Unused Credit Fee definition

Unused Credit Fee means the fee payable by the Borrower to the Agent for the benefit of the Lenders as set out in Section 2.5.
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Unused Credit Fee shall have the meaning given such term in Supplement A.
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Unused Credit Fee. A fee payable on the unused portion of the Revolving Credit in accordance with the following schedule:
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Examples of Unused Credit Fee in a sentence

  • The Unused Credit Fee shall be computed on the basis of a year consisting of three hundred sixty (360) days but applied to the actual number of days elapsed.

  • In relation to the FY11 FFS baseline, both MCOs reported higher costs in CY12, with Aetna’s figure about 37% higher than the baseline figure and IlliniCare’s 8% higher.The team reviewed hospital claims for the Chicago comparison group for approximately the same period of time (FY11 thru FY13) to see what changes occurred for the ICP eligible population in the FFS Medicaid program.

  • The Unused Credit Fee shall be and is payable quarterly in arrears on the last day of each March, June, September and December, commencing on the first such day to occur after the date hereof, and on the date the Credit terminates.

  • For purposes of the calculation of the Unused Credit Fee, the unused portion of the Revolving Credit shall be the average daily Available Revolving Credit Amount during the applicable quarter.

  • An Applicant may withdraw an Application prior to receiving a Commitment, Determination Notice, Carryover Allocation Document or Housing Credit Allocation, or may cancel a Commitment or Determination Notice by submitting to the Department written a notice, as applicable, of withdrawal or cancellation, and subject to the Unused Credit Fee or Penalty in§50.14(n) of this chapter.

  • The Borrowers shall pay to the Lender an Unused Credit Fee for the period from and after the date hereof through and including the date the Credit is terminated in the amount and at the times set forth in Supplement A.

  • The accrued portion of the Unused Credit Fee shall be due and payable to Bank in arrears on each Quarterly Payment Date.

  • In addition to interest, the Borrowers shall pay a monthly unused Line of Credit fee at an annual percentage rate of one-quarter of one percent (0.25%) on the average daily unborrowed maximum principal amount available (without regard to the percentage limitations for Eligible Receivables and cash or cash equivalents) under the Line of Credit (the "Unused Credit Fee").

  • POLICY 9210 ­ PARENT ORGANIZATIONSThe Board of Education supports all organizations of parents whose objectives are to promote the educational experiences of District students.

  • The Borrower shall pay the Lender a fee (the "Unused Credit Fee") for the period from and after the date hereof through and including the date the Line of Credit Facility is terminated in an amount equal to 0.375% per annum of the average Daily Unused Line of Credit Amount, calculated on the basis of actual days elapsed over a year of 360 days and twelve 30-day months.


More Definitions of Unused Credit Fee

Unused Credit Fee shall have the meaning given such term in Section 2.5.
Sample 1
Unused Credit Fee for purposes of this section shall mean one-quarter of one percent (0.25%) of the average of balance of unused principal amount of the Line of Credit, as measured monthly and averaged over the preceding three (3) month period divided by four (4).
Sample 1

Related to Unused Credit Fee

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

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

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

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

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

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

  • Letter of Credit Fee Rate means, at any time, the percentage rate per annum applicable to Letter of Credit Fees at such time as set forth in the Pricing Schedule.

  • Applicable Letter of Credit Fee Rate means, at any time, with respect to Letters of Credit, the percentage rate per annum which is applicable at such time as set forth in the Pricing Schedule.

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

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

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

  • Unused Revolving Line Facility Fee is defined in Section 2.4(c). [Signature page follows.]

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Unused Fee Rate means 0.50% per annum.

  • Applicable Letter of Credit Fee Rate shall mean 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 “Letter of Credit Fee.” Applicable Margin shall mean, as applicable:

  • Unused Amount means the Maximum Line reduced by outstanding Revolving Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one-half of one percent (0.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • 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 February 28, 2015, 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": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

  • Letter of Credit Fees shall have the meaning set forth in Section 3.2.

  • Applicable Commitment Fee Rate means:

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

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

  • 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.

  • Unused Commitment means at any date, with respect to any Bank, an amount equal to its Commitment less the aggregate outstanding principal amount of its Loans.

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

  • Applicable Commitment Fee Rate shall mean 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.”