Non-Utilization Fee. The Borrower shall pay to the Lender on the first Funding Date of each month a fee (the "Non-Utilization Fee") equal to 0.50% per annum on the average amount, calculated on a daily basis, by which the Revolving Commitment exceeded the outstanding amount of the Revolving Loan during the prior Month.
Appears in 2 contracts
Samples: Loan and Security Agreement (Nu Tech Bio Med Inc), Loan and Security Agreement (Physicians Clinical Laboratory Inc)
Non-Utilization Fee. The Borrower Borrowers shall pay to the Lender on the first Funding Date of each month Month and the Maturity Date a fee (the "βNon-Utilization Fee"β) equal to 0.500.35% per annum on the average amount, calculated on a daily basis, by which the Revolving Commitment exceeded the outstanding amount of the Revolving Loan exceeded, during the prior Month, the Revolving Loan.
Appears in 2 contracts
Samples: Loan and Security Agreement (BioScrip, Inc.), Loan and Security Agreement (BioScrip, Inc.)
Non-Utilization Fee. The Borrower Borrowers shall pay to the Lender on the first Funding Date of each month a fee (the "Non-Utilization Fee") equal to 0.50an annual rate of 0.375% per annum on the average amount, calculated on a daily basis, by which the Revolving Commitment exceeded exceeds the outstanding amount of the Revolving Loan during the prior Monthmonth.
Appears in 1 contract
Samples: Loan and Security Agreement (Perennial Health Systems Inc)
Non-Utilization Fee. The Borrower shall pay to the Lender on the first Funding Date of each month a fee (the "'Non-Utilization Fee"') equal to 0.50% per annum on the average amount, calculated on a daily basis, by which the Revolving Commitment exceeded the outstanding amount sum, during the prior Month, of the Revolving Loan during and the prior Monthaggregate outstanding principal amount of the Term Loans."
Appears in 1 contract
Samples: Extension Amendment (Mim Corp)
Non-Utilization Fee. The Borrower shall pay to the Lender on the first Funding Date of each month a fee (the "NonNON-Utilization FeeUTILIZATION FEE") equal to 0.50% per annum on the average amount, calculated on a daily basis, by which the Revolving Commitment exceeded the outstanding amount of the Revolving Loan during the prior Month.
Appears in 1 contract
Non-Utilization Fee. The Borrower shall pay to the Lender on the first Funding Date of each month a fee (the "Non-Utilization Fee") equal to 0.500.375% per annum on the average amount, calculated on a daily basis, by which the Revolving Commitment exceeded the outstanding amount of the Revolving Loan during the prior Month.
Appears in 1 contract
Samples: Loan and Security Agreement (Community Care of America Inc)
Non-Utilization Fee. The Borrower shall pay to the Lender on the first Funding Date of each month a fee (the "Non-Utilization Fee") equal to 0.500.375% per annum on the average amount, calculated on a daily basis, by which the Revolving Commitment exceeded the outstanding amount of the Revolving Loan during the prior Month.
Appears in 1 contract
