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 monthly, in arrears, on a calendar year basis, in an amount equal to

Appears in 1 contract

Samples: Loan and Security Agreement (Motricity Inc)

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Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid monthlypayable quarterly, in arrears, on a calendar year basis, in an amount equal toto the Unused Revolving Line Facility Fee Amount, calculated by Bank in accordance with the terms of this Agreement;

Appears in 1 contract

Samples: Loan and Security Agreement (Numerex Corp /Pa/)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”)) in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, which fee as determined by Bank, charged quarterly in arrears. The unused portion of the Revolving Line, for purposes of this calculation, shall be paid monthly, in arrears, calculated on a calendar year basisbasis and shall equal the difference between (i) the Revolving Line, in an amount equal toand (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 (Hipcricket, Inc.)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid payable monthly, in arrears, on a calendar year basis, in an amount equal toto one half of one percent (0.50%) per annum of the average unused portion of the Revolving Line, as determined by Administrative Agent, for the ratable benefit of the Lenders according to their Revolving Commitment Percentages. The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under Section 2.1.4

Appears in 1 contract

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

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”)fee, which fee shall be paid monthlypayable quarterly to Bank, in arrears, on a calendar year basis, in an amount equal toto 0.50% per annum of the average unused portion of the Revolving Line, as determined by Bank, at any time that the principal balance of the outstanding Advances is less than fifty percent (50%) of the Revolving Line; and

Appears in 1 contract

Samples: Loan and Security Agreement (Angie's List, Inc.)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid monthlypayable quarterly, in arrearsarrears and fully-earned, on a calendar year basis, in an amount equal toto 0.15% per annum of the average unused portion of the Revolving Line, as determined by Bank, if the Revolving Line principal outstanding was zero on any day during the preceding quarter;

Appears in 1 contract

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

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Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid monthlypayable quarterly, in arrears, on a calendar year basis, in an amount equal toto 0.35% 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 Section 2.1.4 for products provided and under Section 2.1.3

Appears in 1 contract

Samples: Loan Modification Agreement (Finisar Corp)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid monthlypayable quarterly, in arrears, on a calendar year basis, in an amount equal toto three hundred seventy five basis points (0.375%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The utilized portion of the Revolving Line, for the purposes of this calculation, shall not include amounts utilized or reserved under Sections 2.1.1, 2.1.3, or 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Drugstore Com Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid payable monthly, in arrears, on a calendar year basis, in an amount equal toto one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank in its reasonable good faith business judgment. The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved for products provided in connection with Cash Management Services and FX Forward Contracts, in accordance with Sections 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Overland Storage Inc)

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