Underutilization Fee definition

Underutilization Fee means a fee equal to 4% per annum of any amount of the maximum Principal Amount, being $25,000,000, less any drawn amounts;
Sample 1
Underutilization Fee the fee payable by Borrower to Lender equal to thirty-five basis points (0.35%) on an annualized basis or .000959% times the unused portion of the Credit Line below Forty Million Dollars ($40,000,000.00), with the unused portion being equal to the difference between Forty Million Dollars ($40,000,000.00) and the actual daily balance of the outstanding Advance. This fee will be due monthly for the previous month and will be billed immediately following the month end.
Sample 1
Underutilization Fee means the amount of money a consumer is charged if the consumer did not purchase the minimum number of gallons of propane purportedly required under the terms of the Contract. Level’s Contract language formerly stated: “In the event a customer fails to purchase the minimum quantity, customer agrees to pay an amount per gallon for any short fall as of the anniversary of the effective date of the term in which a short fall occurs.” The charge to the customer shall be reasonable and relate to Level’s costs due to the underutilization.
Sample 1

Examples of Underutilization Fee in a sentence

  • An under-utlization fee per DS-1 for both Xclusive & Xnet Services will be applied to the monthly invoice based on the following schedule: Minutes Per Trunk* Under-utilization Fee** ------------------ ----------------------- 0-19,999 20,000-39,999 40,000-59,999 * 60,000-79,999 80,000-99,999 100,000+ *The average is calculated over all trunks.

  • An under-utilization fee per DS-1 will be applied to the monthly invoice based on the following schedule: Minutes Per Trunk* Under-utilization Fee** 0-19,999 $2,000.00 20,000-39,999 $1,750.00 40,000-59,999 $1,500.00 60,000-79,999 $1,250.00 80,000-99,999 $1,000.00 100,000+ -0- *The average is calculated over all trunks.

  • The definition of Underutilization Fee in Section 16.0 of the Agreement is deleted and replaced in its entirety as follows: Underutilization Fee: the fee equal to (i) .000959% (35 basis points per annum) times (ii) the amount by which the Advances outstanding under the Inventory Facility are less than Fifteen Million Dollars ($15,000,000), for each day during the Accounting Period that such Advances are less than Fifteen Million Dollars ($15,000,000).

  • The Borrower may, at its option, prepay any amounts outstanding hereunder (including the Underutilization Fee), in whole or in part (the “Prepayment Amount”), without premium or penalty, at any time prior to the Maturity Date on five (5) Business Day’s prior notice to the Lenders.

  • The Borrower shall pay to the Lender the Underutilization Fee semi-annually if all or any amount of the aggregate maximum amount of the Principal Amount has not been previously drawn pursuant to this Agreement.

  • If Customer does not comply with the above requirement, Customer will be assessed a monthly underutilization fee of $2,500 (the "Underutilization Fee") for each Circuit that was under the 100,000 MOU level for such month in which Customer failed to meet the average Minimum Facility Utilization.

  • For the purposes of determining if the MRA Underutilization Fee is due, the Buyer agrees to include the aggregate outstanding principal loan balance as of the related Sale Dates of all timeshare loans sold by BRFC-Q 2010 LLC to the Buyer during the period March 1, 2012 through December 31, 2012.

  • The Borrower may, at its option, prepay any amounts outstanding hereunder (including the Underutilization Fee), in whole or in part (the “Prepayment Amount”), without premium or penalty, at any time prior to the Maturity Date on five (5) Business Day's prior notice to the Lender.

  • The Borrower may, at its option, terminate this Agreement upon five (5) Business Days’ notice, provided, however, that the Borrower has repaid any amounts outstanding hereunder, including the payment of the Underutilization Fee.

  • The Borrower may, at its option, terminate this Agreement upon 5 Business Days’ notice, provided, however, that the Borrower has repaid any amounts outstanding hereunder, including the payment of the Underutilization Fee.


More Definitions of Underutilization Fee

Underutilization Fee has the meaning provided in Section 3.5.
Sample 1
Underutilization Fee the fee payable on a monthly basis by Borrower to Lender equal to .25% on an annualized basis, times the unused portion of the Credit Line during an Accounting Period, with the unused portion being equal to the amount by which the average daily balance of the outstanding Advances in each Accounting Period is less than the Credit Line for the Accounting Period.
Sample 1
Underutilization Fee shall have the meaning specified in Section 3(f) of this Agreement.
Sample 1

Related to Underutilization Fee

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).

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

  • Non-Utilization Fee has the meaning assigned thereto in the Pricing Side Letter.

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

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Utilization means public usage of the subway, bus, railroad

  • Development Fee means a fee for the packaging of a Property, including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date.

  • Processing Fee means in relation to a Transaction Summary delivered:

  • Developer Fee means the fee earned by the Developer.

  • Impact fee means a payment of money imposed under Title 11, Chapter 36a, Impact Fees Act.

  • Introduction Fee means the fee payable by the Client to the Agency for an Introduction resulting in an Engagement;

  • Program Fee is defined in the Fee Letter.

  • Services Fee means, collectively, the Senior Services Fees and the Subordinated Services Fees.

  • Access Fee means a fee prescribed for the purposes of section 22(6) or 54(6), as the case may be;

  • Hire Fee the hire fee specified in Item 13.

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

  • Professional Fee Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses that Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.B of the Plan.

  • User Fee means all charges, costs, fees, tariff and other amounts by whatever name called, collected by the Developer from the users, pursuant to this Agreement, for usage of the Project.

  • Utilization management section means “you or your authorized representative.” Your representative will also receive all notices and benefit determinations.

  • Construction Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or provide major repairs or rehabilitations on a Property.

  • Reservation Fee means the fee set forth in the applicable Program Guide, relating to the aggregate principal amount of the particular Mortgage Loans which the Participant has committed to originate and sell to the Servicer (which is not applicable to MCC stand-alone product) pursuant to a Reservation Request, payable contemporaneously with the submission of the corresponding application package, all in accordance with the procedures set forth in the applicable Program Guide.

  • Tuition Fee means the basic tuition fee applicable to specific programmes and shall include auxiliary fees which are for required instruction but shall exclude any other fees such as international student differential fees, co-op fees, and student union fees.

  • Monitoring Fee means the fees payable to the Lender pursuant to Section 2.03(b) below.

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

  • Service Fee means a fee charged by us to you for the administration of your credit facility.

  • Service Fees means all fees payable by Party B to Party A pursuant to Article 3 of this Agreement in respect of the Services provided by Party A.