Unused Rate definition

Unused Rate means the following percentages per annum based upon the Daily Usage as set forth below: Daily Usage Unused Rate <50% 0.25% >50% 0.15%

Unused Rate means, with respect to the Aggregate Revolving Commitments as of any date, a percentage per annum equal to (a) if the Total Revolving Outstandings is less than fifty percent (50%) of the Aggregate Revolving Commitments, four tenths percent (0.40%) and (b) if the Total Revolving Outstandings is greater than or equal to fifty percent (50%) of the Aggregate Revolving Commitments, three tenths percent (0.30%).

Unused Rate means 0.15%.

Examples of Unused Rate in a sentence

• The Unused Fee shall be calculated monthly in arrears based on the applicable daily Unused Rate during each day of such month.

• The unused fee shall be calculated quarterly in arrears, and if there is any change in the Unused Rate during any quarter, the actual daily amount shall be computed and multiplied by the Unused Rate separately for each period during such quarter that such Unused Rate was in effect.

• The unused fee shall be calculated quarterly in arrears, and if there is any change in the Daily Usage during any quarter, the actual daily amount shall be computed and multiplied by the Unused Rate separately for each period during such quarter that such Unused Rate was in effect.

• The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, an unused fee equal to the Unused Rate times the actual daily amount by which the Aggregate Commitments exceed the sum of (i) the Outstanding Amount of Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.17.

• In addition to certain fees described in subsections (h) and (i) of Section 2.03, Borrower shall pay to Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, an unused fee equal to the Unused Rate times the actual daily amount by which the Aggregate Commitments exceed the sum of (i) the Outstanding Amount of Committed Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.17.

More Definitions of Unused Rate

Unused Rate means with respect to any day during an Interest Accrual Period:

Unused Rate means a percentage rate per annum equal to 0.40%.

Unused Rate means 0.65%.

Unused Rate means, as of any date, (a) a percentage per annum equal to twenty-five basis points (0.25%) if on such date the Total Outstandings are less than or equal to fifty percent (50%) of the Aggregate Commitments and (b) a percentage per annum equal to twenty basis points (0.20%) if on such date the Total Outstandings are greater than fifty percent (50%) of the Aggregate Commitments.

Unused Rate means, with respect to the Aggregate Revolving Commitments or the Aggregate TL Commitments as of any date, a percentage per annum equal to 0.25%.

Unused Rate means, with respect to the Aggregate Revolving Commitments as of any date, a percentage per annum equal to (a) if the Total Revolving Outstandings is less than 50% of the Aggregate Revolving Commitments, 0.40% and (b) if the Total Revolving Outstandings is greater than or equal to 50% of the Aggregate Revolving Commitments, 0.30%.

Unused Rate means 0.225%.