Undrawn Fee Rate definition

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

Undrawn Fee Rate. For any VFN Class, the rate set forth or described in the related Indenture Supplement, if any. United States and U.S.: The United States of America.

Undrawn Fee Rate means 0.40%.

Examples of Undrawn Fee Rate in a sentence

• Other than with respect to the Applicable Margin or Undrawn Fee Rate, the terms of the Revolving Commitments and Revolving Loans made pursuant to a Revolving Commitment Increase shall be identical to the terms of the existing Revolving Commitments and Revolving Loans.

• The undrawn fee shall be calculated quarterly in arrears, and if there is any change in the Undrawn Fee Rate during any quarter, the actual daily amount shall be computed and multiplied by the Undrawn Fee Rate separately for each period during such quarter that such Undrawn Fee Rate was in effect.

• The Borrower shall pay to the Administrative Agent, for the account of each Lender in accordance with its Pro Rata Share, an undrawn fee equal to the Undrawn Fee Rate multiplied by the actual daily amount by which the Aggregate Commitments exceed the Outstanding Amount of the Loans.

• Borrower agrees to pay to or at the direction of Lender in immediately available funds an undrawn fee (the "Undrawn Fee") on the undrawn portion of the Commitment allocable to each Type of Revolving Loan (calculated daily on a weighted average basis) from the Closing Date to the Commitment Period Termination Date at the Undrawn Fee Rate applicable to such Type of Revolving Loan.

• Until the Commitment Termination Date, Borrowers shall pay to Administrative Agent, for the account of each Lender in accordance with its Applicable Percentage, a daily unused line fee equal to the product of (A) (i) the Monthly Undrawn Fee Rate divided by (ii) 365 or 366, as applicable, and (B) the greater of (i) the Total Commitments on such date minus the sum of (1) the Outstanding Amount and (2) the aggregate L/C Obligations as of such date and (ii) zero (0).

More Definitions of Undrawn Fee Rate

Undrawn Fee Rate means the applicable percentages set forth in the Transaction Fee Letter.

Undrawn Fee Rate has the meaning specified in the Program Fee Letter.

Undrawn Fee Rate means, with respect to each Class of the Series 2013-VF1 Variable Funding Notes held by the Committed Purchaser and for each Interest Accrual Period, 0.50% per annum. For the avoidance of doubt, only the Committed Purchasers shall be paid Undrawn Fee Amounts as set forth in the Base Indenture.

Undrawn Fee Rate means (a) prior to the three-month anniversary of the Effective Date, 0.25% and (b) thereafter, 0.50%.

Undrawn Fee Rate means the applicable percentages set forth in the Additional Terms Addendum.

Undrawn Fee Rate means, with respect to each Class of the Series 2020-VF1 Notes and for each Interest Accrual Period, the per annum rate stated below which corresponds to the applicable Usage Percentage:

Undrawn Fee Rate has the meaning assigned to such term in the Pricing Side Letter.