Examples of Unused Facility Fee Rate in a sentence
The Borrowers shall pay to the Administrative Agent for the account of the Revolving Credit Lenders in accordance with their Applicable Percentages, an unused facility fee (the “Unused Facility Fee”) equal to the Unused Facility Fee Rate times the daily average amount of Overall Unused Amount for the applicable calendar month for which such Unused Facility Fee is due.
The Unused Facility Fee Rate shall be computed as follows: (1) For any Fiscal Quarter in which the average daily principal balance of all outstanding Advances is less than or equal to $55,000,000, the Unused Facility Fee Rate shall be one-quarter of one percent (0.25%) per annum; (2) For any Fiscal Quarter in which the average daily principal balance of all outstanding Advances is greater than $55,000,000, the Unused Facility Fee Rate shall be one-eighth of one percent (0.125%) per annum.
There were numerous other meetings, but the above mentioned are significant for their content and the decisions taken in their aftermath.
The Borrowers shall pay to the Revolver Agent for the account of the Revolving Credit Lenders in accordance with their Applicable Percentages, an unused facility fee (the “Unused Facility Fee”) equal to the Unused Facility Fee Rate times the daily average amount of Overall Unused Amount for the applicable calendar month for which such Unused Facility Fee is due.