Line of Credit Fee shall: (a) mean the fee due the Agent for the benefit of the Lenders at the end of each month for the Line of Credit, and (b) be determined by multiplying (i) the difference between the Line of Credit and the sum of (x) the average daily balance of Revolving Loans of all Companies plus (y) the average daily undrawn balance of all Letters of Credit for said month, by (ii) three-eighths of one percent (0.375%) per annum for the number of days in said month.

Line of Credit Fee shall: i) mean the fee due CITBC at the end of each month for the Line of Credit, and ii) be determined by multiplying the difference between the Line of Credit, and the average daily Revolving Loans and outstanding Letters of Credit of the Company for said month by one-quarter of one percent (1/4 of 1%) per annum for the number of days in said month during which this Financing Agreement was in effect.

Line of Credit Fee shall: (a) mean the fee payable to the Agent, for the ratable benefit of the Lenders, due on the last Business Day of each month for the Line of Credit, and (b) be determined by multiplying the difference between (i) the sum of the Line of Credit and (ii) the sum, for such month, of (x) the average daily balance of Revolving Loans, plus (y) the average daily undrawn balance of Letters of Credit, by 0.25% for the number of days in such month.

Examples of Line of Credit Fee in a sentence

Mr. Russo stated that all Board training should be completed by June 1, 2021.
On the last day of each month, commencing on the last day of the month in which the Closing Date occurs, the Companies agree to pay to the Agent, for the ratable benefit of the Lenders, the Line of Credit Fee, and, for any month in which any Revolving Loans are outstanding, interest at the rate set forth in Section 8.1 (or Section 8.2, if applicable) hereof on the Collection Days for the month then ended.
On the first day of each month, commencing on July 1, 2006, (a) the Companies agree to pay to CIT the Revolving Line of Credit Fee, and (b) CIT shall charge the Companies for interest at the rate set forth in Section 8.1 (or Section 8.2, if applicable) hereof on the Collection Days for the immediately preceding month.
If the Administrative Agent and Bank of America, in its capacity as an Issuing Lender of Financial Letters of Credit, each consent to issuance of Financial Letters of Credit in such requested currency, the Administrative Agent shall so notify the U.S. Borrower and, thereafter, such currency shall thereupon be deemed for all purposes to be an Alternative Currency for purposes of the issuance of Financial Letters of Credit.
Upon the last Business Day of each month, commencing with the month of July, 2000, the Borrower shall pay to the Agent the Line of Credit Fee, which shall be calculated based on a 360-day year.

More Definitions of Line of Credit Fee

Line of Credit Fee shall: (a) mean the fee due the Agent at the end of each month on the Line of Credit (based on $60,000,000), and (b) be determined by multiplying the difference between (i) the Revolving Line of Credit, and (ii) the sum, for said month, of (x) the average daily balance of Revolving Loans plus (y) the average daily balance of Letters of Credit outstanding for said month, by the per annum percentage under the column entitled “Line of Credit Fee” set forth in the pricing matrix in Section 8.20 for the number of days in said month.”

Line of Credit Fee means, for any month, the product obtained by multiplying (a) (i) the Revolving Line of Credit plus the Letter of Credit Line determined as of the close of business on the first day of such month, minus (ii) the average daily principal balance of Revolving Loans and the average daily amount of Letter of Credit Obligations outstanding during such month, times (b) one-half of one percent (0.5%) per annum for the number of days in said month.

Line of Credit Fee means, for any month, the product obtained by multiplying (a) (i) the amount of the Revolving Line of Credit minus (ii) the average daily principal balance of Revolving Loans and the average daily undrawn amount of Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases outstanding during such month, times (b) one-quarter of one percent (0.25%) per annum for the number of days in said month; provided, however, that the Line of Credit Fee during any one year period commencing on the Closing Date and ending on the day before each anniversary thereof shall not exceed $95,000.

Line of Credit Fee shall: (a) mean the fee payable to the Agent, for the ratable benefit of the Lenders, due on the last Business Day of each month for the Line of Credit, and (b) be determined by multiplying (1) the difference between (i) the aggregate committed amounts of the Line of Credit and the Acquisition Term Loan Line of Credit and (ii) the sum, for such month, of (x) the average daily outstanding principal balance of all Revolving Loans, plus (y) the average daily undrawn balance of Letters of Credit, plus (z) the average daily outstanding principal balance of all Term Loans, by (2) one-quarter of one percent (0.25%) for the number of days in such month.

Line of Credit Fee shall: (a) mean the fee due CIT at the end of each month for the Line of Credit, and (b) be determined by multiplying the difference between (i) the Revolving Line of Credit and (ii) the sum, for said month, of (x) the average daily balance of Revolving Loans plus (y) the average daily balance of Letters of Credit outstanding for said month, by one-half of one percent (0.5%) per annum for the number of days in said month. Loan Documents shall mean this Financing Agreement, the Promissory Note, the mortgages and/or deeds of trust, the other closing documents and any other ancillary loan and security agreements executed from time to time in connection with this Financing Agreement, all as may be renewed, amended, extended, increased or supplemented from time to time.

Line of Credit Fee shall have the meaning assigned to it in Section 2.07 hereof.

Line of Credit Fee shall have the meaning assigned to it in Section ------------------ ------- 1.7(b). ------