Unused Line Fee Percentage definition

Unused Line Fee Percentage means, with respect to any calendar month, (i) if the average Usage Percentage is less than 50.00% during such calendar month, [***]% per annum, and (ii) if the Usage Percentage is greater than or equal to 50.00% during such calendar month, [***]% per annum.

Unused Line Fee Percentage means (a) for each calendar month for which the average outstanding principal balance of the Obligations is greater than or equal to fifty percent (50%) of the Total Credit Facility, 0.50% per annum and (b) for each calendar month for which the average outstanding principal balance of the Obligations is less than fifty percent (50%) of the Total Credit Facility, 1.0% per annum.

Unused Line Fee Percentage means the percentage set forth in the definition of “Applicable Rate” under the column titled “Unused Line Fee”.

Examples of Unused Line Fee Percentage in a sentence

• The Unused Line Fee shall be, for each day after the Closing Date through the Maturity Date, an amount equal to (a) the difference between (1) the Maximum Amount, and (2) the closing balance of the Loans for such day, multiplied by (b) the Applicable Unused Line Fee Percentage, the product of which is then divided by (c) 360.

• Borrowers shall pay to Agent, for the Pro Rata benefit of Lenders, a fee equal to the Unused Line Fee Percentage times the amount by which the Revolver Commitments exceed the average daily balance of Revolver Loans and stated amount of Letters of Credit during any month.

• Borrowers agree to pay, on the 1st day of each month and on the Maturity Date, to Agent, for the account of Lenders, in accordance with their respective Pro Rata Shares, an unused line fee (the “Unused Line Fee”) at the rate of the applicable Unused Line Fee Percentage based on the result of (i) the Total Credit Facility minus (ii) the average daily Credit Facility Exposure during the immediately preceding month.

• These historical Gentherm financial results, which are non-GAAP measures, are provided to help shareholders understand Gentherm’s results of operations in light of the 2011 acquisition of W.E.T. These non-GAAP financial measures should be viewed in addition to, and not as an alternative for, Gentherm’s reported results prepared in accordance with GAAP.

• A fee (the “Unused Revolving Line Facility Fee”), payable monthly, in arrears, on a calendar year basis, in an amount per annum equal to the Unused Line Fee Percentage of the average unused portion of the Revolving Line, as reasonably determined by Bank.

More Definitions of Unused Line Fee Percentage

Unused Line Fee Percentage means [***]% per annum.

Unused Line Fee Percentage means, with respect to any Lender or Lender Group, the “Unused Line Fee Percentage” set forth in the Fee Letter to which such Lender or Lender Group is a party.

Unused Line Fee Percentage means [***]% per annum if the Usage Percentage is [***]% or more and [***]% per annum if the Usage Percentage is less than [***]%.

Unused Line Fee Percentage means, for any date of calculation, a per annum rate equal to (a) 0.50%, if the average daily balance of Revolving Loans and stated amount of Letters of Credit was less than 50% of the Maximum Revolver Amount during the preceding calendar month, or (b) 0.375%, if such average daily balance was 50% or more of the Maximum Revolver Amount during the preceding calendar month.

Unused Line Fee Percentage means one quarter of one percent (0.25%).

Unused Line Fee Percentage means (a) for each calendar month for which the average outstanding principal balance of the Loan is equal to or greater than $20,000,000, 0.60% per annum and (b) for each calendar month for which the average outstanding principal balance of the Loan is less than $20,000,000, 0.75% per annum, in each case computed on the basis of a Three Hundred Sixty (360) day year and the actual number of days elapsed. follows:(c) Interest. Section 2.6(a) of the Loan Agreement is amended and restated as

Unused Line Fee Percentage. (a) with respect to a calendar month for which the daily average Credit Facility Exposure is equal to or greater than 65% of the Total Credit Facility, 0.375% per annum, (b) with respect to a calendar month for which the daily average Credit Facility Exposure is less than 65% of the Total Credit Facility but greater than or equal to 30% of the Total Credit Facility, 0.500% per annum and (c) with respect to a calendar month for which the daily average Credit Facility Exposure is less than 30% of the Total Credit Facility, 0.650% per annum.