{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "agency-fee-letter", "type": "definition", "offset": [40, 57]}], "snippet": "shall have the meaning set forth in the Agency Fee Letter.", "samples": [{"hash": "gfvCMRTOLnX", "uri": "/contracts/gfvCMRTOLnX#minimum-utilization-fee", "label": "Credit Agreement (Home Point Capital Inc.)", "score": 34.3579750061, "published": true}, {"hash": "jZQEiB32OfG", "uri": "/contracts/jZQEiB32OfG#minimum-utilization-fee", "label": "Credit Agreement (Home Point Capital Inc.)", "score": 33.6078033447, "published": true}, {"hash": "54BgrdAMqtO", "uri": "/contracts/54BgrdAMqtO#minimum-utilization-fee", "label": "Credit Agreement (loanDepot, Inc.)", "score": 33.09034729, "published": true}], "size": 6, "hash": "381e733914ece40e54777be3c3290ea3", "id": 1}, {"snippet_links": [{"key": "fee-payable", "type": "clause", "offset": [8, 19]}, {"key": "section-32", "type": "definition", "offset": [32, 43]}, {"key": "committed-lender", "type": "clause", "offset": [52, 68]}, {"key": "day-of", "type": "clause", "offset": [78, 84]}, {"key": "accrual-period", "type": "clause", "offset": [97, 111]}, {"key": "equal-to", "type": "definition", "offset": [112, 120]}, {"key": "the-product", "type": "clause", "offset": [121, 132]}, {"key": "applicable-margin", "type": "clause", "offset": [144, 161]}, {"key": "minimum-utilization-percentage", "type": "definition", "offset": [334, 364]}, {"key": "daily-average", "type": "clause", "offset": [379, 392]}, {"key": "lender-group", "type": "definition", "offset": [442, 454]}, {"key": "undrawn-fee", "type": "definition", "offset": [497, 508]}, {"key": "with-respect-to", "type": "clause", "offset": [544, 559]}, {"key": "unutilized-commitment", "type": "definition", "offset": [578, 599]}], "snippet": "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\u2019s 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.", "samples": [{"hash": "jzWHkwoRBhX", "uri": "/contracts/jzWHkwoRBhX#minimum-utilization-fee", "label": "Loan Financing and Servicing Agreement (Oaktree Specialty Lending Corp)", "score": 31.2114982605, "published": true}, {"hash": "bkFx97wR41q", "uri": "/contracts/bkFx97wR41q#minimum-utilization-fee", "label": "Loan Financing and Servicing Agreement (Oaktree Strategic Income Corp)", "score": 30.8829574585, "published": true}, {"hash": "gzeE6rqAVj", "uri": "/contracts/gzeE6rqAVj#minimum-utilization-fee", "label": "Loan Financing and Servicing Agreement (Oaktree Strategic Income Corp)", "score": 30.2286109924, "published": true}], "size": 6, "hash": "27a3479a1ad11926a54ce849063c3bd2", "id": 2}, {"snippet_links": [{"key": "the-fee", "type": "definition", "offset": [0, 7]}, {"key": "transactions-terms-letter", "type": "clause", "offset": [25, 50]}, {"key": "by-seller", "type": "clause", "offset": [59, 68]}, {"key": "in-arrears", "type": "definition", "offset": [69, 79]}, {"key": "price-differential", "type": "clause", "offset": [87, 105]}], "snippet": "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.", "samples": [{"hash": "cAREiEBn5KX", "uri": "/contracts/cAREiEBn5KX#minimum-utilization-fee", "label": "Master Repurchase Agreement (Home Point Capital Inc.)", "score": 32.4989738464, "published": true}, {"hash": "2RllQZnMrLX", "uri": "/contracts/2RllQZnMrLX#minimum-utilization-fee", "label": "Master Repurchase Agreement (Home Point Capital Inc.)", "score": 32.2306632996, "published": true}, {"hash": "6xDO4MI2gCq", "uri": "/contracts/6xDO4MI2gCq#minimum-utilization-fee", "label": "Master Repurchase Agreement (Caliber Home Loans, Inc.)", "score": 31.8035583496, "published": true}], "size": 3, "hash": "19229154cb5a16ce4c5e60258800d564", "id": 3}, {"snippet_links": [{"key": "section-26", "type": "clause", "offset": [14, 25]}], "snippet": "is defined in Section 2.6.", "samples": [{"hash": "kbOavN2zoca", "uri": "/contracts/kbOavN2zoca#minimum-utilization-fee", "label": "Credit Agreement (HPS Corporate Lending Fund)", "score": 36.6687202454, "published": true}, {"hash": "5ghmE6SGD89", "uri": "/contracts/5ghmE6SGD89#minimum-utilization-fee", "label": "Credit Agreement (HPS Corporate Lending Fund)", "score": 34.0458602905, "published": true}], "size": 3, "hash": "ac6eb59ef7e1a1061226eb1aa10d5bd5", "id": 4}, {"snippet_links": [{"key": "class-a", "type": "clause", "offset": [33, 40]}, {"key": "side-letter", "type": "definition", "offset": [41, 52]}], "snippet": "has the meaning specified in the Class A Side Letter.", "samples": [{"hash": "hCbq3SQjdNc", "uri": "/contracts/hCbq3SQjdNc#minimum-utilization-fee", "label": "Amended and Restated Revolving Credit and Security Agreement (Lendbuzz Inc.)", "score": 36.6960983276, "published": true}, {"hash": "9wZ1gqABXBm", "uri": "/contracts/9wZ1gqABXBm#minimum-utilization-fee", "label": "Revolving Credit and Security Agreement (Lendbuzz Inc.)", "score": 35.611907959, "published": true}], "size": 2, "hash": "9a996200a2ea84824bdc218cd55e3fb2", "id": 5}, {"snippet_links": [{"key": "reconciliation-period", "type": "definition", "offset": [14, 35]}, {"key": "total-amount", "type": "definition", "offset": [85, 97]}, {"key": "finance-charges", "type": "definition", "offset": [101, 116]}, {"key": "with-respect-to", "type": "clause", "offset": [117, 132]}, {"key": "formula-advances", "type": "definition", "offset": [133, 149]}, {"key": "equipment-advances", "type": "definition", "offset": [154, 172]}], "snippet": "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.", "samples": [{"hash": "ki530aX9Llf", "uri": "/contracts/ki530aX9Llf#minimum-utilization-fee", "label": "Business Financing Agreement (Aml Communications Inc)", "score": 19.0, "published": true}], "size": 2, "hash": "f12ed512473e79feea6310dfbbe68ef1", "id": 6}, {"snippet_links": [{"key": "lender-side-letter", "type": "definition", "offset": [33, 51]}], "snippet": "has the meaning set forth in the Lender Side Letter.", "samples": [{"hash": "eWhDVNGUo0H", "uri": "/contracts/eWhDVNGUo0H#minimum-utilization-fee", "label": "Loan and Servicing Agreement (HPS Corporate Lending Fund)", "score": 36.3702926636, "published": true}], "size": 1, "hash": "4a2137554faae036d4e24dde309df065", "id": 7}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "interest-accrual-period", "type": "definition", "offset": [42, 65]}, {"key": "after-the-closing-date", "type": "clause", "offset": [84, 106]}, {"key": "during-the-revolving-period", "type": "clause", "offset": [111, 138]}, {"key": "the-product", "type": "clause", "offset": [140, 151]}, {"key": "applicable-margin", "type": "clause", "offset": [163, 180]}, {"key": "minimum-utilization-amount", "type": "definition", "offset": [227, 253]}, {"key": "outstanding-principal-amount", "type": "definition", "offset": [268, 296]}, {"key": "the-advances", "type": "clause", "offset": [307, 319]}, {"key": "divided-by", "type": "clause", "offset": [343, 353]}], "snippet": "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.", "samples": [{"hash": "icXv909qD1", "uri": "/contracts/icXv909qD1#minimum-utilization-fee", "label": "Revolving Credit and Security Agreement (Upstart Holdings, Inc.)", "score": 31.8473644257, "published": true}], "size": 1, "hash": "08fe088e68565520810061efa247bfe4", "id": 8}, {"snippet_links": [{"key": "equal-to", "type": "definition", "offset": [16, 24]}, {"key": "per-annum", "type": "definition", "offset": [56, 65]}, {"key": "unused-portion", "type": "definition", "offset": [81, 95]}, {"key": "the-revolving-facility", "type": "clause", "offset": [99, 121]}, {"key": "by-lender", "type": "clause", "offset": [137, 146]}, {"key": "basis-of", "type": "clause", "offset": [164, 172]}, {"key": "a-year", "type": "definition", "offset": [173, 179]}, {"key": "number-of-days", "type": "clause", "offset": [200, 214]}, {"key": "section-8", "type": "definition", "offset": [231, 240]}, {"key": "for-purposes-of-this", "type": "clause", "offset": [288, 308]}, {"key": "calendar-year", "type": "definition", "offset": [347, 360]}, {"key": "period-of", "type": "definition", "offset": [463, 472]}, {"key": "the-daily", "type": "clause", "offset": [473, 482]}, {"key": "advances-outstanding", "type": "definition", "offset": [516, 536]}], "snippet": "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.", "samples": [{"hash": "6Su39PPYTPi", "uri": "/contracts/6Su39PPYTPi#minimum-utilization-fee", "label": "Business Financing Agreement (Astea International Inc)", "score": 28.6167011261, "published": true}], "size": 1, "hash": "05d8274384db3fe35410ed723016167d", "id": 9}, {"snippet_links": [{"key": "fee-payable", "type": "clause", "offset": [8, 19]}, {"key": "section-32", "type": "definition", "offset": [32, 43]}, {"key": "committed-lender", "type": "clause", "offset": [52, 68]}, {"key": "day-of", "type": "clause", "offset": [78, 84]}, {"key": "accrual-period", "type": "clause", "offset": [97, 111]}, {"key": "equal-to", "type": "definition", "offset": [112, 120]}, {"key": "the-product", "type": "clause", "offset": [121, 132]}, {"key": "applicable-margin", "type": "clause", "offset": [144, 161]}, {"key": "minimum-utilization-percentage", "type": "definition", "offset": [334, 364]}, {"key": "daily-average", "type": "clause", "offset": [379, 392]}, {"key": "lender-group", "type": "definition", "offset": [442, 454]}, {"key": "undrawn-fee", "type": "definition", "offset": [535, 546]}, {"key": "with-respect-to", "type": "clause", "offset": [582, 597]}, {"key": "unutilized-commitment", "type": "definition", "offset": [616, 637]}], "snippet": "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\u2019s 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.", "samples": [{"hash": "fXehJeJRtX9", "uri": "/contracts/fXehJeJRtX9#minimum-utilization-fee", "label": "Loan Financing and Servicing Agreement (Oaktree Strategic Income Corp)", "score": 29.8829574585, "published": true}], "size": 1, "hash": "2f3fbd2fd4d02f4eee94fc274fe3b26f", "id": 10}], "next_curs": "CmQSXmoVc35sYXdpbnNpZGVyY29udHJhY3RzckALEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIgbWluaW11bS11dGlsaXphdGlvbi1mZWUjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Minimum Utilization Fee", "snippet": "shall have the meaning set forth in the Agency Fee Letter.", "size": 30, "id": "minimum-utilization-fee", "examples": ["The <strong>Minimum Utilization Fee</strong> 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 <strong>Minimum Utilization Fee</strong> 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."], "related": [["non-utilization-fee", "Non-Utilization Fee", "Non-Utilization Fee"], ["utilization-fee", "Utilization Fee", "Utilization Fee"], ["applicable-utilization-fee", "Applicable Utilization Fee", "Applicable Utilization Fee"], ["applicable-utilization-fee-rate", "Applicable Utilization Fee Rate", "Applicable Utilization Fee Rate"], ["utilization-fee-rate", "Utilization Fee Rate", "Utilization Fee Rate"]], "related_snippets": [], "updated": "2025-12-25T05:36:24+00:00"}, "json": true, "cursor": ""}}