Unused Line Fee Margin definition

Unused Line Fee Margin means with respect to any month (or portion thereof) for which the unused line fee under Section 2.3 is being calculated, a per annum rate equal to three-eighths of one percent (0.375%).
Sample 1Sample 2
Unused Line Fee Margin means with respect to any month (or portion thereof) for which the unused line fee under SECTION 2.3 is being calculated, a per annum rate equal to (a) three-eighths of one percent (0.375%) if the sum of (i) the average daily balance of the Revolving Loan for such period plus (ii) the average daily balance of Letter of Credit Obligations for such period plus (iii) the average daily balance of the Canadian Facility Revolving Loan (expressed in U.S. Dollars) for such period, is less than $60,000,000 and (b) one-quarter of one percent (0.25%) if the sum of (i) the average daily balance of the Revolving Loan for such period plus (ii) the average daily balance of Letter of Credit Obligations for such period plus (iii) the average daily balance of the Canadian Facility Revolving Loan (expressed in U.S. Dollars) for such period, is equal to or greater than $60,000,000.
Sample 1
Unused Line Fee Margin means, from the Effective Date through the last day of the Fiscal Quarter ending June 30, 2019, 0.375% per annum. Commencing July 1, 2019, the Unused Line Fee will be adjusted on the first day of each Fiscal Quarter, effective prospectively through the last day of such Fiscal Quarter, as follows: (i) 0.250% per annum if the Quarterly Average Availability Percentage for the immediately preceding Fiscal Quarter was less than 50% or (ii) 0.375% per annum if the Quarterly Average Availability Percentage for the immediately preceding Fiscal Quarter was greater than or equal to 50%.
Sample 1

Examples of Unused Line Fee Margin in a sentence

  • Concurrently with the delivery of those Financial Statements, Borrower Representative shall deliver to Agent and Lenders a certificate, signed by its chief financial officer, setting forth in reasonable detail the basis for the continuance of, or any change in, the Applicable Margins (other than the Applicable Unused Line Fee Margin).

  • The Applicable Revolver Index Margin, Applicable Revolver LIBOR Margin, Applicable Term Loan Index Margin, Applicable Term Loan LIBOR Margin, Applicable L/C Margin, and Applicable Unused Line Fee Margin shall be 0.50%, 2.00%, 0.75%, 2.25%, 1.50%, and 0.375% per annum, respectively.

  • If any Default or an Event of Default has occurred and is continuing at the time any reduction in the Applicable Margins (other than the Applicable Unused Line Fee Margin) is to be implemented, that reduction shall be deferred until the first day of the first Fiscal Quarter following the date on which all Defaults or Events of Default are waived or cured.

  • The Applicable Revolver Index Margin, Applicable Revolver LIBOR Margin and Applicable Unused Line Fee Margin will be 1.0%, 2.75%, and 0.5% per annum, respectively.

  • Failure to timely deliver such Financial Statements shall, in addition to any other remedy provided for in this Agreement, result in an increase in the Applicable Margins (other than the Applicable Unused Line Fee Margin) to the highest level set forth in the foregoing grid, until the first day of the first Fiscal Quarter following the delivery of those Financial Statements demonstrating that such an increase is not required.

  • Borrower shall pay to Agent, for the benefit of Lenders, a fee in an amount equal to the Revolving Loan Commitment less the sum of (i) the average daily balance of each of the Revolving Loans plus, (ii) the average daily balance of the Letter of Credit Obligations during the preceding month, multiplied by (iii) the Unused Line Fee Margin per annum.

  • Applicable Unused Line Fee Margin (calculated on the basis of a 360 day year for actual days elapsed) multiplied by (ii) (A) the Maximum Amount (as it may be reduced from time to time) minus (B) the average for the period of the daily closing balances of the Revolving Loan, the Term Loan and the Swing Line Loan outstanding during the period for which such Fee is due.

  • Borrower shall pay to Agent, for the benefit of Lenders, a fee in an amount equal to the Revolving Loan Commitment less the average daily balance of the Revolving Loan during the preceding month, multiplied by the Unused Line Fee Margin per annum.

  • As of the Closing Date, the Applicable Unused Line Fee Margin is 0.50%.

  • Any inconvenience such as noise and dust would be for a short period during construction.


More Definitions of Unused Line Fee Margin

Unused Line Fee Margin means with respect to any month (or portion thereof) for which the unused line fee under SECTION 2.3 is being calculated, a per annum rate equal to (a) three-eighths of one percent (0.375%) if the sum of (i) the average daily balance of the Revolving Loan (expressed in US Dollars) for such period plus (ii) the average daily balance of the US Facility Revolving Loan for such period plus (iii) the average daily balance of the US Facility Letter of Credit Obligations for such period, is less than US$60,000,000 and (b) one-quarter of one percent (0.25%) if the sum of (i) the average daily balance of the Revolving Loan (expressed in US Dollars) for such period plus (ii) the average daily balance of the US Facility Revolving Loan for such period, is equal to or greater than US$60,000,000. "US Dollars" and "US$" each means the lawful money of the United States of America.
Sample 1

Related to Unused Line 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 Line Fee has the meaning specified in Section 2.5.

  • 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.

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

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

  • 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 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.

  • 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.

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

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

  • 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 Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time 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.

  • 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.

  • 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.

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

  • Program Fee Rate is defined in the Fee Letter.

  • 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].

  • Letter of Credit Fee Rate means, at any time, the percentage rate per annum applicable to Letter of Credit Fees at such time as set forth in the Pricing Schedule.

  • 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.

  • Commitment Fee Percentage means 0.25% per annum.