Unused Loan Fee definition
Examples of Unused Loan Fee in a sentence
In respect of the foregoing, the Unused Loan Fee shall continue to be charged based on the Lenders' Revolving Loan Commitments, notwithstanding the implementation of the Borrowing Limitation.
The Unused Loan Fee shall be due and payable commencing October 1, 1999 and continuing on the 1st day of each subsequent month thereafter.
The applicable Unused Loan Fee rate (the "UNUSED LOAN FEE RATE") shall be based upon the collective Funded Debt to Modified Borrower EBITDA of all Borrowers as of the end of the applicable Unused Loan Fee Calculation Period as set forth in LOAN FEE CALCULATION SCHEDULE attached to and made a part of this Agreement.
In addition, beginning July 1, 2002 and continuing on the first day of each calendar quarter thereafter, Borrower shall pay an Unused Loan Fee calculated based the average amount of the Unused Loan that existed at any time during the preceding calendar quarter.
The Unused Loan Fee applicable to any Unused Loan Fee Calculation Period shall be the product derived by multiplying the Unused Loan Fee Rate times the average amount by which the Dollar Limitation during the applicable Unused Loan Fee Calculation Period exceeded the average daily outstanding principal amount of the Loan during that interval, divided by 360, multiplied by the number of days during the applicable Unused Loan Fee Calculation Period.
The Unused Loan Fee is calculated based on a year of 360 days for the actual number of days elapsed.
The accrued Unused Loan Fee shall be paid on the first day of each Fiscal Quarter, in arrears.
The Unused Loan Fee shall commence to accrue on the ▇▇▇▇ hereof and shall be payable in arrears.
The Unused Loan Fee shall commence to accrue on the date hereof and shall be payable in arrears.