Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such fee shall be payable on the first day of each month in arrears.
Appears in 3 contracts
Samples: Loan Agreement (RBX Corp), Loan Agreement (RBX Corp), Loan Agreement (RBX Industries Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths half (3/81/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 3 contracts
Samples: Loan and Security Agreement (Inverness Medical Innovations Inc), Loan and Security Agreement (Impax Laboratories Inc), Loan and Security Agreement (Ivc Industries Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one percent (3/80.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 2 contracts
Samples: Loan and Security Agreement (Vector Group LTD), Loan and Security Agreement (Vector Group LTD)
Unused Line Fee. Chapter 11 Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit $25,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 2 contracts
Samples: Ratification and Amendment Agreement (Congoleum Corp), Ratification and Amendment Agreement (American Biltrite Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths half (3/81/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 2 contracts
Samples: Loan and Security Agreement (Converse Inc), Loan and Security Agreement (Geneva Steel Co)
Unused Line Fee. Borrower Borrowers shall jointly and severally pay to Lender monthly an unused line --------------- fee equal at a rate equal to three-eighths of one (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit $22,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 2 contracts
Samples: Loan and Security Agreement (Atlantic Express Transportation Corp), Loan and Security Agreement (Atlantic Express Transportation Corp)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one percent (3/8.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $20,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 2 contracts
Samples: Loan and Security Agreement (Collegiate Pacific Inc), Loan and Security Agreement (Sport Supply Group Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths of one (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit $34,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 2 contracts
Samples: Loan and Security Agreement (Anvil Holdings Inc), Loan and Security Agreement (Anvil Knitwear Inc)
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths percent (3/80.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit Sixty Million Dollars ($60,000,000) exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 2 contracts
Samples: Loan and Security Agreement (Guess Inc Et Al/Ca/), Loan and Security Agreement (Guess Inc Et Al/Ca/)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit $28,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears."
Appears in 2 contracts
Samples: Loan and Security Agreement (American Biltrite Inc), Loan and Security Agreement (Congoleum Corp)
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths half percent (3/8.5%) percent per annum calculated upon the amount by which the Revolving Loan Limit $16,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 2 contracts
Samples: Loan and Security Agreement (LSB Industries Inc), Loan and Security Agreement (LSB Industries Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee equal at a rate equal to three-eighths one quarter of one percent (3/8.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 2 contracts
Samples: Loan and Security Agreement (Eagle Food Centers Inc), Loan and Security Agreement (Eagle Food Centers Inc)
Unused Line Fee. Borrower shall pay to Lender monthly monthly, an unused line --------------- fee at a rate equal to three-eighths one half of one percent (3/80.50%) percent per annum calculated upon the amount by which the Revolving Loan Limit $10,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) ), while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 2 contracts
Samples: Loan and Security Agreement (Inyx Inc), Loan and Security Agreement (Inyx Inc)
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly monthly, an unused line --------------- fee at a rate equal to three-eighths one half of one percent (3/80.5%) percent per annum calculated upon the amount by which the Revolving Loan Limit $30,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) ), while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 2 contracts
Samples: Loan and Security Agreement (Nutritional Sourcing Corp), Loan and Security Agreement (Nutritional Sourcing Corp)
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-three eighths (3/8.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit Revolver Ceiling exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths one half of one (3/8.50%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan and Security Agreement (Alpha Technologies Group Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths of one percent (3/80.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- ---------------- fee at a rate equal to threeone-eighths quarter of one (3/81/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such fee shall be payable Lenders, monthly, on the first day of each month month, in arrears, an Unused Line Fee for each month during the Term equal to .375% per annum of the amount, if any, by which the Maximum Revolving Credit exceeds the average outstanding daily principal balance during the preceding month of all Revolving Loans and any Letters of Credit.β
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter (3/81/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan and Security Agreement (Central Sprinkler Corp)
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent per annum calculated upon in the amount of 0.375% multiplied by the amount by which the Revolving Loan Limit Maximum Credit as then in effect exceeds the daily average daily of the principal balance of the outstanding Revolving Loans and Letter the Letters of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is until payment in effect and for so long thereafter as any full of the Obligations are outstandingObligations. Such fee fees shall be payable on the first day Business Day of each calendar month in arrearsarrears and on the Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Culp Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit $21,500,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at equal to a rate equal to per annum of three-eighths eights of one percent (3/83/8 of 1%) percent per annum calculated upon of the amount by which the Revolving Loan Limit Maximum Amount exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations Obligations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Loans or Letter of Credit Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan Agreement (Iomega Corp)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one percent (3/80.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $13,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter percent (3/8.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $9,200,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears."
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender a monthly an unused line --------------- fee at a rate equal to threeone-eighths half of one percent (3/80.5%) percent per annum calculated upon on the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while during which this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrearsmonth.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths half of one percent (3/80.50%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths half of one (3/81/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit $25,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender Lender, monthly an unused line --------------- fee at a rate equal to three-eighths (3/8.375%) of one percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter Letters of Credit Accommodations during the immediately preceding month (or part thereof) while so long as any Obligations are outstanding and this Agreement is in effect and for so long thereafter as any of the Obligations are outstandinghas not been terminated. Such fee fees shall be payable on the first day Business Day of each month in arrearsarrears and calculated based on a three hundred sixty (360) day year and actual days elapsed.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths one quarter of one (3/8.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths eighth of one percent (3/80.125%) percent per annum calculated upon the amount by which the Revolving Loan Limit $25,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan and Security Agreement (Musicland Stores Corp)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter percent (3/81/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan and Security Agreement (Startec Global Communications Corp)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one (3/81/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit $30,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one (3/81/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths of one (3/8%) percent per annum calculated upon the amount (if any) by which eighty (80%) percent of the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one (3/8.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such fee shall be payable on the first day of each month in arrears.of
Appears in 1 contract
Samples: Loan and Security Agreement (Clark Material Handling Co)
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths one quarter of one (3/8.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears."
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths one half of one (3/81/2%) percent per annum calculated upon the amount by which the Revolving Loan Credit Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly monthly, in arrears on the first day of each month, an unused line --------------- fee at a rate equal to three-eighths of one percent (3/8.375%) percent per annum calculated upon the daily average amount by which the Revolving Loan Limit Facility exceeds the average daily sum of (i) the outstanding principal balance of the outstanding Revolving Loans and plus (ii) the outstanding Letter of Credit Accommodations during Obligations. The Unused Line Fee shall accrue from the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any Closing Date until the last day of the Obligations are outstanding. Such fee shall be payable on Original Term, and if applicable, from the first day to the last day of each month in arrearsRenewal Term.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee equal at a rate equal to three-eighths one quarter of one percent (3/80.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $14,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations Obligations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month (commencing December 1, 1996) in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-three eighths of one (3/8.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit Ceiling exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths of one (3/8.375%) percent per annum calculated upon the amount by which the Revolving Inventory Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a the per annum rate equal to three-eighths (3/8%) percent per annum calculated upon 0.375% of the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while While this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , Borrowers shall pay to Lender monthly an unused line fee at a rate equal to the Applicable Unused Line Fee Percentage per annum calculated upon the amount by which eighty (80%) percent of the Maximum Credit exceeds the average daily principal balance of the outstanding Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof); such unused line fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan and Security Agreement (Pep Boys Manny Moe & Jack)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one (3/81/4%) percent per annum calculated upon the amount by which $5,000,000 exceeds the Revolving Loan Limit exceeds greater of $1,750,000 or the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-three- eighths of one (3/8%) percent per annum calculated upon the amount (if any) by which eighty (80%) percent of the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such fee shall be payable on the first day of each month in arrears.preceding
Appears in 1 contract
Samples: Loan and Security Agreement (Stuart Entertainment Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at for the Line of Credit equal to a rate equal to three-eighths per annum of one quarter percent (3/80.25%) percent per annum calculated upon of the amount by which the Revolving Loan Limit Maximum Amount exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations Revolving Loans are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan Agreement (Titan Motorcycle Co of America Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee equal at a rate equal to threeone-eighths half (3/80.5%) percent per annum calculated upon the amount by which the Revolving Loan Limit lesser of $4,700,000 or the Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly a fee in an unused line amount --------------- fee at a rate equal to three-eighths (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds Commitment less the sum of the average daily principal balance of the outstanding Revolving Loans and Loan plus the average daily face amount of the Letter of Credit Accommodations Reserve during the immediately preceding month multiplied by one-half percent (or part thereof0.5%) while this Agreement is per annum, such fee to be calculated on the basis of a 360 day year for the actual number of days elapsed and to be payable monthly in effect and for so long thereafter as any arrears on the first day of the Obligations are outstanding. Such fee shall be payable on first month following the Closing Date and the first day of each month in arrearsthereafter.
Appears in 1 contract
Unused Line Fee. Borrower The Borrowers shall pay to Lender monthly each month, an --------------- unused line --------------- fee at a rate equal to threeone-eighths half percent (3/80.5%) percent per annum calculated upon of the amount by which difference between the Revolving Loan Limit exceeds Total Facility and the daily average daily outstanding principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during for the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such fee shall be payable on the first day of each month in arrearsprior month.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall jointly and severally pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one (3/81/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit $40,000,000 exceeds the average daily principal balance of the aggregate outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan and Security Agreement (Decorative Home Accents Inc)
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee equal at a rate equal to threeone-eighths half of one (3/8.5%) percent per annum calculated upon the amount by which the Revolving Loan Limit $16,000,000 exceeds the average aggregate daily principal balance of the outstanding Terms Loans, Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan and Security Agreement (Reunion Industries Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths percent (3/8.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit $16,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.. 3.5
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one percent (3/80.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $28,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans Loans, Term Loans, Acceptances and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths half of one percent (3/80.5%) percent per annum calculated upon annum, applied to the amount by which the Revolving Loan Credit Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations Advances during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable in arrears on the first (1st) day of each month in arrearsand on the Revolving Credit Termination Date.
Appears in 1 contract
Samples: Loan and Security Agreement (Blue Star Foods Corp.)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at equal to a rate equal to three-eighths of one (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit $105,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement (or the First Restated Loan Agreement) is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender a monthly an unused line --------------- fee at a rate equal to three-eighths one- quarter of one percent (3/8.25%) percent per annum calculated upon on the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while during which this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrearsmonth.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the aggregate amount of the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- ---------------- fee at a rate equal to threeone-eighths quarter of one (3/81/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit $15,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender a monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent 0.25% per annum calculated upon on the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while during which this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrearsmonth.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit $20,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths half of one (3/81/2%) percent per annum calculated upon the amount by which the Revolving Inventory Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan and Security Agreement (One Price Clothing Stores Inc)
Unused Line Fee. Borrower shall pay to Lender Lender, on a monthly basis, an unused line --------------- fee at a rate equal to threeone-eighths half of one percent (3/80.50%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be due and payable to Lender on the first day of each month month, in arrears.β
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly with respect to the calendar months of May through and including November (or part thereof) in each year while this Agreement is in effect, an unused line --------------- fee at a rate equal to threeone-eighths half (3/81/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit $110,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding such month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such ), which fee shall be payable on the first day of following each month applicable month, in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender Lender, monthly an unused line --------------- fee at a rate equal to threeone-eighths half (3/8.50%) of one percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter Letters of Credit Accommodations during the immediately preceding month (or part thereof) while so long as any Obligations are outstanding and this Agreement is in effect and for so long thereafter as any of the Obligations are outstandinghas not been terminated. Such fee fees shall be payable on the first day Business Day of each month in arrearsarrears and calculated based on a three hundred sixty (360) day year and actual days elapsed.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan and Security Agreement (Hirsch International Corp)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths one half of one (3/81/2 of 1%) percent per annum calculated upon the amount by which the Revolving Loan Credit Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly monthly, an unused line --------------- fee at a rate equal to three-eighths zero point five (3/80.5%) percent per annum calculated upon the amount by which the Revolving Loan Limit $30,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) ), while this Extension Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Extension and Modification and Security Agreement (Nutritional Sourcing Corp)
Unused Line Fee. Borrower shall pay to Lender a monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one percent (3/80.25%) percent per annum calculated upon on the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while during which this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrearsmonth.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee calculated at a the rate equal to threeof nine-eighths tenths (3/8.9%) percent per annum calculated upon the amount by which the Revolving Loan Limit $10,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this the Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month month, in arrears."
Appears in 1 contract
Samples: Emerson Radio Corp
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter (3/81/4%) percent per annum calculated upon of the amount by which the Revolving Loan Limit exceeds difference between (a) the average daily monthly principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during and (b) the immediately preceding month (or part thereof) Maximum Credit, while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan and Security Agreement (Poindexter J B & Co Inc)
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee equal at a rate equal to three-eighths one quarter of one percent (3/80.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $20,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations Obligations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month (commencing August 1, 1998) in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit amount equal to eighty (80%) percent of the Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one percent (3/81/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at for the Line of Credit equal to a rate equal to three-eighths per annum of one quarter of one percent (3/8.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds of the average daily principal balance unused portion of the outstanding Revolving Loans and Letter Line of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Revolving Loans or Letter of Credit Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan Agreement (Andataco Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-three eighths of one percent (3/8.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit $20,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths of one (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit $50,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit $32,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths one quarter of one (3/81/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit $12,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect ), during such periods as the Revolving Loans and for so long thereafter as any Letter of Credit Accommodations remain available to the Obligations are outstanding. Such Borrower, which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths half of one percent (3/82%) percent per annum calculated upon the amount by which the Revolving Loan Limit $4,500,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan and Security Agreement (Perma Fix Environmental Services Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such fee shall be payable monthly, on the first day of each month month, in arrears, an UNUSED LINE FEE for each month during the Term at the rate per annum set forth in Section 10.3(d), calculated upon the amount, if any, by which the Maximum Revolving Credit exceeds the average outstanding daily principal balance during the preceding month of all Revolving Loans and any Letters of Credit.
Appears in 1 contract
Samples: Loan and Security Agreement (Indesco International Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths of one (3/8.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit $10,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan and Security Agreement (Digital Lightwave Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter percent (3/8.25%) percent per annum calculated upon annum, applied to the amount by which the Revolving Loan Limit Maximum Credit amount exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender Lender, on a monthly basis, an unused line --------------- fee at a rate equal to three-eighths of one percent (3/80.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be due and payable to Lender on the first day of each month month, in arrears.β
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly quarterly an unused line --------------- fee at a rate equal to three-eighths quarters of one (3/8.75%) percent per annum calculated upon the amount by which the Revolving Loan Limit Facility Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month calendar quarter (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first business day of each month calendar quarter in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one percent (3/8.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths one half of one percent (3/80.50%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a the per annum rate equal to threeone-eighths half of one percent (3/80.50%) percent per annum calculated upon of the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter (3/81/4 %) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Samples: Loan and Security Agreement (Play by Play Toys & Novelties Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter percent (3/8.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $8,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month months (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears."
Appears in 1 contract
Samples: Loan and Security Agreement (Krauses Furniture Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent .375% per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-three eighths of one percent (3/8.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter Letters of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- a fee at a rate equal to three-eighths (3/8%) percent % per annum calculated upon of the average monthly amount by which the Revolving Loan Limit portion of the Maximum Credit Facility not required to be cash collateralized exceeds the average daily sum of the outstanding principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during Loans, plus the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstandingLC Amount. Such The unused line fee shall be payable monthly in arrears on the first day of each calendar month in arrearshereafter.
Appears in 1 contract
Samples: Loan and Security Agreement (United Industrial Corp /De/)
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- a fee at a rate equal to three-eighths one- --------------- half percent (3/80.5%) percent per annum calculated upon of the amount by which the Revolving Loan Limit exceeds the average daily principal balance sum of the outstanding Average Monthly Loan Balance is less than the Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstandingLoan Commitment. Such The unused line fee shall be payable monthly in arrears on the first day of each calendar month in arrearshereafter.
Appears in 1 contract
Samples: Loan and Security Agreement (Avalon Community Services Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at for the Line of Credit equal to a rate equal to three-per annum of three eighths of one percent (3/8.375%) percent per annum calculated upon of the amount by which the Revolving Loan Limit Maximum Line Amount exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations Obligations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Revolving Loans or Letter of Credit Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one (3/8.25%) percent per annum calculated upon the amount by which the Revolving Inventory Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears."
Appears in 1 contract
Samples: One Price Clothing Stores Inc
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8.375%) of one percent per annum calculated upon the amount by which the Maximum Revolving Loan Limit Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract
Unused Line Fee. Borrower Borrowers shall jointly and severally pay to Lender monthly an unused line --------------- fee at a rate equal to of three-eighths of one percent (3/83/8ths of 1%) percent per annum calculated upon of the amount by which difference between the Maximum Revolving Loan Limit exceeds and the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such each month, which fee shall be fully earned by Lender and payable monthly in arrears on the first day last Business Day of each month in arrearsmonth. Said fee shall be calculated on the basis of a 360 day year.
Appears in 1 contract
Samples: Loan and Security Agreement (Novitron International Inc)
Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to threeone-eighths quarter of one (3/80.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Ten Million Dollars ($10,000,000) exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such , which fee shall be payable on the first day of each month in arrears.
Appears in 1 contract