Unused Portion Fee definition

Unused Portion Fee means the fee required by Section 2.9.1.

Unused Portion Fee has the meaning specified in Section 3.7(a) of this Agreement.

Unused Portion Fee shall have the meaning given in Section 2.10.

Examples of Unused Portion Fee in a sentence

• The final fee payment shall be due on the Maturity Date for any period then ending for which the Unused Portion Fee shall not have been theretofore paid.

• In the event the Revolving Commitment terminates on any date prior to the end of any such quarterly period, Borrower shall pay to Banks, on the date of such termination, the prorated portion of the total Unused Portion Fee due for such of the period in which such termination occurs.

• The Unused Portion Fee shall be due and payable in arrears on the Fee Payment Date to which such Unused Portion Fee relates and on the Maturity Date, and shall be calculated on the basis of a 360 day year and the actual days elapsed.

• In consideration of the Revolving Commitment, Borrower shall pay to Agent, for the ratable benefit of Banks, an Unused Portion Fee (hereinafter referred to as the "Unused Portion Fee") equivalent to one-quarter of one percent (1/4%) per annum of the differential between the average Elected Borrowing Limit and the Total Outstandings for the preceding three months.

• All fees and charges imposed on Borrower pursuant to this Agreement including, without limitation, the Unused Portion Fee accrued through the date of termination, shall be nonrefundable to Borrower, notwithstanding any prepayment and termination by Borrower of this Agreement.

More Definitions of Unused Portion Fee

Unused Portion Fee. The Borrower shall pay to Silicon a fee (collectively, the "Unused Line Fees" and individually, a "Unused Line Fee") in an amount equal to one half of one percent (0.50%) per annum of the average daily unused and undisbursed portion of the Maximum Credit Limit accruing during each month. The accrued and unpaid portion of the Unused Line Fee shall be paid by the Borrower to Silicon on the last day of each month, commencing on the first such date following the date hereof, and on the Maturity Date.

Unused Portion Fee. The Borrower shall pay to Silicon a fee (collectively, the "Unused Line Fees" and individually, a "Unused Line Fee") in an amount equal to one quarter of one percent (0.25%) per annum of the average daily unused and undisbursed portion of the Maximum Credit Limit accruing during each month. The accrued and unpaid portion of the Unused Line Fee shall be paid by the Borrower to Silicon on the last day of each month, commencing on the first such date following the date hereof, and ending on the Maturity Date. EXHIBIT 10.9 - LOAN AND SECURITY AGREEMENT BETWEEN XXXX SYSTEMS, INC. AND SILICON VALLEY BANK

Unused Portion Fee shall have the meaning assigned to such term in Paragraph 5.10 below.

Unused Portion Fee is used herein as defined in Section 8(a) hereof. (hhh) VENDOR FINANCINGS - Non-recourse vendor financings by CWE or its Subsidiaries for services, equipment or materials on other than customary trade payable terms.

Unused Portion Fee has the meaning specified in Section 3.7(a) of this Agreement. "Year 2000 Compliant" has the meaning specified in Section 5.13 of this Agreement. "Year 2000 Problem" has the meaning specified in Section 5.13 of this Agreement.

Unused Portion Fee means the amount payable by the Borrower to ------------------- the Bank from the date hereof to the Termination Date, computed at a rate equal to one-eighth of one percent (1/8%) per annum on the average daily amount of the unused portion of the $2,500,000 Revolving Line payable quarterly on the first day of each April, July, October and January and on the Termination Date or such earlier date as the $2,500,000 Revolving Commitment shall terminate as provided herein, commencing October 1, 1997.

Unused Portion Fee. The Borrower shall pay to Silicon a fee (collectively, the "Unused Line Fees" and individually, a "Unused Line Fee") in an amount equal to one quarter of one percent (0.25%) per annum of the average daily unused and undisbursed portion of the Credit Limit accruing during each month. Amounts outstanding under the Equipment Term Loans from and after the Debt Service Coverage Change Date shall not be included in the calculation of the Unused Line Fee. The accrued and unpaid portion of the Unused Line Fee shall be paid by the Borrower to Silicon on the last day of each month. SILICON VALLEY BANK AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT -------------------------------------------------------------------------------- commencing on the first such date following the date hereof, and on the Maturity Date. Equipment Term Loan Fee: $5,000 payable on the date of this Agreement, and $5,000 payable on the Debt Service Coverage Change Date. -------------------------------------------------------------------------------- 4. REPAYMENT OF EQUIPMENT TERM LOANS (Section 1.9): Borrower may request Equipment Term Loans from the date of this Agreement through June 30, 2004 (the "Equipment Availability End Date"), and subject to the limitations on Revolving Loans set forth herein, Silicon will make Equipment Term Loans not exceeding the One Million Dollars ($1,000,000). To obtain an Equipment Term Loan, Borrower will deliver to Silicon copies of invoices for the Equipment being financed, and such additional information as Bank may request at least five (5) Business Days before the proposed funding date. The Equipment Term Loans may only be used to finance or refinance Equipment purchased ninety (90) days before the date of each Equipment Term Loan (the "Funding Date") and may not exceed one hundred percent (100%) of the equipment invoice. Up to twenty five percent (25%) of the Equipment Term Loans may be used to finance transferable software licenses, leasehold improvements, or other soft costs, including taxes, shipping, warranty charges, freight discounts and installation expense. Each Equipment Term Loan must be for a minimum of One Hundred Thousand Dollars ($100,000) and the maximum number of Equipment Term Loans is six (6). Interest accrues from the Funding Date of each Equipment Term Loan at the rate set forth in Section 2 of this Schedule and is payable monthly. Equipment Term Loans are payable in thirty (30) equal monthly installments of principal, plus accrued in...