Unused Commitment Fee definition

Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).

Unused Commitment Fee shall have the meaning set forth in Section 2.5(a).

Unused Commitment Fee shall have the meaning given to the term in Section 3.5.c.

Examples of Unused Commitment Fee in a sentence

• Such Unused Commitment Fee shall be calculated on the basis of a year consisting of 360 days.

• The Unused Commitment Fee shall be payable in arrears on the last day of March, June, September and December of each year, commencing with the first such date to occur after the Effective Date, and on the Maturity Date for any period then ending for which the Unused Commitment Fee shall not have been theretofore paid.

• A Lender that is a Non-Funding Lender pursuant to clause (a) of the definition of Non-Funding Lender shall not earn and shall not be entitled to receive, and the Borrower shall not be required to pay, such Lender’s portion of the Unused Commitment Fee during the time such Lender is a Non-Funding Lender pursuant to clause (a) thereof.

• The Unused Commitment Fee provided in this subsection 1.9(b) shall accrue at all times from and after the execution and delivery of this Agreement.

• The total Unused Commitment Fee paid by the Borrower will be equal to the sum of all of the Unused Commitment Fees due to the Lenders, subject to subsection 1.11(e)(vi).

More Definitions of Unused Commitment Fee

Unused Commitment Fee means, for any Interest Period prior to the commencement of the Amortization Period, the fee payable by the Borrower pursuant to the Fee Letter on the related Payment Date in an amount equal to product of (i) the Unused Commitment Fee Rate, (ii) an amount equal to the average daily Aggregate Commitment during such Interest Period minus the average daily Loans Outstanding during such Interest Period and (iii) a fraction, the numerator of which is the actual number of days during such Interest Period and the denominator of which is 360.

Unused Commitment Fee is defined in Section 4.03(b).

Unused Commitment Fee means the product of (A) 50 Basis Points per annum (pro rated to take into account that the fee is payable quarterly, or such shorter period if applicable) and (B) the Unused Commitment Amount.BORROWER

Unused Commitment Fee has the meaning set forth in the Fee Letter.

Unused Commitment Fee means a fee equal to the product of (i) the amount by which the Maximum Facility Amount exceeds the Outstanding Principal Amount (in each case, as of any date of determination) and (ii) 0.50%.

Unused Commitment Fee shall have the meaning specified in Section 6(d) of this Supplement.

Unused Commitment Fee has the meaning ascribed to such term in SECTION 4.04(a).