Minimum Balance Fee. On the first day of each month, commencing on April 1, 2023, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fees due for the prior month. The Minimum Balance Fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.
Minimum Balance Fee. Borrowers shall pay to Agent a monthly fee equal to (a) the Contract Rate (giving effect to the Default Rate, if applicable at such time) multiplied by (b) the amount by which the applicable Minimum Balance exceeds the average monthly Revolver Usage for such month; provided, that if the average monthly Revolver Usage for any month exceeds the applicable Minimum Balance, no such fee shall be payable for such month. Such fees shall be due and payable on the first calendar day of each calendar month (commencing on January 1, 2023) and on the Commitment Termination Date.
Minimum Balance Fee. From and following the Closing Date on the first day of each month, and payable in arrears, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee equal to the product of (i) the positive difference (if any), remaining after subtracting (A) the average end-of-day principal balance of Revolving Loans outstanding during the immediately preceding month (without giving effect to the clearance day calculations referenced above or in Section 2.2(a) from (B) the Minimum Balance, multiplied by (ii) the highest interest rate applicable to the Revolving Loans during such month (or, during the existence of an Event of Default, the default rate of interest set forth in Section 10.5(a)). The minimum balance fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.
Minimum Balance Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (a) the positive difference, if any, of (i) the Minimum Balance minus (ii) the average end-of-day principal balance of Revolving Loan Outstandings during the immediately preceding month (without giving effect to the clearance day calculations referenced in Section 2.2(a) of the Credit Agreement), multiplied by (b) the average interest rate applicable to the Revolving Loans during such month (or, during the existence of an Event of Default, the default rate of interest set forth in Section 10.5(a)). Such fee is to be paid monthly in arrears on the first day of each month.
Minimum Balance Fee. If Client’s aggregate principal amount outstanding is not at least 80% of the Maximum Debit for the previous thirty (30) days as of the first day of the interest period, as described in Section 2.02, then Client shall be charged on the difference between 80% and the aggregate principal amount at One-month LIBOR plus 60 bps.
Minimum Balance Fee. If there has been no Event of Default, and Borrower has failed to maintain the principal amount outstanding under the 2007 Term Loan at or above the Initial Minimum Balance (i.e., $100,000) for any consecutive five day period during the Term, in addition to all other interest and fees due under the Loan Documents, Borrower must pay to Lender a success fee (“Minimum Balance Fee”) equal to the number of months (partial or otherwise) that any portion of the 2007 Term Loan is outstanding during the Term, multiplied by $50,000.00 (e.g., in the event that Borrower successfully pursues opportunities, or is otherwise able to repay the 2007 Term Loan by June of 2007, for the months of March to June of 2007, the Minimum Balance Fee would be $200.000, or, $50,000 per month for the four months that a balance was outstanding during the Term). The Minimum Balance Fee shall be paid upon demand by Lender, or if no demand, upon payment in full of the 2007 Term Loan, but no Minimum Balance Fee shall be owing if the outstanding principal balance of the 2007 Term Loan is, at all times during the Term, greater than the Initial Minimum Balance, or if Borrower is obligated to make the Term Loan Default Fee.
Minimum Balance Fee. Notwithstanding anything in Section 2.14 of the Credit Agreement to the contrary, from and after the date hereof the Minimum Balance Fee shall be $0.
Minimum Balance Fee. On the first day of each month, commencing on April 1, 2024, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fee due for the prior month (including in the case of the April 1, 2024 payment, accrued and unpaid Minimum Balance Fees under the Existing Credit Agreement). The Minimum Balance Fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable. The Borrowers hereby agree that all accrued and unpaid fees due and owing to Agent pursuant to Section 2.2(d) of the Existing Credit Agreement as of the Closing Date shall be paid in cash by the Borrowers to Agent on the first day of the first calendar month following the Closing Date.
Minimum Balance Fee. On the first day of each month, commencing on [***], the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fee due for the prior month (including in the case of the [***] payment, accrued and unpaid Minimum Balance Fees under the Existing Credit Agreement). The Minimum Balance Fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable. The Borrowers hereby agree that all accrued and unpaid fees due and owing to Agent pursuant to Section 2.2(d) of the Existing Credit Agreement as of the Closing Date shall be paid in cash by the Borrowers to Agent on the first day of the first calendar month following the Closing Date.
Minimum Balance Fee. On the first day of each month, commencing on the first month following Second Amendment Effective Date, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fees due for the prior month. The Minimum Balance Fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.”
