Term Unused Fee definition

Term Unused Fee has the meaning specified in Section 2.09(b).
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Term Unused Fee means for each day during the term beginning on the date 91 days after the First Amendment Closing Date and ending on the last day of the Term Availability Period an amount equal to (a) the Term Undrawn Amount for such day multiplied by (b) 0.20% per annum. 27
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Term Unused Fee has the meaning given that term in Section 3.5.(b)(ii).
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Examples of Term Unused Fee in a sentence

  • The Delayed Draw Term Unused Fee is payable in addition to all other fees due from the Borrower in connection with this Agreement and shall be payable quarterly in arrears on the first Business Day of each calendar quarter for the immediately preceding calendar quarter commencing on the first such date following the Closing Date through the Delayed Draw Termination Date, with a final payment on the Delayed Draw Termination Date.

  • The Term Unused Fee shall be calculated monthly in arrears, based on the applicable unfunded Term Loan Commitment during each day of such month.

  • The Administrative Agent shall pay the Extended Term Unused Fee to the Extending Lenders upon the Administrative Agent’s receipt of the Extended Term Unused Fee based upon each Extending Lender’s pro rata share of the average daily balance of the Extending Lenders’ Unused Commitment.

  • No Defaulting Lender shall be entitled to receive a Term Unused Fee for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

  • The Administrative Agent shall pay the Extended Term Unused Fee to the Extending Lenders having Domestic Commitments upon the Administrative Agent’s receipt of the Extended Term Unused Fee based upon their pro rata share of an amount equal to the aggregate Extended Term Unused Fee to all Extending Lenders having Domestic Commitments.

  • Such Term Unused Fee shall be computed on a daily basis and payable in arrears on the first day of January 2017 and on the Term Loan Availability Termination Date or any earlier date of termination of the Term Loan Commitments or reduction of the Term Loan Commitments to zero.

  • The Term Unused Fee shall accrue at all times during the term of this Agreement at which there exist any Term Commitments, including at any time during which one or more of the conditions in Section 5 is not met, and shall be due and payable quarterly in arrears on January 5, 2015 (with such initial payment to include such fees commencing from the Closing Date), on April 5, 2015, and on the fifth day following the last day of the Availability Period in respect of the Term Facility.

  • The Extended Term Unused Fee shall be paid in arrears, on the first day of each Fiscal Quarter after the execution of this Agreement and on the Extended Term Termination Date.

  • Upon the effective date of any such reduction or termination, the Borrower shall pay to the Agent for the respective accounts of the Banks the full amount of the Facility Fee or Delayed Draw Term Unused Fee then accrued and unpaid on the amount of the reduction.

  • The Administrative Agent shall pay the Extended Term Unused Fee to the Extending Lenders upon the Administrative Agent’s receipt of the Extended Term Unused Fee based upon their pro rata share of an amount equal to the aggregate Extended Term Unused Fee to all Extending Lenders.

Related to Term Unused Fee

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

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

  • Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).

  • Unused Fees has the meaning assigned to such term in the Lender Fee Letter.

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

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

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

  • Unused Line Fee has the meaning specified in Section 2.5.

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including the last day of the third full calendar month following the Closing Date, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: I > 50% of the Maximum Revolver Amount 0.375 percentage points II ≤ 50% of the Maximum Revolver Amount 0.50 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by Agent.

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

  • Applicable Commitment 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 “Commitment Fee.”

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

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

  • Unused Fee Rate means 0.50% per annum.

  • 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

  • Applicable Revolving Commitment Fee Percentage means (a) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the second full Fiscal Quarter after the Closing Date, a percentage, per annum, determined by reference to the following table as if the Leverage Ratio then in effect were 3.00:1.00; and (b) thereafter, a percentage, per annum, determined by reference to the Leverage Ratio in effect from time to time as set forth below: >3.00:1.00 0.75% 1.30% <3.00:1.00 >2.50:1.00 0.75% 1.20% No change in the Applicable Revolving Commitment Fee Percentage shall be effective until three (3) Business Days after the date on which the Administrative Agent has received the applicable financial statements and a Compliance Certificate pursuant to Section 5.01(c) calculating the Leverage Ratio. At any time the Borrower Representative has not submitted to the Administrative Agent the applicable information as and when required under Section 5.01(c), the Applicable Revolving Commitment Fee Percentage shall be determined as if the Leverage Ratio were in excess of 3.00:1.00. Promptly following receipt of the applicable information under Section 5.01(c), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Revolving Commitment Fee Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.01 is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Revolving Commitment Fee Percentage for any Applicable Period than the Applicable Revolving Commitment Fee Percentage applied for such Applicable Period, then (i) the Borrower Representative shall immediately deliver to the Administrative Agent a correct certificate required by Section 5.01 for such Applicable Period, (ii) the Applicable Revolving Commitment Fee Percentage shall be recalculated with the Leverage Ratio at the corrected level and (iii) each applicable Borrower shall immediately pay to the Administrative Agent the accrued additional fees owing as a result of such increased Applicable Revolving Commitment Fee Percentage for such Applicable Period. Nothing in this definition shall limit the right of the Administrative Agent or any Lender under Section 2.10 or Article VIII and the provisions of this definition shall survive the termination of this Agreement.

  • Applicable Commitment 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 “Commitment Fee.”

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

  • 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.

  • 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.

  • Unused Amount means the Maximum Line reduced by outstanding Revolving Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one quarter of one percent (0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • 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.