Unused Fee Rate definition

Unused Fee Rate means a per annum rate equal to 0.25%.

Unused Fee Rate means 0.50% per annum.

Unused Fee Rate has the meaning set forth in the Fee Letter.

Examples of Unused Fee Rate in a sentence

• If there is any change in the Unused Fee Rate during any quarter, the actual daily amount shall be computed and multiplied by the Unused Fee Rate separately for each period during such quarter that such Unused Fee Rate was in effect.

• The Borrowers shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Applicable Revolving Credit Percentage, a fee (the “Unused Fee”) equal to the Unused Fee Rate times the Unused Facility Amount.

• The Borrower shall pay, in accordance with Section 2.04, pro rata to each Lender, an unused fee (the “Unused Fee”) payable in arrears for each Remittance Period, equal to the sum of the products for each day during such Remittance Period of (a) one divided by three hundred and sixty (360), (b) the applicable Unused Fee Rate and (c) the positive difference, if any, of the Facility Amount less the greater of (i) the Advances Outstanding on such date and (ii) the Minimum Utilization.

• The Unused Fee shall be calculated in arrears and if different Unused Fee Rates apply during any period of calculation, the daily amount shall be computed and multiplied by the applicable Unused Fee Rate for each period during which such Unused Fee Rate was in effect.

• Borrower shall pay to Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, an unused fee (the “Unused Fee”) on the average daily unused amount of the Commitment of such Lender for the period from the Effective Date to the Maturity Date, at a rate equal to the applicable Unused Fee Rate.

More Definitions of Unused Fee Rate

Unused Fee Rate means, for any applicable period, (i) 0.25%, if the Usage Percentage for such period is equal to or less than 50%, or (ii) 0.15%, if the Usage Percentage for such period is greater than 50%.

Unused Fee Rate means the percentage set forth below opposite the applicable ratio:

Unused Fee Rate means the applicable per annum percentage set forth in the definition of “Applicable Rates”.

Unused Fee Rate means (a) during the Ramp-Up Period, a rate equal to 0.25% per annum and (b) thereafter, a rate equal to 0.50% per annum.

Unused Fee Rate means a rate equal, with respect to any day, 0.50% on the Unused Facility Amount.

Unused Fee Rate means for any calendar quarter (a) thirty hundredths of one percent (0.30%) per annum if the average daily Commitment Utilization Percentage for such quarter is less than or equal to fifty percent (50%) and (b) twenty hundredths of one percent (0.20%) per annum if the average daily Commitment Utilization Percentage for such quarter is greater than fifty percent (50%).

Unused Fee Rate means the percentage used to calculate the Unused Commitment Fee (as such term is defined in Section 8(a) hereof), which percentage shall be: