Unused Commitment Fee definition
Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).
Unused Commitment Fee shall have the meaning set forth in Section 2.5(a).
Unused Commitment Fee means, for any Interest Period prior to the commencement of the Amortization Period, the fee payable by the Borrower pursuant to the Fee Letter on the related Payment Date in an amount equal to product of (i) the Unused Commitment Fee Rate, (ii) an amount equal to the average daily Aggregate Commitment during such Interest Period minus the average daily Loans Outstanding during such Interest Period and (iii) a fraction, the numerator of which is the actual number of days during such Interest Period and the denominator of which is 360.
Examples of Unused Commitment Fee in a sentence
The Delayed Draw Term Loan A Unused Commitment Fee shall accrue at all times until the Delayed Draw Term Loan A Funding Date, including at any time during which one or more of the conditions in Section 6 is not met, and shall be due and payable in arrears on each Interest Payment Date and upon termination of this Agreement.
The Delayed Draw Term Loan A Unused Commitment Fee shall be computed on the basis of actual days elapsed in a year of 360 days.
More Definitions of Unused Commitment Fee
Unused Commitment Fee shall have the meaning given to the term in Section 3.5.c.
Unused Commitment Fee is defined in Section 4.03(b).
Unused Commitment Fee means the product of (A) 50 Basis Points per annum (pro rated to take into account that the fee is payable quarterly, or such shorter period if applicable) and (B) the Unused Commitment Amount.
Unused Commitment Fee has the meaning set forth in the Fee Letter.
Unused Commitment Fee means a fee equal to the product of (i) the amount by which the Maximum Facility Amount exceeds the Outstanding Principal Amount (in each case, as of any date of determination) and (ii) 0.50%.
Unused Commitment Fee shall have the meaning specified in Section 6(d) of this Supplement.
Unused Commitment Fee has the meaning ascribed to such term in SECTION 4.04(a).