Undrawn Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, an undrawn fee (the “Undrawn Fee”) equal to the Applicable Rate times the actual daily amount by which the Aggregate Commitments exceed the sum of (i) the Outstanding Amount of Committed Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.16. For the avoidance of doubt, the Undrawn Fee will be calculated without regard to outstanding Swing Line Loans. The Undrawn Fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period. The Undrawn Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.
Undrawn Fee. The Borrower shall pay, in accordance with Section 2.04, pro rata to each Lender (either directly or through the applicable Lender Agent), an undrawn fee (the “Undrawn Fee”) payable in arrears for each Remittance Period, equal to the sum of the products for each day during such Remittance Period of (i) one divided by 360, (ii) the applicable Undrawn Fee Rate on such day, and (iii) the Undrawn Fee Calculation Basis on such day minus the Advances Outstanding on such day (the amount set forth in this clause (iii), the “Unused Portion”).
Undrawn Fee. (a) The Borrower shall pay to the Administrative Agent in accordance with Section 2.04 and for the pro rata benefit of each Lender, an undrawn fee (the “Undrawn Fee”) payable in arrears for each Remittance Period, equal to the sum of the products for each day during such Remittance Period of (i) one divided by 360, (ii) the applicable Undrawn Fee Rate on such day, and (iii) the Aggregate Total Commitments minus the Advances Outstanding on such day (such amount, the “Unused Portion”).
Undrawn Fee. Borrower shall pay each Lender an undrawn fee (the “Undrawn Fee”), which shall accrue on a daily basis on such Lender’s outstanding Commitment from the Closing Date through the last date of the Availability Period at a rate equal to the Undrawn Fee Percentage (regardless of whether the conditions set forth in Article 4 are met on any such day), calculated on the basis of the actual days elapsed and a year of 360 days, and shall be payable quarterly in arrears on each Interest Payment Date in Cash.
Undrawn Fee. On each Undrawn Fee Payment Date, the Borrower shall pay to the Administrative Agent, for the account of each applicable Lender, a commitment fee for each such Lender (the “Undrawn Fees”) in an amount equal to the Undrawn Fee Amount.
Undrawn Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender, in cash, a fee (the “Undrawn Fee”) in an amount equal to (x) [***]% per annum multiplied by, (y) the undrawn Delayed Draw Commitment Amounts, which Undrawn Fee shall be payable on the last day of each month (provided that if such day is not a Business Day, then such Undrawn Fee shall be made on the next succeeding Business Day), until the Fifth Delayed Draw Commitment Termination Date (and if the Fifth Delayed Draw Commitment Termination Date occurs on a date that is not the last day of a month, the amount of the fee for the corresponding month shall be a prorated amount for the portion of such month ending on the Fifth Delayed Draw Commitment Termination Date and shall be paid on such date). For purposes of this Section 3.10, the Undrawn Fee shall be calculated on a daily basis. The Undrawn Fee shall be fully earned and nonrefundable under any circumstances, and in addition to, and not creditable against, any other fee, cost or expense payable under the Investment Documents.
Undrawn Fee. On each Scheduled Payment Date and on the last day of the Availability Period, the Borrower shall pay to the Administrative Agent, for the account of each Lender, a commitment fee (the “Undrawn Fees”) equal to 0.50% per annum on the average daily unutilized portion of the Commitment of such Lender during the preceding three (3) month period calculated on an actual 365-day year during the period from the immediately preceding Scheduled Payment Date (or from the Closing Date in the case of the first Scheduled Payment Date) until the earlier of (i) the last day of the Availability Period and (ii) the date on which such Commitment is terminated or expires; provided, that following the date that is six (6) months after the first day of the Availability Period, but prior to the date that is nine (9) months after the first date of the Availability Period, if on any date on which any Undrawn Fee becomes due (x) the Outstanding Principal is less than 25% of the Total Loan Commitment, then the Undrawn Fee payable on such date shall be 1.00% per annum for the preceding six (6) month period less any Undrawn Fees previously paid, or (y) the Outstanding Principal is more than 25% but less than 50% of the Total Loan Commitment, then the Undrawn Fee payable on such date shall be 0.75% for the preceding six (6) month period less any Undrawn Fees previously paid; provided, further, that following the date that is nine (9) months after the first day of the Availability Period, if on any date on which any Undrawn Fee becomes due (1) the Outstanding Principal is less than 25% of the Total Loan Commitment, then the Undrawn Fee payable on such date shall be 1.00% per annum for the applicable period, or (2) the Outstanding Principal is more than 25% but less than 50% of the Total Loan Commitment, then the Undrawn Fee payable on such date shall be 0.75% for the applicable period. Notwithstanding the foregoing, on each Scheduled Payment Date occurring during any three (3) month period following the date on which a Subject Fund is released pursuant to Section 2.10(b) in connection with the refinancing of the Net Cash Flow arising from such Subject Fund, the calculation of the Outstanding Principal, solely for purposes of this Section 2.3(a), shall be deemed to include the amount of all Loans that were advanced in respect of such Subject Fund and were outstanding as of the date on which it ceased to be a Subject Fund under this Agreement;
Undrawn Fee. Borrower shall pay Lender on each Fee Payment Date an undrawn facility fee (the “Undrawn Facility Fee”) equal to the sum of the amounts, for each day in the relevant Quarterly Period, equal to (i) the product of (A) the Undrawn Facility Amount on such day and (B) the Undrawn Facility Spread divided by (ii) 360. The Undrawn Facility Fee shall accrue at all times during the periods specified above, including at any time during which one or more of the conditions in Article 4 is not met.
Undrawn Fee. On each Scheduled Payment Date and on the last day of the Availability Period, the Borrower shall pay to the Administrative Agent, for the account of each Lender, a commitment fee (the “Undrawn Fees”) equal to [***] per annum on the average daily unutilized portion of the Commitment of such Lender during the preceding three (3) month period calculated on an actual 365-day year during the period from the immediately preceding Scheduled Payment Date (or from the Closing Date in the case of the first Scheduled Payment Date) until the earlier of (i) the last day of the Availability Period and (ii) the date on which such Commitment is terminated or expires.
Undrawn Fee. (a) In respect of the Tranche 2 Commitment Amount, the Borrower shall pay to the Agent, for the account of the Lenders in accordance with their respective Proportionate Shares, a fee (the “Tranche 2 Undrawn Fee”) accruing at the per annum rate of one half of one percent (0.50%) on the Tranche 2 Loan Commitment Amount. The Tranche 2 Undrawn Fee shall be payable monthly in arrears on each Payment Date occurring after the Closing Date until the Payment Date for the earlier to occur of (i) the Tranche 2 Borrowing Date and (ii) the month ending June 30, 2022.
