Unused Facility Fee Rate definition

Unused Facility Fee Rate means (a) at any time that the Overall Unused Amount is greater than fifty percent (50%) of the Revolving Credit Facility, 0.50% per annum and (b) at any time that the Overall Unused Amount is less than or equal to fifty percent (50%) of the Revolving Credit Facility, 0.375%.

Unused Facility Fee Rate means for each period commencing on an Adjustment Date through the date immediately preceding the next Adjustment Date, the following percentages per annum applicable to the Unused Facility Fee, corresponding to the Average Overall Used Percentage (as determined on each Adjustment Date (commencing with the first Adjustment Date following the Closing Date) based on the immediately preceding Fiscal Month or the portion thereof, in the case of the first Adjustment Date following the Closing Date): I Less than or equal to 45.00% 1.00% II Greater than 45.00% but less than or equal to 75.00% 0.75% III Greater than 75.00% 0.375%

Unused Facility Fee Rate means a rate equal to 0.75% per annum payable to the Senior A Facility Agent for the account of each Revolving Credit Lender, as more particularly set forth in Section 2.13(a).

Examples of Unused Facility Fee Rate in a sentence

• The Borrowers shall pay to the Administrative Agent for the account of the Revolving Credit Lenders in accordance with their Applicable Percentages, an unused facility fee (the “Unused Facility Fee”) equal to the Unused Facility Fee Rate times the daily average amount of Overall Unused Amount for the applicable calendar month for which such Unused Facility Fee is due.

• From and after the Closing Date and until the Obligations are paid in full and this Agreement is terminated or, if sooner, the date the Commitment terminates, Borrower shall pay to Lender a fee (the "Unused Facility Fee") accruing at the "Unused Facility Fee Rate" (as that term is hereinafter defined) upon an amount equal to the average daily difference between (x) the Commitment and (y) the aggregate amount of all Advances outstanding hereunder during the Fiscal Quarter in question.

• The Borrowers shall pay to the Revolver Agent for the account of the Revolving Credit Lenders in accordance with their Applicable Percentages, an unused facility fee (the “Unused Facility Fee”) equal to the Unused Facility Fee Rate times the daily average amount of Overall Unused Amount for the applicable calendar month for which such Unused Facility Fee is due.

More Definitions of Unused Facility Fee Rate

Unused Facility Fee Rate means the per annum rate agreed to by the Borrower and the Initial Lender.

Unused Facility Fee Rate means the applicable rate per annum set forth below under the caption "Unused Facility Fee Rate" for any Unused Commitment amounts based upon the range into which the Leverage Ratio then falls in accordance with the following table: Unused Facility Fee Leverage Ratio Rate (bps) -------------- ---------- less than 30% 15.0 30%-less than 45% 17.5 45%-55% (or higher) 20.0 Any change in the Unused Facility Fee Rate shall be effective as of the financial reporting dates set forth in Section 5.01 or as of the date of any borrowing on which the Leverage Ratio changes.

Unused Facility Fee Rate means 0.50% per annum.

Unused Facility Fee Rate means the per annum percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Notwithstanding the foregoing, for the period from the Effective Date through but excluding the date which is the fifth Business Day following the Administrative Agent’s receipt of the Annual Compliance Certificate for the fiscal year ending December 31, 2009, the Unused Facility Fee Rate shall be determined based on Lxxxx 0 and thereafter, such Unused Facility Fee Rate shall be adjusted from time to time as set forth in the definition of “Applicable Margin”.

Unused Facility Fee Rate means the per annum percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Level Rate 1 0.500 % 2 0.500 % 3 0.500 % 4 0.375 % 5 0.375 % Notwithstanding the foregoing, for the period from the Effective Date through but excluding the date which is the fifth Business Day following the Administrative Agent’s receipt of the Annual Compliance Certificate for the fiscal year ending December 31, 2009, the Unused Facility Fee Rate shall be determined based on Xxxxx 0 and thereafter, such Unused Facility Fee Rate shall be adjusted from time to time as set forth in the definition of “Applicable Margin”.

Unused Facility Fee Rate means the per annum percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Notwithstanding the foregoing, (a) for the period from the Effective Date through but excluding the date which is the fifth Business Day following the Administrative Agent’s receipt of the Annual Compliance Certificate for the fiscal year ending December 31, 2009, the Unused Facility Fee Rate shall be determined based on Lxxxx 0 for the period prior to the First Amendment Date, and (b) for the avoidance of doubt, on the First Amendment Date the Unused Facility Fee Rate will be adjusted to reflect the Level referenced in the table set forth above for the period on or after the First Amendment Date corresponding to the Level to which the “Applicable Margin” is adjusted on the First Amendment Date in accordance with the definition thereof, and thereafter, such Unused Facility Fee Rate shall be adjusted from time to time as set forth in the definition of “Applicable Margin”.

Unused Facility Fee Rate has the meaning set forth on Exhibit H.