Unused Line of Credit Fee definition

Unused Line of Credit Fee is defined in the Fee Letter.
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Unused Line of Credit Fee has the meaning set forth in Section 2.4 hereof.
Sample 1
Unused Line of Credit Fee means an unused line of credit fee, payable quarterly, equal to .25% of the unused principal amount of the Line of Credit, measured annually.
Sample 1

Examples of Unused Line of Credit Fee in a sentence

  • The Commitment Fee, the Unused Line of Credit Fee and all payments of principal of, and interest on, the Notes shall be made in immediately available funds to the Lender at its office in Birmingham, Alabama or at such other address as Lender may instruct from time to time.

  • So long as this Agreement is in effect, Grad Partners shall pay to Lender an unused line of credit fee at an annual rate equal to .05% of that portion of the Line of Credit that is not outstanding on each day (the "Unused Line of Credit Fee"), which shall be payable on the first (1st) day of each calendar quarter in arrears for the previous calendar quarter with a final payment due on the termination of this Agreement.

  • Graves argues he is entitled to summary judgment asto Count I and Count II because S&G cannot establish that he misappropriated information which constitutes a trade secret under the DTSA and the HUTSA.

  • The Company is subject to an Unused Line of Credit Fee, net of borrowings or letters of credit, under the Line of Credit.

Related to Unused Line of Credit Fee

  • Unused Line Fee has the meaning specified in Section 2.5.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • Letter of Credit Fee Rate means, with respect to a Letter of Credit, the annual percentage per annum indicated below the reference to “Letters of Credit” in the definition of “Applicable Margin” relevant to the period in respect of which determination is being made, as adjusted pursuant to the definition of “Applicable Margin”.

  • Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

  • Unused Facility Fee has the meaning specified in Section 2.09(a).

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Letter of Credit Fees shall have the meaning set forth in Section 3.2.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable Letter of Credit Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.” Applicable Margin shall mean, as applicable:

  • Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).

  • Facility Letter of Credit Fee is defined in Section 2A.8.

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including the last day of the third full calendar month following the Closing Date, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: I > 50% of the Maximum Revolver Amount 0.375 percentage points II ≤ 50% of the Maximum Revolver Amount 0.50 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by Agent.

  • Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Undrawn Fee Rate has the meaning set forth in the Fee Letter.

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Unused Fee Rate means 0.50% per annum.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Unused Fee has the meaning specified in Section 2.09(a).

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof: 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Ratings-Based Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee.