Examples of Outstanding Facility Amount in a sentence
The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the “Unused Fee”) equal to an aggregate amount computed on a daily basis by multiplying (i) the Unused Fee Percentage applicable to such day, expressed as a per diem rate, times (ii) the excess of the Aggregate Commitment over the Outstanding Facility Amount on such day.
Borrower shall have the right, upon at least three (3) business days notice, to terminate or cancel, in whole or in part, the unused portion of the Aggregate Commitment in excess of the Outstanding Facility Amount, provided that each partial reduction shall be in a minimum amount of $1,000,000 or any whole multiple of $250,000 in excess thereof.
Gone are the days of reporting to the Central Jury Room and waiting all day to see if the courts would need a jury.
The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the “Unused Fee”) computed on a daily basis by multiplying the Unused Fee Percentage, calculated as a per diem rate, times the excess of the Aggregate Commitment over the Outstanding Facility Amount on such day.
These funds will allow the Agency to execute 25 grant contract agreements with 20 administrators from July 1, 2021 through June 30, 2023 to serve an estimated 441 households each month Chair DeCramer opened up the discussion.