RLC Fee definition

RLC Fee. See Section 2.10 hereof.
Sample 1
RLC Fee. See Section 2.11 hereof.
Sample 1
RLC Fee has the meaning specified in Section 3.2(a) hereof.
Sample 1

Examples of RLC Fee in a sentence

  • An unused RLC fee (the "Unused RLC Fee") computed at the rate of one-quarter of one percent (.25%) per annum on the unused portion of the RLC Commitment, calculated from the date hereof shall be payable monthly in arrears.

  • For each month (or portion thereof), the unused commitment fee shall be equal to (A) the RLC Commitment minus (B) the "average monthly outstandings" for the month (or portion thereof) with respect to which the Unused RLC Fee is being computed, with the resulting number multiplied by (C) one-twelfth (1/12th) of the rate per annum set forth above.

  • In connection with the Loan, Borrower agrees to pay to Lender on the Closing Date a non-refundable fee in the amount of one and one-half percent (1.50%) of the RLC Commitment (the "RLC Fee").

  • Lender agrees to apply the RLC Fee to any origination fee that may be charged by Lender on any future increase in the RLC Commitment so long as such increase is requested by Borrower within 180 days of the Closing Date.

  • On the Closing Date, the Application Fee shall be credited by Lender against Borrower's obligation to pay Lender the RLC Fee.

  • As used herein, "average monthly outstandings" means the sum of the outstanding amount of the RLC Advances on each day during the month (or portion thereof for which the Unused RLC Fee is being computed) with respect to which the Unused RLC Fee is being computed, divided by the number of days in that month (or portion thereof).

  • Borrower acknowledges that the RLC Fee is in addition to that non-refundable commitment fee previously paid by Borrower to Lender.

  • If the Unused RLC Fee is being computed for less than a full month, the percentage used in clause (C) above shall be computed on a daily basis for the number of days for which the fee is being computed.

  • Payment of the RLC Fee in the amount of $48,000.00 plus Lender's other fees and costs.

  • Lender has earned the RLC Fee payable on the Closing Date and shall have earned the RLC Fee payable on each anniversary of the Closing Date as of that date.


More Definitions of RLC Fee

RLC Fee. See Section 5.1 hereof.
Sample 1
RLC Fee. See Section 3.2(b).
Sample 1

Related to RLC Fee

  • LC Fee is defined in Section 2.19.4.

  • L/C Fee has the meaning specified in Section 2.03(i).

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

  • Undrawn Fee a fee payable pursuant to Section 3.2 for each day of the related Collection Period equal to the product of (x) the aggregate Commitments on such day minus the aggregate principal amount of outstanding Advances on such day times (y) the Undrawn Fee Rate times (z) 1/360.

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

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof: 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Ratings-Based Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Facility Fees has the meaning provided in Section 2.11(a).

  • Applicable Fee means, for any day, with respect to any Commitment, the applicable percentage set forth in Annex I under the caption “Applicable Fee”.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • Funding Fee has the meaning set forth in Section 2.04(b).

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • L/C Fee Rate means the Applicable Margin with respect to LIBOR Rate Loans.

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

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Fronting Fee shall have the meaning provided in Section 4.1(c).

  • Letter of Credit Fee Rate means, with respect to a Letter of Credit, the annual percentage per annum indicated below the reference to “Letters of Credit” in the definition of “Applicable Margin” relevant to the period in respect of which determination is being made, as adjusted pursuant to the definition of “Applicable Margin”.

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

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

  • Applicable Letter of Credit Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.” Applicable Margin shall mean, as applicable:

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

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