Common use of Unused Commitment Fee Clause in Contracts

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 Loan balance maintained during the specified period. The fee will be calculated at 0.125% per year. This fee is due quarterly in arrears until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bank.

Appears in 2 contracts

Samples: Credit Loan Agreement (Bre Properties Inc /Md/), Credit Loan Agreement (Bre Properties Inc /Md/)

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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 weighted average Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.1250.25% per year. The calculation of credit outstanding shall include the Loans and the undrawn amount of outstanding letters of credit. This fee is due quarterly in arrears on December 31, 2001 an on the last day of each following quarter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bank.

Appears in 2 contracts

Samples: Credit Agreement (Southwest Water Co), Credit Agreement (Southwest Water Co)

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 weighted average Loan balance maintained of the daily amount of credit outstanding under the Line of Credit during the specified period. The fee will be calculated at 0.125% a rate per yearyear equal to the “Fee Margin” as determined in accordance with Section 1.6. The calculation of credit outstanding shall include the undrawn amount of standby letters of credit. This fee is due quarterly in arrears until the expiration of the Availability Period on March 31, 2007, and on the Maturity Datelast day of each following calendar quarter until, and shall be due and payable not later than fifteen (15) days following on, the rendering of an invoice therefor by the BankExpiration Date.

Appears in 1 contract

Samples: Loan Agreement (Redhook Ale Brewery Inc)

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 Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125% one-quarter of one percent (0.25%) per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due quarterly in arrears until the expiration of the Availability Period on November 30, 2004, and on the Maturity last day of each following quarter until the Expiration Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bank.

Appears in 1 contract

Samples: 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 weighted average Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.1250.10% per year. The calculation of credit outstanding shall include he undrawn amount of letters of credit. This fee is due on September 30, 2001, and quarterly in arrears thereafter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.

Appears in 1 contract

Samples: Business Loan Agreement (Novatel Wireless Inc)

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 Loan balance maintained daily amount of credit outstanding during the specified period. The calculations of credit outstanding shall include the undrawn amounts of letters of credit. The fee will be calculated at 0.125% per yearbased on the Applicable Rate for Unused Commitment Fee shown in the grid in Section 2.7. This fee is due quarterly in arrears on the last day of the month immediately following each fiscal quarter end (e.g. April 30, July 31, October 31 and January 31) until the expiration of the Availability Period and on the Maturity Expiration Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bank.

Appears in 1 contract

Samples: Loan Agreement (Radiant Logistics, 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 Loan balance maintained of the daily amount of credit outstanding during the specified period. The fee will be calculated at 0.125.25% per yearyear 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 quarterly in arrears 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 and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.

Appears in 1 contract

Samples: Business Loan Agreement (National Rv Holdings 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 Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.1250.20% per year. This The calculation of credit outstanding shall include undrawn amounts of letters of credit and shipside bonds. The fee is due will be payable quarterly in arrears until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.

Appears in 1 contract

Samples: Business Loan Agreement (Pacific Sunwear of California Inc)

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, for this purpose, outstanding standby letters of credit), determined by the weighted average Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.1250. 125% per year. This fee is due and charged quarterly in arrears until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankarrears.

Appears in 1 contract

Samples: Business Loan Agreement (TRM Corp)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the sum of advances actually outstanding plus the face amount of letters of credit it and acceptances actually usesoutstanding under this Agreement, determined by the weighted average Loan balance maintained of the unused portion of credit that is available during the specified period. The fee will be calculated at 0.125% per year. This fee is due on October 1, 2001, and quarterly in arrears thereafter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.

Appears in 1 contract

Samples: Business Loan Agreement (K Swiss Inc)

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 Loan balance maintained 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 0.1250.175% per year. This fee is due quarterly in arrears until The calculation of credit outstanding shall include the expiration undrawn amount of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering letters of an invoice therefor by the Bankcredit.

Appears in 1 contract

Samples: Business Loan Agreement (Media Arts Group Inc)

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 weighted average Loan balance maintained daily amount of credit outstanding during the specified period. The fee will be calculated at 0.125% per yearthe Applicable Rate. This fee is due quarterly in arrears on the last day of the calendar month following the Closing Date, and on the last day of each following quarter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.

Appears in 1 contract

Samples: Credit Agreement (Bowman Consulting Group Ltd.)

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 Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125% per year. The calculation of credit outstanding will include the undrawn amount of letters of credit. This fee is due quarterly in arrears on March 31, 2000 and on the last day of each quarter thereafter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.

Appears in 1 contract

Samples: Loan Agreement (Eloyalty 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 Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125% per year. This fee is due quarterly in arrears on March 31, 2000, and on the last day of each following quarter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.

Appears in 1 contract

Samples: Business Loan Agreement (Roseville Communications Co)

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 Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due quarterly in arrears on June 30, 2002, and on the last day of each following quarter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.

Appears in 1 contract

Samples: Business Loan Agreement (Universal Electronics Inc)

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 Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125.125% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due quarterly in arrears on June 30, 2002, and on the last day of each following quarter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.

Appears in 1 contract

Samples: Loan Agreement (U S Laboratories 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 Loan balance maintained of the daily amount of credit outstanding during the specified period. The fee will be calculated at 0.125% a percentage per yearyear equal 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 quarterly in arrears on the last day of each calendar quarter until the expiration of the Availability Period and on the Maturity Expiration Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bank.

Appears in 1 contract

Samples: Loan Modification Agreement (Zumiez Inc)

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 weighted average Loan balance maintained daily amount of credit outstanding during the specified period. The fee will be calculated at 0.1250.50% per year. This is fee is due quarterly in arrears on December 31, 2010 and on the last day of each following quarter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.

Appears in 1 contract

Samples: Loan Agreement (Game Trading Technologies, Inc.)

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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 Loan loan balance maintained during the specified period. The fee will be calculated at 0.125.25% per year. This fee is due quarterly in arrears until the expiration of the Availability Period and on the Maturity DateSeptember 30, 1997, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankquarterly thereafter until July 31, 1999.

Appears in 1 contract

Samples: Business Loan Agreement (Prolong International 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 Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125at.08% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due quarterly in arrears until the expiration of the Availability Period on December 31, 1997, and on the Maturity last day of each calendar quarter thereafter until the Expiration Date, and shall be due and payable not later than fifteen (15) days following on which date the rendering final payment of an invoice therefor by the Bankthis fee is due.

Appears in 1 contract

Samples: Business Loan Agreement (Longs Drug Stores 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 Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.1250.25% per year. This The calculation of credit outstanding shall include the undrawn amount of letters of credit. The fee is due will be payable quarterly in arrears until arrears, commencing July 1, 2001 for the expiration of the Availability Period and on the Maturity Datequarter ending June 30, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bank2001.

Appears in 1 contract

Samples: Business Loan Agreement (Global Vacation Group Inc)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference --------------------- between the Commitment maximum principal amount available under this Note and the amount of credit it actually uses, determined by the weighted average Loan balance maintained of the daily amount of credit outstanding during the specified period. The fee will be calculated at 0.1250.25% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due quarterly in arrears on October 1, 2001, and on the first day of each following quarter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering availability of an invoice therefor by the Bankadvances under this Note.

Appears in 1 contract

Samples: Agreement

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 Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125% per year. The calculation of credit outstanding shall include the undrawn amount of letters of credit. This fee is due quarterly in arrears on last day of each fiscal quarter of the Borrower until the expiration of the Availability Period and on the Maturity Expiration Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bank.

Appears in 1 contract

Samples: Cost Plus Inc/Ca/

Unused Commitment Fee. The Borrower agrees to Borrowers shall pay Bank a fee on any difference between (a) the Commitment Revolving Credit Limit and 22 (b) the amount of credit it (including outstanding advances and issued but undrawn letters of credit) Borrowers actually usesuse hereunder under the Revolving Facility, determined by the weighted average Loan balance maintained of the unused portion of the Revolving Credit provided under this Agreement during the specified period. The fee will be calculated at 0.125the rate of 0.25% per yearannum. This fee is due on September 30, 1996 and quarterly in arrears thereafter until the expiration last day of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the BankPeriod.

Appears in 1 contract

Samples: Credit Agreement (Gt Bicycles Inc)

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 Loan loan balance maintained during the specified period. The fee will be calculated at 0.125% per year, pro rated for any portion of a year. This fee is due quarterly in arrears until the expiration of the Availability Period and on the Maturity Date, and shall will be due and payable not later than fifteen (15) 10 days following the rendering of an invoice therefor by from the Bank's billing date for each calendar quarter, commencing with the quarter ending June 30, 1997.

Appears in 1 contract

Samples: Dura Pharmaceuticals Inc/Ca

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 weighted average Loan balance maintained of the daily amount of credit outstanding under the Line of Credit during the specified period. The fee will be calculated at 0.125% a rate per yearyear equal to the "Fee Margin" as determined in accordance with Section 1.6. The calculation of credit outstanding shall include the undrawn amount of standby letters of credit. This fee is due quarterly in arrears until the expiration of the Availability Period on September 30, 2008, and on the Maturity Datelast day of each following calendar quarter until, and shall be due and payable not later than fifteen (15) days following on, the rendering of an invoice therefor by the BankExpiration Date.

Appears in 1 contract

Samples: Loan Agreement (Craft Brewers Alliance, 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 Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125.125% per year. The calculation of credit outstanding shall not include the undrawn amount of letters of credit. This fee is due quarterly in arrears on September 30, 2002, and on the 10 day of each following quarter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bankavailability period.

Appears in 1 contract

Samples: Loan Agreement (Cohu 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 Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125.25% per year. The calculation of credit outstanding shall include the undrawn amount of Letters of Credit. This fee is due quarterly in arrears on September 1, 2000, and on the first day of each December, March, and June thereafter until the expiration of the Availability Period and on the Maturity Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the BankPeriod.

Appears in 1 contract

Samples: Loan Agreement (Escalon Medical 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 Loan balance maintained credit outstanding during the specified period. The fee will be calculated at 0.125% per year. The calculation of credit outstanding will include the undrawn amount of letters of credit. This fee is due quarterly in arrears until the expiration of the Availability Period on March 31, 2001 and on the Maturity last day of each quarter thereafter until the Expiration Date, and shall be due and payable not later than fifteen (15) days following the rendering of an invoice therefor by the Bank.

Appears in 1 contract

Samples: Agreement (Eloyalty Corp)

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