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 a rate per annum determined in accordance with the Pricing Schedule.

Unused Commitment Fee Rate means 0.375% per annum.

Examples of Unused Commitment Fee Rate in a sentence

• The Borrowers agree to pay to the Agent for the account of each Lender in accordance with its Commitment Percentage, a commitment fee equal to the Unused Commitment Fee Rate multiplied by the actual daily amount by which the Aggregate Commitments exceed the Total Revolving Credit Outstandings.

• Accruing from the Closing Date until the Term Loan Commitment Termination Date, the Borrowers agree to pay to the Lender a nonrefundable unused commitment fee (the “Unused Commitment Fee”) equal to the Unused Commitment Fee Rate (computed on the basis of a year of 360 days and actual days elapsed) multiplied by the average daily difference between (i) the Term Loan Amount and (ii) the aggregate principal amount of Term Loans actually funded under the Term Loan Facility.

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

• The Borrower shall pay to Administrative Agent for the ratable benefit of the Lenders an unused commitment fee (the "Unused Commitment Fee") equivalent to the Unused Commitment Fee Rate times the daily average of the unadvanced amount of the Commitment.

• Subject to Section 2.9, until termination of the Aggregate Commitment, the U.S. Borrowers agree to pay to the Administrative Agent, for the account of the Lenders ratably in accordance with their respective Pro Rata Shares, on each Payment Date from the Closing Date through and including the Facility Termination Date, an unused commitment fee (the “Unused Commitment Fee”) equal to (i) the Unused Commitment Fee Rate multiplied by (ii) the daily Aggregate Unused Commitment.

More Definitions of Unused Commitment Fee Rate

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”.

Unused Commitment Fee Rate means 1.25% per annum.

Unused Commitment Fee Rate means at all times during the applicable periods set forth below, the applicable rate per annum set forth below under the heading "Unused Commitment Fee Rate": Unused Leverage Ratio Commitment Fee -------------- -------------- greater than or equal to 5.00 to 1 0.625% greater than or equal to 4.00 to 1 0.500% less than 5.00 to 1 greater than or equal to 3.00 to 1 0.375% less than 4.00 to 1 less than 3.00 to 1 0.250% The Leverage Ratio used to compute the Unused Commitment Fee Rate following the Effective Date shall be the Leverage Ratio set forth in the Compliance Certificate most recently delivered by the Company to the Administrative Agent pursuant to Section 7.01(d); changes in the Unused Commitment Fee Rate resulting from a change in the Leverage Ratio shall become effective upon delivery by the Company to the Administrative Agent of a new Compliance Certificate pursuant to Section 7.01(d) and notice by the Company to the Administrative Agent that a rate change is required. Notwithstanding anything to the contrary set forth in this Agreement (including the then effective Leverage Ratio), the Unused Commitment Fee Rate shall be 0.625% for the period commencing on the Effective Date and ending on the delivery of a separate Compliance Certificate in respect of the Company's fiscal month ending May 31, 1999. If the Company shall fail to deliver a Compliance Certificate within 50 days after the end of any fiscal month or quarter (or within 95 days, in the case of the last fiscal quarter of any Fiscal Year) pursuant to Section 7.01(d), the Unused Commitment Fee Rate from and including the 51st (or 96th, as the case may be) day after the end of such fiscal quarter to but not including the date the Company delivers to the Administrative Agent a Compliance Certificate shall conclusively equal the highest Unused Commitment Fee Rate set forth above.

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 means 0.50% per annum.

Unused Commitment Fee Rate shall be:

Unused Commitment Fee Rate means 0.250% per annum. It is understood and agreed that the Unused Commitment Fee Rate shall be subject to adjustment (or to no adjustment, as applicable) from time to time based upon the Sustainability Revolving Commitment Fee Adjustment (to be calculated and applied as set forth in the Sustainability Schedule); provided that in no event shall the Unused Commitment Fee Rate be less than 0%.