Unused Line of Credit Fee Sample Clauses

Unused Line of Credit Fee. Borrowers shall pay to Lender an unused line of credit fee equal to the daily rate equivalent of one-quarter of one percent per annum (1/4%) of the difference between the Maximum Revolving Loan and the average daily balance of the sum of the Revolving Loan and the Letter of Credit Obligations for each calendar quarter or part thereof, which fee shall be fully earned by Lender and payable quarterly in arrears on the fifth (5th) Business Day of each calendar quarter. Said fee shall be calculated on the basis of a 360-day year.
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Unused Line of Credit Fee. An unused line of credit fee (the “Unused Line Fee”), which Unused Line Fee shall accrue at a rate equal to three-quarters of one percent (0.75%) per annum times the average daily unused portion of the Line of Credit. The Unused Line Fee shall be payable monthly in arrears on the first day of each month, commencing with the first full month following the Closing Date, and on the Termination Date.
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Unused Line of Credit Fee. So long as no Event of Default exists, the Borrower shall pay to the Bank on a monthly basis during the period from the Closing Date to the Maturity Date, an unused line of credit fee (“Unused Line Fee”) in an amount set forth on Schedule 1.35.
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Unused Line of Credit Fee. An unused line of credit fee equal to twenty basis points (.20%) of the Loan amount ($75,000,000.00) minus the average outstanding principal balance of the Loan over the prior three (3) month period shall be assessed each quarter commencing September 1, 2024 and continuing thereafter until the Loan has been paid in full. CORE/3504664.0014/189835344.2 4886-9908-0135, v. 2 Exhibit 10.3 ​
Sample 1
Unused Line of Credit Fee. The Borrower shall pay to the Bank an unused line of credit fee at the rate per annum equal to 0.50% (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily unused portion of this line of credit (i.e., the difference between the Maximum Credit and the average daily principal amount of Loans outstanding during the relevant period). The unused line of credit fee shall be payable monthly in arrears on the last day of each month and on the Maturity Date, unless the Loan Account terminates, and the Loans are payable in full, on an earlier date, in which event the unused line of credit fee for the period to the date of such termination in whole shall be paid on the date of such termination.
Sample 1
Unused Line of Credit Fee. Borrower shall pay to Lender, as a consideration for the Lender’s commitment to lend under this Agreement, a commitment fee from the Seventh Amendment Effective Date through the Expiration Date, payable monthly, at a rate per annum equal to (a) one-eight percent (1/8%) per annum, multiplied by (b) (i) the average daily Maximum Revolving Amount in effect during such month, minus (ii) the average daily borrowings of Borrower under this Agreement during such month. The commitment fee shall be payable in arrears on the first Business Day of each calendar month, and on the Expiration Date.
Sample 1
Unused Line of Credit Fee. So long as this Agreement is in ------------------------- effect, Borrower shall pay to Lender an unused line of credit fee at an annual rate equal to .05% of that portion of the Line of Credit that is not outstanding on each day (the "Unused Line of Credit Fee"), which shall be payable on the ------------------------- first (1st) day of each calendar quarter in arrears for the previous calendar quarter with a final payment due on the termination of this Agreement. Any Revolving Loan that is repaid by 5:00 p.m. on the same business day such Revolving Loan is made shall not be deemed to be outstanding on such Business Day.
Sample 1
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Unused Line of Credit Fee. To reflect the agreement of the parties hereto to add an unused fee with respect to the Line of Credit, effective as of the Fourth Amendment Effective Date, a new Section 2.1.10 is hereby added to the Credit Agreement to read in its entirety as follows:
Sample 1
Unused Line of Credit Fee. So long as this Agreement is in effect, Grad Partners shall pay to Lender an unused line of credit fee at an annual rate equal to .05% of that portion of the Line of Credit that is not outstanding on each day (the "Unused Line of Credit Fee"), which shall be payable on the first (1st) day of each calendar quarter in arrears for the previous calendar quarter with a final payment due on the termination of this Agreement. Any Revolving Loan that is repaid by 5:00 p.m. on the same business day such Revolving Loan is made shall not be deemed to be outstanding on such Business Day.
Sample 1

Related to Unused Line of Credit Fee

  • 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.

  • Letter of Credit Fees The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance, subject to Section 2.16 with its Applicable Revolving Credit Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Event of Default exists, all past due Letter of Credit Fees shall accrue at the Default Rate.

  • Facility Fee The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee, in Dollars, equal to the Applicable Rate for facility fees times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate for facility fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate for facility fees separately for each period during such quarter that such Applicable Rate for facility fees was in effect.

  • Commitment Fee The Borrower shall pay to the Administrative Agent, for the account of each Lender in accordance with its Applicable Percentage, a commitment fee equal to the product of (i) the Applicable Rate times (ii) the actual daily amount by which the Aggregate Revolving Commitments exceed the sum of (y) the Outstanding Amount of Revolving Loans and (z) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.15. For the avoidance of doubt, the Outstanding Amount of Swing Line Loans shall not be counted towards or considered usage of the Aggregate Revolving Commitments for purposes of determining the commitment fee. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

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