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, 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 0.15%.
Examples of Unused Rate in a sentence
The Borrowers shall pay to Administrative Agent for the account of each Lender in accordance with its Pro Rata Share an unused fee calculated daily equal to the Unused Rate multiplied by the amount by which the average daily Maximum Commitments during the immediately preceding calendar quarter exceeded the Dollar Equivalent of the average daily Principal Obligations during such period, calculated on the basis of actual days elapsed in a year consisting of 360 days and payable in Dollars.
More Definitions of Unused Rate
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, one-quarter percent (0.25%) and (b) if the Total Revolving Outstandings is greater than or equal to fifty percent (50%) of the Aggregate Revolving Commitments, one-fifth percent (0.20%).
Unused Rate means with respect to any day during an Interest Accrual Period:
Unused Rate means a percentage rate per annum equal to 0.40%.
Unused Rate means, as of any date, (a) a percentage per annum equal to 25 basis points (0.25%) if on such date the Total Outstandings are less than or equal to 50% of the Aggregate Commitments and (b) a percentage per annum equal to 20 basis points (0.20%) if on such date the Total Outstandings are greater than 50% of the Aggregate Commitments.
Unused Rate means the following percentages per annum based upon the Daily Usage as set forth below:
Unused Rate means 0.65%.
Unused Rate means, with respect to the unused fee to be paid on any date that the Applicable Rate is determined pursuant to clause (a) of the definition of Applicable Rate, (a) a percentage per annum equal to one 0.20% if on such date the Total Outstandings are less than fifty percent (50%) of the Aggregate Commitments and (b) a percentage per annum equal to 0.15% if on such date the Total Outstandings are greater than or equal to fifty percent (50.0%) of the Aggregate Commitments.