Unused Commitment Fees definition
Examples of Unused Commitment Fees in a sentence
Accrued Revolving Unused Commitment Fees shall be payable in arrears on the first day of each January, April, July and October, commencing on the first such date to occur after the date hereof, and on the Maturity Date.
For purposes of computing Revolving Unused Commitment Fees, the Revolving Credit Commitment of any Revolving Lender shall be deemed to be used to the extent of the aggregate principal amount at such time of its outstanding Revolving Loans and such Revolving Lender’s participation in L/C Obligations (but not to the extent of such Revolving Lender’s participations in outstanding Swingline Loans).
Accrued Delayed Draw Unused Commitment Fees shall be payable in arrears on the first day of each January, April, July and October, commencing on the first such date to occur after the date hereof, and on the Maturity Date, and on the Delayed Draw Commitment Termination Date.