UNDISBURSED COMMITMENT FEE Clause Samples
UNDISBURSED COMMITMENT FEE. A fee on the average daily amount of the Unused Commitment, during the period for which payment is made, of three-eighths (3/8) of one percent (1%) per annum shall be payable by Borrowers quarterly in arrears on the last day of each March, June, September and December commencing December 31, 1997, and continuing until maturity.
UNDISBURSED COMMITMENT FEE. Borrower shall pay Bank a commitment fee on each Interest Payment Date on the undisbursed portion of the Revolving Credit Loan in an amount equal to .65 (.65%) percent per annum of the undisbursed portion of the Revolving Credit Loan ("Undisbursed Commitment Fee").