Non-Usage Fee definition

Non-Usage Fee shall have the meaning set forth in Section 2.6.
Non-Usage Fee has the meaning assigned to that term in Section 2.09(a).
Non-Usage Fee. A fee with respect to each Accrual Period in an amount equal to the sum for each day during such Accrual Period of (x) the product of (a) the Unused Facility Amount as of the close of business on such day multiplied by (b) the Non-Usage Fee Rate with respect to such day, divided by (y) 365.

Examples of Non-Usage Fee in a sentence

  • Computations of the Non-Usage Fee shall be made by the Administrative Agent on the basis of a year of 360 days and for the actual number of days elapsed, and, with respect to each Lender, pro rata based on such Lender’s Commitment.


More Definitions of Non-Usage Fee

Non-Usage Fee has the meaning set forth in Section 3.6.
Non-Usage Fee has the meaning ascribed thereto in the Fee Letter.
Non-Usage Fee has the meaning set forth in Section 3.4.
Non-Usage Fee. The meaning set forth in the applicable Fee Letter.
Non-Usage Fee. With respect to each Accrual Period through the Funding Termination Date, an amount, payable to Warehouse Line Advisors, Inc. to the account specified in Annex 2 to the Certificate Purchase Agreement, equal to the product of (a) 0.0025 per annum and (b) the positive difference between the Maximum Series Amount for the Class A-R, B-R, Class C1-R and C2-R Certificates in this Series and the average Outstanding Principal Amount of all Class A-R, B-R, Class C1-R and C2-R Certificates in this Series during such Accrual Period.
Non-Usage Fee shall have the meaning given to such term in Section 2.13.
Non-Usage Fee. The meaning set forth in the Fee Letter.