Unused Revolving Commitment Fee. The Borrower shall pay to Agent a fee (the “Unused Revolving Commitment Fee”) for the ratable account of the Revolving Lenders in an amount calculated daily and aggregated for each calendar quarter equal to:
(i) the ending daily balance of the Aggregate Revolving Loan Commitment, less
(ii) the sum of (1) the ending daily balance of all Revolving Loans held by such Revolving Lender plus (2) the ending daily amount of Letter of Credit Obligations held by such Revolving Lender, plus (z) in the case of the Swing Lender, the ending daily balance of all outstanding Swing Loans held by such Swing Lender, in each case, for each day occurring during the preceding calendar quarter (the difference of (i) minus (ii) is referred to as the “Daily Unused Revolving Commitment”); provided, in no event shall the amount computed pursuant to clauses (i) and (ii) with respect to the Swing Lender be less than zero,
(iii) multiplied by the Applicable Margin for the Unused Revolving Commitment Fee for such day. Such fee shall be payable quarterly in arrears on the first day of each calendar quarter following the date hereof. The Unused Revolving Commitment Fee provided in this Section 2.9(b) shall accrue at all times from and after the execution and delivery of this Agreement.
Unused Revolving Commitment Fee. Borrower shall pay to the Revolving Lenders, in proportion with their Pro Rata Share a fee (the "Unused Revolving Commitment Fee") for the account of each Revolving Lender in an amount equal to the sum of, for each day: (i)(A) the daily balance of the Revolving Loan Commitment of such Revolving Lender for such day, less (B) the daily balance of all Revolving Loans held by such Revolving Lender for such day; multiplied by (ii) three tenths of one percent (0.30%) per annum. The total Unused Revolving Commitment Fee paid by Borrower will be equal to the sum of all of the fees due to the Revolving Lenders. The Unused Revolving Commitment Fee shall be payable monthly in arrears on the first day of each calendar month following the Closing Date and on the Final Maturity Date. The Unused Revolving Commitment Fee shall accrue at all times from and after the execution and delivery of this Agreement. For purposes of this Section 2.6(d), the Revolving Loan Commitment of any Non-Funding Lender shall be deemed to be zero.
Unused Revolving Commitment Fee. (i) Borrowers shall pay to Agent a fee (the “Unused Revolving Commitment Fee”) for the account of each Revolving Lender in an amount equal to
(1) the average daily balance of the Revolving Loan Commitment of such Revolving Lender during the preceding Fiscal Quarter, less
(2) the sum of (x) the average daily balance of all Revolving Loans held by such Revolving Lender plus (y) the average daily amount of Letter of Credit Obligations held by such Revolving Lender, in each case, during the preceding Fiscal Quarter;
(3) multiplied by one-half of one percent (0.50%) per annum. The total Unused Revolving Commitment Fee paid by Borrowers will be equal to the sum of all of the Unused Revolving Commitment Fees due to the Lenders, subject to Section 1.11(e)(vi). Such fee shall be payable quarterly in arrears on the last Business Day of each Fiscal Quarter following the date hereof. The Unused Revolving Commitment Fee provided in this Section 1.9(b) shall accrue at all times from and after the Closing Date.
Unused Revolving Commitment Fee. The Borrower shall pay to the Bank fees (the “Revolving Commitment Fees”) in an amount determined by applying a rate of 0.25% per annum to the average daily Unused Revolving Commitment during the period from and after the date hereof to and including the Revolving Loan Termination Date. Such Revolving Commitment Fees are payable in arrears on the dates on which interest is payable pursuant to Section 2.5.
Unused Revolving Commitment Fee. Borrower shall pay to Agent a fee (the “Unused Revolving Commitment Fee”) for the account of each Revolving Lender in an amount equal to: (i) the average daily balance of the Revolving Loan Commitment of such Revolving Lender during the preceding calendar month, less (ii) the average daily balance of all Revolving Loans held by such Revolving Lender; multiplied by (iii) three-quarters of one percent (0.750%) per annum. The total fee paid by Borrower will be equal to the sum of all of the fees due to the Revolving Lenders. Such fee shall be payable monthly in arrears on the first day of each calendar month following the Closing Date. The Unused Revolving Commitment Fee provided in this Section 2.6(c) shall accrue at all times from and after the execution and delivery of this Agreement. For purposes of this Section 2.6(c), the Revolving Loan Commitment of any Non-Funding Lender shall be deemed to be zero.
Unused Revolving Commitment Fee. Borrowers shall pay to Agent a fee (the “Unused Revolving Commitment Fee”) for the account of each Revolving Lender in an amount equal to
Unused Revolving Commitment Fee. (i) Accruing from the First Restatement Effective Date until the Maturity Date, the Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender according to its Pro Rata Share, a nonrefundable commitment fee (each a “Unused Revolving Commitment Fee”) at a rate per annum equal to 0.375% (computed on the basis of a year of 360 days, as the case may be, and actual days elapsed) multiplied by the average daily result of:
(A) the Revolving Commitments minus
(B) the Revolving Loans minus
(C) the Letter of Credit Obligations; provided however, with respect to the Unused Revolving Commitment Fee for the account of the Swing Line Lender, such fee shall be equal to a rate per annum equal to 0.375% (computed on the basis of a year of 360 days, as the case may be, and actual days elapsed) multiplied by the average daily difference between the Revolving Commitment and the Revolving Credit Facility Usage. Subject to clause (ii) below, all Unused Revolving Commitment Fees shall be payable in arrears on each Interest Payment Date.
(ii) Any Unused Revolving Commitment Fee accrued with respect to the corresponding Commitment of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender is a Defaulting Lender (except to the extent that such Unused Revolving Commitment Fee shall otherwise have been due and payable by the Borrower prior to such time); and no Unused Revolving Commitment Fee shall accrue with respect to a Defaulting Lender while such Lender is a Defaulting Lender.
Unused Revolving Commitment Fee. The Borrower shall pay to the Administrative Agent, for the account of each Revolving Credit Lender in accordance with its Revolving Commitment Percentage, an aggregate fee for all Revolving Credit Lenders (the “Unused Revolving Commitment Fee”) equal to the Applicable Unused Fee Rate per annum of the average daily balance of the Unused Revolving Commitment during each calendar quarter (or relevant portion of the calendar month (with respect to the first such payment being made after the Closing Date or the last such payment made on the Maturity Date)). The Unused Revolving Commitment Fee shall be payable quarterly in arrears, on the last day of each quarter after the Closing Date and on the Revolving Commitment Termination Date.
Unused Revolving Commitment Fee. The Borrower agrees to pay to the Lender an unused line fee at the rate of .15% per annum on the average daily Unused Amount from the date of this Agreement to and including the Maturity Date, due and payable quarterly in arrears on the last day of each calendar quarter and the Maturity Date. For the purposes of this Section 2.5, "Unused Amount" at any time means $15,000,000, less the average outstanding principal balance of the Revolving Loan for the quarter.
Unused Revolving Commitment Fee. From the Closing Date through the Revolving Loan Maturity Date, when the average quarterly (i) principal amount of outstanding Advances plus (ii) the Aggregate Effective Amount is less than Thirty Million Dollars ($30,000,000), Borrowers shall pay to the Administrative Agent, for the ratable accounts of the Lenders pro rata according to their Pro Rata Share of the Revolving Commitment, a commitment fee equal to the Applicable Commitment Fee Rate per annum times the average daily amount by which the Revolving Commitment exceeds (i) the aggregate daily principal amount of outstanding Advances plus (ii) the Aggregate Effective Amount. The commitment fee shall be payable quarterly in arrears as of each Quarterly Payment Date within fifteen (15) days after receipt by Borrower Representative of an invoice therefor from the Administrative Agent.
