Term Unused Fee definition

Term Unused Fee has the meaning specified in Section 2.09(b).
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Term Unused Fee has the meaning given in Section 3.6(e).
Sample 1
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
Sample 1

Examples of Term Unused Fee in a sentence

  • 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 Term Unused Fee shall be payable in arrears on the date of any reduction in the Term Loan Commitments pursuant to Section 2.06 and on the last day of the Term Availability Period.

  • 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 on the last day of the Availability Period in respect of the Term Facility.

  • The Term Unused Fee shall be payable quarterly in arrears and on the earlier of the date that the Term Facility is drawn or the last day of the Term Availability Period.

  • 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.

  • 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, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of Lenders having a Term Loan A-1 Commitment and/or a Term Loan A-2 Commitment in an amount equal to the Term Unused Fee for such day.

  • The Term Unused Fee shall be due and payable monthly in arrears on the first Business Day after the end of each calendar month, commencing with the first such date to occur after the Effective Date, and ending on the earlier of the dates set forth above.

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

  • 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.

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 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 February 28, 2015, 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": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

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

  • 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(c). [Signature page follows.]

  • 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: Applicable Pricing Level Margin II 10.0 V 17.5

  • Applicable Commitment Fee Rate means:

  • 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-half of one percent (0.5%) 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 “Applicable Margin” is determined in accordance with the definition thereof: Level Facility Fee 2 0.125% 3 0.150% 4 0.200% 5 0.250%

  • Commitment Fees has the meaning set forth in Section 2.11(a).

  • 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.