Unused Fees. (i) U.S. Unused Fees. (A) U.S. Revolving Commitment Unused Fee. In consideration of the U.S. Revolving Commitments of the U.S. Revolving Lenders hereunder, Airgas agrees to pay to the U.S. Agent for the account of the U.S. Revolving Lenders a fee (the “U.S. Revolving Commitment Unused Fee”) on the actual daily amount by which (a) the U.S. Revolving Committed Amount exceeds (b) the sum of (i) the outstanding aggregate principal amount of all U.S. Revolving Loans plus (ii) the outstanding aggregate principal amount of all U.S. LOC Obligations plus (iii) 50% of the outstanding aggregate principal amount of all Competitive U.S. Loans, computed at a per annum rate for each day during the applicable period at a rate equal to the Applicable Percentage in effect from time to time. The U.S. Revolving Commitment Unused Fee shall commence to accrue on the Closing Date and shall be due and payable in arrears on the last Business Day of each March, June, September and December (and any date that the U.S. Revolving Committed Amount is reduced as provided in Section 4.4 and the Termination Date) for the immediately preceding quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date.
Appears in 1 contract
Samples: Credit Agreement (Airgas Inc)
Unused Fees. (i) U.S. Unused Fees.
(A) U.S. Revolving Commitment Unused Fee. In consideration of the U.S. Revolving Commitments of the U.S. Revolving Lenders hereunder, Airgas agrees to pay to the U.S. Agent for the account of the U.S. Revolving Lenders a fee (the “U.S. Revolving Commitment Unused Fee”) on the actual daily amount by which (a) the U.S. Revolving Committed Amount exceeds (b) the sum of (i) the outstanding aggregate principal amount of all U.S. Revolving Loans plus (ii) the outstanding aggregate principal amount of all U.S. LOC Obligations plus (iii) 50% of the outstanding aggregate principal amount of all Competitive U.S. LoansObligations, computed at a per annum rate for each day during the applicable period at a rate equal to the Applicable Percentage Rate in effect from time to time. The U.S. Revolving Commitment Unused Fee shall commence to accrue on the Closing Date and shall be due and payable in arrears on the last Business Day of each March, June, September and December (and any date that the U.S. Revolving Committed Amount is reduced as provided in Section 4.4 and the Termination Maturity Date) for the immediately preceding quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date. The U.S. Revolving Commitment Unused Fee shall be subject to adjustment as provided in Section 4.16.
Appears in 1 contract
Samples: Credit Agreement (Airgas Inc)
Unused Fees. (i) U.S. Unused Fees.
(A) U.S. Revolving Commitment Unused Fee. In consideration of the U.S. Revolving Commitments of the U.S. Revolving Lenders hereunder, Airgas agrees to pay to the U.S. Agent for the account of the U.S. Revolving Lenders a fee (the “"U.S. Revolving Commitment Unused Fee”") on the actual daily amount by which (a) the U.S. Revolving Committed Amount exceeds (b) the sum of (i) the outstanding aggregate principal amount of all U.S. Revolving Loans plus (ii) the outstanding aggregate principal amount of all U.S. LOC Obligations plus (iii) 50% of the outstanding aggregate principal amount of all Competitive U.S. Loans, computed at a per annum rate for each day during the applicable period at a rate equal to the Applicable Percentage in effect from time to time. The U.S. Revolving Commitment Unused Fee shall commence to accrue on the Closing Date and shall be due and payable in arrears on the last Business Day of each March, June, September and December (and any date that the U.S. Revolving Committed Amount is reduced as provided in Section 4.4 and the Termination Date) for the immediately preceding quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date.
(B) U.S. Term Commitment Unused Fee. In consideration of the U.S. Term Loan Commitments of the U.S. Term Lenders hereunder, Airgas agrees to pay to the U.S. Agent for the account of the U.S. Term Lenders holding unfunded U.S. Term Loan Commitments a fee (the "U.S. Term Commitment Unused Fee") on the then applicable U.S. Term Loan Committed Amount, computed at a per annum rate for each day during the applicable period at a rate equal to the Applicable Percentage in effect from time to time. The U.S. Term Commitment Unused Fee shall commence to accrue on the Closing Date and shall be due and payable in arrears on the last Business Day of each March, June, September and December (and any date that the U.S. Term Loan Committed Amount is reduced as provided in Section 4.4 and the Termination Date) for the immediately preceding quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date.
Appears in 1 contract
Samples: Credit Agreement (Airgas Northern California & Nevada Inc)
Unused Fees. (i) U.S. Unused Fees.
(A) U.S. Revolving Commitment Unused Fee. In consideration of the U.S. Revolving Commitments of the U.S. Revolving Lenders hereunder, Airgas agrees to pay to the U.S. Agent for the account of the U.S. Revolving Lenders a fee (the “"U.S. Revolving Commitment Unused Fee”") on the actual daily amount by which (a) the U.S. Revolving Committed Amount exceeds (b) the sum of (i) the outstanding aggregate principal amount of all U.S. Revolving Loans plus (ii) the outstanding aggregate principal amount of all U.S. LOC Obligations plus (iii) 50% of the outstanding aggregate principal amount of all Competitive U.S. Loans, computed at a per annum rate for each day during the applicable period at a rate equal to the Applicable Percentage in effect from time to time. The U.S. Revolving Commitment Unused Fee shall commence to accrue on the Closing Date and shall be due and payable in arrears on the last Business Day of each March, June, September and December (and any date that the U.S. Revolving Committed Amount is reduced as provided in Section 4.4 and the Termination Date) for the immediately preceding quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date.
Appears in 1 contract
Unused Fees. (i) Unused Revolving U.S. Unused Fees.
(A) U.S. Revolving Commitment Unused Fee. In consideration of the Revolving U.S. Revolving Commitments of the U.S. Revolving Lenders hereunder, Airgas agrees to pay to the U.S. Agent for the account of the U.S. Revolving Lenders a fee (the “"Unused Revolving U.S. Revolving Commitment Unused Fee”") on the actual daily amount by which (a) the Unused Revolving U.S. Revolving Committed Amount exceeds (b) the sum of (i) the outstanding aggregate principal amount of all U.S. Revolving Loans plus (ii) the outstanding aggregate principal amount of all U.S. LOC Obligations plus (iii) 50% of the outstanding aggregate principal amount of all Competitive U.S. LoansAmount, computed at a per annum rate for each day during the applicable period Unused Revolving U.S. Commitment Fee Calculation Period (hereinafter defined) at a rate equal to the Applicable Percentage in effect from time to time. The Unused Revolving U.S. Revolving Commitment Unused Fee shall commence to accrue on the Closing Date and shall be due and payable in arrears on the last Business Day of each March, June, September and December (and any date that the Revolving U.S. Revolving Committed Amount is reduced as provided in Section 4.4 and the Termination Date) for the immediately preceding quarter (or portion thereof) (each such quarter or portion thereof for which such Unused Fee is payable hereunder being herein referred to as an "Unused Revolving U.S. Commitment Fee Calculation Period"), beginning with the first of such dates to occur after the Closing Date.
Appears in 1 contract
Samples: Credit Agreement (Airgas Inc)