Common use of Unused Facility Fee Clause in Contracts

Unused Facility Fee. Borrower agrees to pay Bank an unused facility fee in an amount equal to fifteen (15) basis points per annum times the Average Unused Portion of Maximum Revolving Credit Facility Amount. Such fee will be payable quarterly in arrears on the last day of each calendar quarter, pro-rated for the actual number of days in any partial quarter, commencing with the calendar quarter ending June 30, 2021.

Appears in 1 contract

Samples: Loan and Security Agreement (Intest Corp)

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Unused Facility Fee. Borrower agrees Borrowers agree to pay to Bank an ------------------- unused facility fee in an amount equal to fifteen (15) basis points 0.25% per annum times the Average Unused Portion of Maximum Revolving Credit Facility Amount. Such fee will be payable quarterly monthly in arrears on the last first day of each calendar quartermonth, pro-rated for the actual number of days in any partial quarter, commencing with the calendar quarter ending June 30, 2021month.

Appears in 1 contract

Samples: Loan and Security Agreement (Drugmax Com Inc)

Unused Facility Fee. Borrower agrees to pay to Bank an unused facility fee in an amount equal to fifteen one quarter percent (150.25%) basis points per annum times the Average Unused Portion of Maximum Revolving Credit Facility Amount. Such fee will be payable quarterly in arrears on the last day of each calendar quarter, pro-rated for the actual number of days in any partial quarter, commencing with the calendar quarter ending June 30, 20212020.

Appears in 1 contract

Samples: Loan and Security Agreement (Intest Corp)

Unused Facility Fee. Borrower agrees shall pay to pay Bank an unused facility fee annually, commencing May 31, 2001, in an amount amounts equal to fifteen (15) basis points .25% per annum times of the Average Unused Portion of Maximum Revolving Credit Facility Amount. Such fee will be payable quarterly in arrears on Principal Amount minus the last day of each calendar quarter, pro-rated for average outstanding principal balance during the actual number of days in any partial quarter, commencing with the calendar quarter ending June 30, 2021immediately preceding twelve month period.

Appears in 1 contract

Samples: Loan Agreement (SPSS Inc)

Unused Facility Fee. Borrower agrees to pay to Bank an unused facility fee in an amount equal to fifteen (15) basis points as set forth under the definition of Applicable Margin in Section 1.1 herein, per annum times the aggregate of the Average Unused Portion of Maximum Revolving Credit Facility Amount and the Average Unused Portion of Maximum Term Loan Amount. Such fee will be payable quarterly in arrears on the last day of each calendar quarter, pro-rated for the actual number of days in any partial quarter, commencing with the calendar quarter ending June 30December 31, 2021.

Appears in 1 contract

Samples: Loan and Security Agreement (Intest Corp)

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Unused Facility Fee. Borrower agrees shall pay to pay Bank an unused facility fee in an amount equal to fifteen (15) basis points per annum times .25% of the Average Unused Portion of Maximum Revolving Credit Facility Amount. Such fee will be difference between $3,500,000 minus the average daily outstanding principal balance hereunder, payable quarterly semi-annually in arrears on September 30 and March 31 during the last day of each calendar quarter, pro-rated for the actual number of days in any partial quarter, commencing with the calendar quarter ending June 30, 2021term hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Lante Corp)

Unused Facility Fee. Borrower agrees Borrowers agree to pay to Bank an unused facility fee in an amount equal to fifteen (15) basis points 0.15% per annum times the Average Unused Portion of Maximum Revolving Credit Facility Amount. Such fee will be payable quarterly in arrears on the last first day of each calendar quarter, pro-rated for the actual number of days in any partial quarter, commencing with on the calendar quarter ending June 30beginning July 1, 20212002.

Appears in 1 contract

Samples: Loan and Security Agreement (Berger Holdings LTD)

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