Minimum Usage Fee Sample Clauses

Minimum Usage Fee. Borrowers jointly and severally agree to pay to Lender a minimum usage fee for the period from the date hereof through the Termination Date calculated as provided in Section 3.2(e) of Schedule A hereto. Such usage fee shall be payable monthly in arrears on the last day of each calendar month until the Termination Date and on the Termination Date. The parties hereto agree that such usage fee, together with the other fees assessed hereunder, constitutes reasonable consideration for Lenders taking appropriate actions to be able to make available to Borrowers the Loans for such period.

Minimum Usage Fee. The Lender shall have received the Minimum Usage Fee, if any.

Minimum Usage Fee. The fee payable under this SECTION 2.4.4 shall only apply in ------------- the event that the Loan amount outstanding shall, at any time, be less than the Deemed Minimum Loan Amount. Accruing from the Closing Date until the Revolving Credit Note Expiration Date, Borrower agrees to pay to Lender, as further consideration for Lender's commitment hereunder, a nonrefundable minimum usage fee (the "Minimum Usage Fee") equal to the product obtained by (i) an assumed ----------------- Base Rate Borrowing Tranche in an amount equal to the Deemed Minimum Loan Amount times (ii) the lowest G-Fee shown on SCHEDULE 3.2 or SCHEDULE 3.2(A), whichever ------------ -------------- is currently applicable, provided that the Minimum Usage Fee shall be due and payable only if, and to the extent that, the foregoing calculation results in an amount which is greater than the sum of the G-Fee Amounts actually paid by Borrower on all Borrowing Tranches outstanding during the same computation period. The Minimum Usage Fee, if applicable, shall be computed for each calendar year, or part thereof, during the term of the Revolving Credit Note and shall be payable, if at all, annually in arrears on the Payment Date scheduled for January of each year of the term of the Revolving Credit Note, provided that any Minimum Usage Fee due in the year in which the Revolving Credit Note Expiration Date falls shall be due and payable on the Revolving Credit Note Expiration Date. Minimum Usage Fee payments which cover a period of less than one (1) calendar year shall be prorated based on the actual number of days elapsed. Any accrued but unpaid Minimum Usage Fees shall also be payable on the Revolving Credit Note Expiration Date.

Minimum Usage Fee. If , as tested on the first Business Day of any month, the average principal balance of the Loans outstanding hereunder ("Average Usage") during the immediately preceding calendar month shall be an amount less than $120,000,000, the Borrower hereby agrees to pay to the Agent, for the account of the Lenders, a minimum usage fee ("Minimum Usage Fee"), computed at the rate of 80 basis points (.80%) per annum on the amount equal to the difference between the Maximum Credit and the Average Usage, in each case payable monthly in arrears on the first Business Day of the following month and on the Termination Date, such payment to be made in dollars in immediately available funds, without deduction, set-off or counterclaim, to the Agent at the account set forth in Section 3.01(a) hereof.

Minimum Usage Fee. Unless waived by Company in its sole discretion, We require a minimum fee of Fifty dollars ($50.00 USD) per Author per month for Our Services (the “Minimum-Usage Fee”). Accordingly, on the last day of the month, each Account Author shall be billed the greater of the Minimum-Usage Fee or the total amount due based on the selected Account Plan defined below. For the avoidance of doubt, even if an additional Author subaccount is added to an Account after the 1st day of the month, that Author’s $50.00 Minimum-Usage Fee shall not be pro-rated.

Minimum Usage Fee. The average annual outstanding borrowings under the Revolving Credit Note must equal or exceed the Deemed Minimum Loan Amount in order for the Borrower to avoid paying any Minimum Usage Fee under this Section 2.4.

Minimum Usage Fee. Upon the occurrence of the Acquisition Event and for a period of eighteen (18) consecutive months thereafter, for any month in which the average outstanding principal amount under the Revolving Line is less than Eight Million Dollars ($8,000,000.00), a fee (the “Minimum Usage Fee”), payable monthly, in arrears, in an amount equal to the effective rate of interest set forth in Section 2.3(a) multiplied by the difference between (x) Eight Million Dollars ($8,000,000.00), and (y) the average outstanding principal amount of the Revolving Line during such month. Borrower shall not be entitled to any credit, rebate or repayment of any Minimum Usage Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

Minimum Usage Fee. Accruing from the Closing Date until the Expiration Date, Borrower agrees to pay to Lender, to the extent the Deemed Minimum Loan Amount exceeds the actual average annual Loan amount outstanding during the applicable computation period, as further consideration for Lender's commitment hereunder, a nonrefundable minimum usage fee (the "Minimum Usage Fee") equal to the product obtained by multiplying (i) such excess times (ii) the lowest G-Fee plus the Servicing Fee. The Minimum Usage Fee shall be computed for each calendar year, or part thereof, during the term of this Agreement and shall be payable, if at all, in arrears on the Payment Date scheduled for January of each year of the term hereof, provided that any Minimum Usage Fee due in the year in which the Expiration Date falls shall be due and payable on the Expiration Date. Upon termination or acceleration of the Loan as provided herein, Borrower shall pay the liquidated Minimum Usage Fee computed in accordance with Section 2.14.

Minimum Usage Fee. Until the Loans have been paid in full and this Agreement is terminated, Borrower agrees to pay to Lender, on the first day of each calendar month and on the Termination Date, a minimum usage fee in an amount equal to the difference between: (i) the calculated monthly interest accruing for Revolving Loans had the average daily outstanding amount of such Revolving Loans during the immediately preceding month (or shorter period if calculated on the Termination Date or first monthly measurement date) been equal to $2,000,000; and (ii) the sum of the actual monthly interest accrued for Revolving Loans for the immediately preceding month (or shorter period if calculated on the Termination Date or first monthly measurement date). Such fee shall be computed on the basis of a 360-day year for the actual number of days elapsed. All payments on the Revolving Loans received by Lender shall be deemed to be credited to such Revolving Loans immediately upon receipt for purposes of calculating the amount payable hereunder.