Undrawn Commitment Fee definition

Undrawn Commitment Fee has the meaning specified in Section 2.03(a).

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Undrawn Commitment Fee means the fee payable to the Lenders under Section 2.08 of this Agreement.

Undrawn Commitment Fee has the meaning given to such term in Clause 16.2 (Undrawn Commitment Fees);

Examples of Undrawn Commitment Fee in a sentence

Such Commitment Reduction Fee shall equal the Undrawn Commitment Fee calculated in accordance with Section 2.08 for the time period from the effective date of the reduction or termination to the first anniversary of the date of this Agreement, using the reduced Commitment Amount after giving effect to the reduction or termination as the outstanding principal amount of Advances under the Commitment for such period.
The Undrawn Commitment Fee shall be due and payable on the Fee Payment Date and shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Pro Rata Share, an undrawn commitment fee which shall accrue at the applicable Undrawn Commitment Fee Rate then in effect on the daily amount of the undrawn Commitment of such Lender during the period from and including the date that is 60 days after the Effective Date and shall be payable quarterly in arrears on the fifth Business Day.
For all months during which the interest on the Advances shall be calculated on the basis of Pricing Tier 5 or the Default Rate, the rate at which such Undrawn Commitment Fee shall be calculated shall be an annualized amount equal to twenty-five basis points (i.e. 0.25%).
For all months during which the interest on the Advances shall be calculated on the basis of Pricing Tier 3, the rate at which such Undrawn Commitment Fee shall be calculated shall be an annualized amount equal to fifteen basis points (i.e. 0.15%).

More Definitions of Undrawn Commitment Fee

Undrawn Commitment Fee as defined in Section 7.4(a) hereof.

Undrawn Commitment Fee has the meaning set forth in Section 2.7. THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE LAWS AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, OR HYPOTHECATED (EXCEPT AS OTHERWISE SET FORTH IN THE AGREEMENT) (AS DEFINED BELOW) UNLESS AND UNTIL REGISTERED UNDER SUCH ACT, OR UNLESS THE COMPANY (AS DEFINED BELOW) HAS RECEIVED AN OPINION OF COUNSEL OR OTHER EVIDENCE, SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED. $7,750,000 January __, 2014 FOR VALUE RECEIVED, the undersigned, U-SWIRL, INC., a Nevada corporation (the “Company”), hereby promises to pay to ROCKY MOUNTAIN CHOCOLATE FACTORY, INC., or its registered and permitted assigns (the “Lender”), the original principal sum of up to SEVEN MILLION SEVEN HUNDRED FIFTY THOUSAND DOLLARS ($7,750,000) on January __, 2016 with interest (computed on the basis of a 360-day year) on the unpaid balance thereof (a) at the rate per annum and at such times as described in the Agreement and (b) after the occurrence and during the continuance of any Event of Default payable at such times as described in the Agreement (or, at the option of the registered holder hereof, on demand as provided in the Agreement), at a rate per annum from time to time equal to the default rate as more fully set forth in the Agreement. Payments of principal of, interest on and any prepayment premium payable with respect to, this Note are to be made as set forth in the Agreement for such purpose or at such other place as the holder hereof shall designate to the Company in writing. This Note is the Note issued pursuant to that Loan and Security Agreement, dated as of January __, 2014 (herein called the “Agreement”), among the Company and the Lender. This Note is a Loan Document entitled to the benefits of the Loan Documents. This Note is a registered Note and, upon surrender of this Note for registration of transfer, duly endorsed, or accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other purposes, and the Company shall not be affected by a...

Undrawn Commitment Fee has the meaning assigned to such term in Section 2.5(b) of the Loan Agreement.

Undrawn Commitment Fee has the meaning assigned to such term in the Fee Letter.

Undrawn Commitment Fee has the meaning given in Part 5 of schedule 1”.

Undrawn Commitment Fee means the Undrawn Commitment Fee as set forth in the District Rating Pricing Schedule. As of the Closing Date, the Undrawn Commitment Fee is initially equal to basis points per annum, subject to adjustment as set forth herein.

Undrawn Commitment Fee. The undrawn commitment fee payable by you is 0.600% per annum calculated on the net undrawn portion of the Facility and debited to the Commercial Flexible Finance Facility Account monthly in arrears. The undrawn commitment fee may be altered by us from time to time. Account Fees: Banking transactions on the Facility Account will be charged at the standard rates which are subject to change from time to time.