Common use of Unused Line Fee Clause in Contracts

Unused Line Fee. From and after the Effective Date and until the Final Maturity Date, the Borrower shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata Shares, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.50% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding during the prior one quarter period and shall be payable quarterly in arrears on the first day of each quarter commencing April 1, 2012.

Appears in 4 contracts

Samples: Financing Agreement (Motorcar Parts America Inc), Financing Agreement (Motorcar Parts America Inc), Financing Agreement (Motorcar Parts America Inc)

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Unused Line Fee. From and after the Effective Date and until the Final Maturity Date, the Borrower Borrowers shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata SharesShare, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.50% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding during the prior one quarter month period and shall be payable quarterly monthly in arrears on the first last day of each quarter month commencing April 1March 31, 20122020.

Appears in 4 contracts

Samples: Financing Agreement (Xponential Fitness, Inc.), Financing Agreement (Xponential Fitness, Inc.), Financing Agreement (Xponential Fitness, Inc.)

Unused Line Fee. From and after the Effective Date and until the Final Maturity Termination Date, the Borrower Borrowers shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata Shares, monthly in arrears on the first day of each month commencing September 1, 2015, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.500.5% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding from time to time during the prior one quarter period and shall be payable quarterly in arrears on the first day of each quarter commencing April 1, 2012preceding month.

Appears in 4 contracts

Samples: Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc)

Unused Line Fee. From and after the Effective Date and until the Final Maturity Termination Date, the Borrower Borrowers shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata Shares, monthly in arrears on the first day of each month commencing August 1, 2021, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.500.5% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding from time to time during the prior one quarter period and shall be payable quarterly in arrears on the first day of each quarter commencing April 1, 2012preceding month.

Appears in 2 contracts

Samples: Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc)

Unused Line Fee. From and after the Effective Closing Date and until the Final Maturity Termination Date, the Borrower shall pay to the Administrative Agent Agent, for the account of the Revolving Loan Lenders, each Lender in accordance with their such Lender's Pro Rata SharesShare, an unused line fee (the "Unused Line Fee"), which shall accrue ) accruing at the rate of one-half of one percent (0.50%) per annum of 0.50% annum, on the excess, if any, of the Total aggregate Revolving Credit Commitment Commitments over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations Exposure outstanding during the prior one quarter period and from time to time. All Unused Line Fees shall be payable quarterly monthly in arrears on the first day of each quarter month commencing April October 1, 20121996.

Appears in 1 contract

Samples: Revolving Credit Agreement (Best Products Co Inc)

Unused Line Fee. From and after the Effective Date and until the Final Maturity Date, the Borrower Borrowers shall pay to the Administrative Agent for the account of the Lenders that have a Revolving Loan LendersCredit Commitment, in accordance with their Pro Rata Shares, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.50% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding during the prior one quarter period from time to time and shall be payable quarterly monthly in arrears commencing on the first day of each quarter commencing April 1, 2012the month immediately following the Effective Date.

Appears in 1 contract

Samples: Financing Agreement (Oglebay Norton Co /Ohio/)

Unused Line Fee. From and after the Effective Date and until the Final Revolving Loan Maturity Date, the Borrower Borrowers shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata Shares, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.500.375% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding during the prior one quarter period from time to time and shall be payable quarterly monthly in arrears on the first day of each quarter month commencing April July 1, 20122011.

Appears in 1 contract

Samples: Financing Agreement (Zagg INC)

Unused Line Fee. From and after the Effective Date and until the Final Maturity Date, the Borrower shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata Shares, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.500.75% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding during from time to time for the prior one immediately preceding quarter period and shall be payable quarterly in arrears on the first last day of each quarter commencing April 1June 30, 20122010.

Appears in 1 contract

Samples: Credit Agreement (Lantheus MI Intermediate, Inc.)

Unused Line Fee. From and after the Effective Date and until the Final Maturity Date, the Borrower shall pay monthly to the Administrative Agent for the account of the Revolving A Loan Lenders, in accordance with their Pro Rata Shares, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.500.5% on the excess, if any, of the Total Revolving A Credit Commitment over the sum of the average principal amount of all Revolving A Loans and Letter of Credit Obligations outstanding from time to time during the prior one quarter period relevant month and shall be payable quarterly monthly in arrears on the first day of each quarter month commencing April February 1, 20122003.

Appears in 1 contract

Samples: Credit Agreement (KCS Energy Inc)

Unused Line Fee. From and after the Effective Date and until the Final Maturity Date, the Borrower shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata Shares, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.500.5% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding during the prior one quarter period from time to time and shall be payable quarterly monthly in arrears on the first day of each quarter month commencing April on July 1, 20122007.

Appears in 1 contract

Samples: Financing Agreement (MDC Partners Inc)

Unused Line Fee. From and after the Effective Closing Date and until the earlier of the Final Maturity DateDate or the termination of the Revolving Credit Commitment, the Borrower shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata Shares, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.500.5% on the excessamount, if any, of by which the Total Revolving Credit Commitment over the sum of exceeds the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding during the prior one quarter period from time to time and shall be payable quarterly monthly in arrears on the first day of each quarter month commencing April July 1, 20122001.

Appears in 1 contract

Samples: Credit Agreement (Pen Holdings Inc)

Unused Line Fee. From and after the Effective Date and until the Final Maturity Date, the Borrower shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata Sharesa written agreement among such Lenders, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.500.5% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding during the prior one quarter period from time to time and shall be payable quarterly monthly in arrears on the first day of each quarter month commencing April 1January 2, 2012.2002. -39-

Appears in 1 contract

Samples: Credit Agreement (Packaged Ice Inc)

Unused Line Fee. From and after the Effective Date and until the Final Maturity Date, the Borrower shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, Lenders in accordance with their Pro Rata Shares, a written agreement among such Lenders an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.500.5% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding during the prior one quarter period from time to time and shall be payable quarterly monthly in arrears on the first day of each quarter month commencing April June 1, 20122000.

Appears in 1 contract

Samples: Financing Agreement (Decora Industries Inc)

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Unused Line Fee. From and after the Effective Date and until the Final Maturity Date, the Borrower Borrowers shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata Shares, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.500.25% on of the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding during the prior one quarter period from time to time and shall be payable quarterly monthly in arrears on the first day of each quarter month commencing April November 1, 20122006.

Appears in 1 contract

Samples: Financing Agreement (Omega Protein Corp)

Unused Line Fee. From and after the Effective Date and until the Final Maturity Date, the Borrower shall pay to the Administrative Agent for the account of the Lenders that have a Revolving Loan LendersCredit Commitment, in accordance with their Pro Rata Shares, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.50% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding during the prior one quarter period from time to time and shall be payable quarterly monthly in arrears on the first day of each quarter commencing April 1, 2012the month immediately following the Effective Date.

Appears in 1 contract

Samples: Financing Agreement (Oglebay Norton Co /Ohio/)

Unused Line Fee. From and after the Effective Date and until up to the Final Maturity Date, the Borrower shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata Shares, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.500.375% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding during the prior one quarter period from time to time and shall be due and payable quarterly monthly in arrears on the first day of each quarter month commencing April 1, 20122007.

Appears in 1 contract

Samples: Financing Agreement (Gametech International Inc)

Unused Line Fee. From and after the Effective Date and until the Final Maturity Date, the Borrower shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata Sharesa written agreement among such Revolving Loan Lenders, an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.50% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount (on a monthly basis) of all Revolving Loans and Letter of Credit Obligations outstanding during the prior one quarter period from time to time and shall be payable quarterly monthly in arrears on the first day of each quarter month commencing April 1, 2012March 2005.

Appears in 1 contract

Samples: Financing Agreement (Modtech Holdings Inc)

Unused Line Fee. From and after the Effective Closing Date and until the Final Maturity Termination Date, the Borrower shall pay to the Administrative Agent Agent, for the account of the Revolving Loan Lenders, each Lender in accordance with their such Lender's Pro Rata SharesShare, an unused line fee (the "Unused Line Fee"), which shall accrue ) accruing at the rate of one-fourth of one percent (1/4%) per annum of 0.50% annum, on the excess, if any, of the Total aggregate Activated Revolving Credit Commitment Commitments over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations Exposure outstanding during the prior one quarter period and from time to time. All Unused Line Fees shall be payable quarterly monthly in arrears on the first day of each quarter month commencing April 1, 20121997.

Appears in 1 contract

Samples: Revolving Credit Agreement (Jacobson Stores Inc)

Unused Line Fee. From and after the Effective Date and until the Final Maturity Date, the Borrower Borrowers shall pay to the Administrative Agent for the account of the Lenders that have a Revolving Loan Lenders, Credit Commitment in accordance with their Pro Rata Shares, Shares an unused line fee (the "Unused Line Fee"), which shall accrue at the rate per annum of 0.500.5% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans and Letter of Credit Obligations outstanding during the prior one quarter period from time to time and shall be payable quarterly monthly in arrears on the first day of each quarter month commencing April September 1, 20122000.

Appears in 1 contract

Samples: Financing Agreement (Outsource International Inc)

Unused Line Fee. From and after the Effective Date and until the Final Maturity Date, the Borrower Borrowers shall jointly and severally pay to the Administrative Agent for the account of the Revolving Loan Lenders, Lenders in accordance with their the Lenders' respective Pro Rata Shares, an unused line fee (the "Unused Line Fee"), which shall accrue ) accruing at the rate of three-eighths of one percent (0.375%) per annum of 0.50% annum, on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Credit Loans and Letter of Credit Obligations outstanding during the prior one quarter period and from time to time. The Unused Line Fees shall be payable quarterly in arrears on the first day of each quarter January, April, July and October, commencing April 1, 20121999.

Appears in 1 contract

Samples: Financing Agreement (Aris Industries Inc)

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