Nonusage Fee. The Borrower shall pay the Bank a nonusage fee on the average daily unused portion of Facility A at a rate of 1/8% per annum, payable quarterly in arrears within 30 days of the end of the quarter for which the fee is owing.
Nonusage Fee. The Company agrees to pay to the Bank a nonusage fee on the daily average unused amount of the Revolving Credit Facility (calculated on a 360 day basis), at a rate equal to the Applicable Margin. Accrued nonusage fees shall be payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing on the first such Business Day occurring after the date of this Agreement, and on Maturity Date A.
Nonusage Fee. On the last Business Day of each December, March, June, and September, and on the Termination Date, Borrower shall pay to Bank in arrears a per annum commitment fee equal to (a) the Fee Margin, multiplied by (b) the difference between the Credit Limit and the average daily outstanding principal balance of the Revolving Note.
Nonusage Fee. The Borrower agrees to pay an unused commitment fee to the Agent, for the ratable benefit of the Lenders, in an amount equal to the unused portion of the Commitment Amount multiplied by twenty-five (25) basis points per annum (the “Unused Fee”). The Unused Fee shall be calculated for each day of a calendar quarter (or portion thereof) and shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Maturity Date.
Nonusage Fee. For the period commencing on June 1, 2001, and continuing thereafter, a nonusage fee (the "Nonusage Fee") computed at the rate per annum of fifteen-hundredths of one percent (.15%) per annum of the unused Commitment Amount, shall be payable quarterly in arrears commencing on July 1, 2001, and on each October 1, January 1, April 1 and July 1 thereafter. For each quarter (or portion thereof) the Nonusage Fee shall be equal to: (i) the Commitment Amount (as in effect at the beginning of such quarter) minus (ii) the "average quarterly outstandings" for the quarter (or portion thereof) with respect to which the Nonusage Fee is being computed, with the resulting number multiplied by (iii) one-quarter (1/4th) of the rate per annum of fifteen-hundredths of one percent (.15%). As used herein, "average quarterly outstandings" means the sum of the outstanding Loan balance at the end of each week (on each Friday) during the quarter (or portion thereof) for which the Nonusage Fee is being computed, divided by the number of weeks in that quarter (or portion thereof). If the Nonusage Fee is being computed for less than a full quarter, the percentage used in clause (iii) above shall be computed on a weekly basis for the number of weeks for which the fee is being computed. The Nonusage Fee shall be distributed to the Banks in accordance with their Pro Rata Shares.
Nonusage Fee. For each calendar quarter (or part thereof) prior to the Facility Termination Date, the Borrowers shall pay to the Lender, for the account of the Lender, a nonusage fee (the “Nonusage Fee”) equal to the sum of all the products obtained by multiplying, for each day during such calendar quarter (or part thereof), the Applicable Nonusage Rate times the Unused Portion of the Line on such date. Such Nonusage Fee shall be payable in arrears on the first (1st) Business Day of each calendar quarter occurring after the Effective Date and on the Facility Termination Date. The Lender’s determination of the Nonusage Fee is conclusive and binding, absent manifest error.
Nonusage Fee. On each Remittance Date, the Borrowers shall pay to the Agent for the account of the Tranche A Lenders a non-usage fee of 0.50 percent per annum on the average daily difference in a given month between the Tranche A Total Commitment (inclusive of the Swing Line Commitment) in effect as of the prior Remittance Date (less the average daily LC Exposure for such month) and the outstanding principal of Tranche A Revolving Loans (the “Nonusage Fee”), payable monthly in arrears on each Remittance Date.
Nonusage Fee. As consideration for each Lender’s Revolving Loan Commitment, the Borrower agrees to pay to the Agent, for the account of each Lender in accordance with its Percentage, on the last day of each calendar quarter, commencing June 30, 2008, and on the Maturity Date, a nonusage fee equal to 0.25% per year on the amount, if any, by which the daily average outstanding Revolving Loans were less than $70,000,000 during the preceding calendar quarter or other applicable period. Nonusage fees shall be calculated for the actual number of days elapsed on the basis of a 360-day year.
Nonusage Fee. The Borrower shall pay the Bank a nonusage fee on ------------ the average daily unused portion of the Revolving Credit Facility at a rate of 12.5 basis points per annum, payable quarterly in arrears at the end of the quarter for which the fee is owing.
Nonusage Fee. In addition to interest on the Note as provided in this Agreement, in order to compensate Lender for maintaining funds available for Advances, Borrower shall pay to Lender in immediately available funds a quarterly Nonusage Fee determined by applying the Applicable Nonusage Fee Rate to the average daily Available Commitment Amount in existence during each calendar quarter during the Revolving Commitment Period. The quarterly Nonusage Fee shall be payable by Borrower in arrears quarterly on the last Business Day of March, June, September and December hereafter during the Revolving Commitment Period, (each, a "Nonusage Fee Payment Date") commencing September 30, 2000, with the last payment to be made at the termination of the Revolving Commitment Period. The fee shall be calculated on the basis of a quarter consisting of 90 days, but counting the actual days elapsed (including the first day but excluding the last day) during the period for which payable.
