Utilization Fees definition
Utilization Fees has the meaning set forth in Section 3.4(b).
Utilization Fees means, for any period of determination, the positive difference, if any, between (a) the amount of interest that would have accrued under this Agreement for such period on the principal amount of the Advances if the Advances Outstanding for such period was equal to the Minimum Usage Amount and (b) the amount of interest that actually accrued under this Agreement for such period on the principal amounts of the Advances.
Utilization Fees means the fees payable to the Lenders pursuant to Section 3.4(b).
Examples of Utilization Fees in a sentence
If accrued and unpaid Utilization Fees are not paid in full on any applicable Payment Date, the Borrower shall pay additional interest on such accrued and unpaid Utilization Fees at the same rate per annum as the Borrower pays on the Advances, such additional interest being payable on each Payment Date as and to the extent provided in Section 2.08.
The Utilization Fee shall accrue during the applicable Interest Period and accrued Utilization Fees are payable in arrears on each Payment Date and on the last day of the DDTL Availability Period, as calculated on each relevant Reporting Date for the applicable Interest Period, as and to the extent provided in Section 2.08.
All Utilization Fees are fully earned and nonrefundable upon payment.
More Definitions of Utilization Fees
Utilization Fees has the meaning provided in Section 2.11(b).
Utilization Fees means, collectively, the Tranche 2 Utilization Fee and the Tranche 3 Utilization Fee.
Utilization Fees has the meaning set forth in Section 2.09(b).
Utilization Fees means, for any period of determination during the Revolving Period, the positive difference, if any, between (a) the amount of interest that would have accrued under this Agreement for such period on the principal amount of the Advances if the Advances Outstanding for such period was equal to the Minimum Usage Amount and (b) the amount of interest that actually accrued under this Agreement for such period on the principal amounts of the Advances. Any Utilization Fees shall be calculated by the Calculation Agent and included in the Payment Date Report delivered by the Administrative Agent to the Account Bank.
Utilization Fees has the meaning given to it in Section 5.6; and
Utilization Fees has the meaning given to such term in Section 2.05(d). “Valuation Policy” means a Loan Party’s valuation policy as in effect on the Closing Date, as the same may be amended, supplemented or as otherwise modified from time to time by such Loan Party with the prior consent of the Majority Lenders. “Write‐Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write‐down and conversion powers of such EEA Resolution Authority from time to time under the Bail‐In Legislation for the applicable EEA Member Country, which write‐down and conversion powers are described in the EU Bail‐In Legislation Schedule.
Utilization Fees means, collectively, the Tranche 2 Utilization Fee and Tranche 3 Utilization Fee.