Unused Facility Fee definition

Unused Facility Fee has the meaning specified in Section 2.09(a).
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Unused Facility Fee. A fee, as set forth in the Transactions Terms Letter or otherwise indicated on Buyer’s then current schedule of fees, payable by Seller quarterly in arrears based upon the unused portion of the Aggregate Transaction Limit; provided, however, that no fee shall be due if the average difference between the Aggregate Transaction Limit and actual outstanding principal amount of all Transactions, calculated on a daily basis, during such quarter is less than that percent of the Aggregate Transaction Limit set forth in the Transactions Terms Letter.
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Unused Facility Fee is defined in Section 3.4(b).
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Examples of Unused Facility Fee in a sentence

  • Further, the Unused Facility Fee shall be paid quarterly in arrears, on the first day of the months of January, April, July and October, for each preceding calendar quarter.

  • Unused Facility Fee payments which cover less than one (1) month shall be prorated based on the actual number of days elapsed.

  • Each carriage lane is 4.0 m wide and each pedestrian strip is 2.0 m wide.

  • The Unused Facility Fee shall be calculated on the last day of each fiscal quarter and shall be due and payable on the fifth day after the end of each fiscal quarter.

  • The accrued Unused Facility Fee shall be paid on the first day of each Fiscal Quarter, in arrears.


More Definitions of Unused Facility Fee

Unused Facility Fee has the meaning given to such term in Section 2.5.1.
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Unused Facility Fee means the fee payable pursuant to Section 2.06 of this Agreement.
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Unused Facility Fee has the meaning ascribed to such term in the Pricing Side Letter.
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Unused Facility Fee will be equal to one quarter of one percent (0.250%) of the average daily difference between the Revolving Credit Commitment and the Revolving Credit Loans.
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Unused Facility Fee means on an annualized basis, a fee equal to thirty seven and one-half one hundredths of one percent (0.375%) of the difference, if any, between the Revolving Credit Commitment and the daily outstanding principal balance of the Revolving Credit Note for each calendar quarter, to be paid within ten (10) days after presentment of each such computation thereof by the Lender.
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Unused Facility Fee has the meaning given to such term in SECTION 2.5.1.
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Unused Facility Fee shall have the meaning assigned to it in the Fee Letter.
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