Undrawn Facility Spread definition
Undrawn Facility Spread means 0.94%.
Examples of Undrawn Facility Spread in a sentence
Borrower shall pay Lender on each Fee Payment Date an undrawn facility fee (the “Undrawn Facility Fee”) equal to the sum of the amounts, for each day in the relevant Quarterly Period, equal to (i) the product of (A) the Undrawn Facility Amount on such day and (B) the Undrawn Facility Spread divided by (ii) 360.