Revolving Facility Fee. In addition to paying the Discount and the partial month interest, if any, the Borrower shall pay monthly installments of the Revolving Facility Fee to the Lender on account of each Revolving Advance over the whole number of calendar months the MBS backed by the Revolving Advance is to run from the MBS Issue Date to the maturity date of the MBS. The Revolving Facility Fee shall be payable in advance, in accordance with the terms of the Revolving Facility Note. The first installment shall be payable on or prior to the Closing Date for the Revolving Advance and shall apply to the first full calendar month of the MBS backed by the Revolving Advance. Subsequent installments shall be payable on the first day of each calendar month, commencing on the first day of the second full calendar month of such MBS, until the maturity of such MBS. Each installment of the Revolving Facility Fee shall be in an amount equal to the product of multiplying (i) the Revolving Facility Fee, by (ii) the amount of the Revolving Advance, by (iii) 1/12.
Revolving Facility Fee. Borrower shall pay the Revolving Facility Fee to Lender promptly on the Closing Date and on the first (1st) year anniversary of the Closing Date.
Revolving Facility Fee. The Revolving Facility Fee, which shall be due on the Effective Date with respect to the Revolving Line, payable solely for the account of Bank; (c)
Revolving Facility Fee. On the Closing Date and on the first anniversary thereof, a revolving facility fee equal to Twenty Five Thousand Dollars ($25,000), which shall be nonrefundable; and
Revolving Facility Fee. Borrower shall pay the Revolving Facility Fee to Lender promptly on the Fifth Modification Closing Date and on the first (1st) year anniversary of the Fifth Modification Closing Date.
Revolving Facility Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee, which shall be calculated at the rate of thirty-five hundredths of one percent (0.35%) (provided that for so long as fifty percent (50%) or more of the aggregate amount of the Revolving Loan Commitments are drawn and outstanding, such amount shall reduce to twenty hundredths of one percent (0.20%)) per annum on the daily average unused amount of the Revolving Loan Commitment of such Lender during the period from and including the Effective Date to but excluding the Revolving Credit Termination Date (the “Revolving Facility Fee”). Accrued Revolving Facility Fees shall be payable in arrears on the last day of March, June, September and December of each year and on the date on which the Revolving Loan Commitments terminate, commencing on the first such date to occur after the date hereof; provided that any Revolving Facility Fees accruing after the date on which the Revolving Loan Commitments terminate shall be payable on demand. All Revolving Facility Fees shall be computed on the basis of a year of three hundred sixty (360) days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
Revolving Facility Fee. Borrower shall pay to Agent for the account of each Lender in accordance with its Applicable Percentage of the Revolving Facility, a commitment fee equal to 0.40% per annum calculated on the Available Commitment of the Revolving Facility. The commitment fee shall accrue at all times during the Availability Period of the Revolving Facility, including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each quarter, commencing with the first such date to occur after the Effective Date, and on the Maturity Date. The commitment fee shall be calculated quarterly in arrears (based upon the average daily Available Commitment of the Revolving Facility during such quarter)
Revolving Facility Fee. Borrower shall pay to Lender the Revolving Facility Fee promptly upon the execution of this Agreement and annually thereafter; provided that if Borrower terminates this Agreement by written notice to Lender prior to September 30, 2014, and pays the Obligations in full in cash prior to October 7, 2014, then no further Revolving Facility Fee shall be due.
Revolving Facility Fee. In addition to paying the Discount and the partial month interest, if any, the Borrower shall pay monthly installments of the Revolving Facility Fee, in arrears, to the Lender on account of each Revolving Advance over the whole number of calendar months the MBS backed by the Revolving Advance is to run from the MBS Issue Date to the maturity date of the MBS. The first installment shall be payable on or prior to the first day of each calendar month, commencing on the first day of the second full calendar month of the Revolving Advance and shall apply to the first full calendar month of the MBS backed by the Revolving Advance. Subsequent installments shall be payable on the first day of each calendar month thereafter during the term of such MBS with the final installment being payable on the maturity date of such MBS. Each installment of the Revolving Facility Fee shall be in an amount equal to the product of multiplying (i) the Revolving Facility Fee, by (ii) the amount of the Revolving Advance, by (iii) 1/12.
