Unused Capacity Fee definition

Unused Capacity Fee has the meaning given in Clause 10.9.
Sample 1Sample 2
Unused Capacity Fee means, for any month after the First Anniversary, an amount equal to the product obtained by multiplying: (i) 1/12 by (ii) 12.5 basis points by (iii) the Unused Capacity for such month.
Sample 1
Unused Capacity Fee shall have the meaning set forth in Section 2.4.4. “Unused Capacity Fee Effective Date” shall have the meaning set forth in Section 2.4.4.
Sample 1

Examples of Unused Capacity Fee in a sentence

  • Any Unused Capacity Fee payable under this Clause 10.9 will be invoiced by GSK to the Purchaser after the end of the Calendar Year (such invoice to be paid by the Purchaser in accordance with Clause 13 (Invoice and Payment)).

  • Subject to the terms, conditions and limitations of this agreement, Borrower may re-borrow any part of the Fixed Advance which it has previously borrowed and repaid unless Borrower has terminated the Variable Facility Commitment as set forth in Section 5.04 and provided that Borrower is paying the Unused Capacity Fee set forth in Section 10.01.

  • The Unused Capacity Fee Effective Date shall be twelve (12) Business Days after the date of the Valuation Letter.

  • The Unused Capacity Fee shall be payable monthly, in arrears, on the first Business Day following the end of the month beginning on the Initial Closing Date and ending on the First Anniversary, unless Borrower elects to stop paying the Unused Capacity Fee prior to the First Anniversary and provides at least thirty (30) days’ written notice of such termination to Lender.

  • Subject to the terms, conditions and limitations of this Agreement, Borrower may re-borrow any part of the Variable Advances which it has previously borrowed and repaid unless Borrower has terminated the Variable Facility Commitment as set forth in Section 5.04 and provided that Borrower is paying the Unused Capacity Fee set forth in Section 10.01.

  • The Variable Credit Enhancement Facility Commitment or the Fixed Credit Enhancement Commitment shall be permanently reduced by the amount of the related Bond Loan upon a release of the related Bond Property from the Collateral Pool pursuant to Article 3, unless Borrower elects to maintain such amount as Unused Capacity and pays an Unused Capacity Fee with respect thereto in accordance with Section 10.01.

  • SPAECs provided by Seller to Buyer hereunder shall be required to originate from Energy produced by the Facility.

  • If Borrower fails to provide written notice to Lender on or prior to the last Business Day of a given month, Borrower shall be deemed to have elected to pay the Unused Capacity Fee for the following month.

  • The Unused Capacity Fee shall be payable monthly in arrears, on the first Business Day following the end of the month, except that the Unused Capacity Fee for the last month during the Term of this Agreement shall be paid on the last day of the Term of this Agreement.

  • In the event Borrower elects not to pay the Unused Capacity Fee with respect to any portion of the amount not yet borrowed under the Commitment, such amount shall be automatically permanently terminated.


More Definitions of Unused Capacity Fee

Unused Capacity Fee means for any month in which Unused Capacity is permitted, an amount equal to the product obtained by multiplying: (i) 1/12, by (ii) 20 basis points (0.20%), by (iii) the Unused Capacity. The Unused Capacity Fee shall be paid monthly in arrears pursuant to the terms of Section 10.01.
Sample 1

Related to Unused Capacity Fee

  • Committed Capacity means that portion of the Capacity that is required to meet the Capacity Entitlements of Access Holders;

  • Available RP Capacity Amount means (i) the amount of Restricted Payments that may be made at the time of determination pursuant to Sections 7.06(d), (g), (h) and (l) minus (ii) the sum of the amount of the Available RP Capacity Amount utilized by the Borrower or any Restricted Subsidiary to (A) make Restricted Payments in reliance on Sections 7.06 (g), (h) or (l), (B) incur Liens pursuant to Section 7.01(bb), (C) make Investments pursuant to Section 7.02(n), (D) incur Indebtedness pursuant to Section 7.03(y) and (E) make prepayments, redemptions, purchases, defeasances and other payments in respect of Junior Financings prior to their scheduled maturity utilizing the Available RP Capacity Amount pursuant to Section 7.13 plus (iii) the aggregate principal amount of Indebtedness prepaid prior to or substantially concurrently at such time, solely to the extent such Indebtedness (A) was secured by Liens pursuant to Section 7.01(bb) or (B) was incurred pursuant to Section 7.03(y) and not secured pursuant to Section 7.01(bb) (it being understood that the amount under this clause (iii) shall only be available for use under Sections 7.01(bb) and/or 7.03(y), as applicable).

  • Reserved Capacity means the maximum amount of capacity and energy that the Transmission Provider agrees to transmit for the Transmission Customer over the Transmission Provider’s Transmission System between the Point(s) of Receipt and the Point(s) of Delivery under Tariff, Part II. Reserved Capacity shall be expressed in terms of whole megawatts on a sixty (60) minute interval (commencing on the clock hour) basis.

  • Rated Capacity means the Average Daily Flow for which the Works are approved to handle;

  • Installed Capacity or 'IC’ means the summation of the name plate capacities of all the units of the generating station or the capacity of the generating station (reckoned at the generator terminals), approved by the Commission from time to time;

  • Daily Unforced Capacity Obligation means the capacity obligation of a Load Serving Entity during the Delivery Year, determined in accordance with Reliability Assurance Agreement, Schedule 8, or, as to an FRR entity, in Reliability Assurance Agreement, Schedule 8.1. “Day-ahead Congestion Price” shall mean the Congestion Price resulting from the Day-ahead Energy Market.

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

  • Nominal Rated Capability means the nominal maximum rated capability in megawatts of a Transmission Interconnection Customer’s Customer Facility or the nominal increase in transmission capability in megawatts of the Transmission System resulting from the interconnection or addition of a Transmission Interconnection Customer’s Customer Facility, as determined in accordance with pertinent Applicable Standards and specified in the Interconnection Service Agreement.

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

  • Unused Fee Rate means 0.50% per annum.

  • 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.

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

  • 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.

  • 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.

  • Maximum Capacity or ‘Pmax’ means the maximum continuous active power which a power-generating module can produce, less any demand associated solely with facilitating the operation of that power-generating module and not fed into the network as specified in the connection agreement or as agreed between the relevant system operator and the power-generating facility owner;

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

  • Licensed capacity means the number of children the Department has determined the day care home can care for at any one time in addition to any children living in the home who are under the age of 12 years. Children age 12 and over on the premises are not considered in determining licensed capacity.

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

  • Available Capacity means the capacity from the Project, expressed in whole megawatts, that is available to generate Product. [For As-Available Product facilities only]

  • Contracted Capacity means the capacity (in MW AC) contracted with MSEDCL for supply by the successful bidder at the Delivery Point from the Solar Power Project.

  • 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.”

  • Expense Fee Rate As to each Mortgage Loan, a per annum rate equal to the sum of the Servicing Fee Rate and the Trustee Fee Rate.

  • Applicable Fee Rate means, at any time, the percentage rate per annum at which Commitment Fees are accruing on the unused portion of the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Bid Capacity meanss capacity offered by the bidder in his Bid under invitation.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • 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.