Non-Utilization Fees definition
Examples of Non-Utilization Fees in a sentence
Non-Utilization Fees shall be calculated on the basis of a 360-day year and the actual number of days elapsed and shall be payable in arrears pursuant to the Priority of Payments or as otherwise expressly stated herein.
Non-Utilization Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
For purposes of computing Non-Utilization Fees, a Revolving Commitment of a Lender shall be deemed to be used to the extent of the outstanding Revolving Loans and LC Exposure of such Lender, and the Swingline Exposure of such Lender shall be disregarded for such purpose.
Accrued Non-Utilization Fees shall be payable in arrears (A) on each Interest Payment Date with respect to the prior Month, and (B) on the date on which such Commitment terminates.
Concurrently with any reduction of the Facility D Loan Commitment to zero, the Borrowers shall pay all interest on the Facility D Loans and Non-Utilization Fees.
Seller shall timely pay the Commitment Fee, Exit Fee and Non-Utilization Fees as specified in (and in accordance with) the Pricing Side Letter.
Concurrently with any reduction of the Facility A Loan Commitment to zero, the Borrowers shall pay all interest on the Facility A Loans, all Non-Utilization Fees and all letter of credit fees and shall Cash Collateralize in full all Letters of Credit Obligations.
If, with respect to any Accrual Period, there are insufficient funds paid by the Borrowers to satisfy the required Non-Utilization Fees for all Lenders then owed a Non-Utilization Fee, the Agent shall pay to each such Lender a portion of the amount of such fee actually received equal to a fraction, the numerator of which is the Non-Utilization Fee owed to such Lender and the denominator of which is the aggregate amount of the Non-Utilization Fees owed to all Lenders entitled to a Non-Utilization Fee.
On each Payment Date, the Administrative Agent shall calculate the net amount payable by the Borrower under this Section 2 by netting the Accrued Interest, Non-Utilization Fees and BSL Rebate Amount applicable on such Payment Date.
Non-Utilization Fees shall be calculated on the basis of a 360- day year and the actual number of days elapsed and shall be payable in arrears pursuant to the Priority of Payments or as otherwise expressly stated herein.