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.
Unused Amount is defined in Section 2.7(b).
Unused Amount means, for any day, an amount equal to the excess, if any, of (a) the Facility Amount on such day over (b) the Advances Outstanding on such day.
Examples of Unused Amount in a sentence
Subject to Section 2.12(a)(iii), the Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a commitment fee (a “Commitment Fee”) in Dollars equal to for each day of the related Interest Period, (i) the actual daily Unused Amount times the applicable Commitment Fee Rate divided by (ii) 360.
More Definitions of Unused Amount
Unused Amount has the meaning given to it in Clause 22.1 (Financial condition).
Unused Amount is defined in Section 1.6(b).
Unused Amount has the meaning set forth in Section 2.7(b).
Unused Amount means, as of any day, the excess of (x) the Maximum Commitment over (y) the aggregate principal amount of Loans outstanding on such day (including Loans made on such day).
Unused Amount has the meaning specified therefor in Schedule 2.12 of this Agreement.
Unused Amount means, on any day the aggregate Revolving Credit Commitments then in effect minus the aggregate of the then outstanding Revolving Credit Exposures, provided that the Unused Amount shall never be less than zero.
Unused Amount has the meaning specified in Section 2.03(b)(i).