Unused Line definition

Unused Line means the amount available for draw but not advanced from time to time on the Line of Credit.
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Unused Line means, on any day, the then Total Lending Commitments minus the principal amount of Borrowings then outstanding.
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Unused Line means the amount by which $6,000,000 exceeds the average dally principal balance of the outstanding Revolving Loans during the immediately preceding month (or part thereof).
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Examples of Unused Line in a sentence

  • The Unused Line Fee shall be computed on the basis of a 360-day year for the actual number of days elapsed.

  • An innovation policy for Jordan would usefully complement HCST's Science and Technology strategy.

  • Until a Defaulting Lender cures its failure to fund its Pro Rata Share of any Borrowing (A) such Defaulting Lender shall not be entitled to any portion of the Unused Line Fee and (B) the Unused Line Fee shall accrue in favor of the Lenders which have funded their respective Pro Rata Shares of such requested Borrowing and shall be allocated among such performing Lenders ratably based upon their relative Commitments.

  • Interest, Letter of Credit and LC Guaranty fees and Unused Line Fees hereunder shall be calculated daily and shall be computed on the actual number of days elapsed over a year of 360 days.

  • The Unused Line Fee shall be payable monthly in arrears on the first day of each successive calendar month (starting with the month in which the Closing Date occurs).

  • The Unused Line Fee shall be paid in arrears, on the first day of each month after the execution of this Agreement and on the Termination Date.

  • The Letter of Credit Fee incurred for each month is payable at the same time each payment of the Unused Line Fee is due.

  • A Lender shall not be entitled to receive any fees accruing hereunder during the period in which it is a Defaulting Lender, and the unfunded portion of its Commitment shall be disregarded for purposes of calculating the Unused Line Fee under Section 2.05(a).

  • The Unused Line Fee shall be paid in arrears, on the first day of each quarter after the execution of this Agreement and on the Termination Date.

  • All principal payments received by the Agent shall be deemed to be credited immediately upon receipt for purposes of calculating the Unused Line Fee pursuant to this Section 3.5. Upon receipt thereof, the Agent shall distribute the Unused Line Fee to the Revolving Credit Lenders ratably based on their Pro Rata Shares of the Revolving Credit Commitments.


More Definitions of Unused Line

Unused Line. FEE: IN THE EVENT, IN ANY CALENDAR MONTH (OR PORTION THEREOF AT THE BEGINNING AND END OF THE TERM HEREOF), THE AVERAGE DAILY PRINCIPAL BALANCE OF THE LOANS OUTSTANDING DURING THE MONTH IS LESS THAN THE AMOUNT OF THE MAXIMUM CREDIT LIMIT, BORROWER SHALL PAY SILICON AN UNUSED LINE FEE IN AN AMOUNT EQUAL TO 0.25% PER ANNUM ON THE DIFFERENCE BETWEEN THE AMOUNT OF THE MAXIMUM CREDIT LIMIT AND THE AVERAGE DAILY PRINCIPAL BALANCE OF THE LOANS OUTSTANDING DURING THE MONTH, WHICH UNUSED LINE FEE SHALL BE COMPUTED AND PAID MONTHLY, IN ARREARS, ON THE FIRST DAY OF THE FOLLOWING MONTH.
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Unused Line means, on any Business Day, the Maximum Uncollected Amount minus the final Uncollected Balance in the GCC Account on that Business Day, and on any other day, the Maximum Uncollected Balance minus the final Uncollected Balance in the GCC Account on the immediately preceding Business Day.
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Unused Line has the meaning ascribed to it in Section 1.7(b).”
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Unused Line means the amount by which the Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans, Term Loans and Letters of Credit.
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Unused Line is defined in Section 3.2.
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Related to Unused Line

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

  • 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).

  • 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.

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

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d). [Signature page follows.]

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

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

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

  • Unused Commitment means at any date, with respect to any Bank, an amount equal to its Commitment less the aggregate outstanding principal amount of its Loans.

  • Unused Commitments means an amount equal to all unadvanced funds (other than unadvanced funds in connection with any construction loan) which any third party is obligated to advance to Borrower or another Person or otherwise pursuant to any loan document, written instrument or otherwise.

  • Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).

  • 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 Commitment Fee Rate means:

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

  • Unused Amount means the Maximum Line reduced by outstanding Revolving Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one-half of one percent (0.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Unused Portion has the meaning assigned to that term in Section 2.09(a).

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Available Unused Commitment means, with respect to a Revolving Facility Lender under any Class of Revolving Facility Commitments at any time, an amount equal to the Dollar Equivalent of the amount by which (a) the applicable Revolving Facility Commitment of such Revolving Facility Lender at such time exceeds (b) the applicable Revolving Facility Credit Exposure of such Revolving Facility Lender at such time.

  • 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.

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

  • 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

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

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

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

  • 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.

  • 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.