Common use of Unused Fee Clause in Contracts

Unused Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the "Unused Fee") equal to an aggregate amount computed on a daily basis for such calendar year by multiplying the Unused Fee Percentage applicable to such calendar quarter, calculated as a per diem rate, times the excess of the Aggregate Commitment over the outstanding principal balance of the Loans on each day of such calendar quarter. The Unused Fee shall be payable quarterly in arrears on the first Business Day after the last day of each calendar quarter.

Appears in 3 contracts

Samples: Credit Agreement (Inland Real Estate Corp), Credit Agreement (Inland Real Estate Corp), Assignment Agreement (Inland Real Estate Corp)

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Unused Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the "Unused Fee") equal to an aggregate amount computed on a daily basis for such calendar year by multiplying (i) the Unused Fee Percentage applicable to such calendar quarter, calculated expressed as a per diem rate, times (ii) the excess of the Aggregate Commitment over the outstanding principal balance of the Loans Allocated Facility Amount on each day of such calendar quarterday. The Unused Fee shall be payable quarterly in arrears on the first Business Day after the last day of each calendar quarter (for the prior calendar quarter) and upon any termination of the Aggregate Commitment in its entirety.

Appears in 3 contracts

Samples: Credit Agreement (Glimcher Realty Trust), Credit Agreement (Glimcher Realty Trust), Credit Agreement (Glimcher Realty Trust)

Unused Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the "Unused Fee") equal to an aggregate amount computed on a daily basis for such calendar year by multiplying (i) the Unused Fee Percentage applicable to such calendar quarterday, calculated expressed as a per diem rate, times (ii) the excess of the Aggregate Commitment over the outstanding principal balance of the Loans Outstanding Facility Amount on each day of such calendar quarterday. The Unused Fee shall be payable quarterly in arrears on the first Business Day after the last day of each calendar quarter (for the prior calendar quarter) and upon any termination of the Aggregate Commitment in its entirety.

Appears in 3 contracts

Samples: Credit Agreement (Inland Western Retail Real Estate Trust Inc), Credit Agreement (Inland Western Retail Real Estate Trust Inc), Credit Agreement (Inland Western Retail Real Estate Trust Inc)

Unused Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the "Unused Fee") equal to an aggregate amount computed on a daily basis for such calendar year by multiplying the Unused Fee Percentage applicable to such calendar quarter, calculated as a per diem rate, times the excess of the Aggregate Commitment over the outstanding principal balance of the Loans Outstanding Facility Amount on each day of such calendar quarter. The Unused Fee shall be payable quarterly in arrears on the first Business Day after the last day of each calendar quarter.

Appears in 2 contracts

Samples: Credit Agreement (Inland Real Estate Corp), Credit Agreement (Inland Real Estate Corp)

Unused Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the "Unused Fee") equal to an aggregate amount computed on a daily basis for such calendar year by multiplying the Unused Fee Percentage applicable to such calendar quarterPercentage, calculated as a per diem rate, times the excess of the Aggregate Commitment over the outstanding principal balance of the Loans Outstanding Facility Amount on each day of such calendar quarterday. The Unused Fee shall be payable quarterly in arrears on the first Business Day after the last day of each calendar quarter.

Appears in 1 contract

Samples: Credit Agreement (Inland Diversified Real Estate Trust, Inc.)

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Unused Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the "Unused Fee") equal to an aggregate amount computed on a daily basis for such calendar year by multiplying the Unused Fee Percentage applicable to such calendar quarterday, calculated as a per diem rate, times the excess of the Aggregate Commitment over the outstanding principal balance of the Loans Outstanding Facility Amount on each day of such calendar quarterday. The Unused Fee shall be payable quarterly in arrears on the first Business Day after the last day of each calendar quarter.

Appears in 1 contract

Samples: Credit Agreement (Inland Real Estate Corp)

Unused Fee. The Borrower agrees Borrowers agree to pay to the Administrative Agent for the account of each Lender an unused facility fee (the "Unused Fee") equal to an aggregate amount computed on a daily basis for such calendar year by multiplying the Unused Fee Percentage applicable to such calendar quarter, calculated expressed as a per diem rate, times the excess of amount by which the Aggregate Commitment over exceeds the outstanding principal balance of the Loans on each day of such calendar quarter. The Unused Fee shall be payable quarterly in arrears on the first Business Day after the last day of each calendar quarterquarter and on the date the Obligations are repaid in full and the Commitments terminated.

Appears in 1 contract

Samples: Credit Agreement (Inland Retail Real Estate Trust Inc)

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