Common use of Usage Fee Clause in Contracts

Usage Fee. Borrower shall pay hereafter on September 30, 1997 and on the last day of each December, March, June, and September for the period from and including the date the Line was established to and including the maturity date of the Line, a usage fee at a rate per annum of one-fourth of one percent (1/4%) of the average daily portion of the Line during such period. Borrower may at any time upon written notice to Bank permanently reduce the unused amount of the Line at which time the obligation of Borrower to pay a usage fee shall thereupon correspondingly be reduced.

Usage Fee. Borrower shall pay hereafter on September 30, 1997 and on the last day of each December, March, June, and September for the period from and including the date the Line was established to and including the maturity date of the Line, a usage fee at a rate per annum of one-fourth eighth of one percent (1/41/8%) of the average daily unused portion of the Line during such period. Borrower may at any time upon written notice to Bank permanently reduce the unused amount of the Line at which time the obligation of Borrower to pay a usage fee shall thereupon correspondingly be reduced.RENEWAL, EXTENSION, AND FIRST AMENDMENT TO LOAN AGREEMENT

Usage Fee. Borrower shall will pay hereafter on September June 30, 1997 1998 and on the last day of each December, March, June, and September quarter for the period from and including the date the Line was established to and including the maturity date of the Line, a usage fee at a rate per annum of one-fourth of one percent (1/4%) 0.25% of the average daily unused portion of the Line during such period. Borrower may at any time upon written notice to Bank permanently reduce the unused amount of the Line at which time the obligation of Borrower to pay a usage fee shall thereupon correspondingly be reduced.

Usage Fee. Borrower shall will pay hereafter on September 30, 1997 1994 and on the last day of each December, March, June, and September month for the period from and including the closing date the Line was established to and including the maturity date of the LineApril 2, 1997, a usage fee at a rate per annum of one-fourth 25% of one percent (1/4%) 1% of the average daily unused portion of the Line during such period. Borrower may will pay hereafter on May 2, 1997 and on the same day of each successive month through and including May 2, 1998 a usage fee at any time upon written notice to Bank permanently reduce a rate per annum of 3/8ths of 1% of the average daily unused amount portion of the Line at which time the obligation of Borrower to pay a usage fee shall thereupon correspondingly be reducedduring such period.