Usage Fee Rate definition

Usage Fee Rate means, for each Lender and for each Advance funded by such Lender (without duplication), the meaning set forth in the Fee Letter to which such Lender is a party.

Usage Fee Rate means a rate determined in accordance with Schedule 1.01.

Usage Fee Rate means the applicable rate or rates identified as the “Usage Fee Rate” in the Supplemental Fee Letter.

Examples of Usage Fee Rate in a sentence

• The Liquidity Usage Fees payable on each Settlement Date shall be calculated by the Issuer (and notified by the Issuer to the Master Servicer on or before the corresponding Determination Date) and shall be equal to the product of (i) the Liquidity Usage Fee Rate, (ii) the average daily Face Amount of Issuer CP during the preceding Accrual Period and (iii) the actual number of days in such Accrual Period divided by 360.

• Each of Pentair UK and EuroPentair shall pay to the Administrative Agent for the account of each Committed Lender a usage fee computed at a rate per annum equal to the Usage Fee Rate (plus, upon request of the Required Lenders at any time an Event of Default exists, 2%) on the principal amount of each UK Loan or German Loan, as the case may be, outstanding from time to time.

• The LC Usage Fee Rate shall be determined as provided in the Pricing Grid and may change for each calendar quarter.

• Borrower shall pay to Administrative Agent, for the ratable benefit of the Banks as provided in clause (v) of Subparagraph 2.09(a), nonrefundable usage fees for the Letters of Credit (the "LC Usage Fees") equal to the LC Usage Fee Rate on the daily average available amount of each Letter of Credit for the period beginning on the date such Letter of Credit is issued and ending on the date such Letter of Credit expires.

• Each UK Borrower and EMU Borrower shall pay to the Administrative Agent for the account of each Committed Lender a usage fee computed at a rate per annum equal to the Usage Fee Rate (plus, upon request of the Required Lenders at any time an Event of Default exists, 2%) on the principal amount of each UK Loan or EMU Loan, as the case may be, outstanding from time to time.

More Definitions of Usage Fee Rate

Usage Fee Rate means (i) 0% per annum, for any date on which Level I Status, Level II Status, Level III or Level V Status exists and (ii) 1/8 of 1% per annum, for any date on which Level IV Status exists.

Usage Fee Rate. The meaning specified in the Supplemental Fee Letter to which the Administrative Agent is a party.

Usage Fee Rate means (i) for any Payment Date occurring prior to an Amortization Event, 2.25% per annum and (ii) for any Payment Date occurring on and after an Amortization Event, 0.00% per annum.

Usage Fee Rate shall have the meaning specified in the Fee Letter.

Usage Fee Rate means (i) for any Payment Date occurring prior to an Amortization Event, 2.25% per annum and (ii) for any Payment Date occurring on and after an Amortization Event, 0.00% per annum.” The following definitions shall be added to the Sixth Amended and Restated Standard Definitions in the appropriate alphabetical order: ““Authoritative Copy” means a document, utilizing the electronic signature services of DocuSign that becomes part of an Electronic Timeshare Loan File which is unique, identifiable and has no watermark or other marking that would indicate that it is a “copy” or “duplicate” or not an original or not an “authoritative copy”. ““Deferred Interest Distribution Amount” means, for any Payment Date occurring on and after the occurrence of an Amortization Event, an amount equal to the sum of (i) interest accrued during the related Interest Accrual Period at the Deferred Rate on the related portion of the Outstanding Note Balance immediately prior to such Payment Date and (ii) the amount of unpaid Deferred Interest Distribution Amounts from prior Payment Dates, plus, to the extent permitted by law, interest thereon at the related Deferred Rate. The Deferred Interest Distribution Amount for the Notes will be calculated on the basis of actual number of days elapsed during the Interest Accrual Period and a 360 day year.” ““Deferred Rate” means, with respect to the Notes, the applicable Note Rate plus 4.25%.” ““Deliver” means (x) with respect to a Tangible Timeshare Loan File, to deliver physical possession of such Tangible Timeshare Loan File via reputable overnight delivery service and (y) with respect to an Electronic Timeshare Loan File, to direct the transfer of such Electronic Timeshare Loan File from the vault partition of the Depositor to the Warehouse Vault Partition. The terms “Delivery” and “Delivered” shall have corollary meanings.” ““DocuSign” means DocuSign Inc., a Washington corporation.” ““DocuSign System” means the electronic signature services and the accompanying technology system comprised of proprietary and third party software, hardware, network communications equipment, lines and services, computer servers, data centers, support and maintenance services, security devices and other related technology materials of DocuSign that assists in electronic contracting in the timeshare industry.” ““Electronic Obligor Note” means an Obligor Note which was created electronically using the DocuSign System and stored using the eOriginal System in a ...

Usage Fee Rate means 2.75% per annum.

Usage Fee Rate means either the Class A-1 Usage Fee Rate or the Class A-2 Usage Fee Rate as the context requires.