Common use of Unused Revolving Line Facility Fee Clause in Contracts

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly in arrears, on the first day of each quarter, in an amount equal to one-half of one percent (0.50%) 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, under the Foreign Exchange Sublimit for FX Forward Contracts. 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 within Agreement, or suspension or termination of Bank’s obligation to make loans and advances hereunder;

Appears in 2 contracts

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

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Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount per annum equal to one-half of one percent (0.50%) per annum the Unused Line Fee Percentage of the average unused portion of the Revolving Line, as reasonably 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, provided and under the Foreign Exchange Sublimit for FX Forward Contracts. 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 within Agreement, or suspension or termination of Bank’s obligation to make loans and advances hereunder;; and

Appears in 2 contracts

Samples: Loan and Security Agreement (Axcelis Technologies Inc), Loan and Security Agreement (Axcelis Technologies Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable quarterly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half three eighths of one percent (0.500.375%) per annum of the average unused portion of the Revolving Line, as reasonably 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, provided and under the Foreign Exchange Sublimit for FX Forward Contracts. 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 within 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 (Bridgeline Software, Inc.)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to onethree-half tenths of one percent (0.500.30%) 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 include amounts reserved under the Cash Management Services Sublimit for products provided, provided and under the Foreign Exchange Sublimit for FX Forward ContractsContracts (as described in Section 2.1.3). 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 within Agreement, or suspension or termination of Bank’s obligation to make loans and advances hereunder;; and

Appears in 1 contract

Samples: Loan and Security Agreement (Caliper Life Sciences Inc)

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Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid payable quarterly , in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half one quarter of one percent (0.500.25%) per annum of the average unused portion of the Revolving LineLine during such quarter, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall include average amounts reserved under the Cash Management Services Sublimit for products provided, provided and under the Foreign Exchange Sublimit for FX Forward ContractsContracts during such quarter. 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 within 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 (Network Engines Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable quarterly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to onethree-half of one eighths percent (0.50%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, provided and under the Foreign Exchange Sublimit for FX Forward Contracts. 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 within Agreement, Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder;

Appears in 1 contract

Samples: Loan and Security Agreement (Jive Software, Inc.)

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