Unused Availability Fee. At the end of each fiscal quarter of the Borrowers, and on the Termination Date, the Borrowers shall pay to the Agent, in arrears, for the ratable benefit of the Lenders, a facility fee equal to twelve and one-half (12.5) basis points (.125%) of the first $10,000,000 of the daily unused portion of the Credit Facility for the previous quarter, and twenty-five (25) basis points (.25%) of the remaining average daily unused portion of the Credit Facility for the previous quarter. For purposes of the calculation of this fee, outstanding L/C obligations will be treated as outstanding Loans.
Unused Availability Fee. The Borrower will pay to the Lender an unused availability fee equal to 1.75% per annum on the daily unused portion of the Commitment, which fee shall be payable quarterly in arrears.
Unused Availability Fee. Borrower shall pay to Lender an unused availability fee, which shall be payable in arrears on the last day of each calendar month hereafter. The unused availability fee shall equal one-quarter of one percent (1/4%) per annum on the average daily amount during each month by which the Total Credit Facility exceeds the aggregate amount of the Loans outstanding as of the close of business on such day. Such fee shall be pro-rated for any month during which this Agreement is in effect for less than a full month.
Unused Availability Fee. For the period from the Closing Date to the Termination Date, Borrower and Co-Borrower jointly and severally agree to pay to Lender a fee (the “Unused Availability Fee”) equal to 0.5% multiplied by the amount by which the Revolving Loan Commitment exceeds the average daily Revolving Loans outstanding plus the aggregate Stated Amount of all outstanding Letters of Credit. The Unused Availability Fee shall be payable in arrears on the first day of each calendar quarter and on the Termination Date for any period then ending for which the Unused Availability Fee shall not have previously been paid. The Unused Availability Fee shall be computed by Lender for the actual number of days elapsed on the basis of a year of 360 days.
Unused Availability Fee. Borrower shall pay a fee equal to 0.20%, due quarterly in arrears, based on the average unused availability of the Loan for the preceding quarter. The fee will accrue on an actual/360 day basis (calculated on the actual number of days elapsed over a year of 360 days).
Unused Availability Fee. In addition to interest and all other amounts due and payable pursuant to the terms of this Agreement and the Note, Borrower agrees to pay to Lender an unused facility fee on the unused portion of the Commitment Limit (the "unused portion" being the amount by which the maximum dollar amount of the Note (initially, $20,000,000) exceeds the outstanding principal balance of the Note) from the Effective Date through the Maturity Date, at the rate of 0.25% per annum, accrued daily and payable for each three (3) calendar month period (each calendar quarter), in arrears, fifteen (15) days after the last day of each calendar quarter, with the exception that the first payment relating to the period ending on February 29, 2012 shall be due on upon execution of Amendment # 1 to the Loan Agreement. The amount of the unused facility fee shall be calculated each day during the period for which the fee is due using an assumed 360 day year.
Unused Availability Fee. In addition to interest and all other amounts due and payable pursuant to the terms of this Agreement and the Note, Borrower agrees to pay to Lender an unused facility fee on the unused portion of the Commitment Limit (the "unused portion" being the amount by which the Commitment Limit exceeds the outstanding principal balance of the Note) from the Effective Date through the Maturity Date, at the rate of (a) 0.25% per annum for any amount of such excess up to and including 70% of the then effective Commitment Limit or (b) 0.375% per annum for such amounts in excess of 70% of the then effective Commitment Limit, in each case accrued daily and payable for each three (3) calendar month period (each calendar quarter), in arrears fifteen (15) days after the last day of each calendar quarter. The amount of the unused facility fee shall be calculated each day during the period for which the fee is due using an assumed 360 day year.
Unused Availability Fee. Borrowers shall pay to Agent, for the ratable benefit of Lenders, an Unused Availability Fee ("Unused Availability Fee"), which shall be payable in arrears on the first Business Day of each calendar month hereafter. The Unused Availability Fee shall equal one-quarter of one percent (.25%) per annum of the amount by which the Revolving Credit Limit exceeds the average daily amount of the Revolving Credit Loans outstanding plus the LC Amount during the immediately preceding month.
Unused Availability Fee. If, for any calendar quarter during the Term, the average daily unpaid balance of the Advances and undrawn amount of any outstanding Letters of Credit for each day of such calendar quarter does not equal the Maximum Revolving Advances Amount, then Borrower shall pay to Agent for the ratable benefit of Lenders a fee at a rate equal to one-half of one percent (0.50%) per annum on the amount by which the Maximum Revolving Advances Amount exceeds such average daily unpaid balance. Such fee shall be payable to Agent in arrears on the twentieth (20th) day of each calendar quarter with respect to the previous calendar quarter. Borrower shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to ($850.00) per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.
Unused Availability Fee. The Borrowers jointly and severally agree to pay to the Bank an unused availability fee calculated at the rate of 1/2% per annum on the average daily amount during each calendar month or portion thereof from the Closing Date to the Line Termination Date by which the Line Cap exceeds the outstanding amount of Loans during such calendar month. The unused availability fee shall be payable monthly in arrears on the first day of each calendar month for the immediately preceding calendar month commencing on February 1, 1996, with a final payment on the Line Termination Date or any earlier date on which the Loans shall become due and payable in full.
