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 Effective Date to the Termination Date, at the rate per annum in effect from time to time pursuant to SCHEDULE 1.1 of the daily average of the unused amount of such Bank's Percentage of the Commitment Amount. For purposes of calculating usage under this Section, the Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Loans plus the undrawn amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last 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 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 (U S Liquids 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 Effective Date June 29, 1998 to the Termination Date, at the rate per annum in effect from time to time pursuant to SCHEDULE Schedule 1.1 of the daily average of the unused amount of such Bank's Percentage of the Commitment Amount. For purposes of calculating usage under this Section, the Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Loans plus the undrawn amount Stated Amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last 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 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 (Santi Group Inc /Ga)

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 Effective Date to the Termination Date, at the rate per annum in effect from time to time pursuant to SCHEDULE 1.1 Schedule 1.1A of the daily average of the unused amount of such Bank's Percentage of the Commitment Amount. For purposes of calculating usage under this Section, the Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Loans plus the undrawn amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last 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 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 and including the Effective Date to but excluding the Termination Date, at the rate per annum in effect from time to time pursuant to SCHEDULE 1.1 Schedule I of the daily average of the unused amount of such Bank's Percentage of the Commitment Amount. For purposes of calculating usage under this Section, the Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Loans plus the undrawn amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last Business Day day of each calendar quarter and on the Termination Date for any period then ending for which such non-use fee shall not have 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 Waste Systems 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 Effective Date to the Termination Date, at the rate per annum in effect equal to 0.0375% of such Bank's Pro Rata Share (as adjusted from time to time pursuant to SCHEDULE 1.1 of the daily average time) of the unused amount of such Bank's Percentage 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 undrawn amount Stated Amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last Business Day day of each calendar quarter and on the Termination Date for any period then ending for which such non-use fee shall not have theretofore 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)

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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 Effective Date to the Termination Date, at the rate per annum in effect from time to time pursuant to SCHEDULE 1.1 of the daily average of the unused amount of such Bank's Percentage of the Commitment Amount. For purposes of calculating usage under this Section, the Commitment Amount shall be deemed used to the extent of the aggregate principal amount of all outstanding Revolving Loans plus the undrawn amount of all Letters of Credit. Such non-use fee shall be payable in arrears on the last 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 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 (U S Liquids 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 Effective Closing Date to the Termination Date, at the rate per annum Non-Use Fee Rate in effect from time to time pursuant of such Bank's Pro Rata Share (as adjusted from time to SCHEDULE 1.1 of the daily average time) 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 Loans plus the undrawn amount of all Letters of CreditRevolving Loans. Such non-use fee shall be payable in arrears on the last Business Day day of each calendar quarter and on the Termination Date for any period then ending for which such non-use fee shall not have theretofore previously been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of 360 365 days.

Appears in 1 contract

Samples: Credit Agreement (American Capital Strategies LTD)

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