Unused Fee Margin definition

Unused Fee Margin means that per annum percentage rate determined by Agent from time to time in accordance with the following matrix: Unused Fee Margin Leverage Ratio ----------------- -------------- 0.25% Less than 1.00 to 1.0 0.35% Equal to or greater than 1.00 to 1.0 but less than 2.00 to 1.0 0.50% Equal to or greater than 2.00 to 1.0

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Unused Fee Margin means that per annum percentage rate determined by Agent from time to time in accordance with the following matrix:

Unused Fee Margin means that per annum percentage rate determined by Agent from time to time in accordance with the following matrix: I 0.25% Less than 1.00 to 1.0 II 0.35% Equal to or greater than 1.00 to 1.0 but less than 2.00 to 1.0 III 0.50% Equal to or greater than 2.00 to 1.0 In the event VSE fails to provide such consolidated financial statements and Compliance Certificate to the Agent when due, the Unused Fee Margin shall be set at the margin corresponding to “Tier III” in the table above until such time as such consolidated financial statements and Compliance Certificate are submitted to and accepted by the Agent pursuant to this Agreement.

Examples of Unused Fee Margin in a sentence

• Borrowers shall pay to Agent for the ratable benefit of Lenders a revolving credit facility fee (collectively, the "Revolving Credit Unused Line Fees" and individually, a "Revolving Credit Unused Line Fee") in an amount equal to the Unused Fee Margin multiplied by the average daily unused and undisbursed portion of the Revolving Credit Committed Amount in effect from time to time accruing during each calendar quarter.

• Borrowers shall pay to Lender a revolving credit facility fee (collectively, the "Revolving Credit Unused Line Fees" and individually, a "Revolving Credit Unused Line Fee") in an amount equal to the Unused Fee Margin multiplied by the average daily unused and undisbursed portion of the Revolving Credit Committed Amount in effect from time to time accruing during each calendar quarter.

• Borrowers shall pay to Agent for the ratable benefit of Lenders a revolving credit facility fee (collectively, the “Revolving Credit Unused Line Fees” and individually, a “Revolving Credit Unused Line Fee”) in an amount equal to the Unused Fee Margin multiplied by the average daily unused and undisbursed portion of the Revolving Credit Committed Amount in effect from time to time accruing during each calendar quarter.

More Definitions of Unused Fee Margin

Unused Fee Margin means that per annum percentage rate determined by Lender from time to time in accordance with the chart set forth below. Revolving Credit Unused Line Fee Leverage Ratio -------------------------------- -------------- 0.10% Less than 1.0 to 1.0 0.15% Equal to or greater than 1.0 to 1.0 but less than 2.0 to 1.0 0.20% Equal to or greater than 2.0 to 1.0

Unused Fee Margin means, as of any date of determination, the following percentage based upon Borrowers’ most recent Senior Debt to EBITDA Ratio calculation (determined as set forth in the following paragraph); provided, however, that for the period from the Sixth Amendment Effective Date, through the date that is 90 days after the Sixth Amendment Effective Date, the applicable Unused Fee Margin shall be 0.375 percent: Except as set forth in the foregoing proviso, the Unused Fee Margin shall (a) be based upon Borrowers’ most recent Senior Debt to EBITDA Ratio calculation, and (b) be re-determined each fiscal quarter on the first day of the fiscal month following the date Borrowers deliver to Agent the certified calculation of Senior Debt to EBITDA Ratio pursuant to Section 6.3 hereof; provided, however, that if Borrowers fail to provide such certification when such certification is due, the applicable Unused Fee Margin shall be set at the margin in the row styled “Level II” as of the first day of the fiscal month following the date on which the certification was required to be delivered until the date on which such certification is delivered (on which date (but not retroactively), without constituting a waiver of any Default or Event of Default occasioned by the failure to timely deliver such certification, the Unused Fee Margin shall be set at the margin based upon the Senior Debt to EBITDA Ratio calculation disclosed by such certification). Notwithstanding anything in this Agreement to the contrary in the event that the audited financial statements required under Section 6.3(b) for any fiscal year of Parent and its Subsidiaries shall indicate that the actual Senior Debt to EBITDA Ratio was higher or lower for any fiscal quarter in such fiscal year than previously reported in a certified calculation of the Senior Debt to EBITDA Ratio for such fiscal quarter, then the Unused Fee Margin shall be adjusted retroactively (to the effective date of the adjustment to the Unused Fee Margin which was based upon the delivery of such certified calculation) to reflect the correct margin, and the Borrowers shall make payment to or receive credit from (as applicable) the Lenders to reflect such adjustment.