Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan balance maintained during the specified period. The fee will be calculated at 0.125% per year. This fee is due quarterly in arrears until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bank.
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Samples: Unsecured Line of Credit Loan Agreement (Bre Properties Inc /Md/), Unsecured Line of Credit Loan Agreement (Bre Properties Inc /Md/)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan loan balance maintained during the specified period. The fee will be calculated at 0.1251/8% per year. This fee is due July 1, 1996 and quarterly in arrears thereafter until the expiration of the Availability Period and on the Maturity DateJanuary 1, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bank2002.
Appears in 1 contract
Samples: Business Loan Agreement (Sunrise Preschools Inc/De/)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment Credit Limit and the amount of credit it actually uses, determined by the weighted average Loan loan balance maintained during the specified period. The fee will be calculated at 0.125.125% per year. This fee is due on June 30, 1997, and quarterly in arrears thereafter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.
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Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125% per year. The calculation of credit outstanding will include the undrawn amount of letters of credit. This fee is due quarterly in arrears on March 31, 2000 and on the last day of each quarter thereafter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125% per year. This fee is due quarterly in arrears on the last day of each of the Borrower's fiscal quarters until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.
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Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125.125% per year. This fee is due on June 30, 1998, and quarterly in arrears thereafter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.
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Unused Commitment Fee. The Borrower agrees to pay to the Bank a fee on any difference between the Commitment Amount and the amount of credit it actually uses, determined by the weighted average Loan balance maintained during the specified period. The fee will be calculated at 0.1250.25% per year. This fee is due quarterly in arrears until and on the date of the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the BankPeriod.
Appears in 1 contract
Samples: Secured Line of Credit Loan Agreement (Franklin Select Realty Trust)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan loan balance maintained during the specified period. The fee will be calculated at 0.1250.15% per year. This fee is due year and paid quarterly in arrears until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due on March 31, 2000, and quarterly in arrears thereafter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.
Appears in 1 contract
Samples: Business Loan Agreement (Next Level Communications Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually usesuses (including, for this purpose, outstanding standby letters of credit), determined by the weighted average Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125% per year. This fee is due and charged quarterly in arrears until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankarrears.
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 Commitment and the amount of credit it actually uses, determined by the weighted Weighted average Loan loan balance maintained during the specified period. The fee will be calculated at 0.125.125% per year. This fee is due quarterly in arrears until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.
Appears in 1 contract
Samples: Business Loan Agreement (Powerwave Technologies Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.1250.25% per year, payable quarterly in arrears. This fee is due quarterly in arrears until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) 15 days following the rendering of an invoice therefor by from the Bank's billing date.
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Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan loan balance maintained during the specified period. The fee will be calculated at 0.125% per year. This fee is due quarterly in arrears until the expiration of the Availability Period on September 30, 1996 and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering last day of an invoice therefor by the Bankeach quarter thereafter.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan loan balance maintained during the specified period. The fee will be calculated at 0.1251/8% per year. This fee is due quarterly in arrears on February 28, 1999 and on the last day of each May, August, November, and February until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.
Appears in 1 contract
Samples: Business Loan Agreement (Futech Interactive Products Inc)
Unused Commitment Fee. The Subject to the provisions of Section 2 hereof, the Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan loan balance maintained during the specified period. The fee will be calculated at 0.1251/8% per year. This fee is due on August 1, 1996 and on each quarterly in arrears date thereafter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan loan balance maintained during the specified period. The fee will be calculated at 0.125% per year. This fee is due on March 31, 1997, and quarterly in arrears thereafter until the expiration of the Availability Period and on the Maturity Expiration Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bank.
Appears in 1 contract
Samples: Business Loan Agreement (Pia Merchandising Services Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125% per year. The calculation of credit outstanding will include the undrawn amount of letters of credit. This fee is due quarterly in arrears until the expiration of the Availability Period on March 31, 2001 and on the Maturity last day of each quarter thereafter until the Expiration Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bank.
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Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average Loan loan balance maintained during the specified period. The fee will be calculated at 0.1250.07% per year. This fee is due quarterly in arrears on July 1, 1996, and on the first day of each following quarter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.
Appears in 1 contract
Samples: Business Loan Agreement (Grease Monkey Holding Corp)