Unused Fee Rate definition
Unused Fee Rate has the meaning set forth in the Fee Letter.
Unused Fee Rate means a rate equal to 0.50% per annum.
Unused Fee Rate means a per annum rate equal to 0.25%.
Examples of Unused Fee Rate in a sentence
Borrowers shall pay to the Administrative Agent, for the ratable benefit of each Revolving Lender based on its Revolving Committed Amount, a per annum fee equal to the Unused Fee Rate for each day during the period of determination multiplied by the amount by which the then Revolving Committed Amount for all Revolving Lenders on such day exceeds the Revolving Principal Amount outstanding on such day.
More Definitions of Unused Fee Rate
Unused Fee Rate means 0.50% per annum.
Unused Fee Rate means a per annum rate equal to (a) 0.25%, if the average daily Unused Facility Amount was less than 40% of the Aggregate Revolving Credit Commitments during the preceding Fiscal Quarter, or (b) 0.35%, if the average daily Unused Facility Amount was 40% or more of the Aggregate Revolving Credit Commitments during such Fiscal Quarter.
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 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 (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 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%).