Unused Fee Rate definition

Unused Fee Rate means 0.50% per annum.

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

Unused Fee Rate means a per annum rate equal to 0.20%.

Examples of Unused Fee Rate in a sentence

• 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.

More Definitions of Unused Fee Rate

Unused Fee Rate shall be the rate specified under the heading “Unused Fee Rate” in the definition of Applicable Margin.

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

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 the applicable per annum percentage set forth in the definition of "Applicable Rates".

Unused Fee Rate means a percentage equal to 0.30% if the weighted average usage during the applicable quarter is less than or equal to 50% of the aggregate Commitments and otherwise shall be equal to 0.25%.

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:

Unused Fee Rate means an annualized percentage equal to two-tenths of one percent (0.20%) if the Total Revolving Credit Exposure during the applicable day is less than or equal to fifty percent (50%) of the aggregate amount of Lenders’ Revolving Commitments and otherwise shall be equal to fifteen-hundredths of one percent (0.15%).