Unused Line Fee Percentage means, with respect to any calendar month, (i) if the average Usage Percentage is less than 50.00% during such calendar month, [***]% per annum, and (ii) if the Usage Percentage is greater than or equal to 50.00% during such calendar month, [***]% per annum.
Unused Line Fee Percentage means (a) for each calendar month for which the average outstanding principal balance of the Obligations is greater than or equal to fifty percent (50%) of the Total Credit Facility, 0.50% per annum and (b) for each calendar month for which the average outstanding principal balance of the Obligations is less than fifty percent (50%) of the Total Credit Facility, 1.0% per annum.
Unused Line Fee Percentage means [***]% per annum.
Examples of Unused Line Fee Percentage in a sentence
Borrowers agree to pay, on the 1st day of each month and on the Maturity Date, to Agent, for the account of Lenders, in accordance with their respective Pro Rata Shares, an unused line fee (the “Unused Line Fee”) at the rate of the applicable Unused Line Fee Percentage based on the result of (i) the Total Credit Facility minus (ii) the average daily Credit Facility Exposure during the immediately preceding month.
More Definitions of Unused Line Fee Percentage
Unused Line Fee Percentage means the percentage corresponding to the Unused Line Fee given in the definition of Applicable Margin.
Unused Line Fee Percentage means, with respect to any Lender or Lender Group, the “Unused Line Fee Percentage” set forth in the Fee Letter to which such Lender or Lender Group is a party.
Unused Line Fee Percentage means [***]% per annum if the Usage Percentage is [***]% or more and [***]% per annum if the Usage Percentage is less than [***]%.
Unused Line Fee Percentage means, for any date of calculation, a per annum rate equal to (a) 0.50%, if the average daily balance of Revolving Loans and stated amount of Letters of Credit was less than 50% of the Maximum Revolver Amount during the preceding calendar month, or (b) 0.375%, if such average daily balance was 50% or more of the Maximum Revolver Amount during the preceding calendar month.
Unused Line Fee Percentage means one quarter of one percent (0.25%).
Unused Line Fee Percentage means (a) for each calendar month for which the average outstanding principal balance of the Loan is equal to or greater than $20,000,000, 0.60% per annum and (b) for each calendar month for which the average outstanding principal balance of the Loan is less than $20,000,000, 0.75% per annum, in each case computed on the basis of a Three Hundred Sixty (360) day year and the actual number of days elapsed. follows:(c) Interest. Section 2.6(a) of the Loan Agreement is amended and restated as
Unused Line Fee Percentage. (a) with respect to a calendar month for which the daily average Credit Facility Exposure is equal to or greater than 65% of the Total Credit Facility, 0.375% per annum, (b) with respect to a calendar month for which the daily average Credit Facility Exposure is less than 65% of the Total Credit Facility but greater than or equal to 30% of the Total Credit Facility, 0.500% per annum and (c) with respect to a calendar month for which the daily average Credit Facility Exposure is less than 30% of the Total Credit Facility, 0.650% per annum.