.

• Solely to the extent that the Non-Utilization Fee remains unpaid for [***] Business Days following the related due date therefor, the Buyer may, in its sole discretion, net such Non-Utilization Fee from the proceeds of any Purchase Price paid to the Seller.

More Definitions of Non-Utilization Fee

Non-Utilization Fee has the meaning assigned to that term in Section 2.08(a).

Non-Utilization Fee has the meaning set forth in Section 1.05(c).

Non-Utilization Fee is defined in Section 2.5(c).

Non-Utilization Fee shall have the meaning assigned to it in Section 4(d).

Non-Utilization Fee shall have the meaning set forth in Section 8.23 -------------------- hereof.

Non-Utilization Fee. Defined in the Fee Letter.

Non-Utilization Fee means, for each given French Seller, one per cent (1%) per annum (excluding VAT) of the monthly average credit balance of the relevant Availability Account.