Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Revolving Borrowers shall pay to the Agent for distribution to the Revolving Credit Banks pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee quarterly in arrears commencing January 1, 1999 (in respect of the prior fiscal quarter or portion thereof), and on the first day of each fiscal quarter thereafter. The Revolving Credit Facility Fee shall be equal to the Revolving Credit Aggregate Commitment (whether used or unused) times the Applicable Fee Percentage computed on a daily basis. The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Upon receipt of such payment, Agent shall make prompt payment to each Revolving Credit Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility Fees described in this Section are not refundable under any circumstances.
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Samples: Revolving Credit and Term Loan Agreement (Autocam Corp/Mi)
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Revolving Borrowers Company shall pay to the Agent for distribution to the Revolving Credit on behalf of Banks pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee quarterly in arrears commencing January October 1, 1999 1998 (in respect of the prior fiscal quarter or portion thereof), and on the first day of each fiscal quarter thereafter. The Revolving Credit Facility Fee shall be equal to the sum of the Applicable Facility Fee Percentage times the Revolving Credit Aggregate Commitment (whether used or unused) times then in effect without giving effect to any reductions therein based on the Applicable Fee Percentage amount of the Environmental Reserve, computed on a daily basis. The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Upon receipt of such payment, Agent shall make prompt payment to each Revolving Credit Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility Fees described in this Section are not refundable under any circumstances.
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Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Revolving Borrowers shall pay to the Agent for distribution to the Revolving Credit Banks pro-pro rata in accordance with their respective Percentages, a Revolving Credit Facility Fee quarterly in arrears commencing January July 1, 1999 2007 (in respect of the prior fiscal quarter or portion thereof)period from the date hereof through June 30, 2007) and on the first calendar day of each fiscal quarter October, January, April and July thereafter. The Revolving Credit Facility Fee payable to each Bank shall be equal to the Revolving Credit Aggregate Commitment (whether used or unused) times determined by multiplying the Applicable Fee Percentage computed on a times the average daily basisamount of such Bank’s Percentage of the Revolving Commitment. The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Upon receipt of such payment, Agent shall make prompt payment to each Revolving Credit Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility Fees described in this Section are not refundable under any circumstances.
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Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Revolving Borrowers Company shall pay to the Agent for distribution to the Revolving Credit on behalf of Banks pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee quarterly in arrears commencing January October 1, 1999 (in respect of the prior fiscal quarter or portion thereof), and on the first day of each fiscal quarter thereafter. The Revolving Credit Facility Fee shall be equal to the sum of the one quarter of one percent (3%) per annum multiplied by Revolving Credit Aggregate Commitment (whether used or unused) times then in effect without giving effect to any reductions therein based on the Applicable Fee Percentage amount of the Environmental Reserve, computed on a daily basis. The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Upon receipt of such payment, Agent shall make prompt payment to each Revolving Credit Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility Fees described in this Section are not refundable under any circumstances.its
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Samples: Revolving Credit Agreement (Meadowbrook Insurance Group Inc)
Revolving Credit Facility Fee. From the Effective Date date hereof to the Revolving Credit Maturity Date, the Revolving Borrowers Company shall pay to the Agent Agent, for distribution to the Revolving Credit Banks pro-rata in accordance with their respective Percentages(as set forth below), a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Maximum Amount then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing January April 1, 1999 2006 (in respect of the prior fiscal calendar quarter or portion thereof), and on the first day of each fiscal calendar quarter thereafter. The Revolving Credit Facility Fee shall be equal to thereafter and on the Revolving Credit Aggregate Commitment (whether used or unused) times the Applicable Fee Percentage computed on a daily basis. The Revolving Credit Facility Fee Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Upon receipt of such payment, payment Agent shall make prompt payment to each Revolving Credit Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility Fees described in this Section are not refundable under any circumstances.
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