Revolving Credit Fees. At all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, the Borrower shall pay to the Administrative Agent, for the account of each Revolving Credit Lender in accordance with its Applicable Revolving Credit Percentage,
(i) prior to the Investment Grade Pricing Effective Date, an unused line fee (the “Unused Fee”) equal to the Applicable Fee Rate times the actual daily amount by which the Revolving Credit Facility exceeds the sum of (x) the Outstanding Amount of Revolving Credit Loans and (y) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.17, and
(ii) at all times on and after the Investment Grade Pricing Effective Date, a facility fee (the “Facility Fee”) equal to the “Facility Fee” component of the Applicable Rate times the actual daily amount of the Revolving Credit Facility (or, if the Revolving Credit Commitments have terminated, the Total Revolving Credit Outstandings). For the avoidance of doubt, the Outstanding Amount of Swing Line Loans shall not be counted towards or considered usage of the Revolving Credit Facility for purposes of determining the Unused Fee. Accrued Unused Fees pursuant to clause (i) above and Facility Fees pursuant to clause (ii) above shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period for the Revolving Credit Facility. The Unused Fee and the Facility Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Fee Rate or the “Facility Fee” component of the Applicable Rate, as applicable, during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Fee Rate or the “Facility Fee” component of the Applicable Rate, as the case may be, separately for each period during such quarter that such Applicable Fee Rate or “Facility Fee” component of the Applicable Rate was in effect.
Revolving Credit Fees. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee (the “Facility Fee”) equal to the amount in the “Facility Fee” column of the Applicable Rate times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.16. The Facility Fee shall accrue through and including the last day of March, June, September and December, and shall be due and payable quarterly in arrears on the fifteenth Business Day following the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Maturity Date (and, if applicable, thereafter on demand). The Facility Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.
Revolving Credit Fees. (a) The Borrower shall pay to the Revolving Lenders a commitment fee equal to 3/8 of 1% (.00375) of the average unused facility, payable quarterly in arrears. Such fee shall be paid to the Agent and based on the average unused portion of the revolving credit commitment during the applicable quarter. FNB-O shall distribute to each Revolving Lender its pro rata share of such fees based on the maximum Advance limits set forth above.
(b) The Borrower shall also pay a closing fee of $50,000.00, which is equal to 1/4 of 1% (.0025) of the Base Revolving Credit Facility, as set forth in Section 2.1 above, such fee to be payable at closing.
Revolving Credit Fees. The Borrower agrees to pay to the Administrative Agent for account of each Lender revolving credit fees which shall accrue at the Applicable Margin on the average daily unused amount of the Revolving Credit Commitment of such Lender during the period from and including the date hereof to but excluding the earlier to occur of (i) the date such Revolving Credit Commitment terminates, and (ii) the Revolving Credit Termination Date. Accrued revolving credit fees shall be payable in arrears on the third (3rd) Business Day following each Quarterly Date, and on the earlier to occur of (A) the date the Revolving Credit Commitments terminate, and (B) the Revolving Credit Commitment Termination Date, commencing on the first such date to occur after the date hereof. All revolving credit fees shall be computed on the basis of a year of three hundred sixty (360) days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of computing revolving credit fees, the Revolving Credit Commitment of a Lender shall be deemed to be used to the extent of the outstanding Revolving Credit Loans and LC Exposure of such Lender.
Revolving Credit Fees. The Borrowers shall pay to the Administrative Agent for the account of each Revolving Lender in accordance with its Applicable Percentage of the Aggregate Revolving Commitments, a facility fee (the “Facility Fee”) in Dollars equal to the Facility Fee Rate times the actual daily amount of the Aggregate Revolving Commitments (or, if the Aggregate Revolving Commitments have terminated, on the Outstanding Amount of all Committed Revolving Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The Facility Fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Revolving Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears (calculated on a 360-day basis) on the last Business Day of each calendar quarter, commencing with the first such date to occur after the Restatement Effective Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The Facility Fee shall be calculated quarterly in arrears, and if there is any change in the Facility Fee Rate during any quarter, the actual daily amount shall be computed and multiplied by the Facility Fee Rate separately for each period during such quarter that such Facility Fee Rate was in effect.
Revolving Credit Fees. (a) The Borrower shall pay to the Revolving Lenders a commitment fee equal to 1/4 of 1% (.0025) of the average unused facility, payable quarterly in arrears. Such fee shall accrue from the first day of each calendar quarter and shall be payable in arrears on the tenth (10th) day of the month following the end of each calendar quarter; provided, however, that the commitment fee for the calendar quarter ending December 31st, 2003 shall accrue from December 15, 2003. Such fee shall be paid to the Agent and based on the average unused portion of each Revolving Lender's Commitment during the applicable quarter. FNB-O shall distribute to each Revolving Lender its pro rata share of such fees based on the maximum Advance limits set forth above.
(b) The Borrower shall also pay a closing fee to each Revolving Lender as set forth in Appendix I attached hereto, such fees to be payable at closing.
(c) All fees hereunder shall accrue based on a year of 360 days, and for actual days elapsed.
Revolving Credit Fees. On the Closing Date, Borrowers shall pay a non-refundable fee (the "Revolving Credit Fee") to Lender in the amount of Twenty-Five Thousand Dollars ($25,000.00).
Revolving Credit Fees. The Borrower shall pay to the Revolving Lenders a commitment fee of one quarter of one percent (.25%) per annum of the unadvanced portion of the $43,895,500 credit line described above. Such fee shall be paid to FNB-O quarterly (calendar quarters) in arrears and based on the average unused portion of the revolving credit commitment during the preceding quarter. FNB-O shall distribute to each Revolving Lender its pro rata share of such fee based on the maximum advance limits set forth above. In addition, if the Borrower's most recent Quarterly Compliance Certificate shows that, as of the end of the prior quarter (the "Applicable Quarter"), Total Indebtedness was equal to or in excess of 300% of Net Worth, then each Revolving Lender may deduct from the amount of any subsequent Advance requested during the quarter following the Applicable Quarter a closing fee equal to one-half of one percent (.50%) of the amount of the Advance (if an Advance is requested and made during the first twenty (20) days of a quarter, and the Borrower has not yet made the foregoing calculation as to the Applicable Quarter, the Revolving Lenders reserve the right to invoice the Borrower for, or deduct from any subsequent Advance, any such fee which would have been deducted but for the fact that the Quarterly Compliance Certificate for the Applicable Quarter had not been completed). Furthermore, the Borrower will pay to FNB-O an agenting fee equal to $18,000 annually, payable quarterly in arrears.
Revolving Credit Fees. (a) The Borrower shall pay to the Revolving Lenders a commitment fee equal to 1/4 of 1% of the average unused facility, payable quarterly in arrears. Such fee shall be paid to the Agent and based on the average unused portion of the revolving credit commitment during the applicable quarter.
(b) The Borrower shall also pay a closing fee of $125,000 payable in four equal quarterly installments of $31,250. Such closing fee shall be earned at closing and shall be non-refundable. FNB-O shall distribute to each Revolving Lender its pro rata share of such fees based on the maximum advance limits set forth above.
Revolving Credit Fees. 11 2.3 Interest on Revolving Credit............................... 11 2.4 Conversion................................................. 12 2.5 Interest on Converted Notes................................ 12 2.6 Payments................................................... 14 2.
