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 Quarterly Average Revolver Usage of Borrowers for the most recently completed calendar quarter as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including July 28, 2021, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”: Level Quarterly Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 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 day of each successive three-month period following the date above 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 December 31, 2019, 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 III”: Level Average Revolver Usage Applicable Unused Line Fee Percentage
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.
For the avoidance of any doubt, any such adjustment to reflect a decrease in the Applicable Margin or Applicable Unused Line Fee Percentage for any period shall only be effective on a prospective basis and shall not require any adjustments to amounts previously paid by the Borrower prior to the Adjustment Date.
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.
In addition to this Academic Board, an internal Education Committee comprising SILA academic and support staff processes the academic matters needing development and documentation on a regular basis throughout the year.
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.
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, 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, 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). Pricing Grid Level Fixed Charge Coverage Ratio Applicable Unused Line Fee Percentage Level 1 £ 1.50 to 1.0 0.75 % Xxxxx 0 > 1.50 to 1.0 and £ 2.0 to 1.0 0.50 % Xxxxx 0 > 2.0 to 1.0 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.
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:
Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth below based on the Average Revolver Usage for the immediately preceding calendar quarter: Tier Average Revolver Usage Applicable Unused Line Fee Percentage 1 Greater than or equal to fifty percent (50%) of the Maximum Credit 0.25% 2 Less than fifty percent (50%) of the Maximum Credit 0.50% provided, that, (i) the Applicable Unused Line Fee Percentage shall be calculated and established once each calendar quarter and shall remain in effect until adjusted for the next calendar quarter, (ii) each adjustment of the Applicable Unused Line Fee Percentage shall be effective as of the first day of each such calendar quarter based on the Average Revolver Usage for the immediately preceding calendar quarter, (iii) notwithstanding anything to the contrary contained herein, for the period from the Closing Date until the last day of the first full calendar quarter immediately following the Closing Date, the Applicable Unused Line Fee Percentage shall be based on the applicable percentage set forth in Tier 2, and (iv) any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be based on the highest rate above.