Unused Fee Percentage definition

Unused Fee Percentage means, with respect to any calendar quarter, (i) 0.15% per annum, if the daily average of the sum of the Advances and Facility Letter of Credit Obligations outstanding during such quarter is 50% or more of the daily average Aggregate Commitment during such quarter or (ii) 0.20% per annum if the average of the sum of the Advances and Facility Letter of Credit Obligations outstanding during such quarter is less than 50% of the daily average Aggregate Commitment during such quarter.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Unused Fee Percentage means, with respect to any day during a calendar quarter, three-tenths of one percent (0.30%) per annum.

Unused Fee Percentage has the meaning given to such term in the Fee Letter.

Examples of Unused Fee Percentage in a sentence

The Borrower agrees to pay to the Administrative Agent for the account of each Lender with a Revolving Commitment an unused facility fee (the “Unused Fee”) equal to an aggregate amount computed on a daily basis by multiplying (i) the Unused Fee Percentage applicable to such day, expressed as a per diem rate, times (ii) the excess of the Revolving Commitments over the Outstanding Revolving Amount on such day.
Borrower hereby agrees to pay to the Administrative Agent, for the ratable account of each Lender having a Commitment, a commitment fee on the daily average unused amount of such Lender's Commitment for the period from and including the date of this Agreement to but excluding the Termination Date, at the per annum rate equal to the Applicable Unused Fee Percentage based on a 360-day year, as the case may be, and the actual number of days elapsed.
The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the "Unused Fee") equal to an aggregate amount computed on a daily basis for such calendar year by multiplying the Unused Fee Percentage applicable to such calendar quarter, calculated as a per diem rate, times the excess of the Aggregate Commitment over the outstanding principal balance of the Loans on each day of such calendar quarter.
The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the “Unused Fee”) equal to an aggregate amount computed on a daily basis by multiplying (i) the Unused Fee Percentage expressed as a per diem rate, times (ii) the excess of the Aggregate Commitment over the Allocated Facility Amount on such day.
The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the “Unused Fee”) equal to an aggregate amount computed on a daily basis by multiplying (i) the Unused Fee Percentage applicable to such day, expressed as a per diem rate, times (ii) the excess of the Aggregate Commitment over the Outstanding Facility Amount on such day.

More Definitions of Unused Fee Percentage

Unused Fee Percentage means, with respect to any day during a calendar quarter, (i) 0.15% per annum if the sum of the Loans on such day is 50% or more of the Commitment, or (ii) 0.20% per annum if the sum of the Loans on such day is less than 50% of the Commitment.

Unused Fee Percentage means, as of any date of determination, one of the following:

Unused Fee Percentage means as of any date of determination, one of the following:

Unused Fee Percentage means (a) if the Unused Commitment is less than or equal to 33% of the Revolving Committed Amount, .15% per annum, (b) if the Unused Commitment is less than or equal to 66% of the Revolving Committed Amount but greater than 33% of the Revolving Committed Amount, .20% per annum and (c) if the Unused Commitment is greater than 66% of the Revolving Committed Amount, .25% per annum.

Unused Fee Percentage means one fifth of one percent (0.20%) per annum.

Unused Fee Percentage means, for any day, the percentage set forth below based upon the Usage Percentage as of the end of such day:

Unused Fee Percentage means the percentage listed in the following table. Fixed Charge Coverage Ratio Unused Fee Percentage Less than 1.25 0.375% Equal to or greater than 1.25 but less than 1.50 0.375% Equal to or greater than 1.50 but less than 1.75 0.250% Equal to or greater than 1.75 0.250% with such Fixed Charge Coverage Ratio to be computed as of the last quarterly compliance period.