Class B Usage Fee Rate definition
Class B Usage Fee Rate means the applicable rate or rates identified as the “Class B Usage Fee Rate” in the Supplemental Fee Letter entered into on the Initial Closing Date between the Issuer and the Administrative Agent, for the benefit of, among others, the Class B Purchasers.
Class B Usage Fee Rate means the sum of (i) the Cost of Funds and (ii) the Class B Usage Fee Margin.
Class B Usage Fee Rate means the sum of (i) the Cost of Funds and (ii) the Class B Usage Fee Margin; provided, however, with respect Class B Advances (or portion thereof) actually funded by a Conduit Lender through the issuance of Commercial Paper, during the continuance of an Event of Default, the Class B Usage Fee Rate shall not exceed the sum of (a)(x) the Adjusted Benchmark (or, as required pursuant to Section 2.15 if the then applicable Benchmark is not available, the Base Rate) or (y) any other rate as determined in accordance with Section 2.15 which may include another tenor of the Benchmark, for the related Interest Accrual Period and (b) the Class B Usage Fee Margin with respect to the Class B Lenders on the date hereof.