Annual Facility Fee Sample Clauses

Annual Facility Fee. On each anniversary of the Effective Date, so long as the Loan has not been terminated, Borrower shall pay Lender an annual facility fee in an amount equal to one percent (1%) of the face amount of the Accounts Receivable Note. No portion of such fee shall be refunded in the event of early termination of this Loan and Security Agreement or any termination or reduction of the right of Borrower to request advances under this Loan and Security Agreement. Lender is authorized and directed to disburse a sufficient amount of the Loan proceeds to pay each annual facility fee in full.

Annual Facility Fee. On each anniversary of the Closing Date, an annual facility fee in an amount equal to 0.25% of the Maximum Revolving Amount;

Annual Facility Fee. A fee equal to (i) Seventeen Thousand Five Hundred Dollars ($17,500) on the Third Amendment Effective Date, and (ii) Ten Thousand Dollars ($10,000) annually thereafter, each of which shall be nonrefundable.” 4. Section 6.2(ii) of the Agreement hereby is amended and restated in its entirety to read as follows:

Annual Facility Fee. An annual fee (the "Annual Fee") on each anniversary of the Closing Date in an amount equal to (i) on the first anniversary of the Closing Date, 0.50% times the sum of (x) the Maximum Revolving Amount, plus (y) the then outstanding amount of the Term Loan, (ii) on the second anniversary of the Closing Date, 0.75% times the sum of (x) the Maximum Revolving Amount, plus (y) the then outstanding amount of the Term Loan; and (iii) on the third anniversary of the Closing Date, 1.00% times the sum of (x) the Maximum Revolving Amount, plus (y) the then outstanding amount of the Term Loan. The applicable Annual Fee would be fully-earned and non-refundable on each anniversary of the Closing Date;

Annual Facility Fee. A fee equal to (i) Twenty Two Thousand Five Hundred Dollars ($22,500) on July 1, 2012 and (ii) Twenty Thousand Dollars ($20,000) on July 1, 2013, each of which shall be nonrefundable.”

Annual Facility Fee. On the first anniversary of the date of execution hereof, a facility fee in an amount equal to one-quarter of one (.25%) percent of the Credit Limit which shall have been fully earned at the date of execution hereof, shall be due and payable, and on each anniversary of the date of execution hereof, a facility fee in an amount equal to one-quarter of one

Annual Facility Fee. The Borrowers shall pay to the Agent, for the pro rata benefit of each Bank (based on each Bank's Percentage of the Aggregate Revolving Credit Commitment), an annual fee (the "Facility Fee") equal to the Applicable Facility Percentage of the average daily Aggregate Revolving Credit Commitment (regardless of usage). Such fee shall be payable to the Agent for the period from the Second Restatement Effective Date to and including the last day of the Revolving Credit Commitment Period, payable quarterly in arrears on the first day of each calendar quarter during the Revolving Credit Commitment Period, commencing with the first such date after the Second Restatement Effective Date, and ending on the Termination Date. Fees shall be calculated for each month on the basis of a 360-day year for the actual number of days elapsed in such month.

Annual Facility Fee. Borrower hereby agrees to pay to the Lender an annual facility fee of one-quarter of one percent (.25%) of the Maximum Line, due and payable on an annual basis on each anniversary of the date hereof.

Annual Facility Fee. On each anniversary date of the effective date of this Agreement while any Obligations are outstanding, a fee (the "Annual Facility Fee") in the amount equal to N/A percent (-0-%) of the maximum amount of revolving advances allowable under Section 2.1. The Annual Facility Fee shall be fully earned at the time of payment and non-refundable.