Unused Credit Fee. The Borrower shall pay the Bank an unused credit fee in an amount equal to one quarter of one percent (.25%) per annum times the daily average of the unused Total Commitment Amount (the “Unused Credit Fee”), which fee shall be payable quarterly, in arrears, having commenced on the first day of December, 1998, and on the first day of each March, June, September and December thereafter, and when the Loans are due (whether by reason of acceleration or otherwise). The Unused Credit Fee shall be computed on the basis of a year consisting of three hundred sixty (360) days but applied to the actual number of days elapsed.
Unused Credit Fee. Borrower will pay on April 1, 1998, and on the same day of each month thereafter for the period from and including the date the Revolving Loan was established to and including the maturity date of the Revolving Loan, an unused credit fee at a rate per annum equal to (i) .20%, (if the Funded Debt/EBITDA ratio is less than 1.0 to 1.0), (ii) .25% (if such ratio is equal to or less than 1.50 to 1.0), or (iii) .30% (if such ratio is greater than 1.5 to 1.0), times the average daily unused portion of the Revolving Loan during the preceding month. Borrower may at any time upon written notice to Bank permanently reduce the amount of the Revolving Loan at which time the obligation of Borrower to pay such unused credit fee shall thereupon correspondingly be reduced.
Unused Credit Fee. The Unused Credit Fee shall be an amount equal to 0.25% per annum of the average Daily Unused Credit Amount, calculated on the basis of actual days elapsed over a year of 360 days and twelve 30-day months. The Unused Credit Fee shall be and is payable quarterly in arrears on the last day of each March, June, September and December, commencing on the first such day to occur after the date hereof, and on the date the Credit terminates.
Unused Credit Fee. The Borrower has heretofore agreed and hereby agrees to pay to the Agent for the account of each Lender the Unused Credit Fee from the Closing Date to and including the Facility Termination Date, calculated at the rate of 0.18% per annum on the actual daily unborrowed portion of such Lender's Commitment (which is equal to the difference between (a) such Lender's Commitment on such day and (b) the then outstanding Loans owed to such Lender plus the Lender's Percentage of any outstanding and undrawn Facility Letters of Credit) payable quarterly in arrears on the first day of each calendar quarter beginning January 1, 1999 and on the Facility Termination Date; provided, however, that the Unused Credit Fee shall be calculated at the reduced rate of 0.125% per annum on the actual daily unborrowed portion of such Lender's Commitment for any day on which the principal balance of all outstanding and unpaid Loans held by such Lender plus its Percentage of outstanding and undrawn Facility Letters of Credit is greater than 50% of such Lender's Commitment. Notwithstanding the foregoing, all accrued Unused Credit Fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.
Unused Credit Fee. The Borrower shall pay the Bank an unused credit fee in an amount equal to one quarter of one percent (.25%) per annum times the daily average of (a) the unused Total Revolver Commitment Amount plus (b) the unused Construction Loan Commitment Amount (the “Unused Credit Fee”), which fee shall be payable quarterly, in arrears, having commenced on the first day of December, 1998, and on the first day of each March, June, September and December thereafter, and when the Loans are due (whether by reason of acceleration or otherwise). The Unused Credit Fee shall be computed on the basis of a year consisting of three hundred sixty (360) days but applied to the actual number of days elapsed. The unused portion of the Stock Repurchase Loan Commitment Amount shall not be subject to any unused credit fee.
Unused Credit Fee. Borrower shall pay to Lender the Unused ----------------- Credit Fee for each year or portion thereof prior to the termination of Lender's obligations to extend Revolving Credit under this Agreement. The accrued portion of the Unused Credit Fee shall be due and payable to Lender in arrears on each Quarterly Payment Date. Borrower hereby authorizes Lender to debit Borrower's account maintained with Lender to pay the Unused Credit Fee on each Quarterly Payment Date. For purposes of the calculation of the Unused Credit Fee, the unused portion of the Revolving Credit shall be the average daily Available Revolving Credit Amount during the applicable quarter. The Unused Credit Fee shall be based upon the Consolidated Funded Debt to EBITDA ratio for the preceding fiscal quarter for which Lender shall have received quarterly financial statements pursuant to this Agreement, e.g. the Unused Credit Fee for the period from January through March of a particular year shall be based upon the quarterly financial statements for the fiscal quarter ending the immediately preceding December.
Unused Credit Fee. The Borrower shall pay to the Lender an Unused Credit Fee for the period from and after the date hereof through and including the date the Credit is terminated in the amount and at the times set forth in SUPPLEMENT A.
Unused Credit Fee. The Borrower has heretofore agreed and hereby agrees to pay to the Agent for the account of each Lender the Unused Credit Fee from the Closing Date to and including the Facility Termination Date, calculated at the rate of 0.35% per annum on the actual daily unborrowed portion of such Lender's Commitment (which is equal to the difference between (a) such Lender's Commitment on such day and (b) the then outstanding Loans owed to such Lender plus the Lender's Percentage of any outstanding and undrawn Facility Letters of Credit) payable quarterly in arrears on the first day of each calendar quarter beginning January 1, 2003 and on the Facility Termination Date. Notwithstanding the foregoing, all accrued Unused Credit Fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.
Unused Credit Fee. The Borrower shall pay the Lender a fee (the "Unused Credit Fee") for the period from and after the date hereof through and including the date the Line of Credit Facility is terminated in an amount equal to 0.375% per annum of the average Daily Unused Line of Credit Amount, calculated on the basis of actual days elapsed over a year of 360 days and twelve 30-day months. The Unused Credit Fee shall be and is payable quarterly in arrears on the last day of each [March, June, September and December], commencing on the first such day to occur after the date hereof, and on the Termination Date. The Unused Credit Fee is fully earned when due and nonrefundable when paid.
Unused Credit Fee. To the extent that there is any portion of the Commitment unused during a monthly period beginning on the Effective Date and ending on the Final Maturity Date, Borrower shall pay to Lender a fee in the amount of 0.50% per annum against such unused amount, such fee to accrue commencing on the Effective Date and to be paid by Borrower to Lender monthly in arrears on each day that interest is payable under Section 2.3(a).
