Undrawn Fee a fee payable pursuant to Section 3.2 for each day of the related Collection Period equal to the product of (x) the aggregate Commitments on such day minus the aggregate principal amount of outstanding Advances on such day times (y) the Undrawn Fee Rate times (z) 1/360.
Undrawn Fee has the meaning assigned to that term in Section 2.09.
Undrawn Fee is defined in Section 2.4(a).
Examples of Undrawn Fee in a sentence
The Undrawn Fee shall be fully earned and nonrefundable under any circumstances and in addition to, and not creditable against, any other fee, cost or expense payable under the Investment Documents.
For purposes of this Section 3.10, the Undrawn Fee shall be calculated on a daily basis.
Payments of Yield and Undrawn Fee shall be allocated and applied to Lenders pro rata based upon the respective amounts of such Yield and Undrawn Fee due and payable to them.
More Definitions of Undrawn Fee
Undrawn Fee has the meaning set forth in Section 3.02(b).
Undrawn Fee has the meaning set forth in the Fee Letters.
Undrawn Fee has the meaning specified in Section 2.06(b).
Undrawn Fee is defined in Section 3.10.
Undrawn Fee a fee payable during the Revolving Period pursuant to Section 3.1 for each day of the related Collection Period equal to the product of (x) the difference between the aggregate Commitments on such day minus the aggregate principal amount of outstanding Advances on such day times (y) the Undrawn Fee Rate times (z) 1/360; provided that, notwithstanding the foregoing, the Undrawn Fee relating to any Utilization Shortfall shall not be payable to the extent that the Utilization Fee relating to such Utilization Shortfall is paid to the Lenders in accordance with this Agreement.
Undrawn Fee as defined in Section 3.7(e)(ii).
Undrawn Fee means, with respect to any Committed Lender, a fee which shall accrue at the Applicable Undrawn Fee Rate on the average daily undrawn amount of the Commitment of such Committed Lender, during the period from and including the Closing Date to but excluding the date on which such Commitment terminates.