Common use of UK Unused Line Fee Clause in Contracts

UK Unused Line Fee. UK Borrower shall pay to Agent, for the Pro Rata benefit of UK Lenders, a fee equal to the Unused Line Fee Rate times the amount by which the UK Revolver Commitments exceed the average daily UK Revolver Usage during any month. Such fee shall be payable in arrears, on the first day of each month and on the UK Commitment Termination Date.

UK Unused Line Fee. UK Borrower Borrowers shall pay to Agent, for the Pro Rata benefit of UK Lenders, a fee equal to the Unused Line Fee Rate 0.375% per annum times the average daily amount by which the UK Revolver Commitments exceed the average daily UK Revolver Usage Exposure during any month; provided, that such fee shall reduce to 0.25% per annum for any month during which the average daily amount of the UK Revolver Exposure exceeded 50% of the UK Revolver Commitments. Such fee shall be payable in arrears, on the first day of each month and on the UK Revolver Commitment Termination Date.

UK Unused Line Fee. UK Borrower Borrowers shall pay to Agent, for the Pro Rata benefit of UK Lenders, a fee equal to the Unused Line Fee Rate .50% per annum times the amount by which the UK Revolver Commitments exceed the Dollar Equivalent average daily balance of UK Revolver Usage Loans and stated amount of UK Letters of Credit during any monthFiscal Quarter. Such fee shall be calculated payable in arrears, on the first day of each month Fiscal Quarter and on the UK Commitment Termination Date.