Common use of Unused Revolving Line Facility Fee Clause in Contracts

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 4 contracts

Samples: Loan and Security Agreement (Endologix Inc /De/), Loan and Security Agreement (Rae Systems Inc), Loan and Security Agreement (Rae Systems Inc)

AutoNDA by SimpleDocs

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter one-half of one percent (0.250.50%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and;

Appears in 2 contracts

Samples: Loan and Security Agreement (NMS Communications Corp), Loan and Security Agreement (Sonic Foundry Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlymonthly, in arrears, on a calendar year basisthe last day of each month, in an amount equal to one one-quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the within Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 2 contracts

Samples: Loan and Security Agreement (Voxware Inc), Seventh Loan Modification Agreement (Voxware Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one one-quarter of one percent (0.25%) per annum of the average daily unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 2 contracts

Samples: Loan and Security Agreement (Enernoc Inc), Loan and Security Agreement (Enernoc Inc)

Unused Revolving Line Facility Fee. A fee (the "Unused Revolving Line Facility Fee"), payable which fee shall be paid quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) 0.50% per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement within Agreement, or the suspension or termination of Bank’s 's obligation to make loans and advances hereunder, including during any Streamline Period; and

Appears in 2 contracts

Samples: Loan and Security Agreement (Lantronix Inc), Loan and Security Agreement (Lantronix Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) .375% per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 2 contracts

Samples: Loan and Security Agreement (Sonic Innovations Inc), Loan and Security Agreement (Otix Global, Inc.)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlywhich fee shall be paid monthly on the last day of the month, in arrears, on a calendar year basis, in an amount equal to one quarter of one twenty-five hundredths percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement within Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and;

Appears in 2 contracts

Samples: Loan and Security Agreement (Amtech Systems Inc), Loan and Security Agreement (Amtech Systems Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlywhich fee shall be paid monthly, in arrears, on a calendar year basisthe last day of each month, in an amount equal to one quarter five-eighths of one one-percent (0.250.625%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement within Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and;” 6 The Loan Agreement shall be amended by deleting the following Section 2.4(g) thereof:

Appears in 1 contract

Samples: Sixth Loan Modification Agreement (Satcon Technology Corp)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlywhich fee shall be paid monthly, in arrears, on a calendar year basis, in an amount equal to one quarter thirty-five hundredths of one percent (0.250.35%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement within Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 1 contract

Samples: Loan and Security Agreement (Encision Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlymonthly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) % per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower Borrowers shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and;

Appears in 1 contract

Samples: Loan and Security Agreement (Advanced Photonix Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one three percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 1 contract

Samples: Loan and Security Agreement (Senetek PLC /Eng/)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one three-eighths percent (0.253/8%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthaxis Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) 0.375% per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 1 contract

Samples: Loan and Security Agreement (Global Med Technologies Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable which fee shall be paid quarterly, in arrears, on a calendar year basisthe last day of each quarter, in an amount equal to one quarter one-half of one percent (0.250.50%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement within Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 1 contract

Samples: Loan and Security Agreement (Medidata Solutions, Inc.)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent thirty-seven and one-half basis points (0.250.375%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 1 contract

Samples: Loan and Security Agreement (Radisys Corp)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one (i) one-quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 1 contract

Samples: Loan and Security Agreement (LOCAL.COM)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlywhich fee shall be paid monthly, in arrears, on a calendar year basisthe last day of each month, in an amount equal to one quarter of one one-half percent (0.250.50%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement within Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and;” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Sixth Loan Modification Agreement (Satcon Technology Corp)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlymonthly, in arrears, on a calendar year basisthe last day of each month, in an amount equal to one one-quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the within Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and;

Appears in 1 contract

Samples: Seventh Loan Modification Agreement (Voxware Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlymonthly, in arrears, on a calendar year basis, in an amount equal to thirty-five one quarter hundredth of one percent (0.250.35%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 1 contract

Samples: Loan and Security Agreement (Openwave Systems Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlymonthly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower Borrowers shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 1 contract

Samples: Loan and Security Agreement (Covad Communications Group Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter half of one percent (0.250.5%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 1 contract

Samples: Loan and Security Agreement (Datawatch Corp)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlywhich fee shall be paid monthly, in arrears, on a calendar year basisthe last Business Day of each month, in an amount equal to one quarter one-half of one percent (0.250.50%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement within Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 1 contract

Samples: Loan and Security Agreement (World Energy Solutions, Inc.)

AutoNDA by SimpleDocs

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlywhich fee shall be paid monthly, in arrears, on a calendar year basisthe last day of each month, in an amount equal to one quarter of one one-half percent (0.250.50%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement within Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and;

Appears in 1 contract

Samples: Loan and Security Agreement (Satcon Technology Corp)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlymonthly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) 0.375% per annum of the average unused portion of the Revolving LineLine credit facility including any unused portion of the credit facility relating to the Exim Agreement, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and;”

Appears in 1 contract

Samples: Loan and Security Agreement (Senorx Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable which fee shall be paid quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) 0.50% per annum of the average unused portion of the Revolving LineLine (less the outstanding principal balance of the Term Loan), as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement within Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 1 contract

Samples: Loan and Security Agreement (Isotis Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlywhich fee shall be paid monthly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) % per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder, including during any Streamline Period; and

Appears in 1 contract

Samples: Loan and Security Agreement (Iteris, Inc.)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlywhich fee shall be paid monthly, in arrears, on a calendar year basisthe last day of each month, in an amount equal to one quarter five-eighths of one one-percent (0.250.625%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement within Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and;” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Eighth Loan Modification Agreement (Satcon Technology Corp)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlywhich fee shall be paid monthly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) % per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement within Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder, including during any Streamline Period; and

Appears in 1 contract

Samples: Loan and Security Agreement (DecisionPoint Systems, Inc.)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterlymonthly, in arrears, on a calendar year basis, in an amount per annum equal to one quarter of one percent (0.25%) per annum the Unused Line Fee Percentage of the average unused portion of the Revolving Line, as reasonably determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Appears in 1 contract

Samples: Loan and Security Agreement (Axcelis Technologies Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) 0.375% per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and;

Appears in 1 contract

Samples: Loan and Security Agreement (U.S. Auto Parts Network, Inc.)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter three eighths of one percent (0.250.375%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder; andprovided that such Unused Revolving Line Facility Fee shall cease to accrue upon termination of this Agreement;

Appears in 1 contract

Samples: Loan and Security Agreement (Dot Hill Systems Corp)

Unused Revolving Line Facility Fee. A fee (the "Unused Revolving Line Facility Fee''), payable which fee shall be paid quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) 0.50% per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement within Agreement, or the suspension or termination of Bank’s 's obligation to make loans and advances hereunder, including during any Streamline Period; and

Appears in 1 contract

Samples: Loan and Security Agreement (Lantronix Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) 0.30% per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall exclude outstanding Letters of Credit. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and.”

Appears in 1 contract

Samples: Loan and Security Agreement (GOOD TECHNOLOGY Corp)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”)fee, payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) 0.375% per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee such fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement this Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder, including during any Streamline Period; and

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiovascular Systems Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, monthly on a calendar year basisthe last day of each month, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving LineLine (including drawn but unreimbursed Letters of Credit), as determined by Bank. Borrower Borrowers shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and;

Appears in 1 contract

Samples: Loan and Security Agreement (MEDecision, Inc.)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, which fee shall be paid quarterly in arrears, on a calendar year basisthe first day of each quarter, in an amount equal to one quarter one-half of one percent (0.250.50%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the Agreement within Agreement, or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and;

Appears in 1 contract

Samples: And Security Agreement (Stereotaxis, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!