Nonuse Fee. Borrower agrees to pay to Lender a fee equal to one-half of one percent (0.5%) per annum on the product of (x) the daily average amount by which $5,400,000 exceeds the outstanding principal balance of the Revolving Loans hereunder plus the outstanding principal amount of the "Revolving Loans" under the Other Loan Agreements times (y) .20. Such fee shall be payable in arrears on the last day of each Fiscal Quarter, and on the date the Credit terminates, in each case for the period then ended.
Nonuse Fee. The Borrower shall pay to the Agent for the account of each Bank a nonuse fee on the average daily Unutilized Revolving Commitment of such Bank for the period from and including the Closing to but not including the earlier of the date such Commitment is terminated and the Loan Termination Date, at the rate of (a) for the first Quarterly Period, 0.30% per annum and (b) thereafter, 0.30% per annum or, for any Quarterly Period prior to the first day of which (and in any event no later than 45 days after the end of the fiscal quarter most recently ended) the Borrower has delivered to the Agent a compliance certificate of the Borrower calculating the Funded Debt to Cash Flow ratio as set forth in Paragraph 6.17(C) below for the last day of such fiscal quarter (other than such portion of such period during which an Event of Default shall be continuing), the percentage per annum set forth below opposite the Funded Debt to Cash Flow ratio for the Borrower reflected on such certificate: Funded Debt to Cash Flow Percentage Rate ------------------------ --------------- Greater than 3.0 to 1.0 30% per annum Equal to or Less than 3.0:1.0 and Greater than 2.25:1.0 25% per annum Equal to or Less than 2.25:1.0 and Greater than 1.5:1.0 25% per annum Equal to or Less than 1.5 to 1.0 20% per annum Nonuse fees shall be calculated on a 360-day year counting the actual number of elapsed days. Accrued nonuse fees shall be payable in arrears on each Quarterly Date and on the earlier of each of the date the relevant Commitments are terminated and the Loan Termination Date.
Nonuse Fee. Borrower agrees to pay, to the Agent for ---------- the account of each Lender pro rata according to its Commitment Percentage, for the period (including any portion thereof when the Lenders' Commitments are suspended by reason of any failure to satisfy any of the conditions precedent set forth in ARTICLE X) from the Effective Date through the Commitment --------- Termination Date, an aggregate fee ("Nonuse Fee") equal to 0.35% per annum on ---------- the daily average amount by which the Commitment Amount exceeds the outstanding principal balance of the Loans plus the Letter of Credit Liabilities; provided, however, that, subject to the penultimate sentence of this Section (a) -------- ------- the Nonuse Fee during the period from the Effective Date to the first date on which Borrower shall be required to deliver a Compliance Certificate pursuant to SECTION 8.1.1(C) shall be 0.20% per annum and (b) the Nonuse Fee during each ---------------- subsequent period from and including the first date on which Borrower shall have delivered a Compliance Certificate pursuant to SECTION 8.1.1(C) demonstrating in ---------------- reasonable detail (based upon financial statements of Borrower for the period covered by such certificate that have been delivered to the Agent and the Lenders pursuant to SECTION 8.1.1(A) or 8.1.1(B)), that the Interest Coverage ---------------- -------- Ratio, as of the end of the respective Fiscal Quarter or Fiscal Year, is within one of the ranges set forth below, to but excluding the date of delivery of the next Compliance Certificate, shall equal the percentage per annum set forth in the following table: Ratio Nonuse Fee ----- ---------- Less than 2.75 to 1.0 0.35% Equal to or greater than 2.75 to 1.0 but less than 3.50 to 1.0 0.30% Equal to or greater than 3.50 to 1.0 but less than 4.50 to 1.0 0.25% Equal to or greater than 4.50 to 1.0 0.20% Notwithstanding the foregoing, the "Nonuse Fee" during any period when an Unmatured Event of Default or an Event of Default in delivery of the certificate pursuant to SECTION 8.1.1(C) shall have occurred and be continuing, shall be ---------------- determined without reference to the foregoing chart. The fee provided for in this SECTION 3.4.2 shall be payable in arrears on each Quarterly Payment Date ------------- for the period then ended and on the last to occur of the Commitment Termination Date and the date all Loans are repaid in full, for the period then ended for which no fee shall have been...
Nonuse Fee. Borrower agrees to pay to Agent, for the benefit of itself and Lenders, a fee equal to the Applicable Margin per annum on the daily average amount by which the Revolving Credit Amount exceeds the outstanding principal balance of the Revolving Loans plus the Letter of Credit Obligations. The fee provided for in this Section 2.4.2 shall be payable monthly in arrears on the last day of each month commencing June 30, 1997, and on the date the Revolving Credit terminates for the period then ended.
Nonuse Fee. The Borrower will pay to the Lender a nonuse fee equal to one quarter of one percent of the amount by which $4,000,000 exceeds the average daily outstanding principal balance of the Advances from the date of the Third Amendment until the maturity of the Revolving Note. Such nonuse fee shall be payable on a semi-annual basis on June 1 and December 1 of each year, and on the maturity date of the Revolving Note.
Nonuse Fee. Borrower agrees to pay to Lender a fee equal to one-quarter of one percent (.25%) per annum on the daily average amount by which the Revolving Credit Amount exceeds the sum of the outstanding principal balance of the Revolving Loans plus the Letter of Credit Obligations. The fee provided for in this SECTION 2.4.2 shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing March 31, 2001, and on the date the Credit terminates, in each case for the period then ended." Notwithstanding the foregoing, the non-use fees through the date hereof shall be paid in accordance with such Section 2.4.2 as in effect prior to this Amendment.
Nonuse Fee. The Borrower shall pay to the Agent for the account of each Bank a nonusage fee (the "Nonuse Fee") on the average daily Unutilized Loan Commitment of such Bank for the period from and including the Closing to but not including the earlier of the date such Commitment is terminated and the Termination Date, at the rate of 0.35% per annum or, for any Quarterly Period prior to the first day of which (and in any event no later than 45 days after the end of the fiscal quarter most recently ended) the Borrower has delivered to the Agent a Compliance Certificate of the Borrower calculating the Funded Debt to Consolidated Cash Flow Ratio as at the last day of such fiscal quarter (other than such portion of such period during which an Event of Default shall be continuing), the Applicable Margin pertaining thereto. Nonuse Fees shall be calculated on a 360-day year counting the actual number of elapsed days. Accrued Nonuse Fees shall be payable in arrears commencing January 1, 1998 and on each Quarterly Date thereafter and on the earlier of each of the date the relevant Commitments are terminated and the Termination Date.
Nonuse Fee. A fee of 0.50% per annum (the “Nonuse Fee”) on the daily unused portion of the Availability Amount from the Effective Date to and including the Maturity Date, payable quarterly in arrears, on the last day of each calendar quarter hereafter and on the Maturity Date; and
Nonuse Fee. A fee of .50% per annum of the average annual available funds of this line of credit will be charged in arrears quarterly on the first day of each calendar quarter. Lender will waive the quarterly Nonuse Fee if the average utilization for the quarter is above 60%. If the first day of the quarter falls on a Sunday or holiday, the calculation will occur on the following first business day of the quarter.
Nonuse Fee. Borrower agrees to pay to Agent, for the benefit of itself and Lenders, a fee equal to one-quarter of one percent (0.25%) per annum on the daily average amount by which the Revolving Credit Amount exceeds the outstanding principal balance of the Revolving Loans plus the Letter of Credit Obligations. The fee provided for in this SECTION 2.4.2 shall be payable quarterly in arrears on the first day of each calendar quarter commencing January 1, 1997, and on the date the Revolving Credit terminates for the period then ended. The amount of any outstanding Offshore Currency Loan on any date shall be determined based upon the Dollar Equivalent of such Offshore Currency Loan on the last day of the applicable calendar quarter.
