Common use of Letter of Credit Outstandings Clause in Contracts

Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each March, June, September and December commencing June 30, 1998 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 2 contracts

Samples: Credit Agreement (Unicapital Corp), Credit Agreement (Sheridan Healthcare Inc)

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Letter of Credit Outstandings. Such fees fee shall be due in arrears on the last Business Day of each March, June, September and December commencing June 30March 31, 1998 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to accrue or receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 2 contracts

Samples: Credit Agreement (Coca Cola Bottling Group Southwest Inc), Credit Agreement (Texas Bottling Group Inc)

Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each MarchSeptember, JuneDecember, September March and December June commencing June March 30, 1998 2001 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender receive, and the Borrower shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.not be

Appears in 1 contract

Samples: Credit Agreement (Uti Corp)

Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each March, June, September and December commencing June 30December 31, 1998 1999 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (P F Changs China Bistro Inc)

Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each June, September, December and March, Junecommencing on December 31, September and December commencing June 30, 1998 2002 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (P F Changs China Bistro Inc)

Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each March, June, September and December commencing June 30March 31, 1998 1997 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Sheridan Healthcare Inc)

Letter of Credit Outstandings. Such payments of fees provided for in this Section shall be due in arrears on the last Business Day of each March, June, September and December commencing beginning June 30, 1998 1999 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Revolving Credit Agreement (Acsys Inc)

Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each March, ,June, September and December commencing June 30, 1998 December 31,1997 to and on the Revolving Credit Termination DateDate (but excluding such day for the purpose of computing such fee). Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Breed Technologies Inc)

Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each MarchSeptember, JuneDecember, September March and December June commencing June 30, 1998 2000 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive receive, and the Borrower shall not be required to make, payment of its the pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Uti Corp)

Letter of Credit Outstandings. Such payments of fees provided for in this Section shall be due in arrears on the last Business Day of each March, June, September and December commencing beginning June 30, 1998 1997 to and on the Revolving Credit Termination Date. Notwithstanding Date (or such earlier date on which the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portionFacility has terminated). Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Accustaff Inc)

Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each March, June, September and December December, commencing June March 31, 2000 until the Eighth Amendment Closing Date, and then monthly in arrears on the last Business Day of each month, commencing November 30, 1998 2001, to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Cone Mills Corp)

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Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each March, June, September and December commencing June 30March 31, 1998 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Sykes Healthplan Services Inc)

Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each MarchNovember, JuneFebruary, September May and December August, commencing June November 30, 1998 1999 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requestedrequired to do so in accordance with the terms hereof, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Omnova Solutions Inc)

Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each March, June, September and December commencing June 30December 31, 1998 1999 to and on the Revolving Credit Five Year Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Five Year Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Health Management Associates Inc)

Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each March, June, September and December December, commencing June 30March 31, 1998 2000 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Cone Mills Corp)

Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each March, June, September and December December, commencing June September 30, 1998 1997 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Berlitz International Inc)

Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each MarchSeptember, JuneDecember, September March and June commencing December commencing June 3031, 1998 1996 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Windmere Durable Holdings Inc)

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