Minimum Utilization Fee definition
Minimum Utilization Fee shall have the meaning set forth in the Agency Fee Letter.
Minimum Utilization Fee means a fee payable pursuant to Section 3.2 to each Committed Lender for each day of the related Accrual Period equal to the product of (A) the Applicable Margin and (B) the positive difference (if any) of (x) the product of (1) such Committed Lender’s average daily Commitment during the related Accrual Period multiplied by (2) the Minimum Utilization Percentage minus (y) the daily average Advances funded by such Committed Lender (or its Lender Group) during such Accrual Period minus (z) the Undrawn Fee accrued during such Accrual Period with respect to the amount of the unutilized Commitment.
Minimum Utilization Fee. The fee set forth in the Transactions Terms Letter payable by Seller in arrears on the Price Differential Dates set forth in the Transactions Terms Letter.
Examples of Minimum Utilization Fee in a sentence
The Minimum Utilization Fee shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Accrual Period for which it accrues as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.
For the calculation of the Minimum Utilization Fee for the period beginning on the Third Amendment Effective Date and ending on the earlier of (i) the date on which the first Borrowing takes place following the Third Amendment Effective Date and (ii) the date which is 5 Business Days following the Third Amendment Effective Date, the Maximum Facility Amount shall be $750,000,000.
More Definitions of Minimum Utilization Fee
Minimum Utilization Fee is defined in Section 2.6.
Minimum Utilization Fee has the meaning specified in the Class A Side Letter.
Minimum Utilization Fee means for any Reconciliation Period the amount (if any) by which $500.00 exceeds the total amount of Finance Charges with respect to Formula Advances and Equipment Advances for that Reconciliation Period.
Minimum Utilization Fee has the meaning set forth in the Lender Side Letter.
Minimum Utilization Fee means, with respect to each day during an Interest Accrual Period that occurs on or after the Closing Date and during the Revolving Period, the product of (a) the Applicable Margin, (b) the greater of (i) zero and (ii) (1) the Minimum Utilization Amount minus (2) the outstanding principal amount of all of the Advances on such day, and (c) 1 divided by 360.
Minimum Utilization Fee means an amount equal to one half of one percent (0.5%) per annum of the average unused portion of the Revolving Facility, as determined by Lender, computed on the basis of a year with the applicable number of days as set forth in Section 8. The unused portion of the Revolving Facility, for purposes of this calculation, shall be calculated on a calendar year basis and shall equal the difference between (i) the Revolving Facility, and (ii) the average for the period of the daily closing principal balance of the Advances outstanding.
Minimum Utilization Fee means a fee payable pursuant to Section 3.2 to each Committed Lender for each day of the related Accrual Period equal to the product of (A) the Applicable Margin and (B) the positive difference (if any) of (x) the product of (1) such Committed Lender’s average daily Commitment during the related Accrual Period multiplied by (2) the Minimum Utilization Percentage minus (y) the daily average Advances funded by such Committed Lender (or its Lender Group) during such Accrual Period minus (z) the - 34- USActive 49316845.1249316845.13 Undrawn Fee accrued during such Accrual Period with respect to the amount of the unutilized Commitment.