Common use of Nonuse Fee Clause in Contracts

Nonuse Fee. Borrower agrees to pay to Lender a fee equal to one-half of one percent (0.5%) per annum on the product of (x) the daily average amount by which $5,400,000 exceeds the outstanding principal balance of the Revolving Loans hereunder plus the outstanding principal amount of the "Revolving Loans" under the Other Loan Agreements times (y) .20. Such fee shall be payable in arrears on the last day of each Fiscal Quarter, and on the date the Credit terminates, in each case for the period then ended.

Nonuse Fee. Borrower agrees to pay to Lender a fee equal to one-half of one percent (0.50.50%) per annum on the product of (x) the daily average amount by which $5,400,000 the Revolving Credit Amount exceeds the outstanding principal balance of the Revolving Loans hereunder plus the outstanding principal amount Letter of the "Revolving Loans" under the Other Loan Agreements times (y) .20Credit Obligations. Such The fee provided for in this SECTION 2.4.2 shall be payable monthly in arrears on the last first day of each Fiscal Quartermonth, and on the date the Credit terminates, in each case terminates for the period then ended.

Nonuse Fee. Borrower agrees to pay to Lender a fee equal to one-half of one percent (0.5%) per annum on the product of (x) the daily average amount by which $5,400,000 exceeds the outstanding principal balance of the Revolving Loans hereunder plus the outstanding principal amount of the "Revolving Loans" under the Other Loan Agreements times (y) .20.40. Such fee shall be payable in arrears on the last day of each Fiscal Quarter, and on the date the Credit terminates, in each case for the period then ended.

Nonuse Fee. Borrower agrees to pay to Lender a fee equal to one-half quarter of one percent (0.5.25%) per annum on the product of (x) the daily average amount by which $5,400,000 the Revolving Credit Amount exceeds the sum of the outstanding principal balance of the Revolving Loans hereunder plus the outstanding principal amount Letter of the "Revolving Loans" under the Other Loan Agreements times (y) .20Credit Obligations. Such The fee provided for in this Section 2.4.2 shall be payable quarterly in arrears on the last day of each Fiscal QuarterMarch, June, September and December, commencing March 31, 2001, and on the date the Credit terminates, in each case for the period then ended.

Nonuse Fee. Borrower agrees to pay to Lender a fee equal to one-half of one percent (0.5%) per annum on the product of (x) the daily average amount by which $5,400,000 exceeds the sum of the outstanding principal balance of the Revolving Loans hereunder plus the outstanding principal amount of the "Revolving Loans" under the Other Loan Agreements times (y) .20.40. Such fee shall be payable in arrears on the last day of each Fiscal Quarter, and on the date the Credit terminates, in each case for the period then ended.