Common use of Non-Use Fee Clause in Contracts

Non-Use Fee. Borrowers shall pay Bank a Non-Use Fee, quarterly in arrears on the last day of each fiscal quarter, equal to the Applicable Rate per annum on the average daily unused amount of the Line of Credit for each fiscal quarter calculated on the basis of a year of 360 days for the actual number of days elapsed.

Non-Use Fee. Borrowers shall The Borrower will pay the Bank a "Non-Use Fee, quarterly in arrears on " calculated at the last day rate of each fiscal quarter, equal to the Applicable Rate one half of one percent (0.5%) per annum on the average daily unused unborrowed amount of the Line of Credit for each fiscal quarter calculated Revolving Commitment, payable monthly in arrears on the basis first day of each month beginning on December 1, 1996, with final payment being due and payable on the Maturity Date. The calculation of the "Non-Use Fee" will be based upon a year consisting of 360 days and for the actual number of days elapsed.

Non-Use Fee. Borrowers The Borrower shall pay the Bank a non-use fee ("Non-Use Fee, quarterly ") calculated at the rate of three-eighths of one percent (0.375%) per annum on the daily average unused portion of the Revolving Credit Commitment. The Non-Use Fee shall be due and payable in arrears on the last day of each fiscal quarter, equal to the Applicable Rate per annum on the average daily unused amount of the Line of Credit for each fiscal calendar quarter calculated on the basis of a year of 360 days for the actual number of days elapsedhereafter.