Common use of Unused Credit Fee Clause in Contracts

Unused Credit Fee. Borrower will pay on April 1, 1998, and on the same day of each month thereafter for the period from and including the date the Revolving Loan was established to and including the maturity date of the Revolving Loan, an unused credit fee at a rate per annum equal to (i) .20%, (if the Funded Debt/EBITDA ratio is less than 1.0 to 1.0), (ii) .25% (if such ratio is equal to or less than 1.50 to 1.0), or (iii) .30% (if such ratio is greater than 1.5 to 1.0), times the average daily unused portion of the Revolving Loan during the preceding month. Borrower may at any time upon written notice to Bank permanently reduce the amount of the Revolving Loan at which time the obligation of Borrower to pay such unused credit fee shall thereupon correspondingly be reduced.

Unused Credit Fee. Borrower will pay hereafter on April August 1, 19981997, and on the same day of each month thereafter for the period from and including the date the Revolving Loan was established to and including the maturity date of the Revolving Loan, an unused credit fee at a rate per annum equal to (i) .20%, (if the Funded Debt/EBITDA ratio is less than 1.0 to 1.0), (ii) .25% (if such ratio is equal to or less than 1.50 to 1.0), or (iii) .30% (if such ratio is greater than 1.5 to 1.0), times the average daily unused portion of the Revolving Loan during the preceding month. The Borrower may at any time upon written notice to the Bank permanently reduce the amount of the Revolving Loan at which time the obligation of the Borrower to pay such unused credit fee shall thereupon correspondingly be reduced.

Unused Credit Fee. Borrower will pay hereafter on April 1, 1998, and on the same day of each month thereafter for the period from and including the date the Revolving Loan was established to and including the maturity date of the Revolving Loan, an unused credit fee at a rate per annum equal to (i) .20%, (if the Funded Debt/EBITDA ratio is less than 1.0 to 1.0), (ii) .25% (if such ratio is equal to or less than 1.50 to 1.0), or (iii) .30% (if such ratio is greater than 1.5 to 1.0), times the average daily unused portion of the Revolving Loan during the preceding month. Borrower may at any time upon written notice to Bank permanently reduce the amount of the Revolving Loan at which time the obligation of Borrower to pay such unused credit fee shall thereupon correspondingly be reduced.