Unused Fee definition: Copy, customize, and use instantly
Introduction
The term "Unused Fee" refers to a fee charged by a lender or financial institution for the portion of a credit facility that has been committed but not yet utilized. This fee is generally associated with revolving lines of credit or loan agreements where there is an unused balance on the committed amount. It is important to define the Unused Fee clearly in the contract to specify how it applies and when it becomes due, ensuring the lender is compensated for providing the unused portion of the credit facility.
Below are various examples of how "Unused Fee" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Unused Fee" as a Fee for Unused Credit Facility
This definition ties "Unused Fee" to the fee charged on the unused portion of a credit facility.
"Unused Fee" means the fee charged by the lender for any portion of the credit facility that is committed but not drawn upon during the relevant period, typically expressed as a percentage of the unused amount.
Definition of "Unused Fee" as a Revolving Credit Fee
This definition connects "Unused Fee" to a revolving line of credit.
"Unused Fee" refers to the fee assessed on the undrawn portion of a revolving credit facility, calculated based on the unused balance for a given period.
Definition of "Unused Fee" as a Commitment Fee
This definition links "Unused Fee" to a commitment fee structure.
"Unused Fee" means a commitment fee payable by the borrower for the portion of a committed credit facility that is not utilized, calculated as a percentage of the unused portion of the facility.
Definition of "Unused Fee" as a Charge for Unused Loan Amount
This definition applies "Unused Fee" to a loan agreement.
"Unused Fee" refers to the fee imposed by the lender on the portion of the loan amount that has not been disbursed or drawn upon during the loan term.
Definition of "Unused Fee" as a Fee on Unborrowed Funds
This definition ties "Unused Fee" to unborrowed funds within a loan agreement.
"Unused Fee" means the fee that is assessed on any portion of a loan facility that has been allocated but not borrowed by the borrower, calculated as a percentage of the unborrowed funds.
Definition of "Unused Fee" as a Percentage of Unused Credit
This definition connects "Unused Fee" to a specific percentage calculation.
"Unused Fee" refers to the fee charged by the lender on the unused portion of the credit facility, calculated as a percentage of the unused credit for the relevant period.
Definition of "Unused Fee" as an Annual Fee
This definition links "Unused Fee" to an annual fee structure.
"Unused Fee" means an annual fee charged by the lender for any portion of the loan or credit facility that is committed but remains undrawn for the entire year.
Definition of "Unused Fee" as a Quarterly Fee
This definition applies "Unused Fee" to a quarterly fee structure.
"Unused Fee" refers to a fee assessed by the lender on the undrawn portion of the facility, calculated quarterly based on the unused balance during that period.
Definition of "Unused Fee" as a Fee for Reserved Credit
This definition ties "Unused Fee" to reserved credit amounts.
"Unused Fee" means the fee charged by the lender for credit amounts that have been reserved but not utilized during the loan period.
Definition of "Unused Fee" as a Fee for the Non-Utilization of a Credit Line
This definition connects "Unused Fee" to the non-utilization of a credit line.
"Unused Fee" refers to the fee payable by the borrower for any amount of the credit line that has been committed but not drawn upon during a specified period.
Definition of "Unused Fee" as a Fee on Available but Undrawn Credit
This definition applies "Unused Fee" to available but undrawn credit.
"Unused Fee" means the fee that is charged for any portion of the credit facility that is available to be drawn but remains undrawn by the borrower.
Definition of "Unused Fee" as a Fee for Committed Credit Facilities
This definition ties "Unused Fee" to committed credit facilities.
"Unused Fee" refers to a fee calculated based on the portion of a committed credit facility that is not utilized by the borrower.
Definition of "Unused Fee" as a Monthly Fee
This definition connects "Unused Fee" to a monthly fee structure.
"Unused Fee" means a fee imposed by the lender on the undrawn balance of a credit facility, calculated on a monthly basis.
Definition of "Unused Fee" as a Fee for Non-Utilization of Borrowing Base
This definition applies "Unused Fee" to the borrowing base concept.
"Unused Fee" refers to the fee payable for any portion of a borrowing base that is not utilized by the borrower, calculated as a percentage of the unused portion.
Definition of "Unused Fee" as a Fee for Dormant Credit
This definition links "Unused Fee" to dormant credit.
"Unused Fee" means a fee charged by the lender for credit that remains dormant or unutilized, despite being available for borrowing during the agreed-upon period.
Definition of "Unused Fee" as a Fee for Unused Loan Commitment
This definition connects "Unused Fee" to a loan commitment.
"Unused Fee" refers to the fee paid by the borrower for any portion of a loan commitment that remains unutilized, calculated on the unused portion of the commitment.
Definition of "Unused Fee" as a Fee for Unutilized Funds
This definition ties "Unused Fee" to unutilized funds in a credit agreement.
"Unused Fee" means a fee assessed on any funds that are available but not utilized by the borrower under the terms of the agreement, calculated based on the unutilized portion.
Definition of "Unused Fee" as a Fee for Unspent Credit Line
This definition applies "Unused Fee" to an unspent credit line.
"Unused Fee" refers to the fee charged by the lender for any portion of a credit line that has been approved but not utilized by the borrower.
Definition of "Unused Fee" as a Fee on the Committed but Undrawn Portion
This definition connects "Unused Fee" to the committed but undrawn portion.
"Unused Fee" means the fee charged on the portion of the facility that is committed but remains undrawn by the borrower, calculated based on the undrawn balance.
Definition of "Unused Fee" as a Charge for the Inactive Credit
This definition links "Unused Fee" to inactive credit.
"Unused Fee" refers to the charge for any portion of credit that has been made available but remains inactive or unutilized during the applicable period.
Definition of "Unused Fee" as a Fee for Unutilized Borrowing Capacity
This definition ties "Unused Fee" to unutilized borrowing capacity.
"Unused Fee" means the fee assessed on any portion of a borrowing capacity that remains unused by the borrower during a specified time period.
Definition of "Unused Fee" as a Penalty for Non-Use of Credit
This definition connects "Unused Fee" to a penalty structure.
"Unused Fee" refers to the penalty fee charged by the lender for any portion of a committed credit line that is not utilized by the borrower during the term of the facility.
Definition of "Unused Fee" as a Pro-Rated Fee
This definition applies "Unused Fee" to pro-rated fees.
"Unused Fee" means a fee that is pro-rated based on the unused portion of the credit facility, calculated for the period the facility remains undrawn.
Definition of "Unused Fee" as a Fee on Unutilized Amount in Syndicated Loan
This definition ties "Unused Fee" to syndicated loans.
"Unused Fee" refers to the fee charged by the lender on any portion of a syndicated loan that remains undrawn, calculated as a percentage of the unutilized amount.
Definition of "Unused Fee" as a Fee on Non-Drawn Facility Amount
This definition connects "Unused Fee" to non-drawn facility amounts.
"Unused Fee" means a fee that is assessed on the portion of a credit facility that is committed but has not been drawn upon by the borrower during the specified period.
Definition of "Unused Fee" as a Fee for Undrawn Borrowing Facility
This definition applies "Unused Fee" to undrawn borrowing facilities.
"Unused Fee" refers to the fee payable by the borrower for any portion of the borrowing facility that has not been utilized, typically charged on the undrawn balance.
Definition of "Unused Fee" as a Fee for Available but Not Utilized Credit
This definition ties "Unused Fee" to available but not utilized credit.
"Unused Fee" means the fee charged by the lender for any available credit portion that the borrower does not utilize during the specified period.
Definition of "Unused Fee" as a Fee for Unutilized Credit Facility
This definition connects "Unused Fee" to an unutilized credit facility.
"Unused Fee" refers to a fee charged on the portion of the credit facility that is available but not used by the borrower.
Definition of "Unused Fee" as a Fee for Unutilized Capital
This definition applies "Unused Fee" to unutilized capital.
"Unused Fee" means the fee applied to any portion of the capital that is allocated but not drawn upon during the term of the agreement.
Definition of "Unused Fee" as a Fee for Unutilized Financial Facility
This definition ties "Unused Fee" to financial facilities.
"Unused Fee" refers to a fee charged on any portion of a financial facility that is not used, calculated based on the unutilized amount.
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