Non-Utilization Fee definition

Non-Utilization Fee has the meaning assigned thereto in the Pricing Side Letter.

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Non-Utilization Fee shall have the meaning provided in Section 3.04 hereof.

Non-Utilization Fee has the meaning set forth in Section 1.05(c).

Examples of Non-Utilization Fee in a sentence

• Buyer may, in its sole discretion, net such Non-Utilization Fee from the proceeds of any Purchase Price paid to any Seller.

• Seller shall pay to Purchaser the due and owing portion of the Non-Utilization Fee if and as required under Section 2 of the Pricing Side Letter; provided that Purchaser may, in its sole discretion, net any Non-Utilization Fee from the proceeds of any Purchase Price paid by Purchaser to Seller to the extent such amounts were not otherwise received by Purchaser in accordance with this clause (bb).

• If the Utilization Percentage in any period is greater than or equal to 30%, Buyer shall not be paid a Non-Utilization Fee for that period.

• Each payment of the Non-Utilization Fee is and shall be deemed to be fully earned and non-refundable when paid.

• The Borrower agrees to pay to Lenders non-utilization fees (the “Non-Utilization Fees”) on the Daily Non-Utilization Fee Calculation Amount as in effect from time to time at a rate per annum equal to 0.50%.

More Definitions of Non-Utilization Fee

Non-Utilization Fee. Defined in the Fee and Pricing Letter, which definition is incorporated herein by reference.

Non-Utilization Fee has the meaning assigned to that term in Section 2.08(a).

Non-Utilization Fee means, for each calendar quarter, an amount equal to the product of (a) 1.00% per annum calculated on a 360 day year and (b) the excess of, if any (i) 50% of Maximum Aggregate Purchase Price over (ii) the average daily Purchase Price of the Purchased Mortgage Loans during such calendar quarter.

Non-Utilization Fee shall have the meaning given to it in Section 2.2(a) hereof.

Non-Utilization Fee is defined in Section 2.5(c).

Non-Utilization Fee shall have the meaning assigned to it in Section 4(d).

Non-Utilization Fee means an amount equal to the Applicable Premium that would have been payable if Notes with an aggregate principal amount equal to the Non-Utilized Amount had been issued on the Closing Date and such Notes were thereafter immediately redeemed in accordance with Section 3.07(a) of the Indenture.