Common use of Revolving Credit Unused Line Fee Clause in Contracts

Revolving Credit Unused Line Fee. The Borrowers shall pay to the Lender a revolving credit facility fee (collectively, the "Revolving Credit Unused Line Fees" and individually, a "Revolving Credit Unused Line Fee") in an amount equal to three eighths of one percent (.375%) per annum of the average daily unused and undisbursed portion of the Revolving Credit Committed Amount in effect from time to time accruing during each month. The accrued and unpaid portion of the Revolving Credit Unused Line Fee shall be paid by the Borrowers to the Lender monthly in arrears on the last day of each month, commencing on the first such date following the date hereof, and on the Revolving Credit Termination Date.

Appears in 2 contracts

Samples: Financing and Security Agreement (Argan Inc), Financing and Security Agreement (Argan Inc)

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Revolving Credit Unused Line Fee. The Borrowers shall pay to the Lender a quarterly revolving credit facility fee (collectively, the "Revolving Credit Unused Line Fees" and individually, a "Revolving Credit Unused Line Fee") in an amount equal to three eighths one quarter of one percent (.375.25%) per annum of on the average daily unused and undisbursed portion of the Revolving Credit Committed Amount in effect from time to time accruing during each monthcalendar quarter. The accrued and unpaid portion of the Revolving Credit Unused Line Fee shall be paid by the Borrowers to the Lender monthly in arrears on March 31, 1998 and on the last day of each month, commencing on the first such date following the date hereofcalendar quarter thereafter, and on the Revolving Credit Termination Date.

Appears in 1 contract

Samples: Financing and Security Agreement (Dispatch Management Services Corp)

Revolving Credit Unused Line Fee. The Borrowers shall pay to the Lender a revolving credit facility fee (collectively, the "Revolving Credit Unused Line Fees" and individually, a "Revolving Credit Unused Line Fee") in an amount equal to three eighths of one percent (.375%) per annum of the average daily unused and undisbursed portion of the Revolving Credit Committed Amount in effect from time to time accruing during each month. The accrued and unpaid portion of the Revolving Credit Unused Line Fee shall be paid by the Borrowers to the Lender monthly in arrears on the last day of each month, commencing on the first such date following the date hereof, and on the Revolving Credit Termination Date.

Appears in 1 contract

Samples: Financing and Security Agreement (Argan Inc)

Revolving Credit Unused Line Fee. The Borrowers shall pay to the Lender a revolving credit facility fee (collectively, the "Revolving Credit Unused Line Fees" and individually, a "Revolving Credit Unused Line Fee") in an amount equal to three eighths one half of one percent (.375.50%) per annum of the average daily unused and undisbursed portion of the Revolving Credit Committed Amount in effect from time to time accruing during each month. The accrued and unpaid portion of the Revolving Credit Unused Line Fee shall be paid by the Borrowers to the Lender monthly in arrears on the last day of each month, commencing on the first such date following the date hereofJune 30, 2010 and on the Revolving Credit Termination Date.

Appears in 1 contract

Samples: Financing and Security Agreement (Argan Inc)

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Revolving Credit Unused Line Fee. The Borrowers shall pay to the Lender a monthly revolving credit facility fee (collectively, the "Revolving Credit Unused Line Fees" and individually, a "Revolving Credit Unused Line Fee") in an amount equal to three eighths of one percent twenty five basis points (.375.25%) per annum of on the average daily unused and undisbursed portion of the Revolving Credit Committed Amount in effect from time to time accruing during each calendar month. The accrued and unpaid portion of the Revolving Credit Unused Line Fee shall be paid by the Borrowers to the Lender monthly in arrears on the last first day of each month, commencing on the first such date following the date hereof, and on the Revolving Credit Termination Date.

Appears in 1 contract

Samples: Financing and Security Agreement (Spacehab Inc \Wa\)

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