UNDISBURSED COMMITMENT FEE. A fee on the average daily amount of the Unused Commitment, during the period for which payment is made, of three-eighths (3/8) of one percent (1%) per annum shall be payable by Borrowers quarterly in arrears on the last day of each March, June, September and December commencing December 31, 1997, and continuing until maturity.
Appears in 2 contracts
Sources: Credit Agreement (Unifab International Inc), Credit Agreement (Unifab International Inc)