Common use of Revolving Loan Commitment Fees Clause in Contracts

Revolving Loan Commitment Fees. Borrower shall pay to Administrative Agent, for the benefit of the Banks as provided in clause (iii) of Subparagraph 2.08(a), nonrefundable commitment fees (the "Revolving Loan Commitment Fees") of seventeen and one-half basis points (0.175%) per annum on the daily average Total Unused Revolving Loan Commitment for the period beginning on the Effective Date and ending on the Revolving Loan Maturity Date. Borrower shall pay the Revolving Loan Commitment Fees in arrears on the last Business Day in each February, May, August and November (commencing November 30, 1998) and on the Revolving Loan Maturity Date (or if the Total Revolving Loan Commitment is cancelled on a date prior to the Revolving Loan Maturity Date, on such prior date.

Appears in 1 contract

Samples: Credit Agreement (Bell Microproducts Inc)

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Revolving Loan Commitment Fees. Borrower shall pay to Administrative Agent, for the benefit of the Banks as provided in clause (iii) of Subparagraph 2.08(a), nonrefundable commitment fees (the "Revolving Loan Commitment Fees") of seventeen and one-half basis points (0.175%) per annum on the daily average Total Unused Revolving Loan Commitment for the period beginning on the Effective Date and ending on the Revolving Loan Maturity Date. Borrower shall pay the Revolving Loan Commitment Fees in arrears on the last Business Day in each February, May, August and November (commencing November 30, 1998) and on the Revolving Loan Maturity Date (or if the Total Revolving Loan Commitment is cancelled on a date prior to the Revolving Loan Maturity Date, on such prior date).

Appears in 1 contract

Samples: Credit Agreement (Bell Microproducts Inc)

Revolving Loan Commitment Fees. Borrower shall pay to Administrative Agent, for the benefit of the Banks as provided in clause (iii) of Subparagraph 2.08(a2.09(a), nonrefundable commitment fees (the "Revolving Loan Commitment Fees") of seventeen and one-half basis points (0.175%) per annum on the daily average Total Unused Revolving Loan Commitment for the period beginning on the Effective Date and ending on the Revolving Loan Maturity Date. Borrower shall pay the Revolving Loan Commitment Fees in arrears on the last Business Day in each February, May, August and November (commencing November 30, 1998) and on the Revolving Loan Maturity Date (or if the Total Revolving Loan Commitment is cancelled on a date prior to the Revolving Loan Maturity Date, on such prior date).

Appears in 1 contract

Samples: Credit Agreement (Bell Microproducts Inc)

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Revolving Loan Commitment Fees. Borrower shall pay to Administrative Agent, for the benefit of the Banks Lenders as provided in clause (iii) of Subparagraph 2.08(a2.09(a), nonrefundable commitment fees (the "Revolving Loan Commitment Fees") of seventeen and one-half basis points (0.175%) per annum on the daily average Total Unused Revolving Loan Commitment for the period beginning on the Effective Date and ending on the Revolving Loan Maturity Date. Borrower shall pay the Revolving Loan Commitment Fees in arrears on the last Business Day in each February, May, August and November (commencing November 30, 19982000) and on the Revolving Loan Maturity Date (or if the Total Revolving Loan Commitment is cancelled on a date prior to the Revolving Loan Maturity Date, on such prior date).

Appears in 1 contract

Samples: Credit Agreement (Bell Microproducts Inc)

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