Common use of Unused Line Fee Clause in Contracts

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 6 contracts

Samples: Credit and Security Agreement (Accuray Inc), Credit and Security Agreement (Accuray Inc), Credit and Security Agreement (Williams Industrial Services Group Inc.)

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Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 4 contracts

Samples: Credit and Security Agreement (BioHorizons, Inc.), Credit and Security Agreement (BioHorizons, Inc.), Credit and Security Agreement (BioHorizons, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) one-half of one percent (0.50% %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 4 contracts

Samples: Credit Agreement (Transfix Holdings, Inc.), Credit and Security Agreement (Steel Connect, Inc.), Credit and Security Agreement (Celadon Group Inc)

Unused Line Fee. From and following the Original Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings Outstanding during the preceding month, multiplied by (ii) 0.50% one half of one percent (0.5%) per annum. Such The unused line fee payable pursuant to this paragraph is to be paid monthly in arrears on the first day of each month.

Appears in 3 contracts

Samples: Credit and Security Agreement (Mohawk Group Holdings, Inc.), Credit and Security Agreement (Mohawk Group Holdings, Inc.), Credit and Security Agreement (Mohawk Group Holdings, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) less the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) one half of one percent (0.50% %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 3 contracts

Samples: Credit Agreement (Reliant Pharmaceuticals, Inc.), Credit Agreement (Reliant Pharmaceuticals, Inc.), Credit Agreement (Reliant Pharmaceuticals, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% [***] per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 3 contracts

Samples: Credit Agreement (Alphatec Holdings, Inc.), Credit, Security and Guaranty Agreement (Alphatec Holdings, Inc.), Credit, Security and Guaranty Agreement (Alphatec Holdings, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) one half of one percent (0.50% %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 2 contracts

Samples: Credit and Security Agreement (Goodman Networks Inc), Credit, Security and Guaranty Agreement (Alphatec Holdings, Inc.)

Unused Line Fee. From and following the Closing Effective Date, the Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) less the average daily balance Daily Balance of the sum of the outstanding Revolving Loan Outstandings Loans during the preceding monthquarter, multiplied by (ii) one half of one percent (0.50% %) per annum. Such fee is to be paid monthly quarterly in arrears on the first calendar day of each monthULF Quarter.

Appears in 2 contracts

Samples: Credit Agreement (Urban One, Inc.), Credit Agreement (Urban One, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.500.042% per annummonth. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 2 contracts

Samples: Credit and Security Agreement (Twinlab Consolidated Holdings, Inc.), Credit and Security Agreement (Integrated Healthcare Holdings Inc)

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i1) (Aa) the Revolving Loan Commitment minus less (Bb) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii2) 0.500.375% per annum. Such fee is to be paid monthly quarterly in arrears on the first last day of each monthcalendar quarter.

Appears in 2 contracts

Samples: Credit Agreement (Collegiate Pacific Inc), Credit Agreement (Collegiate Pacific Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily end-of-day principal balance of the sum of the Revolving Loan Outstandings during the immediately preceding month, multiplied by (ii) 0.50% per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Dip Credit Agreement

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings and the funded portion of the Additional Term Loan outstanding during the preceding month, multiplied by (ii) 0.500.042% per annummonth. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Staffing 360 Solutions, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% five hundred four one-thousandths of one percent (0.504%) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (BioTrove, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.500.504% per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Alphatec Holdings, Inc.)

Unused Line Fee. From and following the Original Closing Date, Borrowers Borrower shall pay to Agent, for the ratable benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata SharesLenders, a fee in an amount equal to (i) (A) the sum of the Revolving Loan Commitment minus less the sum of (Bx) the average daily balance of the sum of the Revolving Loan Outstandings Loans during the preceding month, month multiplied by (ii) 0.50% one-quarter percent (.25%) per annum. Such fee is to be paid payable monthly in arrears on the first day last Business Day of each monthInterest Period for the entire Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee (the “Unused Line Fee”) in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, month multiplied by (ii) 0.50% per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit, Security and Guaranty Agreement (Chicken Soup for the Soul Entertainment, Inc.)

Unused Line Fee. From and following the Eighteenth Amendment Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.500.03125% per annummonth. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Twinlab Consolidated Holdings, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay to Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata SharesLenders, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) less the sum of the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by three-eights of one percent (ii0.375%) 0.50% per annum. Such , such fee is to be paid calculated on the basis of a 360 day year for the actual number of days elapsed and to be payable monthly in arrears on the first day of the first month following the Closing Date and the first day of each monthmonth thereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Continental Information Systems Corp)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% one-half of one percent (0.5%) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (University General Health System, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to to: (i1) (Aa) the Revolving Loan Commitment minus less (Bb) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii2) 0.50% per annumthe Applicable Unused Line Rate. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit Agreement (Equinox Group Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings Outstanding during the preceding month, multiplied by (ii) 0.50% one half of one percent (0.5%) per annum. Such The unused line fee payable pursuant to this paragraph is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Mohawk Group Holdings, Inc.)

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Unused Line Fee. From and following the Closing Date, the Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a an aggregate fee in an amount equal to (i1) (Aa) the Revolving Loan Commitment minus less (Bb) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding monthquarter, multiplied by (ii2) 0.50% one-half of one percent (.50%) per annum. Such fee is to be paid monthly quarterly in arrears on the first day of each monthcalendar quarter.

Appears in 1 contract

Samples: Credit Agreement (Comsys It Partners Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i1) (Aa) the Revolving Loan Commitment minus less (Bb) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii2) one half percent (0.50% %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit Agreement (Williams Controls Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% seventy-five one hundredths of one percent (0.75%) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (NxStage Medical, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) one half of one percent (0.50% %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Barrier Therapeutics Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i1) (Aa) the Revolving Loan Commitment minus less (Bb) the average daily balance of the sum of the Revolving Loan Outstandings Loans Outstanding during the preceding month, multiplied by (ii2) one half of one percent (0.50% %) per annum. Such fee is to be paid monthly in arrears on the first day Business Day of each month.

Appears in 1 contract

Samples: Credit Agreement (Ahl Services Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.500.045% per annummonth. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Advancis Pharmaceutical Corp)

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) less the average daily balance of the sum of the Revolving Loan Outstandings plus the Swingline Loan Outstandings during the preceding month, multiplied by (ii) one-half of one percent (0.50% %) per annum. Such fee is to be paid monthly in arrears on the first last day of each month.

Appears in 1 contract

Samples: Credit Agreement (Palace Entertainment Holdings, Inc.)

Unused Line Fee. From and following the Restatement Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.500.504% per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit Agreement (Pernix Therapeutics Holdings, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i1) (Aa) the Revolving Loan Commitment minus less (Bb) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii2) one-half of one percent (0.50% %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit Agreement (Atlantic Premium Brands LTD)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) SAN_FRANCISCO/#11685.11 one-half of one percent (0.50% %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Skilled Healthcare Group, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) one half percent (0.50% %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings outstanding during the preceding month, multiplied by (ii) 0.500.042% per annummonth. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Staffing 360 Solutions, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i1) (Aa) the Revolving Loan Commitment minus less (Bb) the average daily balance of the sum of the Revolving Loan Outstandings plus the Swingline Loan Outstandings during the preceding month, multiplied by (ii2) 0.50% one half percent (0.5%) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit Agreement (Obagi Medical Products, Inc.)

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