Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due on September 30, 2001 and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.20% per year and will be paid on a quarterly basisyear. The calculation of credit outstanding shall include the undrawn amount amounts of letters of creditcredit and shipside bonds. This The fee is due on September 30, 2001 and will accrue from July __, 2001 and is be payable on the last day of each following quarter quarterly in arrears until the expiration of the availability period.
Appears in 1 contract
Sources: Business Loan Agreement (Pacific Sunwear of California Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment Maximum Amount and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% per year and will be paid on a quarterly basisyear. The calculation of credit outstanding shall include the undrawn amount of letters Letters of creditCredit. This fee is due on September 301, 2001 2000, and will accrue from July __, 2001 and is payable on the last first day of each following quarter December, March, and June thereafter until the expiration of the availability periodAvailability Period.
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Unused Commitment Fee. The Borrower agrees to pay a fee on any difference differences between the Commitment and the amount of credit it the Borrower actually uses, determined by the weighted average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% one-quarter of one percent (0.25%) per year and will be paid on a quarterly basisyear. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due on September November 30, 2001 2004, and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration of the availability periodExpiration Date.
Appears in 1 contract
Sources: Business Loan Agreement (Network Equipment Technologies Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.25% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credityear. This fee is due on September June 30, 2001 2024, and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration of the availability period.
Appears in 1 contract
Sources: Loan Agreement (Lifevantage Corp)
Unused Commitment Fee. The Borrower agrees to pay a an unused commitment fee on any difference between the Commitment Maximum Line of Credit Amount and the amount of credit it actually usesadvances under the Line of Credit, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of creditby multiplying such difference by one-quarter percent (0.25%). This fee is due on September June 30, 2001 2005, and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration Line of the availability periodCredit has been terminated, payable in arrears. Bank may debit Borrower’s operating account to effectuate such payment.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This The fee will be calculated at 0.25% per year. The fee is due monthly in arrears, commencing on September 30August 31, 2001 2004, and will accrue from July __, 2001 and is payable on the last day of each following quarter month thereafter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Revolving Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of creditApplicable Rate. This fee is due on September 30the last day of the calendar month following the Closing Date, 2001 and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a an unused commitment fee on any difference between the Commitment Maximum Line of Credit Amount and the amount of credit it actually usesadvances under the Line of Credit, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of creditby multiplying such difference by one-quarter percent (0.25%). This fee is due on September 30, 2001 2006, and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration Line of the availability periodCredit has been terminated, payable in arrears. Bank may debit Borrower's operating account to effectuate such payment.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment Credit Limit and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% per year and will be paid on a quarterly basis. The calculation one-fifth of credit outstanding shall include the undrawn amount of letters of creditone percent (0.20%). This fee is due on September 30, 2001 2021, and will accrue from July __, 2001 and is payable on the last same day of each following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment Credit Limit and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.20% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credityear. This fee is due on September 30, 2001 and will accrue from July __, 2001 and is payable on the last first day of each following quarter month until the expiration of the availability periodExpiration Date.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.25% per year and will be paid on a quarterly basisyear. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due on September 30March 31, 2001 2003, and will accrue from July __, 2001 and is payable on the last day of each following quarter thereafter until the expiration of the availability period.
Appears in 1 contract
Sources: Business Loan Agreement (Motorcar Parts & Accessories Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% a percentage per year and will be paid on a quarterly basisequal to the “Nonusage Fee Margin” determined in accordance with Section 1.6. The calculation of credit outstanding shall include the outstanding acceptances and the undrawn amount of letters of credit. This fee is due on September 30, 2001 and will accrue from July __, 2001 and is payable on the last day of each following calendar quarter until the expiration of the availability periodExpiration Date.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay the Bank a fee on any difference between the amount of the Commitment and the amount of credit it the Borrower actually usesutilizes (including for such purposes any letters of credit outstanding) under the Facility, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.25% per year and will shall be paid payable, in arrears, on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due on September 30each Payment Date, 2001 and will accrue from July __commencing March 31, 2001 and is payable on the last day of each following quarter until the expiration of the availability period2012.
Appears in 1 contract
Sources: Loan Agreement (Martha Stewart Living Omnimedia Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee of 3/8% per annum on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding loan balance maintained during the specified periodprior fiscal quarter. The fee will be calculated at .25% per year and will be paid on a quarterly basis. The calculation as of credit outstanding shall include the undrawn amount end of letters of crediteach fiscal quarter. This fee is due on September 30January 10, 2001 1998, and will accrue from July __, 2001 and is payable on the last 10th day of each following fiscal quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of creditApplicable Rate. This fee is due quarterly in arrears commencing on September 30, 2001 2013, and will accrue from July __, 2001 and is payable continuing on the last day of each following quarter until the expiration of the availability periodperiod hereunder.
Appears in 1 contract
Sources: Revolving Credit Loan Agreement (Breeze-Eastern Corp)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding loan balance maintained during the specified period. The fee will be calculated at .251/4% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credityear. This fee is due on September 30July 1, 2001 1998 and will accrue from July __, 2001 and is payable on the last 1st day of each following quarter quarter, until the expiration of the availability period.
Appears in 1 contract
Sources: Business Loan Agreement (Ventana Medical Systems Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit the Line of Credit it actually uses, determined by the average of the daily amount of credit outstanding under the Line of Credit during the specified period. The fee will be calculated at .25% a rate per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include equal to the undrawn amount of letters of credit. This fee is due on September 30, 2001 and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration of the availability period"Fee Margin" as determined in accordance with Section 1.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.125% per year and will be paid on a quarterly basisyear. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due on September June 30, 2001 2002, and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration of the availability period.
Appears in 1 contract
Sources: Business Loan Agreement (Universal Electronics Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any --------------------- difference between the Commitment and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding loan balance maintained during the specified period. The fee will be calculated at .25% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credityear. This fee is due on September 30, 2001 1997, and will accrue from quarterly thereafter until July __31, 2001 and is payable on the last day of each following quarter until the expiration of the availability period1999.
Appears in 1 contract
Sources: Business Loan Agreement (Prolong International Corp)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment amount available under the Aggregate Commitments and the amount of credit it actually usesOutstanding Amounts, determined by the average of the daily amount of credit outstanding during the specified periodprior quarter (“Unused Amount”). The fee will be calculated at .250.15% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include times the undrawn amount of letters of creditUnused Amount. This fee is payable on a quarterly basis and is due on September 30, 2001 and will accrue from July __, 2001 the 5th day after the end of the applicable calendar quarter and is payable due on the last day of each following quarter until the expiration of the availability periodMaturity Date.
Appears in 1 contract
Sources: Credit Agreement (Bairnco Corp /De/)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.15% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credityear. This fee is due on September 30the first day of the second month following each calendar quarter commencing on October 1, 2001 2007 and will accrue from July __, 2001 continuing until the Expiration Date and is payable on the last day of each following quarter until the expiration of the availability periodExpiration Date.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a an unused commitment fee on any difference between the Commitment Maximum Line of Credit Amount and the amount of credit it actually usesadvances under the Line of Credit, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of creditby multiplying such difference by one-quarter percent (0.25%). This fee is due on September 30, 2001 2006, and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration Line of the availability periodCredit has been terminated, payable in arrears. Bank may debit Borrower’s operating account to effectuate such payment.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment Credit Limit and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.25% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credityear. This fee is due on September April 30, 2001 2019, and will accrue from July __, 2001 and is payable on the last day of each following quarter month until the expiration of the availability period.
Appears in 1 contract
Sources: Loan Agreement (CUI Global, Inc.)
Unused Commitment Fee. The Borrower agrees to pay a an unused commitment fee on any difference between the Commitment Maximum Line of Credit Amount and the amount of credit it actually usesadvances under the Line of Credit, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of creditby multiplying such difference by one-quarter percent (0.25%). This fee is due on September 30, 2001 2006, and will accrue from July __, 2001 and is payable on the last day of each following quarter until and on the expiration date the Line of the availability periodCredit has been terminated, payable in arrears. Bank may debit Borrower’s operating account to effectuate such payment.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Line of Credit Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.50% per year and will be paid on a quarterly basisyear. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This is fee is due on September 30December 31, 2001 2010 and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a an unused commitment fee on any difference between the Commitment Maximum Line of Credit Amount and the amount of credit it actually usesadvances under the Line of Credit, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of creditby multiplying such difference by one-quarter percent (0.25%). This fee is due on September 30December 31, 2001 2004, and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration Line of the availability periodCredit has been terminated, payable in arrears. Bank may debit Borrower’s operating account to effectuate such payment.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.25% per year and will be paid on a quarterly basisyear. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This The fee is due on September will be payable quarterly in arrears, commencing July 1, 2001 for the quarter ending June 30, 2001 and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration of the availability period2001.
Appears in 1 contract
Sources: Business Loan Agreement (Global Vacation Group Inc)
Unused Commitment Fee. The Borrower agrees Borrowers agree to pay a fee on any difference between the Commitment Credit Limit amount and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding loan balance maintained during the specified period. The fee will be calculated at .250.50% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credityear. This fee is due on September 30, 2001 and will accrue from July __, 2001 and is payable on as of the last day of each following quarter until the expiration of the availability period, and is payable upon billing by Bank.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.125% per year and will be paid on a quarterly basisyear. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due on September 30, 2001 and will accrue from July __, 2001 and is payable on the last day of each following fiscal quarter of the Borrower until the expiration of the availability periodExpiration Date.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.125% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credityear. This fee is due on September 30January 1, 2001 1998, and will accrue from July __, 2001 and is payable on the last first day of each following quarter until the expiration of the availability period.
Appears in 1 contract
Sources: Business Loan Agreement (Arterial Vascular Engineering Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Revolving Loan Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.30% per year and will be paid on a quarterly basisyear. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due on September 30, 2001 and will accrue from July __, 2001 and is payable monthly on the last day of each following quarter until the expiration of the availability periodInterest Payment Date.
Appears in 1 contract
Sources: Loan Agreement (DLH Holdings Corp.)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .25% per year and will be paid on a quarterly basisthe Applicable Rate. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due on September 30August 31, 2001 2007, and will accrue from July __, 2001 and is payable on the last day of each following quarter month until the expiration of the availability period.
Appears in 1 contract
Sources: Loan Agreement (Sport Chalet Inc)
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.2% per year and will be paid on a quarterly basisyear. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due on September November 30, 2001 2011 and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration of the availability periodthereafter.
Appears in 1 contract
Sources: Loan Agreement (Move Inc)
Unused Commitment Fee. The Borrower agrees to pay the Bank a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding loan balance maintained during the specified period. The fee will be calculated at .253/8% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due on September 30, 2001 and will accrue from July __, 2001 and is payable on the last day of each following quarter until quarter, starting on February 14, 1997 and continuing through the expiration of the availability periodExpiration Date.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Line of Credit Commitment and the amount of the line of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.50% per year and will be paid on a quarterly basisyear. The calculation of credit outstanding shall will include the undrawn amount of letters of credit. This fee is due on September 30, 2001 and will accrue from July __, 2001 and is payable on the last day of each following fiscal quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually usesuses (including the undrawn and the drawn but unreimbursed amounts of letters of credit), determined by the weighted average of the daily amount of credit outstanding loan balance maintained during the specified period. The fee will be calculated at .250.125% per year and will be paid on year, pro rated for any portion of a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credityear. This fee is will be due on September 10 days from the Bank's billing date for each calendar quarter, commencing with the quarter ending June 30, 2001 and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration of the availability period1997.
Appears in 1 contract
Sources: Business Loan Agreement (Dura Pharmaceuticals Inc/Ca)
Unused Commitment Fee. The Borrower agrees Borrowers agree to pay a fee on any difference between the Commitment and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding during each fiscal quarter of the specified periodBorrowers, and shall be payable five days after the end of each such fiscal quarter and upon the Expiration Date. The fee will be calculated at .250.175% per year and will be paid on a quarterly basisyear. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due on September 30, 2001 and will accrue from July __, 2001 and is payable on the last day of each following quarter until the expiration of the availability period.
Appears in 1 contract
Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Additional Revolving Commitment and the amount of credit it actually uses, determined by the weighted average of the daily amount of credit outstanding during the specified period. The fee will be calculated at .250.25% per year and will be paid on a quarterly basis. The calculation of credit outstanding shall include the undrawn amount of letters of credityear. This fee is due on September 30shall be calculated in arrears as of the end of each calendar quarter, 2001 and will accrue from July __, 2001 and is payable on the last 15th day of the calendar month beginning immediately after each following calendar quarter until the expiration of the availability periodend. Each such fee shall be fully earned when paid and shall be non-refundable.
Appears in 1 contract