Uncommitted Availability Fee Sample Clauses

Uncommitted Availability Fee. The Borrowers shall pay to the Agent for the benefit of the Voting Banks, on a quarterly basis in arrears, an uncommitted availability fee in the amount of forty (40) basis points per annum multiplied by the average, aggregate outstanding amount of all Amortizing Notes held by the Voting Banks outstanding in any time during the preceding calendar quarter (an “Uncommitted Availability Fee”). Such fee shall be paid in arrears for each calendar quarter beginning on January 1, April 1, July 1 and October 1 of each year, not later than thirty (30) days after the last day of each such calendar quarter; provided, however, that if a Voting Bank notifies the Borrowers that it will no longer extend new credit to the Borrowers under any of the before described Amortizing Notes, then an Uncommitted Availability Fee will no longer be payable to such Voting Bank for any period unless and until during a complete calendar quarter such Voting Bank has again extended new credit on all the Amortizing Notes presented by Borrowers to such Voting Bank at which time such Uncommitted Availability Fee will against be payable, pursuant to the terms hereof, for and after the calendar quarter during which such new credit was extended. Non-Voting Banks shall not deliver Credit Facility Letters and shall not receive an Uncommitted Availability Fee. Section 2.7. Section 2.7 shall be renumbered Section 2.8. Section 3.1 (i). This Section shall be amended to delete the term “Banks” in the first paragraph thereof and the word “Bank” in the last full line thereof and to replace them with the term “Required Banks”.