Non-Use Fee. For the period beginning on the Closing Date and ending on the Termination Date, the Borrower agrees to pay to the Agent, for the pro rata benefit of the Lenders based on their Applicable Revolving Commitment Percentages, a Non-Use Fee equal to the Applicable Non-Use Fee Percentage multiplied by the sum of the average daily amount by which the aggregate Revolving Loan Commitments (as reduced from time to time pursuant to Section 2.07) exceed the sum of outstanding Revolving Loans and Swingline Loans plus Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each March, June, September and December commencing March 31, 2008 to and including the Termination Date.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (QC Holdings, Inc.)
Non-Use Fee. For the period beginning on the Closing Date and ending on the Termination Date, the Borrower agrees to pay to the Agent, for the pro rata benefit of the Lenders based on their Applicable Revolving Commitment Percentages, a Non-Use Fee equal to the Applicable Non-Use Fee Percentage multiplied by the sum of the average daily amount by which the aggregate Revolving Loan Commitments (as reduced from time to time pursuant to Section 2.07) exceed the sum of outstanding Revolving Loans and Swingline Loans plus Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each March, June, September and December commencing March 31September 30, 2008 2014 to and including the Termination Date.
Appears in 1 contract
Samples: Credit Agreement (QC Holdings, Inc.)
Non-Use Fee. For the period beginning on the Closing Date and ending on the Termination Date, the Borrower agrees to pay to the Agent, for the pro rata benefit of the Lenders based on their Applicable Revolving Commitment Percentages, a Non-Use Fee equal to the Applicable Non-Use Fee Percentage multiplied by the sum of the average daily amount by which the aggregate Revolving Loan Commitments (as reduced from time to time pursuant to Section 2.07) exceed the sum of outstanding Revolving Loans and Swingline Loans plus Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each March, June, September and December commencing March December 31, 2008 2011 to and including the Termination Date.
Appears in 1 contract
Samples: Credit Agreement (QC Holdings, Inc.)