Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees. This fee is due on the first day of each calendar quarter until the expiration of the availability period.
Appears in 2 contracts
Samples: Loan Agreement (Graham Corp), Loan Agreement (Graham Corp)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof0.125% per year. The calculation of credit outstanding shall not include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteesand acceptances. This fee is due on July 1, 2005, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (K Swiss Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation one-eighth of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteesone (0.125%) percent per year. This fee is due on the first final day of each calendar quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Key Technology Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.25% per year. This fee is due on July 1, 2021, and on the first same day of each calendar quarter following month until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Graham Corp)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.25% per year. This fee is due on December 31, 2021, and on the first last day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Zynex Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 No.1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees37.5% per year. This fee is due on October 1, 2009, and on the first same day of each calendar following quarter in arrears until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Connecticut Water Service Inc / Ct)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof0.35% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteescredit. This fee is due on the first day of each calendar quarter until the expiration of the availability periodshall be paid quarterly in arrears.
Appears in 1 contract
Samples: Business Loan Agreement (TRM Corp)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.20% per year. This fee is due on April 1, 2008, and on the first day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.15% per year. This fee is due on December 30, 2016 and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Daktronics Inc /Sd/)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 2 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.25% per year. This fee is due on the first day of each calendar quarter shall be paid in arrears commencing January 1, 2006 and continuing quarterly thereafter until the expiration of the availability period.
Appears in 1 contract
Samples: Business Loan Agreement (Excelligence Learning Corp)
Unused Commitment Fee. The Borrower agrees to pay a quarterly fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually usesuses under Facility No. 1, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according equal to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteessuch difference multiplied by 0.20%. This fee is due on October 1, 2013, and on the first day of each following calendar quarter until quarter, with respect to the expiration of immediately preceding calendar quarter, and on the availability periodFacility No. 1 Expiration Date with respect to the period ending on that date.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.15% per year. This fee is due on March 31, 2005, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Decorize Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.25% per year. This fee is due on May 31, 2020, and on the first last day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.25% per year. This fee is due on June 30, 2014, and on the first last day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.2% per year and paid quarterly, in arrears. This fee is due on September 30, 2007, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Sequa Corp /De/)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.375% per year. This fee is due on May 31, 2009, and on the first last day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees Borrowers agree to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it they actually usesuse, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof0.25% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteescredit. This fee is due on April 1, 2004, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the availability of the Facility No. 1 Commitment (as determined in accordance with Section 1.2 hereof) and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof0.50% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees. This fee is due and payable on April 1, 2009 and on the first day of each calendar quarter July, October, January and April thereafter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation one-half of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteesone percent (0.50%) per year. This fee is due on May 31, 2014, and on the first last day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation one-quarter of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteesone (0.25%) percent per year. This fee is due on the first final day of each calendar quarter until the expiration of the availability period.β
2.6 The following Subparagraph 3.1(h) is hereby added to the Loan Agreement:
Appears in 1 contract
Samples: Loan Agreement (Key Technology Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified periodeach fiscal quarter. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding 0.25% per year, and shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees. This fee is due be payable quarterly in arrears on or around the first day of each calendar quarter until the expiration of the availability periodfiscal quarter.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.20% per year. This fee is due on September 30, 2011, and on the first last day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the availability of the Facility No. 1 Commitment (as determined in accordance with Section 1.2 hereof) and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof0.50% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees. This fee is due on July 1, 2006 and on the first day of each calendar quarter October, January, April and July thereafter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.2% per year. This fee is due on April 1, 2022, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at 0.25% per year. For purposes of this paragraph, the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the issued and undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteescredit. This fee is due in arrears on March 31, 2003, on the first last day of each subsequent calendar quarter until through December 31, 2005, and on the expiration of the availability periodFacility No. 1 Expiration Date.
Appears in 1 contract
Samples: Business Loan Agreement (Charlotte Russe Holding Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. , 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.5% per year. This fee is due on December 16, 2010, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Vertex Energy Inc.)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.10% per year. This fee is due on October 1, 2022, and on the first day of each calendar following fiscal quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Credit Agreement (Tejon Ranch Co)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section Margin (as defined in paragraph number 1.6 hereofabove). The calculation of credit outstanding shall not include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteescredit. This fee is due on December 31, 2004, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Annas Linen Co)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.25% per year. This fee is due on December 31, 2004, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof0.125% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteescredit. This fee is due on June 30, 2008, payable on the first 10th day of the following month, and on the same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Cohu Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.175% per year. This fee is due on September 30, 2013, and on the first last day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.375% per year. This fee is due on October 21, 2004, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Thomas Group Inc)
Unused Commitment Fee. The Borrower agrees Borrowers agree to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it they actually usesuse, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.375% per year. This fee is due on March 31, 2006, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to Borrowers shall pay a quarterly fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually usesuses under Facility No. 1, determined by the average of the actual daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according equal to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteessuch difference multiplied by a percentage equal to 0.15%. This fee is due on the first day of each calendar quarter until quarter, with respect to the expiration of immediately preceding calendar quarter, and on the availability periodFacility No. 1 Expiration Date with respect to the period ending on that date.β
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof0.25% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteescredit. This fee is due on December 31, 2007, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Newport Corp)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof0.125% per year. The calculation of credit outstanding shall not include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteescredit. This fee is due on June 30, 2004, payable on the first 10th day of the following month, and on the same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Cohu Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof0.50% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteescredit. This fee is due in arrears on September 1, 2009, and on the first same day of each calendar following quarter in arrears until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Point.360)
Unused Commitment Fee. The Borrower agrees Borrowers agree to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it they actually usesuse, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees.175% per year. This fee is due on April 1, 2009, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Iaso Pharma Inc)
Unused Commitment Fee. The Borrower agrees Borrowers agree to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it they actually usesuse, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated in arrears at the Applicable Rate according to Section 1.6 hereof0.15% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteescredit. This fee is due on June 30, 2009, and on the first last day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the rate per year equal to the Applicable Rate according to Section 1.6 hereofMargin, as defined above. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteescredit. This fee is due on November 1, 2003, and on the first same day of each following calendar quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Jamba, Inc.)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof0.25% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteescredit. This fee is due in arrears on September 1, 2007, and on the first same day of each calendar following quarter in arrears until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Point 360)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.5% per year. This fee is due on March 31, 2010, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof0.25% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteescredit. This fee is due in arrears on April 1, 2006, and on the first same day of each calendar following quarter in arrears until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Point 360)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees0.125% per year. This fee is due on September 26, 2006, and on the first same day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Citi Trends Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated in arrears at the Applicable Rate according to Section 1.6 hereof0.15% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guaranteescredit. This fee is due on June 30, 2009, and on the first last day of each calendar following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank GuaranteesRate. This fee is due on the first last day of each calendar quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Facility No. 1 No.1 Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at the Applicable Rate according to Section 1.6 hereof. The calculation of credit outstanding shall include the undrawn amount of letters of credit as well as the undrawn amount of Bank Guarantees.375% per year. This fee is due on October 1, 2009, and on the first same day of each calendar following quarter in arrears until the expiration of the availability period.
Appears in 1 contract
Samples: Loan Agreement (Connecticut Water Service Inc / Ct)