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.