Non-Usage Fee Rate

Example Definitions of "Non-Usage Fee Rate"
Non-Usage Fee Rate. (a) for the period from (and including) the Amended and Restated Closing Date through (and excluding) the First Amendment Date, (i) 0.50% on the Unused Portion up to or equal to the first $60,000,000 of such Unused Portion and (ii) 2.00% on any Unused Portion in excess of the first $60,000,000, (b) for the period from (and including) the First Amendment Date through (and excluding) the three (3) month anniversary thereof, (i) 0.50% on the Unused Portion up to or equal to the first $110,000,000... of such Unused Portion and (ii) 2.00% on any Unused Portion in excess of the first $110,000,000 and (c) thereafter, (i) 0.50% on any Unused Portion up to or equal to the first $80,000,000 and (ii) 2.00% on any Unused Portion in excess of the first $80,000,000; provided that, for the first six (6) months following a Term Securitization, where Wells Fargo Securities, LLC serves as the lead or joint lead bookrunner, the Non-Usage Fee shall be calculated at a rate of 0.50% on any Unused Portion and thereafter, as calculated in clauses (a) and (b) above, as applicable. View More
Non-Usage Fee Rate. (a) Prior to the Eleventh Amendment Effective Date, (i) 0.50% of the first $92,422,766 of the Unused Facility Amount and (ii) 2.50% on the portion of the Unused Facility Amount in excess of $92,422,766, (b) during the first six (6) months commencing on the Eleventh Amendment Effective Date, (i) 0.50% of the first $102,414,415 of the Unused Facility Amount and (ii) 2.50% on the portion of the Unused Facility Amount in excess of $102,414,415 and (c) thereafter, (i) 0.50% of the first $74,666,666... of the Unused Facility Amount and (ii) 2.50% on the portion of the Unused Facility Amount in excess of $74,666,666. View More
All Definitions