Common use of Non-Utilization Fee Clause in Contracts

Non-Utilization Fee. The Borrowers shall pay to the Lender on the first Business Day of each Month and the Maturity Date a fee (the "Non-Utilization Fee") equal to 0.50% per annum on the average amount, calculated on a daily basis, by which the Revolving Commitment exceeded the Revolving Loan during the prior Month.

Appears in 1 contract

Sources: Loan and Security Agreement (Matria Healthcare Inc)

Non-Utilization Fee. The Borrowers Borrower shall pay to the Lender on the first Business Day of each Month and the Maturity Date a fee (the "Non-Utilization Fee") equal to 0.500.375% per annum on the average amount, calculated on a daily basis, by which the Revolving Commitment exceeded the Revolving Loan during the prior Month.

Appears in 1 contract

Sources: Loan and Security Agreement (National Medical Health Card Systems Inc)

Non-Utilization Fee. The Borrowers Borrower shall pay to the Lender on the first Business Day of each Month and the Maturity Date a fee (the "NonNON-Utilization FeeUTILIZATION FEE") equal to 0.50% per annum on the average amount, calculated on a daily basis, by which the Revolving Commitment exceeded the Revolving Loan during the prior Month.

Appears in 1 contract

Sources: Loan and Security Agreement (Staff Builders Inc /De/)

Non-Utilization Fee. The Borrowers Borrower shall pay to the Lender Agent, for the account of each Lender, on the first Business Day of each Month and the Maturity Date a non-refundable fee (the "β€œNon-Utilization Fee"”) equal to 0.50% per annum on the average amount, calculated on a daily basis, by which the Revolving Commitment of such Lender exceeded the Revolving Loan during the prior Month.

Appears in 1 contract

Sources: Loan and Security Agreement

Non-Utilization Fee. The Borrowers shall pay to the Lender Lenders on the first Business Day of each Month and the Maturity Date a fee (the "Non-Utilization Fee") equal to 0.500.30% per annum on the average amount, calculated on a daily basis, by which the Revolving Commitment exceeded the Revolving Loan during the prior Month; provided, however, the Non-Utilization Fee shall commence to be due and payable hereunder on the first Month that the Outstanding Balance of the Revolving Loan equals at least $32,500,000.

Appears in 1 contract

Sources: Loan and Security Agreement (Atc Healthcare Inc /De/)