Revolving Loan Unused Line Fee. On each Scheduled Payment Date prior to the Commitment Termination Date, Borrower shall pay to Agent, for the benefit of Lenders based on their Pro Rata Share of the Revolving Loan Commitments, in arrears, a fee for Borrower’s non-use of available funds in an amount equal to 0.75% per annum (calculated on the basis of a 360 day year for actual days elapsed) multiplied by the difference between (x) the Total Revolving Loan Commitment Amount and (y) the average for the period of the daily closing balances of the Revolving Loans (including Letter of Credit Obligations) outstanding during the period for which such fee is due.
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Samples: Loan and Security Agreement (Salient Surgical Technologies, Inc.), Loan and Security Agreement (Salient Surgical Technologies, Inc.), Loan and Security Agreement (Salient Surgical Technologies, Inc.)
Revolving Loan Unused Line Fee. On each Scheduled Payment Date prior to and on the Revolving Loan Commitment Termination Date, Borrower shall pay to Agent, for the benefit of Lenders based on their Pro Rata Share of the Revolving Loan Commitments, in arrears, a fee for Borrower’s non-use of available funds the Revolving Loan Commitments in an amount equal to 0.75% per annum (calculated on the basis of a 360 day year for actual days elapsed) multiplied by the difference between (x) the Total Revolving Loan Commitment Amount and (y) the average for the period of the daily closing balances of the Revolving Loans (including Letter of Credit Obligations) outstanding during the period for which such fee is due.
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