Unused Commitment Fee Rate definition
Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.
Unused Commitment Fee Rate means 0.375% per annum.
Unused Commitment Fee Rate means the applicable percentage set forth below the column entitled “Unused Commitment Fee Rate” in the table in the definition of “Applicable Margin”.
Examples of Unused Commitment Fee Rate in a sentence
Borrowers agree to pay to the Administrative Agent, for the account of each Revolving Lender in accordance with its Applicable Percentage, a commitment fee equal to the Unused Commitment Fee Rate multiplied by the actual daily amount of the Available Commitment during the period from and including the Closing Date to but excluding the date on which the Revolving Commitments terminate.
More Definitions of Unused Commitment Fee Rate
Unused Commitment Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.
Unused Commitment Fee Rate means 1.25% per annum.
Unused Commitment Fee Rate means 0.25% per annum; provided that, from and after the date of delivery of a Compliance Certificate with respect to the first full Fiscal Quarter commencing after the Amendment No. 1 Effective Date, such fee shall be increased to 0.375% if the Secured Debt Ratio as of the last day of the relevant Fiscal Quarter is equal to or greater than 3.0 to 1.0 (with each change in the Unused Commitment Fee Rate to take effect on the date of delivery of the relevant Compliance Certificate).
Unused Commitment Fee Rate means (a) for the period commencing on the Amendment No. 1 Effective Date and ending on the date falling six (6) months after the Amendment No. 1 Effective Date, 0.438% per annum and (ii) thereafter, a per annum rate equal to the rate set forth below opposite the applicable Available Credit set forth below: AVAILABLE CREDIT UNUSED COMMITMENT FEE RATE Greater than or equal to $550,000,000 0.500 % Less than $550,000,000 and greater than or equal to $300,000,000 0.438 % Less than $300,000,000 0.375 % Changes in the Unused Commitment Fee Rate resulting from a change in the Available Credit shall become effective as to all Revolving Loans and Swing Loans upon delivery by the Borrower to the Administrative Agent of a new Borrowing Base Certificate pursuant to Section 6.9(a) (Borrowing Base Determination). Notwithstanding anything to the contrary set forth in this Agreement (including the then effective Available Credit), if the Borrower shall fail to deliver such Borrowing Base Certificate within any of the time periods specified in Section 6.9(a) (Borrowing Base Determination), the Unused Commitment Fee Rate from and including the 20th day after the end of such fiscal month or, during a Liquidity Event Period, the 5th Business Day after the end of such week, as the case may be, to but not including the date the Borrower delivers to the Administrative Agent such Borrowing Base Certificate shall remain equal to the Unused Commitment Fee Rate in effect immediately prior to the 20th day after the end of such fiscal month or, during a Liquidity Event Period, the 5th Business Day after the end of such week, as the case may be.
Unused Commitment Fee Rate means (i) for an initial period commencing on the Effective Date and ending on the first day of the month immediately following the month in which the Servicer delivers PolyOne’s financial statements for the Fiscal Period ending June 30, 2007, 0.250% per annum, and (ii) thereafter, as of any date of determination, a per annum rate equal to the rate set forth below opposite the then applicable Average Monthly Excess Availability (determined on the last day of the most recently concluded calendar month for which financial statements have been delivered): Greater than $120,000,000 0.375 % Less than or equal to $120,000,00 and greater than $60,000,000 0.250 % Less than or equal to $60,000,000 0.250 % provided, however, that upon the occurrence and during the continuance of an Event of Termination, the “Unused Commitment Fee Rate” shall be the highest rate set forth in the table above. Changes in the Unused Commitment Fee Rate resulting from a change in the Average Monthly Excess Availability for any month shall become effective on the first day of the next consecutive calendar month.
Unused Commitment Fee Rate shall be:
Unused Commitment Fee Rate means, for any day, a percentage per annum equal to 0.20% per annum.