Unused Fee Margin definition

Unused Fee Margin means that per annum percentage rate determined by Agent from time to time in accordance with the following matrix: Tier Unused Fee Margin Leverage Ratio I 0.25% Less than 1.00 to 1.0 II 0.35% Equal to or greater than 1.00 to 1.0 but less than 2.00 to 1.0 III 0.50% Equal to or greater than 2.00 to 1.0 In the event VSE fails to provide such consolidated financial statements and Compliance Certificate to the Agent when due, the Unused Fee Margin shall be set at the margin corresponding to “Tier III” in the table above until such time as such consolidated financial statements and Compliance Certificate are submitted to and accepted by the Agent pursuant to this Agreement.
Sample 1
Unused Fee Margin means that per annum percentage rate determined by Lender from time to time in accordance with the chart set forth below. Revolving Credit Unused Line Fee Leverage Ratio -------------------------------- -------------- 0.10% Less than 1.0 to 1.0 0.15% Equal to or greater than 1.0 to 1.0 but less than 2.0 to 1.0 0.20% Equal to or greater than 2.0 to 1.0
Sample 1
Unused Fee Margin means that per annum percentage rate determined by Agent from time to time in accordance with the following matrix: Unused Fee Margin Leverage Ratio ----------------- -------------- 0.25% Less than 1.00 to 1.0 0.35% Equal to or greater than 1.00 to 1.0 but less than 2.00 to 1.0 0.50% Equal to or greater than 2.00 to 1.0
Sample 1

Examples of Unused Fee Margin in a sentence

  • Borrowers shall pay to Agent for the ratable benefit of Lenders a revolving credit facility fee (collectively, the "Revolving Credit Unused Line Fees" and individually, a "Revolving Credit Unused Line Fee") in an amount equal to the Unused Fee Margin multiplied by the average daily unused and undisbursed portion of the Revolving Credit Committed Amount in effect from time to time accruing during each calendar quarter.

  • Borrowers shall pay to Agent for the ratable benefit of Lenders a revolving credit facility fee (collectively, the “Revolving Credit Unused Line Fees” and individually, a “Revolving Credit Unused Line Fee”) in an amount equal to the Unused Fee Margin multiplied by the average daily unused and undisbursed portion of the Revolving Credit Committed Amount in effect from time to time accruing during each calendar quarter.

  • Borrowers shall pay to Lender a revolving credit facility fee (collectively, the "Revolving Credit Unused Line Fees" and individually, a "Revolving Credit Unused Line Fee") in an amount equal to the Unused Fee Margin multiplied by the average daily unused and undisbursed portion of the Revolving Credit Committed Amount in effect from time to time accruing during each calendar quarter.


More Definitions of Unused Fee Margin

Unused Fee Margin means, as of any date of determination, the following percentage based upon Borrowers’ most recent Senior Debt to EBITDA Ratio calculation (determined as set forth in the following paragraph); provided, however, that for the period from the Sixth Amendment Effective Date, through the date that is 90 days after the Sixth Amendment Effective Date, the applicable Unused Fee Margin shall be 0.375 percent: Level Senior Debt to EBITDA Ratio Unused Fee Margin I less than or equal to 5.50:1.00 0.375 percent II greater than 5.50:1.00 0.50 percent Except as set forth in the foregoing proviso, the Unused Fee Margin shall (a) be based upon Borrowers’ most recent Senior Debt to EBITDA Ratio calculation, and (b) be re-determined each fiscal quarter on the first day of the fiscal month following the date Borrowers deliver to Agent the certified calculation of Senior Debt to EBITDA Ratio pursuant to Section 6.3 hereof; provided, however, that if Borrowers fail to provide such certification when such certification is due, the applicable Unused Fee Margin shall be set at the margin in the row styled “Level II” as of the first day of the fiscal month following the date on which the certification was required to be delivered until the date on which such certification is delivered (on which date (but not retroactively), without constituting a waiver of any Default or Event of Default occasioned by the failure to timely deliver such certification, the Unused Fee Margin shall be set at the margin based upon the Senior Debt to EBITDA Ratio calculation disclosed by such certification). Notwithstanding anything in this Agreement to the contrary in the event that the audited financial statements required under Section 6.3(b) for any fiscal year of Parent and its Subsidiaries shall indicate that the actual Senior Debt to EBITDA Ratio was higher or lower for any fiscal quarter in such fiscal year than previously reported in a certified calculation of the Senior Debt to EBITDA Ratio for such fiscal quarter, then the Unused Fee Margin shall be adjusted retroactively (to the effective date of the adjustment to the Unused Fee Margin which was based upon the delivery of such certified calculation) to reflect the correct margin, and the Borrowers shall make payment to or receive credit from (as applicable) the Lenders to reflect such adjustment.
Sample 1

Related to Unused Fee Margin

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Unused Fee Rate means a rate per annum equal to 0.50%.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including February 28, 2015, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled "Level II"; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled "Level II": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

  • Applicable Commitment Fee Rate means:

  • Undrawn Fee Rate For any VFN Class, the rate set forth or described in the related Indenture Supplement, if any. United States and U.S.: The United States of America.

  • L/C Fee Rate means the rates set forth in Schedule 1 hereto beside the then applicable Level.

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment (without regard to usage) at such time as set forth in the Pricing Schedule.

  • Applicable Fee Rate means, at any time, the percentage rate per annum at which Commitment Fees are accruing on the unused portion of the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Applicable Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate certain of the fees due and payable hereunder, determined by reference to the appropriate columns in the Pricing Matrix attached to this Agreement as Schedule 1.1.

  • Commitment Fee Percentage means 0.25% per annum.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • Program Fee Rate is defined in the Fee Letter.

  • Unused Line Fee has the meaning specified in Section 2.5.

  • Base Rate Margin means a rate per annum determined in accordance with the Pricing Schedule.

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

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.