Unused Line Fee Percentage definition

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, 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.

Examples of Unused Line Fee Percentage in a sentence

• Borrowers shall pay to Agent, for the Pro Rata benefit of Lenders, a fee equal to the Unused Line Fee Percentage times the amount by which the Revolver Commitments exceed the average daily balance of Revolver Loans and stated amount of Letters of Credit during any month.

• The Unused Line Fee shall be, for each day after the Closing Date through the Maturity Date, an amount equal to (a) the difference between (1) the Maximum Amount, and (2) the closing balance of the Loans for such day, multiplied by (b) the Applicable Unused Line Fee Percentage, the product of which is then divided by (c) 360.

• 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.

• A fee (the “Unused Revolving Line Facility Fee”), payable monthly, in arrears, on a calendar year basis, in an amount per annum equal to the Unused Line Fee Percentage of the average unused portion of the Revolving Line, as reasonably determined by Bank.

• The Borrowers shall pay to Agent, for the Pro Rata benefit of Lenders (other than any Defaulting Lender), a fee equal to the Unused Line Fee Percentage times the amount by which the Revolver Commitments (other than the Revolving Commitments of Defaulting Lenders) exceed the average daily Revolver Usage during any month.

More Definitions of Unused Line Fee Percentage

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 (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 one-half of one percent (0.50%).

Unused Line Fee Percentage means the percentage set forth in the definition of “Applicable Rate” under the column titled “Unused Line Fee”.

Unused Line Fee Percentage as defined in the definition of the term “Applicable Margin”.

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 Fifty Percent (50%) of the Maximum Principal Amount, One Half of One Percent (0.50%) per annum and (b) for each calendar month for which the average outstanding principal balance of the Loan is less than Fifty Percent (50%) of the Maximum Principal Amount, Three Quarters of One Percent (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.

Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the most recent average Daily Balance of the Revolver Usage determined by Agent; provided, however, that for the period from the Closing Date through the first day of the next quarter immediately following the Closing Date, the Unused Line Fee Percentage shall be at the percentage in the row styled “Level II”: Except as set forth in the foregoing proviso, the Unused Line Fee Percentage shall be based upon the most recent average Daily Balance of the Revolver Usage, which will be calculated by Agent as of the end of each fiscal quarter. The Unused Line Fee Percentage shall be re-determined quarterly by Agent and any change to the Unused Line Fee Percentage based on the average Daily Balance of the Revolver Usage as of the end of any fiscal quarter shall be effective as of the first day of the immediately following fiscal quarter beginning with the fiscal quarter immediately following the Closing Date.