Unused Fee Rate definition
Unused Fee Rate has the meaning set forth in the Fee Letter.
Unused Fee Rate means a rate equal to 0.50% per annum.
Unused Fee Rate means a per annum rate equal to 0.25%.
Examples of Unused Fee Rate in a sentence
On each Remittance Date for the immediately preceding Interest Period during the Revolving Availability Period, Borrower shall pay to each Lender an unused line fee (the “Unused Fee”) in an amount equal to the product of (i) the Unused Fee Rate for such day and (ii) the difference of (A) such Lender’s Commitment and (B) such ▇▇▇▇▇▇’s Pro Rata Share of Advances Outstanding on such date.
More Definitions of Unused Fee Rate
Unused Fee Rate means 0.50% per annum.
Unused Fee Rate means a per annum rate equal to (a) 0.25%, if the average daily Unused Facility Amount was less than 40% of the Aggregate Revolving Credit Commitments during the preceding Fiscal Quarter, or (b) 0.35%, if the average daily Unused Facility Amount was 40% or more of the Aggregate Revolving Credit Commitments during such Fiscal Quarter.
Unused Fee Rate means a percentage equal to 0.30% if the weighted average usage during the applicable quarter is less than or equal to 50% of the aggregate Commitments and otherwise shall be equal to 0.25%.
Unused Fee Rate means for any calendar quarter (a) 0.25% per annum if the actual daily Commitment Utilization Percentage for such quarter is less than or equal to 50% and (b) 0.20% per annum if the actual daily Commitment Utilization Percentage for such quarter is greater than 50%.
Unused Fee Rate means the percentage set forth below opposite the applicable ratio:
Unused Fee Rate means (a) during the Ramp-Up Period, a rate equal to 0.25% per annum and (b) thereafter, a rate equal to 0.50% per annum.
Unused Fee Rate means an annualized percentage equal to two-tenths of one percent (0.20%) if the Total Revolving Credit Exposure during the applicable day is less than or equal to fifty percent (50%) of the aggregate amount of Lenders’ Revolving Commitments and otherwise shall be equal to fifteen-hundredths of one percent (0.15%).