Unused Rate definition

Unused Rate means the following percentages per annum based upon the Daily Usage as set forth below: <50% 0.25%
Unused Rate means, with respect to the Aggregate Revolving Commitments as of any date, a percentage per annum equal to (a) if the Total Revolving Outstandings is less than fifty percent (50%) of the Aggregate Revolving Commitments, three-tenths percent (0.30%) and (b) if the Total Revolving Outstandings is greater than or equal to fifty percent (50%) of the Aggregate Revolving Commitments, two-tenths percent (0.20%).
Unused Rate means 0.15%.

Examples of Unused Rate in a sentence

  • Borrower shall pay to Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, an unused fee equal to the Unused Rate times the actual daily amount by which the Aggregate Commitments exceed the Total Outstandings, subject to adjustment as provided in Section 2.15.


More Definitions of Unused Rate

Unused Rate means with respect to any day during an Interest Accrual Period:
Unused Rate means a percentage per annum equal to 0.40%.
Unused Rate means, as of any date, (a) a percentage per annum equal to twenty-five basis points (0.25%) if on such date the Total Outstandings are less than or equal to fifty percent (50%) of the Aggregate Commitments and (b) a percentage per annum equal to twenty basis points (0.20%) if on such date the Total Outstandings are greater than fifty percent (50%) of the Aggregate Commitments.
Unused Rate means, with respect to the Aggregate Revolving Commitments as of any date, a percentage per annum equal to (a) if the Total Revolving Outstandings is less than fifty percent (50%) of the Aggregate Revolving Commitments, four tenths percent (0.40%) and (b) if the Total Revolving Outstandings is greater than or equal to fifty percent (50%) of the Aggregate Revolving Commitments, three tenths percent (0.30%).
Unused Rate means 0.65%.
Unused Rate means, with respect to the Aggregate Revolving Commitments as of any date, a percentage per annum equal to (a) if the Total Revolving Outstandings is less than 50% of the Aggregate Revolving Commitments, 0.40% and (b) if the Total Revolving Outstandings is greater than or equal to 50% of the Aggregate Revolving Commitments, 0.30%.