Unused Line Fee Rate definition

Unused Line Fee Rate a per annum rate equal to 0.25%.
Unused Line Fee Rate means (i) initially, 0.50% per annum on the average daily unused Availability, calculated based upon the actual number of days elapsed over a 360-day year payable quarterly in arrears and (ii) from and after the delivery by the Lead Borrower to the Administrative Agent of the Borrowing Base Certificate for the first full fiscal quarter completed after the Closing Date, determined by reference to the following grid on a per annum basis based on the Average Usage as a percentage of the Revolving Commitments during the immediately preceding fiscal quarter: Average Usage Unused Line Fee Rate < 50% 0.50% ³ 50% 0.375%
Unused Line Fee Rate means 0.225% per annum on the average daily unused Revolving Commitments, calculated based upon the actual number of days elapsed over a 360-day year payable quarterly in arrears.

Examples of Unused Line Fee Rate in a sentence

  • Borrowers shall pay to Agent, for the Pro Rata benefit of the Revolver Lenders, a fee equal to the Unused Line Fee Rate times the amount by which the Revolver Commitments exceed the average daily Revolver Usage during any calendar month.


More Definitions of Unused Line Fee Rate

Unused Line Fee Rate means 0.50% per annum on the average daily unused Availability, calculated based upon the actual number of days elapsed over a 360-day year payable monthly in arrears.
Unused Line Fee Rate means, as of any date of determination under Section 2.10(b) of the Agreement, 0.250%.
Unused Line Fee Rate means 0.50%.
Unused Line Fee Rate in Section 1.1 of the Loan Agreement. The definition of “Unused Line Fee Rate” in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Unused Line Fee Rate means, for any day, (i) initially, a percentage per annum equal to 0.30% and (ii) following the end of the first full fiscal quarter after the Closing Date, a percentage per annum determined by reference to the following grid based on the Average Usage under the applicable Subfacility as of the most recent Adjustment Date: 77 Average Usage Unused Line Fee Rate < 25% 0.30% ³ 25% 0.25%
Unused Line Fee Rate means, for any month, a rate per annum equal to (i) 0.25% if the average daily amount of the Revolver Loans outstanding during the immediately preceding month equals or exceeds 50% of all Revolver Commitments; and (ii) 0.50% if the average daily amount of the Revolver Loans outstanding during the immediately preceding month is less than 50% of all Revolver Commitments.
Unused Line Fee Rate means, as of any date of determination under Section 2.10(b) of the Agreement, the applicable rate set forth in the following table that corresponds to the average Daily Balance of the Revolver Usage during the immediately preceding month (or portion thereof): Average Daily Balance of the Revolver Usage during the immediately preceding month (or portion thereof) Unused Line Fee Rate Greater than 40% of the aggregate Revolver Commitments 0.250% Less than or equal to 40% of the aggregate Revolver Commitments 0.375%