Unused Facility Fee definition

Unused Facility Fee has the meaning specified in Section 2.09(a).

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.

Unused Facility Fee is defined in Section 3.4(b).

Examples of Unused Facility Fee in a sentence

For each calendar quarter during the Availability Period, Borrower shall pay to the Lenders (ratably, based on relative unused Committed Amounts) an Unused Facility Fee.
For each calendar quarter during the Availability Period beginning on January 1, 2022, the Borrowers shall pay to the Lender an Unused Facility Fee.
Each Unused Facility Fee shall be payable in arrears within fifteen (15) Business Days following the end of the applicable calendar quarter, and any unpaid portion thereof shall be immediately due and payable upon any acceleration of the Obligations hereunder or upon the Final Maturity Date.
Each Unused Facility Fee shall be payable in arrears within 15 Business Days following the end of the applicable calendar quarter, and any unpaid portion thereof shall be immediately due and payable upon any acceleration of the Obligations hereunder or upon the Maturity Date.

Unused Facility Fee has the meaning given to such term in Section 2.5.1.

Unused Facility Fee has the meaning ascribed to such term in the Pricing Side Letter.

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.

Unused Facility Fee has the meaning given to such term in SECTION 2.5(B).

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.

Unused Facility Fee. A fee, as set forth in the Commitment Letter, payable by Borrower quarterly in arrears based upon the unused portion of the Aggregate Credit Limit; provided, however, that no fee shall be due if the average difference between the Aggregate Credit Limit and actual outstanding principal amount of all Advances, calculated on a daily basis, during such quarter is less than that percent of the Aggregate Credit Limit set forth in the Commitment Letter.