Non-Utilisation Fee definition
Non-Utilisation Fee means, in respect of each Senior Noteholder Available Commitment of a Senior Noteholder, the fee payable by the Issuer in accordance with the relevant Senior Noteholder Fee Letter.
Non-Utilisation Fee means the fee payable in accordance with clause 10.5 (Non-Utilisation fee), calculated on an annual basis.
Non-Utilisation Fee has the meaning set forth in the same heading in the Loan Facility Terms;
Examples of Non-Utilisation Fee in a sentence
The accrued Non-Utilisation Fee is payable on each Monthly Repayment Date which ends on or prior to the earlier of (i) the relevant Expiry Date and (ii) Euro Equivalent of [***] being drawn down under Loan 1 and Loan 2.
Restatement Fee Euro Equivalent of CHF 500,0000 Non-Utilisation Fee [***]% per annum of any amount undrawn under Loan 1 and Loan 2 from time to time until the earlier of (i) the Expiry Date in respect of Loan 1 or Loan 2, as applicable and (ii) Euro Equivalent of [***] being drawn down under Loan 1 and Loan ▇.▇▇ addition, to the extent that Loan 1 has not been drawn down on or prior to its Expiry Date, an additional one-off fee of Euro Equivalent of CHF [***] shall be payable unless [***].
More Definitions of Non-Utilisation Fee
Non-Utilisation Fee has the meaning given to such term in Article 2.9 (Non-Utilisation Fee).
Non-Utilisation Fee means the result of the following formula: N% x (FL-FU) where: N% is the Non-Utilisation Percentage; FL is the Facility Limit; FU is the average Funds in Use during any Month;
Non-Utilisation Fee means the fee payable in accordance with paragraph 5(c) (Non-Utilisation Fee) of this schedule 1 calculated by reference to the percentage specified at clause 8.6 (Fees and Expenses);