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Unused Line Fee
Unused Line Fee contract clause examples

Ticking Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender (other than any Lender that is a Defaulting Lender in respect of any period during which such Lender is a Defaulting Lender) in accordance with its Percentage, a ticking fee (the “Ticking Fee”) in Dollars equal to 0.125% per annum on the aggregate principal amount of the undrawn aggregate Commitments outstanding from time to time (other than the Commitments of any Defaulting Lender), which fee shall accrue during the period # from December 19, 2018 and # ending on the earlier of the Closing Date and the Commitment Termination Date (such earlier date in this clause (ii), the “Ticking Fee Payment Date”). The Ticking Fee shall be due and payable on the Ticking Fee Payment Date.

Ticking Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender with a Term Loan Commitment in accordance with its Applicable Percentage, a ticking fee equal to the Applicable Rate times the actual daily amount of the unused Aggregate Term Loan Commitments.

Section # Fees. (a) Subject to [Section 2.23], the Company agrees to pay to the Administrative Agent for the account of each Lender a ticking fee in Dollars, which shall accrue at the Applicable Rate on the daily unused amount of the Commitment of such Lender (other than a Defaulting Lender) during the period from and including 60 days after the Effective Date to but excluding the earlier of # the Term Loan Funding Date and # the date on which such Commitment terminates. Accrued ticking fees shall be payable in arrears on the twentieth (20th) day following the last day of March, June, September and December of each year and on the earlier of # the Term Loan Funding Date and # the date on which the Commitments terminate, commencing on the first such date to occur after the date hereof. If the date on which accrued ticking fees are payable is not a Business Day, the date for payment of such fees shall be extended to the next succeeding Business Day. All ticking fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Ticking Fee. The Borrowers shall pay to the Administrative Agent for the account of each Term A-2 Lender (other than Defaulting Lenders to the extent set forth in [Section 2.16(a)(iii)]), a ticking fee (the “Ticking Fee”) equal to 0.20% per annum of the daily unused portion of each Term A-2 Lender’s Term A-2 Commitment. The Ticking Fee shall accrue at all times during the Availability Period in respect of the Term A-2 Facility, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable on the last date of the Availability Period in respect of the Term A-2 Facility (and, if applicable, thereafter on demand).

Ticking Fee. The shall pay to the [[Administrative Agent:Organization]], for the account of each Delayed Draw Term Loan , a ticking fee (the “Ticking Fee”) equal to Applicable Rate per annum of the daily unused portion of each Delayed Draw Term Loan ’s Delayed Draw Term Loan Commitment. The Ticking Fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable on the last date of the Availability Period (and, if applicable, thereafter on demand).

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