Unused Commitment Fee definition

Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).
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Unused Commitment Fee shall have the meaning set forth in Section 2.5(a).
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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.
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Examples of Unused Commitment Fee in a sentence

  • For the period from the Closing Date to the Termination Date, the Borrower agrees to pay to the Agent, for the account of each Lender (other than a Defaulting Lender) according to such L▇▇▇▇▇’s Pro Rata Share of the Revolving Loan Facility, an Unused Commitment Fee equal to 0.15% per annum multiplied by the amount by which the aggregate Revolving Loan Commitments exceeds the average daily Outstanding Amount.

  • No Defaulting Lender shall be entitled to receive any Unused Commitment Fee for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

  • The Unused Commitment Fee shall be calculated on the basis of a 365-day year and the actual number of days in each month, accrue at all times during the Draw Period, and shall be due and payable at the same time as monthly interest only payments specified under Section 2.

  • The Unused Commitment Fee shall be payable in arrears on the last Business Day of each Fiscal Quarter and on the Termination Date for any period then ending for which the Commitment Fee shall not have previously been paid.


More Definitions of Unused Commitment Fee

Unused Commitment Fee shall have the meaning given to the term in Section 3.5.c.
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Unused Commitment Fee is defined in Section 4.03(b).
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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.
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Unused Commitment Fee has the meaning set forth in the Fee Letter.
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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%.
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Unused Commitment Fee shall have the meaning specified in Section 6(d) of this Supplement.
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Unused Commitment Fee means the fee paid by the Borrower to the Lender pursuant to Section 1.2(e).
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