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 month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including May 31, 2021, 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": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.375 percentage points II ≤ 50% of the Maximum Revolver Amount 0.50 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by 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 August 31, 2016, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”: Level Average Revolver Usage Applicable Unused Line Fee Percentage I > $35,000,000 0.25 percentage points II < $35,000,000 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by 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 quarter as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including the last day of the first full quarter after the Closing Date, 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”: Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.250 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each quarter by Agent.

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.

  • 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 Revolving Facility Usage, multiplied by (b) the Applicable Unused Line Fee Percentage, the product of which is then divided by (c) 360.

  • The State may also waive this defense tacitly or expressly.126In any case, arguments on the exhaustion of domestic remedies must be raised at the appropriate procedural time, whether invoked by the petitioner or the State.

  • The Borrowers shall, jointly and severally, pay to the Agent, for the pro rata benefit of the Lenders (other than any Defaulting Lender), a fee equal to the Applicable Unused Line Fee Percentage multiplied by the amount by which the Commitments (other than Commitments of a Defaulting Lender) exceed the average daily balance of outstanding Loans (other than Swingline Loans) and stated amount of outstanding Letters of Credit during any calendar quarter (such fee, the “Unused Line Fee”).

  • The Unused Line Fees shall be calculated as of the end of each calendar quarter of Borrower and on the Termination Date (or such earlier date on which the Revolving Loan has been terminated and all Obligations under the Revolving Loan are fully and finally paid) and shall be determined by multiplying (i) the Applicable Unused Line Fee Percentage for such calendar quarter (or portion thereof) by (ii) the Unused Revolving Loan Commitment Amount for each day during such calendar quarter (or portion thereof).


More Definitions of Applicable Unused Line Fee Percentage

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 the last day of the third full calendar month following the Closing Date, 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”: The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by Agent.
Applicable Unused Line Fee Percentage means 0.50 percentage points.
Applicable Unused Line Fee Percentage means 0.25%.
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 quarter as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including June 30, 2023, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”: Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50.0% of the Maximum Revolver Amount 0.250 percentage points II < 50.0% of the Maximum Revolver Amount 0.300 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each quarter by Agent and promptly communicated in writing to the Borrowers.
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 caption “Unused Line Fee Rate” based upon the average daily Usage Percentage during the immediately preceding month or shorter period if calculated on the Commitment Termination Date: Usage Percentage Unused Line Fee Rate 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 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: Level Average Tranche A Revolver Usage Applicable Unused Line Fee Percentage I ≥ 50% of the Maximum Revolver Amount 0.250% II < 50% of the Maximum Revolver Amount 0.300% 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: Level Average Tranche B Revolver Usage Applicable Unused Line Fee Percentage I ≥ 50% of the Maximum Revolver Amount 0.250% II < 50% of the Maximum Revolver Amount 0.300% The Applicable Unused Line Fee Percentage shall be re-determined on the first day of each quarter by Agent.