Unused Facility Fee definition

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. The fee set forth in the Transactions Terms Letter payable by Seller quarterly in arrears on each Payment Date, based upon the unused portion of the Aggregate Transaction Limit; provided, however, that no fee shall be due on a Payment Date if the Used Amount is less than the specified percentage of the Aggregate Transaction Limit that is set forth in the Transactions Terms Letter.
Unused Facility Fee has the meaning specified in Section 2.09(a).

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.

  • Borrower will pay the Unused Facility Fee on the last day of each calendar quarter; such fee will be non-refundable and fully earned when paid.

  • Company shall prepare annual budgets for the Operations for NewCo’s approval showing expected revenues and expenses, and shall revise such budgets as the Parties deem appropriate from time to time.

  • The Unused Facility Fee is calculated based on a year of 360 days for the actual number of days elapsed.

  • 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.


More Definitions of Unused Facility Fee

Unused Facility Fee has the meaning ascribed to such term in Section 2.04(b).
Unused Facility Fee means the fee payable pursuant to Section 2.06 of this Agreement.
Unused Facility Fee is defined in Section 3.4(b).
Unused Facility Fee has the meaning given to such term in SECTION 2.5.1.
Unused Facility Fee shall have the meaning assigned to it in Annex D.
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.
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.