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-fifth of one percent (0.20%) per annum of the unused portion of the Revolving Line. The unused

Appears in 2 contracts

Samples: Loan Modification Agreement (Tremor Video Inc.), Loan Modification Agreement (Tremor Video Inc.)

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Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrearsarrears and fully-earned, on a calendar year basis, in an amount equal to one-fifth of one percent (0.20%) 0.15% per annum of the average unused portion of the Revolving Line. The unused, 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.)

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-fifth one quarter of one percent (0.200.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank, charged quarterly in arrears. The unusedunused 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 (Hipcricket, 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-fifth the Unused Revolving Line Facility Fee Amount, calculated by Bank in accordance with the terms of one percent (0.20%) per annum of the unused portion of the Revolving Line. The unusedthis 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”)fee, payable quarterlyquarterly to Bank, in arrears, on a calendar year basis, in an amount equal to one-fifth of one percent (0.20%) 0.50% per annum of the average unused portion of the Revolving Line. The unused, 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.)

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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-fifth of one percent (0.20%) 0.35% per annum of the average unused portion of the Revolving Line, as determined by Bank. The unusedunused 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: First Loan Modification Agreement (Finisar 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-fifth of one percent (0.20%) per annum of the unused portion of the Revolving Line. The unusedto

Appears in 1 contract

Samples: Loan and Security Agreement (Motricity 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-fifth one half of one percent (0.200.50%) 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 unusedunused 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.)

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