Undrawn Fee Rate definition

Undrawn Fee Rate. For any VFN Class, the rate set forth or described in the related Indenture Supplement, if any. United States and U.S.: The United States of America.

Undrawn Fee Rate has the meaning set forth in the Fee Letter.

Undrawn Fee Rate means 0.40%.

Examples of Undrawn Fee Rate in a sentence

• The Borrower shall pay to the Administrative Agent, for the account of each Lender in accordance with its Pro Rata Share, an undrawn fee equal to the Undrawn Fee Rate multiplied by the actual daily amount by which the Aggregate Commitments exceed the Outstanding Amount of the Loans.

• The undrawn fee shall be calculated quarterly in arrears, and if there is any change in the Undrawn Fee Rate during any quarter, the actual daily amount shall be computed and multiplied by the Undrawn Fee Rate separately for each period during such quarter that such Undrawn Fee Rate was in effect.

• The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a fee (the “Undrawn Fee”) at a per annum rate equal to the Applicable Undrawn Fee Rate per annum on the average daily Available Aggregate Commitment (subject to the following sentence) from the date hereof to and including the Facility Termination Date, payable in arrears on the first day of each calendar quarter hereafter and on the Facility Termination Date.

• To the extent that the accrued and unpaid Undrawn Fee is not paid when due, such accrued and unpaid Undrawn Fee will accrue interest thereon (to the extent legally permissible) at the Undrawn Fee Rate.

• Borrower agrees to pay to or at the direction of Lender in immediately available funds an undrawn fee (the "Undrawn Fee") on the undrawn portion of the Commitment allocable to each Type of Revolving Loan (calculated daily on a weighted average basis) from the Closing Date to the Commitment Period Termination Date at the Undrawn Fee Rate applicable to such Type of Revolving Loan.

More Definitions of Undrawn Fee Rate

Undrawn Fee Rate has the meaning specified in the Program Fee Letter.

Undrawn Fee Rate means, with respect to each Class of the Series 2013-VF1 Variable Funding Notes held by the Committed Purchaser and for each Interest Accrual Period, 0.50% per annum. For the avoidance of doubt, only the Committed Purchasers shall be paid Undrawn Fee Amounts as set forth in the Base Indenture.

Undrawn Fee Rate means the applicable percentages set forth in the Transaction Fee Letter.

Undrawn Fee Rate means (a) prior to the three-month anniversary of the Effective Date, 0.25% and (b) thereafter, 0.50%.

Undrawn Fee Rate means the applicable percentages set forth in the Additional Terms Addendum.

Undrawn Fee Rate the rate per annum determined pursuant to the Pricing Grid.

Undrawn Fee Rate has the meaning assigned to such term in the Pricing Side Letter.