Common use of Unused Revolving Line Facility Fee Clause in Contracts

Unused Revolving Line Facility Fee. Commencing on the first day of the calendar quarter occurring after the Effective Date, and on the first day of each calendar quarter occurring thereafter prior to the Revolving Line Maturity Date, and on the Revolving Line Maturity Date, a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to three-quarters percent (0.75%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar year basis and shall equal the difference between (i) the Revolving Line, and (ii) the average for the period of the daily closing balance of the Revolving Line outstanding; and

Appears in 1 contract

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

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Unused Revolving Line Facility Fee. Commencing on the first day of the calendar quarter occurring after the Effective Date, and Payable quarterly in arrears on the first day of each calendar quarter occurring thereafter prior to the Revolving Line Maturity Date, and on the Revolving Line Maturity Date, a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to three-quarters fifteen hundredths of one percent (0.750.15%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar year basis and shall equal the difference between (i) the Revolving Line, Line and (ii) the average for the period of the daily closing balance of the Revolving Line outstanding; and

Appears in 1 contract

Samples: Third Loan and Security Modification Agreement (Quantum Fuel Systems Technologies Worldwide, Inc.)

Unused Revolving Line Facility Fee. Commencing Payable quarterly in arrears on the first day of the calendar quarter occurring after the Effective DateJanuary 1, and 2017, on the first day of each calendar quarter occurring thereafter prior to the Revolving Line Maturity Date, and on the Revolving Line Maturity Date, a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to three-quarters four tenths of one percent (0.750.40%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar year quarter basis and shall equal the difference between (i) the Revolving Line, and (ii) the average for the period of the daily closing balance of the Revolving Line outstandingoutstanding plus the sum of the aggregate amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit); and

Appears in 1 contract

Samples: Loan and Security Agreement (A10 Networks, Inc.)

Unused Revolving Line Facility Fee. Commencing Payable quarterly in arrears on the first day of the calendar quarter occurring after the Effective Date, and on the first last day of each calendar quarter occurring thereafter prior to the Revolving Line Maturity Date, and on the Revolving Line Maturity Date, a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to threetwo-quarters tenths of one percent (0.750.20%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar year basis and shall equal the difference between (i) the Revolving Line, and (ii) the average for the period of the daily closing balance of the Revolving Line outstanding; and

Appears in 1 contract

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

Unused Revolving Line Facility Fee. Commencing Payable quarterly in arrears on the first day of the calendar quarter occurring after the Effective DateJanuary 1, and 2015, on the first day of each calendar quarter occurring thereafter prior to the Revolving Line Maturity Date, and on the Revolving Line Maturity Date, a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to threeone-quarters fifth of one percent (0.750.20%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar year basis and shall equal the difference between (i) the Revolving LineLine (as it may be reduced from time to time), and (ii) the average for the period of the daily closing balance of the Revolving Line outstanding; and;

Appears in 1 contract

Samples: Loan and Security Agreement (Millennial Media Inc.)

Unused Revolving Line Facility Fee. Commencing Payable quarterly in arrears on the first day of the calendar quarter occurring after the Effective Date, and on the first (1st) day of each calendar quarter occurring thereafter prior to the Revolving Line Maturity Date, and on the Revolving Line Maturity Date, a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to threeone-quarters quarter of one percent (0.750.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar year basis and shall equal the difference between (i) the Revolving Line, and (ii) the average for the period of the daily closing balance of the Revolving Line outstanding; and

Appears in 1 contract

Samples: Loan and Security Agreement (Digital Turbine, Inc.)

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Unused Revolving Line Facility Fee. Commencing Payable quarterly in arrears on the first day of the calendar quarter occurring after the Effective DateJanuary 1, and 2017, on the first day of each calendar quarter occurring thereafter prior to the Revolving Line Maturity Date, and on the Revolving Line Maturity Date, a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to three-quarters three tenths of one percent (0.750.30%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar year quarter basis and shall equal the difference between (i) the Revolving Line, and (ii) the average for the period of the daily closing balance of the Revolving Line outstandingoutstanding plus the sum of the aggregate amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit); and

Appears in 1 contract

Samples: Loan and Security Agreement (A10 Networks, Inc.)

Unused Revolving Line Facility Fee. Commencing Payable quarterly in arrears, commencing on the first day of the calendar quarter occurring after the Effective DateAugust 1, and 2013 on the first day of each calendar quarter Fiscal Quarter occurring thereafter prior to the Revolving Line Maturity Date, and on the Revolving Line Maturity Date, a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to threeone-quarters quarter of one percent (0.750.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar year basis and shall equal the difference between (i) the Revolving Line, and (ii) the average for the period of the daily closing balance of the Revolving Line outstanding; and

Appears in 1 contract

Samples: Loan and Security Agreement (Ari Network Services Inc /Wi)

Unused Revolving Line Facility Fee. Commencing Payable quarterly in arrears on the first day of the calendar quarter occurring after the Effective DateJune 1, and 2017, on the first day of each calendar quarter occurring thereafter prior to the Revolving Line Maturity Date, and on the Revolving Line Maturity Date, a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to threeone-quarters quarter of one percent (0.750.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar year basis and shall equal the difference between (i) the Revolving Line, and (ii) the average for the period of the daily closing balance of the Revolving Line outstanding; and

Appears in 1 contract

Samples: Loan and Security Agreement (Tenable Holdings, Inc.)

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