Unused Commitment Fee. The Borrower agrees to pay to each Revolving Credit Lender a commitment fee on the actual daily amount by which the Revolving Credit Commitment of such Lender exceeds its Pro Rata Share of the sum of (i) the aggregate outstanding principal amount of Revolving Loans and (ii) the outstanding amount of the L/C Obligations for all Letters of Credit (the “Unused Commitment Fee”) from the date hereof through the Revolving Credit Termination Date at a rate per annum equal to the Applicable Margin, payable in arrears (x) on the last day of each calendar quarter and (y) on the Revolving Credit Termination Date.
Appears in 9 contracts
Samples: Credit Agreement (Townsquare Media, LLC), Credit Agreement (Francesca's Holdings CORP), Credit Agreement (Francesca's Holdings CORP)
Unused Commitment Fee. The Borrower agrees to pay to each Revolving Credit Lender a commitment fee on the actual daily amount by which the Revolving Credit Commitment of such Lender exceeds its Pro Rata Share of the sum of (i) the aggregate outstanding principal amount of Revolving Loans and (ii) the outstanding amount of the L/C Obligations for all Letters of Credit (the “Unused Commitment Fee”) from the date hereof Closing Date through the Revolving Credit Termination Date at a rate per annum equal to the Applicable Margin, payable in arrears (x) on the last day of each calendar quarter and (y) on the Revolving Credit Termination Date.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay to each Revolving Credit Lender a commitment fee on the actual daily amount by which the Revolving Credit Commitment of such Lender exceeds its Pro Rata Share of the sum of (i) the aggregate outstanding principal amount of Revolving Loans and (ii) the outstanding amount of the L/C Obligations for all Letters of Credit (the “Unused Commitment Fee”) from the date hereof through the Revolving Credit Termination Date at a rate per annum equal to the Applicable Margin0.50%, payable in arrears (x) on the last day of each calendar quarter month and (y) on the Revolving Credit Termination Date.
Appears in 1 contract
Samples: First Lien Credit Agreement (Danka Business Systems PLC)
Unused Commitment Fee. The Borrower agrees to pay to each Revolving Credit Lender a commitment fee on the actual daily amount by which the Revolving Credit Commitment of such Lender exceeds its Pro Rata Share of the sum of (i) the aggregate outstanding principal amount of Revolving Loans and (ii) the outstanding amount of the L/C Obligations for all Letters of Credit (the “"Unused Commitment Fee”") from the date hereof through the Revolving Credit Termination Date at a rate of 0.50% per annum equal to the Applicable Marginannum, payable in arrears (x) on the last day of each calendar quarter and (y) on the Revolving Credit Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Goamerica Inc)
Unused Commitment Fee. The Borrower agrees to pay to each Revolving Credit Lender a commitment fee on the actual daily amount by which the Revolving Credit Commitment of such Lender exceeds its Pro Rata Share of the sum of (i) the aggregate outstanding principal amount of Revolving Loans and (ii) the outstanding amount of the L/C Obligations for all Letters of Credit (the “Unused Commitment Fee”) from the date hereof through the Revolving Credit Termination Date at a rate per annum equal to the Applicable Margin, payable in arrears (x) on the last day of each calendar quarter and (y) on the Revolving Credit Termination Date. CREDIT AGREEMENT MEDICAL STAFFING NETWORK, INC.
Appears in 1 contract
Samples: Credit Agreement (Medical Staffing Network Holdings Inc)
Unused Commitment Fee. The Borrower agrees to pay to each Revolving Credit Lender a commitment fee on the actual daily amount by which the Revolving Credit Commitment of such Lender exceeds its Pro Rata Share of the sum of (i) the aggregate outstanding principal amount of Revolving Loans and (ii) the outstanding amount of the L/C Obligations for all Letters of Credit (the “Unused Commitment Fee”) from the date hereof through the Revolving Credit Termination Date at a rate per annum equal to the Applicable MarginMargin (the “Unused Commitment Fee”), payable in arrears (x) on the last day of each calendar quarter and (y) on the last Revolving Credit Termination Date.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay to each Revolving Credit Lender a commitment fee on the actual average daily amount by which the Revolving Credit Commitment of such Lender exceeds its Pro Rata Share of the sum of (i) the aggregate outstanding principal amount of Revolving Loans and (ii) the outstanding amount of the L/C Obligations for all Letters of Credit (the “Unused Commitment Fee”) from the date hereof through the Revolving Credit Termination Date at a rate per annum equal to the Applicable Margin0.50%, payable in arrears (x) on the last day of each calendar quarter and (y) on the Revolving Credit Termination Date. For the purposes of this Section 2.11(a), the term “Revolving Loan” shall not be deemed to include any Swing Loan issued hereunder.
Appears in 1 contract
Samples: Credit Agreement (PGT, Inc.)
Unused Commitment Fee. The Borrower agrees Borrowers agree to pay to each Revolving Credit Lender a commitment fee on the actual daily amount by which the Revolving Credit Commitment of such Lender exceeds its Pro Rata Share of the sum of (i) the aggregate outstanding principal amount of Revolving Loans and (ii) the outstanding amount of the L/C Obligations for all Letters of Credit (the “Unused Commitment Fee”) from the date hereof through the Revolving Credit Termination Date at a rate per annum equal to the Applicable Margin0.75%, payable in arrears (x) on the 20th day of the last day month of each calendar quarter and (y) on the Revolving Credit Termination Date.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay to each Revolving Credit Lender a commitment fee on the actual daily amount by which the Revolving Credit Commitment of such Lender exceeds its Pro Rata Share of the sum of (i) the aggregate outstanding principal amount of Revolving Loans and (ii) the outstanding amount of the L/C Obligations for all Letters of Credit (the “Unused Commitment Fee”) from the date hereof through the Revolving Credit Termination Date at a rate per annum equal to the Applicable Margin0.75%, payable in arrears (x) on the 20th day of the last day month of each calendar quarter and (y) on the Revolving Credit Termination Date.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay to each Revolving Credit Loan Lender a commitment fee on the actual daily amount by which the Revolving Credit Loan Commitment of such Lender exceeds its Pro Rata Share of the sum of (i) the aggregate outstanding principal amount of Revolving Loans and (ii) the outstanding amount of the L/C Obligations for all Letters of Credit (the “Unused Commitment Fee”) from the date hereof through the Revolving Credit Loan Termination Date at a rate per annum equal to the Applicable MarginMargin with respect to the Unused Commitment Fee, payable in arrears (x) on the last day of each calendar quarter and (y) on the Revolving Credit Loan Termination Date.
Appears in 1 contract
Samples: Credit Agreement (DynaVox Inc.)