Nonusage Fee definition

Nonusage Fee shall have the meaning ascribed to such term in Section 2.07(b) of this Credit Agreement.
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Nonusage Fee has the meaning set forth in Section 2.20 hereof.
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Nonusage Fee shall have: (i) the meaning ascribed to such term in Section 2.10(b) of the Existing Credit Agreement until the occurrence of the Third Amendment Effective Date, and (ii) on and after the Third Amendment Effective Date, the meaning ascribed to such term in Section 2.10(b) as amended by Paragraph 5 of the Third Amendment to Credit Agreement.
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Examples of Nonusage Fee in a sentence

  • The Borrower shall pay to the Bank a non-usage fee (the "Non-usage Fee") with respect to each calendar quarter during the term of Facility A, based on the unused amount of Facility A.

  • On each Monthly Payment Date, the Fund will pay to State Street an amount equal to the sum of the Aggregate Monthly Payment and the Non-usage Fee, if any, with respect to the related Monthly Calculation Period.

  • The Bank may begin to accrue the Non-usage Fee on the date the Borrower signs or otherwise authenticates this agreement.

  • The Non-usage Fee shall be an amount equal to A x (B – C) x (D/E), where A equals 0.20%; B equals the maximum amount of Facility A; C equals the average daily outstanding principal balance of Facility A; D equals the actual number of days elapsed during the calendar quarter; and E equals 360.

  • Such Nonusage Fee shall be payable in arrears on the first (1st) Business Day of each calendar quarter occurring after the Effective Date and on the Facility Termination Date.

  • The quarterly Nonusage Fee shall be payable by Borrower in arrears quarterly on the last Business Day of March, June, September and December hereafter during the Revolving Commitment Period, (each, a "Nonusage Fee Payment Date") commencing September 30, 2000, with the last payment to be made at the termination of the Revolving Commitment Period.

  • Funded Debt to EBITDA Ratio Non-usage Fee Greater than or equal to 2.00 to 1.00 20 bp Less than 2.00 to 1.00 but greater than or equal to 1.00 to 1.00 10 bp Less than 1.00 to 1.00 10 bp The Bank’s determination of the non-usage fee on Facility A shall be conclusive, absent manifest error.

  • A Non-usage Fee, payable quarterly, equal to one percent (1%) of the average unfunded portion of the Commitment for such quarter, which fee shall be due and payable on the first Business Day of the month following the end of such quarter, commencing on the earlier of (i) the date of this Agreement or (ii) March 15, 2004.

  • The Non-usage Fee shall be an amount equal to A x (B - C) x (D/E), where A equals the Applicable Fee Rate; B equals the maximum amount of Facility A; C equals the average daily outstanding principal balance of Facility A during the calendar quarter; D equals the actual number of days elapsed during the calendar quarter; and E equals 360.

  • The Company and the Holders agree that such additional indebtedness shall be secured by a Lien prior to that of the Debt Securities and Coupons, if any, upon all property and funds held or collected by the Trustee, as such, except funds held in trust for the payment of principal of, and premium, if any, or interest on, particular Debt Securities and Coupons.


More Definitions of Nonusage Fee

Nonusage Fee. See Section 8.6 hereof.
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Nonusage Fee has the meaning set forth in Section 3.1.
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Nonusage Fee shall have the meaning ascribed to such term in Section 2.08(b) of this Credit Agreement.
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Related to Nonusage Fee

  • Usage Fee means the subscription fees to be paid by the Agency for ongoing access to Services.

  • Non-Usage Fee The meaning set forth in the applicable Fee Letter.

  • Late Fee If you don’t pay at least the Minimum Payment Due by the Payment Due Date, we will charge you a late fee. o The fee is $27.00 if you were not charged a late fee during any of the prior six billing periods.

  • Expense Fee Rate As to each Mortgage Loan, the sum of (a) the related Servicing Fee Rate and (b) the Trustee Fee Rate.

  • Contract Fee means the lump sum rates as outlined in Schedule ‘B’ – Quote Form.

  • Utilization Fee has the meaning assigned to such term in Section 2.11(b).

  • Breakage Fee means (i) for any Interest Period for which Interest is computed by reference to Adjusted LIBOR and a reduction of Capital is made for any reason on any day other than a Settlement Date or (ii) to the extent that the Borrower shall for any reason, fail to borrow on the date specified by the Borrower in connection with any request for funding pursuant to Article II of this Agreement, the amount, if any, by which (A) the additional Interest (calculated without taking into account any Breakage Fee or any shortened duration of such Interest Period pursuant to the definition thereof) which would have accrued during such Interest Period on the reductions of Capital relating to such Interest Period had such reductions not been made (or, in the case of clause (ii) above, the amounts so failed to be borrowed or accepted in connection with any such request for funding by the Borrower), exceeds (B) the income, if any, received by the applicable Lender from the investment of the proceeds of such reductions of Capital (or such amounts failed to be borrowed by the Borrower). A certificate as to the amount of any Breakage Fee (including the computation of such amount) shall be submitted by the affected Lender to the Borrower and shall be presumed correct absent manifest error.

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

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Base Fee $60 million (Avg Daily Net Assets For Most Recent Month) * 0.45% * (31/365) = $22,931.51 Performance Fee: $40 million (Avg Daily Net Assets for rolling 12-month period) * -0.25% * (31/365) = $(8,493.15) Total Fulcrum Fee: $14,438.36 = $22,931.51 (Base Fee) - $8,493.15 (Performance Fee)

  • Monthly Service Fee means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.

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

  • Compounded Daily SOFR means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows: Where:

  • Usage Charges means the Charges for the Service or applicable part of the Service that are calculated by multiplying the volume of units that the Customer used or incurred in a period (e.g. number of users using the Service, or the number of minutes the Service was used for) with the relevant fee that is specified in the Online Order.

  • Compounded Daily XXXXX means, in relation to an Interest Period, the rate of return of a daily compound interest investment (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) and will be calculated by the Fiscal Agent or the Calculation Agent, as applicable, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards: Where:

  • 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% -------------------------------- -----------------------------

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Monthly Service Fees means the monthly (or 1/12 of the annual fee) subscription fees paid for the affected Cloud Service which did not meet the SA SLA.

  • Compounded Daily SONIA means with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment during the Observation Period corresponding to such Interest Accrual Period (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) and will be calculated by the Calculation Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the Final Terms or Pricing Supplement) on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards: Where:

  • Program Fee is defined in the Fee Letter.

  • Late Fees shall have the meaning set forth in Section 2(d).

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

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Program Fee Rate has the meaning set forth in the Fee Letter.