Common use of Non-Utilization Fee Clause in Contracts

Non-Utilization Fee. The Borrower agrees to pay to the Bank a non-utilization fee equal to one-quarter of one percent (0.25%) of the total of (a) the Revolving Loan Commitment, minus (b) the sum of (i) the daily average of the aggregate principal amount of all Revolving Loans outstanding, plus (ii) the daily average of the aggregate amount of the Letter of Credit Obligations, which non- utilization fee shall be (A) calculated on the basis of a year consisting of 360 days, (B) paid for the actual number of days elapsed, and (C) payable monthly in arrears on the last day of each month, commencing on September 30, 2006, and on the Revolving Loan Maturity Date.

Appears in 3 contracts

Samples: Loan and Security Agreement (US BioEnergy CORP), Loan and Security Agreement (US BioEnergy CORP), Loan and Security Agreement (CHS Inc)

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Non-Utilization Fee. The Borrower agrees to pay to the Bank a non-utilization fee equal to one-quarter one half of one percent (0.250.50%) of the total of (a) the Revolving Loan Commitment, minus (b) the sum of (i) the daily average of the aggregate principal amount of all Revolving Loans outstanding, plus (ii) the daily average of the aggregate principal amount of the Letter of Credit Obligationsall Term Loans outstanding, which non- utilization fee shall be (A) calculated on the basis of a year consisting of 360 three hundred sixty (360) days, (B) paid for the actual number of days elapsed, and (C) payable monthly quarterly in arrears on the last day of each monthMarch, June, September and December, commencing on September June 30, 20062004, and on the Revolving Loan Maturity Facility Termination Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (PLM Equipment Growth Fund V), Loan and Security Agreement (PLM Equipment Growth Fund V)

Non-Utilization Fee. The Borrower agrees to pay to the Bank Lender a non-utilization fee equal to one-quarter of one percent (0.25%) 12.5 basis points of the total of (a) the Revolving Loan Commitment, minus (b) the sum of (i) the daily average of the aggregate principal amount of all Revolving Loans outstanding, plus (ii) the daily average of the aggregate amount of the Letter of Credit Obligations, which non- utilization fee shall be (A) calculated on the basis of a year consisting of 360 days, (B) paid for the actual number of days elapsed, and (C) payable monthly quarterly in arrears on the last day of each monthMarch, June, September and December, commencing on September 30March 31, 20062023, and on the Revolving Loan Maturity Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amtech Systems Inc), Loan and Security Agreement (Amtech Systems Inc)

Non-Utilization Fee. The Borrower agrees to pay to the Bank a non-utilization fee equal to one-quarter fifth of one percent (0.250.20%) of the total of (a) the Revolving Loan Commitment, minus (b) the sum of (i) the daily average of the aggregate principal amount of all Revolving Loans outstanding, plus (ii) the daily average of the aggregate amount of the Letter of Credit Obligations, which non- non-utilization fee shall be (A) calculated on the basis of a year consisting of 360 days, (B) paid for the actual number of days elapsed, and (C) payable monthly quarterly in arrears on the last day of each monthfiscal quarter, commencing on September 30, 20062008, and on the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Parlux Fragrances Inc)

Non-Utilization Fee. The Borrower agrees to pay to the Bank a non-utilization fee equal to oneOne-quarter Quarter of one One percent (0.25%) per annum of the total of (a) the Revolving Loan Commitment, minus (b) the sum of (i) the daily average of the aggregate principal amount of all the Revolving Loans outstanding, plus (ii) the daily average of the aggregate amount of the Letter Letters of Credit Obligations, which non- non-utilization fee shall be (A) calculated on the basis of a year consisting of 360 days, (B) paid for the actual number of days elapsed, elapsed and (C) payable monthly in arrears on the last day of each monthInterest Period, commencing on September 30June 1, 2006, 2014 and on continuing throughout the Revolving Loan Maturity DateDate or earlier acceleration or termination of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Atlas Financial Holdings, Inc.)

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Non-Utilization Fee. The Borrower agrees to pay to the Bank a nonNon-utilization fee Utilization Fee equal to onethe Non-quarter of one percent (0.25%) of Utilization Fee Rate multiplied by the total of (a) the Revolving Loan Commitment, minus (b) the sum of (i) the daily average of the aggregate principal amount of all Revolving Loans outstanding, plus (ii) the daily average of the aggregate amount of the Letter of Credit Obligations, which non- utilization fee shall be (A) calculated on the basis of a year consisting of 360 days, (B) paid for the actual number of days elapsed, and (C) payable monthly in arrears on the last first day of each month, month commencing on September 30March 1, 2006, and on the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Cti Industries Corp)

Non-Utilization Fee. The Borrower agrees to pay to the Bank Lender a non-utilization fee equal to onethree-quarter tenths of one percent (0.253/10%) of the total of (a) the Revolving Loan Commitment, minus (b) the sum of (i) the daily average of the aggregate principal amount of all Revolving Loans outstanding, plus (ii) the daily average of the aggregate amount of the Letter of Credit Obligations, which non- utilization fee shall be (A) calculated on the basis of a year consisting of 360 days, (B) paid for the actual number of days elapsed, and (C) payable monthly quarterly in arrears on the last day of each monthMarch, June, September and December, commencing on September 30December 31, 2006, and on the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Hill International, Inc.)

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