Common use of Unused Line Fee Clause in Contracts

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half (1/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 3 contracts

Samples: Loan and Security Agreement (Inverness Medical Innovations Inc), Loan and Security Agreement (Ivc Industries Inc), Loan and Security Agreement (Impax Laboratories Inc)

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Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to onethree-half eighths (1/23/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which . Such fee shall be payable on the first day of each month in arrears.

Appears in 3 contracts

Samples: Loan Agreement (RBX Industries Inc), Loan Agreement (RBX Corp), Loan Agreement (RBX Corp)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths percent (1/20.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit Sixty Million Dollars ($60,000,000) exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 2 contracts

Samples: Loan and Security Agreement (Guess Inc Et Al/Ca/), Loan and Security Agreement (Guess Inc Et Al/Ca/)

Unused Line Fee. Chapter 11 Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths (1/2.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit $25,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 2 contracts

Samples: Ratification and Amendment Agreement (Congoleum Corp), Ratification and Amendment Agreement (American Biltrite Inc)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to one-half percent (1/2.5%) percent per annum calculated upon the amount by which the Revolving Loan Limit $16,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 2 contracts

Samples: Loan and Security Agreement (LSB Industries Inc), Loan and Security Agreement (LSB Industries Inc)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly monthly, an unused line fee at a rate equal to one-one half of one percent (1/20.5%) percent per annum calculated upon the amount by which the Revolving Loan Limit $30,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) ), while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 2 contracts

Samples: Loan and Security Agreement (Nutritional Sourcing Corp), Loan and Security Agreement (Nutritional Sourcing Corp)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths (1/2.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit $28,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears."

Appears in 2 contracts

Samples: Loan and Security Agreement (American Biltrite Inc), Loan and Security Agreement (Congoleum Corp)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter of one percent (1/20.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 2 contracts

Samples: Loan and Security Agreement (Vector Group LTD), Loan and Security Agreement (Vector Group LTD)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee equal at a rate equal to one-half one quarter of one percent (1/2.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 2 contracts

Samples: Loan and Security Agreement (Eagle Food Centers Inc), Loan and Security Agreement (Eagle Food Centers Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half (1/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 2 contracts

Samples: Loan and Security Agreement (Converse Inc), Loan and Security Agreement (Geneva Steel Co)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths of one (1/23/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit $34,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 2 contracts

Samples: Loan and Security Agreement (Anvil Holdings Inc), Loan and Security Agreement (Anvil Knitwear Inc)

Unused Line Fee. Borrower shall pay to Lender monthly monthly, an unused line fee at a rate equal to one-one half of one percent (1/20.50%) percent per annum calculated upon the amount by which the Revolving Loan Limit $10,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) ), while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 2 contracts

Samples: Loan and Security Agreement (Inyx Inc), Loan and Security Agreement (Inyx Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter of one percent (1/2.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $20,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 2 contracts

Samples: Loan and Security Agreement (Collegiate Pacific Inc), Loan and Security Agreement (Sport Supply Group Inc)

Unused Line Fee. Borrower Borrowers shall jointly and severally pay to Lender monthly an unused line fee equal at a rate equal to onethree-half eighths of one (1/23/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit $22,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 2 contracts

Samples: Loan and Security Agreement (Atlantic Express Transportation Corp), Loan and Security Agreement (Atlantic Express Transportation Corp)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter (1/21/4%) percent per annum calculated upon the amount (if any) by which (a) the Revolving Loan Limit Maximum Credit exceeds (b) the average aggregate daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations outstanding during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Doe Run Peru Sr Ltda)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee equal at a rate equal to one-half of one (1/2.5%) percent per annum calculated upon the amount by which the Revolving Loan Limit $16,000,000 exceeds the average aggregate daily principal balance of the outstanding Terms Loans, Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Reunion Industries Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths (1/23/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit amount equal to eighty (80%) percent of the Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Valley Media Inc)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter of one percent (1/21/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (G&g Retail Inc)

Unused Line Fee. Borrower shall pay to Lender a monthly an unused line fee at a rate equal to one-half quarter of one percent (1/20.25%) percent per annum calculated upon on the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while during which this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrearsmonth.

Appears in 1 contract

Samples: Loan Agreement (Mad Catz Interactive Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half (1/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstandingmonthly, which fee shall be payable on the first day of each month month, in arrears, an Unused Line Fee for each month during the initial and each renewal term at the rate per annum set forth in Section 10.4(d), calculated upon the amount, if any, by which the Maximum Credit exceeds the average outstanding daily principal balance during the preceding month of all Revolving Loans, Accommodation and any Term Loans."

Appears in 1 contract

Samples: Seeq Technology Inc

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths (1/23/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit $35,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Navarre Corp /Mn/)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter percent (1/21/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Startec Global Communications Corp)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a the per annum rate equal to one-half of one percent (1/20.50%) percent per annum calculated upon of the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (SMF Energy Corp)

Unused Line Fee. Borrower Borrower, jointly and severally with Affiliated Borrower, shall pay to Lender monthly an unused line fee at a rate equal to one-half (1/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstandingmonthly, which fee shall be payable on the first day of each month month, in arrears, an Unused Line Fee for each month during the initial and each renewal Term at the rate per annum set forth in Section 10.4(f), calculated upon the amount, if any, by which the Maximum Credit exceeds the average aggregate outstanding daily principal balance during the preceding month of all Revolving Loans, Accommodations, Cap/Ex Loans and any Term Loan hereunder and all Revolving Loans under the Affiliate Loan Agreements.

Appears in 1 contract

Samples: Loan and Security Agreement (Hudson Technologies Inc /Ny)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter of one percent (1/20.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Impreso Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter of one percent (1/2.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Ten Million Dollars ($10,000,000) exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month months (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears."

Appears in 1 contract

Samples: Loan and Security Agreement (Krauses Furniture Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths of one (1/23/8%) percent per annum calculated upon the amount (if any) by which eighty (80%) percent of the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan Agreement (Stuart Entertainment Inc)

Unused Line Fee. Borrower shall pay to Lender monthly --------------- an unused line fee at a rate equal to of one-half of one percent (1/20.5%) percent per annum calculated upon of the amount by which difference between the Maximum Revolving Loan Limit exceeds and the average daily principal balance of the outstanding Revolving Loans and plus the Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and Obligations for so long thereafter as any of the Obligations are outstandingeach month, which fee shall be fully earned by Lender and payable monthly in arrears on the first day Business Day of each month in arrearsmonth. Said fee shall be calculated on the basis of a 360 day year.

Appears in 1 contract

Samples: Loan and Security Agreement (Gibraltar Packaging Group Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths of one (1/2.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit $10,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Digital Lightwave Inc)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to one-half one quarter of one (1/2.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Picturetel Corp)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at for the Line of Credit equal to a rate equal to one-half per annum of one quarter percent (1/20.25%) percent per annum calculated upon of the amount by which the Revolving Loan Limit Maximum Amount exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations Revolving Loans are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan Agreement (Titan Motorcycle Co of America Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths of one percent (1/20.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit Fifteen Million Dollars ($15,000,000) exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears."

Appears in 1 contract

Samples: Loan and Security Agreement and Consent (Citi Trends Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths (1/23/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the aggregate amount of the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Cerplex Group Inc/De)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line ---------------- fee at a rate equal to one-half quarter of one (1/21/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit $15,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Dh Apparel Co Inc)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly with respect to the calendar months of May through and including November (or part thereof) in each year while this Agreement is in effect, an unused line fee at a rate equal to one-half (1/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit $110,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding such month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding), which fee shall be payable on the first day of following each month applicable month, in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Mounger Corp)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths (1/23/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Hirsch International Corp)

Unused Line Fee. Borrower shall pay to Lender a monthly an unused line fee at a rate equal to one-half (1/2%) percent 0.25% per annum calculated upon on the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while during which this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrearsmonth.

Appears in 1 contract

Samples: Loan Agreement (Mad Catz Interactive Inc)

Unused Line Fee. Borrower The Borrowers shall pay to Lender monthly each month, an --------------- unused line fee at a rate equal to one-half percent (1/20.5%) percent per annum calculated upon of the amount by which difference between the Revolving Loan Limit exceeds Total Facility and the daily average daily outstanding principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during for the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrearsprior month.

Appears in 1 contract

Samples: Loan and Security Agreement (Intellisys Group Inc)

Unused Line Fee. Borrower Borrowers shall jointly and severally pay to Lender monthly an unused line fee at a rate equal to one-half quarter of one (1/21/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit $40,000,000 exceeds the average daily principal balance of the aggregate outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Decorative Home Accents Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter of one percent (1/2.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Vector Group LTD)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths of one (1/23/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit $50,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Loehmanns Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee calculated at a the rate equal to oneof nine-half tenths (1/2.9%) percent per annum calculated upon the amount by which the Revolving Loan Limit $10,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this the Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month month, in arrears."

Appears in 1 contract

Samples: Emerson Radio Corp

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half (1/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Ic Isaacs & Co Inc)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to one-half (1/2%) percent per annum calculated upon in the amount of 0.375% multiplied by the amount by which the Revolving Loan Limit Maximum Credit as then in effect exceeds the daily average daily of the principal balance of the outstanding Revolving Loans and Letter the Letters of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is until payment in effect and for so long thereafter as any full of the Obligations are outstanding, which fee Obligations. Such fees shall be payable on the first day Business Day of each calendar month in arrearsarrears and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Culp Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths (1/23/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Hypercom Corp)

Unused Line Fee. Borrower shall pay to Lender a monthly an unused line fee at a rate equal to one-half one- quarter of one percent (1/2.25%) percent per annum calculated upon on the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while during which this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrearsmonth.

Appears in 1 contract

Samples: Loan Agreement (Mad Catz Interactive Inc)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to one-half of one percent (1/20.50%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Fansteel Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half of one (1/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit $25,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Swank Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter (1/21/4%) percent per annum calculated upon of the amount by which the Revolving Loan Limit exceeds difference between (a) the average daily monthly principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during and (b) the immediately preceding month (or part thereof) Maximum Credit, while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Poindexter J B & Co Inc)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee equal at a rate equal to one-half one quarter of one percent (1/20.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $20,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations Obligations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month (commencing August 1, 1998) in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Go Video Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half three eighths of one percent (1/2.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit $20,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Ashford Com Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half of one- fifth of one percent (1/20.20%) percent per annum calculated upon of the amount by which difference between the Maximum Revolving Loan and the sum of the average daily balance of the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and Obligations for so long thereafter as any of the Obligations are outstandingeach calendar quarter, which fee shall be fully earned by Lender and payable quarterly in arrears on the first day last Business Day of each month in arrearscalendar quarter beginning September 30, 2021. Said fee shall begin accruing on the First Amendment Effective Date and shall be calculated on the basis of a 360 day year.

Appears in 1 contract

Samples: Loan and Security Agreement (Better Choice Co Inc.)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half (1/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstandingmonthly, which fee shall be payable on the first day of each month month, in arrears, an Unused Line Fee for each month during the initial and each renewal Term at the rate per annum set forth in Section 10.4(e), calculated upon the amount, if any, by which the Maximum Credit exceeds the greater of (i) the average outstanding daily principal balance during the preceding month of all Revolving Loans or (ii) $2,500,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Amnex Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths of one (1/23/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit $45,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Plainwell Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half of one (1/2.50%) percent per annum calculated upon the amount by which the Revolving Loan Limit $4,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Planet Entertainment Corp)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter of one percent (1/20.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $13,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Optical Cable Corp)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to one-half of one (1/2%) percent per annum calculated upon the amount by which the Revolving Inventory Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (One Price Clothing Stores Inc)

Unused Line Fee. Borrower shall pay to Lender Lender, on a monthly basis, an unused line fee at a rate equal to one-half of one percent (1/20.50%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be due and payable to Lender on the first day of each month month, in arrears.”

Appears in 1 contract

Samples: Loan and Security Agreement (Pfsweb Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter percent (1/2.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $9,200,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears."

Appears in 1 contract

Samples: Loan and Security Agreement (PST Vans Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at equal to a rate equal to onethree-half eighths of one (1/23/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit $105,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement (or the First Restated Loan Agreement) is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Charming Shoppes Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-one half of one (1/21/2 of 1%) percent per annum calculated upon the amount by which the Revolving Loan Credit Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Clean Harbors Inc)

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Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter of one (1/21/4%) percent per annum calculated upon the amount by which the Revolving Loan Limit $30,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Alliance Gaming Corp)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter of one (1/20.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Ten Million Dollars ($10,000,000) exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Zila Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half of one percent (1/20.5%) percent per annum calculated upon annum, applied to the amount by which the Revolving Loan Credit Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations Advances during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable in arrears on the first (1st) day of each month in arrearsand on the Revolving Credit Termination Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Blue Star Foods Corp.)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths (1/23/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Huntco Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half fourth of one percent (1/20.25%) percent per annum calculated upon of the amount by which of the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and Facility not used for so long thereafter as any of the Obligations are outstanding, which cash Borrowings. Such unused line fee shall be payable monthly in arrears on the first (1st) day of each month during the Initial Term and each Renewal Term, and shall be calculated on the average cash Borrowings for each preceding month, and shall not be subject to rebate or proration upon the termination of this Agreement for any reason. The Unused Line Fee shall be deemed included in arrearsthe Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Galaxy Nutritional Foods Co)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at for the Line of Credit equal to a rate equal to one-half per annum of three eighths of one percent (1/2.375%) percent per annum calculated upon of the amount by which the Revolving Loan Limit Maximum Line Amount exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations Obligations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Revolving Loans or Letter of Credit Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan Agreement (Stevens International Inc)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter of one (1/2.25%) percent per annum calculated upon the amount by which the Revolving Inventory Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears."

Appears in 1 contract

Samples: One Price Clothing Stores Inc

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths (1/2.375%) of one percent per annum calculated upon the amount by which the Maximum Revolving Loan Limit Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Champion Parts Inc)

Unused Line Fee. Borrower Borrowers shall jointly and severally pay to Lender monthly an unused line fee at a rate equal to oneof three-half eighths of one percent (1/23/8ths of 1%) percent per annum calculated upon of the amount by which difference between the Maximum Revolving Loan Limit exceeds and the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstandingeach month, which fee shall be fully earned by Lender and payable monthly in arrears on the first day last Business Day of each month in arrearsmonth. Said fee shall be calculated on the basis of a 360 day year.

Appears in 1 contract

Samples: Loan and Security Agreement (Novitron International Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half eighth of one percent (1/20.125%) percent per annum calculated upon the amount by which the Revolving Loan Limit $25,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Musicland Stores Corp)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter percent (1/2.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $8,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month months (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears."

Appears in 1 contract

Samples: Loan and Security Agreement (Krauses Furniture Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at for the Line of Credit equal to a rate equal to one-half per annum of one quarter of one percent (1/2.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds of the average daily principal balance unused portion of the outstanding Revolving Loans and Letter Line of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Revolving Loans or Letter of Credit Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan Agreement (Andataco Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee equal at a rate equal to one-half one quarter of one percent (1/20.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $14,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations Obligations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month (commencing December 1, 1996) in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Go Video Inc)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to one-half three eighths of one (1/2.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit Ceiling exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Transpro Inc)

Unused Line Fee. Borrower shall pay to Lender monthly monthly, an unused line fee at a rate equal to one-half zero point five (1/20.5%) percent per annum calculated upon the amount by which the Revolving Loan Limit $30,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) ), while this Extension Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Extension and Modification and Security Agreement (Nutritional Sourcing Corp)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to oneof three-half quarter percent (1/20.375%) percent per annum calculated upon of the amount by which difference between the Maximum Revolving Loan Limit exceeds and the average daily principal balance of the outstanding Revolving Loans and plus the Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and Obligations for so long thereafter as any of the Obligations are outstandingeach month, which fee shall be fully earned by Lender and payable monthly in arrears on the first day Business Day of each month in arrearsmonth. Said fee shall be calculated on the basis of a 360 day year.

Appears in 1 contract

Samples: Loan and Security Agreement (Delphax Technologies Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee equal at a rate equal to one-half (1/20.5%) percent per annum calculated upon the amount by which the Revolving Loan Limit lesser of $4,700,000 or the Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Diplomat Corp)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a the per annum rate equal to one-half (1/2%) percent per annum calculated upon 0.375% of the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (SMF Energy Corp)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half (1/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while While this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, Borrowers shall pay to Lender monthly an unused line fee at a rate equal to the Applicable Unused Line Fee Percentage per annum calculated upon the amount by which eighty (80%) percent of the Maximum Credit exceeds the average daily principal balance of the outstanding Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof); such unused line fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Pep Boys Manny Moe & Jack)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half (1/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstandingmonthly, which fee shall be payable on the first day of each month month, in arrears, an UNUSED LINE FEE for each month during the Term at the rate per annum set forth in Section 10.3(d), calculated upon the amount, if any, by which the Maximum Revolving Credit exceeds the average outstanding daily principal balance during the preceding month of all Revolving Loans and any Letters of Credit.

Appears in 1 contract

Samples: Loan and Security Agreement (Indesco International Inc)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to one-half 0.375% (1/2%) percent on a per annum calculated upon basis) multiplied by the amount by which the Revolving Loan Limit as then in effect exceeds the daily average daily of the principal balance of the outstanding Revolving Loans and Letter the Letters of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is until payment in effect and for so long thereafter as any full of the Obligations are outstanding, which fee Obligations. Such fees shall be payable on the first day of each calendar month in arrearsarrears and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Broadwind, Inc.)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter of one (1/21/4%) percent per annum calculated upon the amount by which $5,000,000 exceeds the Revolving Loan Limit exceeds greater of $1,750,000 or the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Ecogen Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter of one (1/2.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.of

Appears in 1 contract

Samples: Loan and Security Agreement (Clark Material Handling Co)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line a fee at a rate equal to one-one- --------------- half percent (1/20.5%) percent per annum calculated upon of the amount by which the Revolving Loan Limit exceeds the average daily principal balance sum of the outstanding Average Monthly Loan Balance is less than the Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which Loan Commitment. The unused line fee shall be payable monthly in arrears on the first day of each calendar month in arrearshereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Avalon Community Services Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths percent (1/2.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit $16,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.. 3.5

Appears in 1 contract

Samples: Loan and Security Agreement (Exabyte Corp /De/)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to one-half three eighths (1/2.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit Revolver Ceiling exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Raytech Corp)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half three- eighths of one (1/23/8%) percent per annum calculated upon the amount (if any) by which eighty (80%) percent of the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.preceding

Appears in 1 contract

Samples: Loan and Security Agreement (Stuart Entertainment Inc)

Unused Line Fee. For every month during the term of this Agreement, Borrower shall pay to Lender monthly a fee ("Unused Line Fee") in an unused line fee at a rate amount equal to one-half one quarter of one percent (1/2.25%) percent per annum calculated upon annum, multiplied by the amount by which (a) the Revolving Loan Limit Total Credit Facility exceeds (b) the average closing daily principal unpaid balance of the outstanding Revolving Loans Loan during such month. Such fee, if any, shall be calculated on the basis of a year of 360 days, actual days elapsed, and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable to Lender on the first day of each month in arrearsInterest Payment Due Date with respect to the prior month.

Appears in 1 contract

Samples: Loan and Security Agreement (Emergent Group Inc)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter (1/21/4 %) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Play by Play Toys & Novelties Inc)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused line fee at a rate equal to onethree-half eighths of one (1/2.375%) percent per annum calculated upon the amount by which the Revolving Inventory Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: One Price Clothing (One Price Clothing Stores Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-one half of one percent (1/20.50%) percent per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Bontex Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half quarter percent (1/2.25%) percent per annum calculated upon annum, applied to the amount by which the Revolving Loan Limit Maximum Credit amount exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Dsi Toys Inc)

Unused Line Fee. Borrower shall pay to Lender Lender, on a monthly basis, an unused line fee at a rate equal to onethree-half eighths of one percent (1/20.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be due and payable to Lender on the first day of each month month, in arrears.”

Appears in 1 contract

Samples: Loan and Security Agreement (Pfsweb Inc)

Unused Line Fee. Borrower shall pay to Lender monthly quarterly an unused line fee at a rate equal to onethree-half quarters of one (1/2.75%) percent per annum calculated upon the amount by which the Revolving Loan Limit Facility Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month calendar quarter (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first business day of each month calendar quarter in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Us Lec Corp)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half (1/2%) percent .375% per annum calculated upon the amount by which the Revolving Loan Limit Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Pfsweb Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half three eighths of one percent (1/2.375%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter Letters of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Vitacost.com, Inc.)

Unused Line Fee. Borrower Borrowers shall jointly and severally pay to Lender monthly an unused line fee at a rate equal to oneof three-half eighths of one percent (1/20.375%) percent per annum calculated upon of (A) the amount by which difference between the Maximum Revolving Loan Limit exceeds and the average daily principal balance of the outstanding Revolving Loans and plus the outstanding Letter of Credit Accommodations during Obligations for each month, and (B) the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any unused amount of the Obligations are outstandingCapital Expenditure Loans, which fee shall be fully earned by Lender and payable monthly in arrears on the first day last Business Day of each month in arrearsmonth. Said fee shall be calculated on the basis of a 360-day year.

Appears in 1 contract

Samples: Loan and Security Agreement (Lucille Farms Inc)

Unused Line Fee. Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to one-one half of one (1/2%) percent per annum calculated upon the amount by which the Revolving Loan Credit Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Quadrax Corp)

Unused Line Fee. Borrower Borrowers shall pay to Lender monthly an unused --------------- line fee at a rate equal to one-half one quarter (1/20.25%) percent per annum calculated upon the amount by which the Revolving Loan Limit $15,000,000 exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Ivi Checkmate Corp)

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