Unutilized Fee definition

Unutilized Fee has the meaning set forth in Section 2.10.
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Unutilized Fee is defined in Section 3.05.
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Unutilized Fee means collectively, the Unutilized A Fee and the Unutilized B Fee.
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Examples of Unutilized Fee in a sentence

  • To the extent that an Unutilized Fee paid to a Lender does not correspond with the amount provided herein for the applicable Settlement Date, such payment will be reconciled by the Borrower on the immediately succeeding Settlement Date, to the extent provided in Section 3.03.

  • Such Unutilized Fee shall accrue from and including the Closing Date to and including the Facility Termination Date.

  • The County shall pay to the Lender a nonrefundable fee (the “Unutilized Fee”) equal to the product of (i) the Unutilized Fee Rate for such date, and (ii) the actual daily Unutilized Commitment.

  • Such Unutilized Fee shall accrue from and including the Closing Date to and including the Revolving Period Termination Date.

  • The Unutilized Fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions set forth in Article IV is not met, and shall be due and payable quarterly in arrears on the first Business Day of each March, June, September and December (each a “Fee Payment Date”) commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period.

  • To the extent that an Unutilized Fee paid to a Lender does not correspond with the amount provided herein for the applicable Settlement Date, such payment will be reconciled by the Borrower on the immediately succeeding Settlement Date.


More Definitions of Unutilized Fee

Unutilized Fee has the meaning assigned to such term in Section 2.3 hereof.
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Unutilized Fee. To the Class A Lenders, an amount due on each Settlement Date to the extent there are sufficient funds available through the waterfall and equal to 30 bps against any undrawn allocation extended by the Class A Lenders on Class A Loans and not utilized by the Borrower, commencing on the closing date. To the Class B Lenders, an amount due on each Settlement Date to the extent there are sufficient funds available through the waterfall and equal to 30 bps against any undrawn allocation extended by the Class B Lenders on Class B Loans and not utilized by the Borrower, commencing 6 months after the closing date.
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Unutilized Fee means 0.20% (twenty basis points) multiplied by the difference between (a) $10,000,000 and (b) the aggregate outstanding principal balance of the 2017B-1 Note, the 2017B-2 Note and the 2017C Note. In the event of a change in the credit rating assigned by Moody’s or S&P to the general obligation credit rating of the Port, the Unutilized Fee will be increased upon each downgrade of any general obligation credit rating below its current ratings of AA/Aa2 by the additional basis points reflected below:
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