Examples of Facility Amount in a sentence
The Borrower shall pay, in accordance with Section 2.04, pro rata to each Lender, an unused fee (the "Unused Fee") payable in arrears for each Remittance Period, equal to the sum of the products for each day during such Remittance Period of (a) one divided by three hundred and sixty (360), (b) the applicable Unused Fee Rate and (c) the positive difference, if any, of the Facility Amount less the greater of (i) the Advances Outstanding on such date and (ii) the Minimum Utilization.
A Loan Facility Agreement Variation fee of $50.00 will apply, and will be capitalised to the Facility Amount drawn down.
Seller shall pay to Buyer on the Amendment No. 7 Effective Date and on the date which occurs every twelve (12) months thereafter prior to the day the Agreement terminates, an amount (the “Upfront Fee”) equal to the product of (x) twelve and one half basis points (0.125%) multiplied by the Committed Facility Amount.