Common use of Non-Use Fee Clause in Contracts

Non-Use Fee. The Company agrees to pay to the Agent for the account of each Bank a non-use fee, for the period from the Closing Date to the Termination Date, at the Non-Use Fee Rate in effect from time to time of such Bank's Pro Rata Share (as adjusted from time to time) of the unused amount of the Revolving Commitment Amount. For purposes of calculating usage under this Section, the Revolving Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Revolving Loans plus the Stated Amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last day of each calendar quarter and on the Termination Date for any period then ending for which such non-use fee shall not have previously been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

Appears in 2 contracts

Samples: Credit Agreement (Nashua Corp), Credit Agreement (Nashua Corp)

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Non-Use Fee. The Company agrees to pay to the Agent for the account ----------- of each Bank a non-use fee, for the period from and including the Closing Effective Date to but excluding the Termination Date, at the Non-Use Fee Rate rate per annum in effect from time to time pursuant to Schedule I of such Bank's Pro Rata Share (as adjusted from time to time) the daily average of the unused amount of such ---------- Bank's Percentage of the Revolving Commitment Amount. For purposes of calculating usage under this Section, the Revolving Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Revolving Loans plus the Stated Amount undrawn amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last day of each calendar quarter and on the Termination Date for any period then ending for which such non-use fee shall not have previously theretofore been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (United Rentals Inc)

Non-Use Fee. The Company agrees to pay to the Agent for the account of each Bank a non-use fee, for the period from the Closing Date to the Termination Date, at the Non-Use Fee Rate in effect from time to time of such Bank's Pro Rata Share (as adjusted from time to time) of the unused amount of the Revolving Commitment AmountAmount on each day. For purposes of calculating usage under this Section, the Revolving Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Revolving Loans plus the Stated Amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last day of each calendar quarter and on the Termination Date for any period then ending for which such non-use fee shall not have previously been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Fargo Electronics Inc)

Non-Use Fee. The Company agrees Loan Parties agree to pay to the Agent for the account of each Bank a non-use fee, for the period from the Closing Date to the Termination Date, at the Non-Use Fee Rate in effect from time to time of such Bank's ’s Pro Rata Share (as adjusted from time to time) of the unused amount of the Revolving Commitment Amount. For purposes of calculating usage under this Section, the Revolving Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Revolving Loans plus the Stated Amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last day of each calendar quarter and on the Termination Date for any period then ending for which such non-use fee shall not have previously been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Clarion Technologies Inc/De/)

Non-Use Fee. The Company agrees to pay to the Administrative Agent for the account of each Bank a non-use fee, for the period from the Closing Effective Date to the Termination Date, at a rate per annum equal to the Non-Use Fee Rate in effect from time to time of the daily average of such Bank's Pro Rata Share (as adjusted from time to time) Percentage of the unused amount portion of the Revolving Commitment Amount. For purposes of calculating usage under this Section, the Revolving Commitment Amount shall be deemed used to the extent of the sum of the aggregate outstanding principal amount of all outstanding Revolving Loans plus (but not Swing Line Loans) and the Stated Amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last day Business Day of each calendar quarter and on the Termination Date for any period then ending for which such non-use fee shall not have previously theretofore been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Regal Beloit Corp)

Non-Use Fee. The Company agrees to pay to the Agent for the account ----------- of each Bank a non-use fee, for the period from the Closing Effective Date to the Termination Date, at the Non-Use Fee Rate rate per annum in effect from time to time pursuant to Schedule I of such Bank's Pro Rata Share (as adjusted from time to time) the daily average of the unused amount of such Bank's Percentage ---------- of the Revolving Commitment Amount. For purposes of calculating usage under this Section, the Revolving Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Revolving Loans plus the Stated Amount undrawn amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last day of each calendar quarter and on the Termination Date for any period then ending for which such non-use fee shall not have previously theretofore been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (United Rentals Inc)

Non-Use Fee. The Company agrees to pay to the Administrative Agent for the account of each Bank a non-use fee, for the period from the Closing Date to the Termination Date, at the Non-Use Fee Rate in effect from time to time of such Bank's Pro Rata Share (as adjusted from time to time) of the unused amount of the Revolving Commitment Amount. For purposes of calculating usage under this Section, the Revolving Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Revolving Loans plus the Stated Amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last day of each calendar quarter and on the Termination Date for any period then ending for which such non-use fee shall not have previously been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Cabot Microelectronics Corp)

Non-Use Fee. The Company agrees to pay to the Agent for the account of each Bank Lender a non-use fee, for the period from the Closing Date to the Termination Date, at the Non-Use Fee Rate in effect from time to time of such BankLender's Pro Rata Share (as adjusted from time to time) of the unused amount of the Revolving Commitment Amount. For purposes of calculating usage under this Section, the Revolving Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Revolving Loans plus the Stated Amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last first day of each calendar quarter month and on the Termination Date for any period then ending for which such non-use fee shall not have previously been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Global Technovations Inc)

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Non-Use Fee. The Company agrees to pay to the Agent for the account ----------- of each Bank a non-use fee, for the period from the Closing Effective Date to the Termination Date, at the Non-Use Fee Rate rate per annum in effect from time to time pursuant to Schedule 1.1A of such Bank's Pro Rata Share (as adjusted from time to time) the daily average of the unused amount of such Bank's ------------- Percentage of the Revolving Commitment Amount. For purposes of calculating usage under this Section, the Revolving Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Revolving Loans plus the Stated Amount undrawn amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last day Business Day of each calendar quarter and on the Termination Date for any period then ending for which such non-use fee shall not have previously theretofore been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (United Road Services Inc)

Non-Use Fee. The Company agrees to pay to the Agent for the account of each Bank a non-use fee, for the period from the Closing Date to the Termination Date, at the Non-Use Fee Rate in effect from time to time of such Bank's Pro Rata Share (as adjusted from time to time) of the unused amount of the Revolving Commitment Amount. For purposes of calculating usage under this Section, the Revolving Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Revolving Loans plus the Stated Amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last day of each calendar quarter Fiscal Quarter and on the Termination Date for any period then ending for which such non-use fee shall not have previously been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Nashua Corp)

Non-Use Fee. The Company agrees to pay to the Administrative Agent for the account of each Bank Lender a non-use fee, for the period from the Closing Date to the Termination Date, at the Non-Use Fee Rate in effect from time to time of such Bank's Lender’s Pro Rata Share (as adjusted from time to time) of the unused amount of the Revolving Commitment AmountCommitment. For purposes of calculating usage under this Section, the Revolving Commitment Amount shall be deemed used to the extent of the sum of Revolving Outstandings plus the aggregate principal amount of all outstanding Revolving Loans plus the Stated Amount of all Letters of CreditSwing Line Loans. Such non-use fee shall be payable in arrears on the last day of each calendar quarter month and on the Termination Date for any period then ending for which such non-use fee shall not have previously been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (KapStone Paper & Packaging CORP)

Non-Use Fee. The Company agrees to pay to the Agent for the account of each Bank a non-use fee, for the period from the Closing Date to the Termination Date, at the Non-Use Fee Rate in effect from time to time of such Bank's ’s Pro Rata Share (as adjusted from time to time) of the unused amount of the Revolving Commitment Amount. For purposes of calculating usage under this Section, the Revolving Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Revolving Loans plus the Stated Amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last day of each calendar quarter Fiscal Quarter and on the Termination Date for any period then ending for which such non-use fee shall not have previously been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Nashua Corp)

Non-Use Fee. The Company agrees to pay to the Administrative Agent for the account of each Bank Lender a non-use fee, for the period from the Closing Date to the Termination Date, at the Non-Use Fee Rate in effect from time to time of such Bank's Lender’s Pro Rata Share (as adjusted from time to time) of the unused amount of the Revolving Commitment AmountCommitment. For purposes of calculating usage under this Section, the Revolving Commitment Amount shall be deemed used to the extent of the aggregate principal amount Revolving Outstandings (and in no case shall include outstanding Swing Line Loans as part of all outstanding Revolving Loans plus the Stated Amount of all Letters of Creditusage). Such non-use fee shall be payable in arrears on the last day of each calendar quarter and on the Termination Date for any period then ending for which such non-use fee shall not have previously been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Aar Corp)

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