Applicable Unused Line Fee Percentage definition

Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed fiscal quarter as determined by Administrative Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including September 30, 2017, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: I > 50% of the Maximum Revolver Amount 0.375% II < 50% ofthe Maximum Revolver Amount 0.50% The Applicable Unused Line Fee Percentage shall be re-determined on the first day of each fiscal quarter by Administrative Agent.
Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including February 28, 2015, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled "Level II"; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled "Level II":
Applicable Unused Line Fee Percentage means 0.50 percentage points.

Examples of Applicable 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.

Borrower shall pay to Lender a fee equal to the Applicable Unused Line Fee Percentage times the amount by which the Revolver Commitment exceeds the average daily balance of Revolver Loans and stated amount of Letters of Credit during any month.

Borrower shall pay to Lender, on the first day of each month from and after the Closing Date up to the first day of the month prior to the Payoff Date and on the Payoff Date, an unused line fee in an amount equal to the Applicable Unused Line Fee Percentage times the result of (i) the lesser of the Maximum Revolver Amount and the Credit Amount less (ii) the average amount of the principal amount of the Advances and the Letter of Credit Usage during the immediately preceding month (or portion thereof).

The Borrowers shall pay to the Administrative Agent, for the account of each Lender, in accordance with its Applicable Percentage, a fee (the “Unused Line Fee”) equal to the Applicable Unused Line Fee Percentage times the average daily amount by which the Aggregate Commitments exceed the Total Outstandings.

If the Leverage Ratio is greater than or equal to 3.50:1.0 0.50 percentage points Except as set forth in the foregoing proviso, the Applicable Unused Line Fee Percentage shall be based upon the most recent Leverage Ratio Calculation, which will be calculated as of the end of each fiscal quarter; provided , that for purposes of such calculation, Funded Indebtedness shall be determined as of the date that is 5 Business Days after the last day of each fiscal quarter.


More Definitions of Applicable Unused Line Fee Percentage

Applicable Unused Line Fee Percentage means the percentage determined by reference to Table 1 in Section 2.4.1(c) of this Agreement.
Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of the Borrowers for the most recently completed quarter: The Applicable Unused Line Fee Percentage with respect to the Tranche B Revolving Loans shall be set forth in the following table that corresponds to the Average Revolver Usage of the Borrowers for the most recently completed quarter: The Applicable Unused Line Fee Percentage shall be re-determined on the first day of each quarter by Agent.
Applicable Unused Line Fee Percentage means, for any day, with respect to the unused line fee payable under Section 2.11 of the Credit Agreement, the applicable rate per annum set forth below under the captionUnused Line Fee Ratebased upon the average daily Usage Percentage during the immediately preceding month or shorter period if calculated on the Commitment Termination Date: Less than 33% 0.35 % Greater than or equal to 33% but less than or equal to 66% 0.25 % Greater than 66% but less than and not including 100% 0.15 %
Applicable Unused Line Fee Percentage means one half of one percent (0.50%).
Applicable Unused Line Fee Percentage means, as of any date, the applicable percentage shown in the applicable column in the table below based on the then applicable Fixed Charge Coverage Ratio. As of the Effective Date, the Applicable Unused Line Fee Percentage is 0.75% (i.e., Pricing Grid Level 1). Level 1 £ 1.50 to 1.0 0.75 % Level 2 > 1.50 to 1.0 and £ 2.0 to 1.0 0.50 % Level 3 > 2.0 to 1.0 0.50 %
Applicable Unused Line Fee Percentage means, for any day, with respect to the unused line fee payable under Section 2.11 of the Credit Agreement, the applicable rate per annum set forth below under the captionUnused Line Fee Ratebased upon the average daily Usage Percentage during the immediately preceding month or shorter period if calculated on the Commitment Termination Date:
Applicable Unused Line Fee Percentage means, as of any date of determination, 0.25%.