Non-Utilization Fee. The Seller shall pay to the Purchaser on each Settlement Date a non-utilization fee equal to the sum of the amounts calculated for each day during the Settlement Period ending immediately prior to such Settlement Date which is equal to (x) 0.375%, multiplied by (y) the amount, if any, by which the Facility Limit exceeds the Aggregate Net Investment on such day and divided by (z) 365.
Appears in 6 contracts
Sources: Receivables Purchase Agreement (Wintrust Financial Corp), Receivables Purchase Agreement (Wintrust Financial Corp), Receivables Purchase Agreement (Wintrust Financial Corp)
Non-Utilization Fee. The Seller shall pay to the Purchaser on each Settlement Date a non-utilization fee equal to the sum of the amounts calculated for each day during the Settlement Period ending immediately prior to such Settlement Date which is equal to (x) 0.3750.35%, multiplied by (y) the amount, if any, by which the Facility Limit exceeds the Aggregate Net Investment on such day and divided by (z) 365.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Wintrust Financial Corp)
Non-Utilization Fee. The Seller shall pay to the Purchaser on each Settlement Date a non-utilization fee equal to the sum of the amounts calculated for each day during the Settlement Period ending immediately prior to such Settlement Date which is equal to (x) 0.35% until December 16, 2019 and 0.375%% thereafter, multiplied by (y) the amount, if any, by which the Facility Limit exceeds the Aggregate Net Investment on such day and divided by (z) 365.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Wintrust Financial Corp)