Unused Facility Fee. The Borrower will pay to Lender an unused facility fee of one-quarter percent (1/4%) on the unused portion of the Revolving Loan, which fee shall be paid monthly in arrears.
Appears in 2 contracts
Sources: Loan and Security Agreement (Broadwind Energy, Inc.), Loan and Security Agreement (Broadwind Energy, Inc.)
Unused Facility Fee. The Borrower will shall pay to Lender Bank an unused facility fee annualized one half of one-quarter one percent (1/40.50%) on Unused Facility Fee, which shall be payable monthly, and which shall be based upon the unused portion average amount of the Unused Revolving Loan, which fee shall be paid monthly in arrearsFacility.
Appears in 2 contracts
Sources: Loan and Security Agreement (Portfolio Recovery Associates Inc), Loan and Security Agreement (Portfolio Recovery Associates Inc)
Unused Facility Fee. The Borrower will shall pay to Lender an unused the Bank a facility fee ------------------- (the "Facility Fee"), payable quarterly in arrears, equal to 1/8 of one-quarter percent 1% of the difference between (1/4%i) on the unused portion average daily amount outstanding of the Revolving Loan, Credit Loan during the quarter for which fee shall be paid monthly in arrearssuch payment is made and (ii) $15,000,000.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (GRC International Inc)
Unused Facility Fee. The Borrower will shall pay to Lender an unused facility a monthly fee of one-quarter percent (1/4%) on the average monthly unused portion Commitment amount equal to 0.25% of the Revolving Loansuch unused Commitment, which fee shall be paid payable monthly in arrears.
Appears in 1 contract