Unused Facility Fees definition

Unused Facility Fees has the meaning given to it in the Funding Costs Fee Letter;
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Unused Facility Fees means, with respect to any Lender, the “Unused Facility Fees” or analogous term in the fee letter by and between the Borrower and such Lender.
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Unused Facility Fees. For any given calendar quarter, Seller’s average outstanding Transactions must be greater than or equal to 75% of the Aggregate Transaction Limit, otherwise Seller shall pay Buyer 25 basis points (0.25%) times the unused portion of the Aggregate Transaction Limit, annualized. For the purposes of this calculation, outstanding Transactions shall include EPP Loans under Seller’s EPP Addendum with Buyer. Transaction Request Deadline: 2:00 p.m. (Pacific time). Deadline for Daily Receipt Of Purchase Advices by Buyer: 2:00 p.m. (Pacific time). Minimum Over/Under
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Examples of Unused Facility Fees in a sentence

  • Any accrued but unpaid Unused Facility Fees shall also be due and payable on the Expiration Date.

  • All computations of Interest, Call Premiums, Unused Facility Fees and per annum Fees under the Transaction Documents shall be made on the basis of a year consisting of three hundred sixty-five (365) days or, in the case of a leap year, three hundred sixty-six (366) days).

  • Except as otherwise provided pursuant to Section 2.14, with respect to liquidated Unused Facility Fees, all Unused Facility Fees shall be payable monthly in arrears on each Payment Date and shall be set forth on the applicable Monthly Payment Statement.

  • Borrower acknowledges that the Unused Facility Fees payable hereunder are bona fide commitment fees and are intended as reasonable compensation to Lenders for committing to make funds available to Borrower as described herein and for no other purposes.

  • All such Unused Facility Fees payable under this paragraph shall be payable in arrears on the fifth Business Day in each calendar quarter beginning with the first calendar quarter after the Closing Date.

  • Lender shall deliver to Borrower an invoice (the “Monthly Payment Statement”) detailing the interest, Unused Facility Fees, Minimum Usage Fees, Minimum Servicing Fees, Credit Enhancement Fees and other fees due and payable.

  • All Unused Facility Fees shall be computed on the basis of a year of a year of 365 days (or 366 days in a leap year) and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

  • The Borrower hereby authorizes the Agent and each Lender to make a Revolving Loan (which shall be a Base Rate Loan denominated in Dollars and which may be a Swing Loan) to pay (i) interest, principal (including Swing Loans), agent fees, Unused Facility Fees and Letter of Credit Fees, in each instance, on the date due, or (ii) after five (5) days prior notice to the Borrower, other fees, costs or expenses payable by the Borrower or any of its Subsidiaries hereunder or under the other Loan Documents.

  • All Revolving Unused Facility Fees shall be computed on the basis of a year of three hundred sixty (360) days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

  • Except as otherwise provided in connection with Borrower's election to terminate this Agreement prior to the Maturity Date pursuant to Section 2.13.2, in which instance a liquidated Unused Facility Fee shall be payable in accordance with the provisions of Section 2.13.2, all Unused Facility Fees shall be payable monthly in arrears on each Payment Date and shall be set forth on the applicable Monthly Payment Statement.


More Definitions of Unused Facility Fees

Unused Facility Fees has the meaning assigned to it in Section 2.4(b).
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Unused Facility Fees has the meaning assigned to it in Schedule 2.4(b).
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Unused Facility Fees. For any given calendar quarter and on the Expiration Date, Seller shall pay in arrears to Buyer an amount equal to the product of (i) [***] and (ii) the unused portion of the Aggregate Transaction Limit, annualized), in accordance with Section 5.1 of the Agreement; provided, that Sellers shall only be required to pay an Unused Facility Fee for such period if, the Average Quarterly Utilization during such quarter is less than 50%.
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Related to Unused Facility Fees

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

  • Facility Fees has the meaning provided in Section 2.11(a).

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

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Unused Fees has the meaning assigned to such term in the Lender Fee Letter.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof: 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Ratings-Based Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

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

  • 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.

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

  • 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.

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such 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 the last day of the third full calendar month following the Closing Date, 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”: I > 50% of the Maximum Revolver Amount 0.375 percentage points II ≤ 50% of the Maximum Revolver Amount 0.50 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by Agent.

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

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable Commitment Fee Rate means 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.”

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

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

  • Commitment Fees has the meaning set forth in Section 2.11(a).

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

  • 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.”

  • 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: II 10.0 V 17.5

  • 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.