Common use of Unused Line Fee Clause in Contracts

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 3 contracts

Samples: Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (MGP Ingredients Inc)

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Unused Line Fee. For the purposes of this Section 2.7(b2.3(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 2 contracts

Samples: Credit and Security Agreement (Orthologic Corp), Subordination Agreement (Autotradecenter Com Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 2 contracts

Samples: Credit and Security Agreement (Staar Surgical Co), Credit and Security Agreement (Delphax Technologies Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.9(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.500.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 2 contracts

Samples: Credit and Security Agreement (Allis Chalmers Corp), Credit and Security Agreement (Allis Chalmers Corp)

Unused Line Fee. For the purposes of this Section 2.7(b2.9(a), “Unused Amount” means the Maximum Line Amount reduced by (i) outstanding Revolving Advances and (ii) the L/C Amount. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 2 contracts

Samples: Credit and Security Agreement (Heska Corp), Credit and Security Agreement (Heska Corp)

Unused Line Fee. For the purposes of this Section 2.7(b2.9(b), "Unused Amount" means the Maximum Line Amount reduced by (1) outstanding Revolving Advances and (2) the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.50.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 2 contracts

Samples: Credit and Security Agreement (Royal Precision Inc), Credit and Security Agreement (Royal Precision Inc)

Unused Line Fee. For the purposes of this Section 2.7(b)2.9, “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.500.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 2 contracts

Samples: Credit and Security Agreement (Digital Angel Corp), Credit and Security Agreement (Digital Angel Corp)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused 2.9(a),"Unused Amount" means the Maximum Line Amount reduced by (1) outstanding Revolving Advances and (2) the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.500.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 2 contracts

Samples: Credit and Security Agreement (Royal Precision Inc), Credit and Security Agreement (Royal Precision Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.10(a), "Unused Amount" means the Maximum Line Amount reduced by (1) outstanding Revolving Advances and (2) the L/C Amount. The Borrower agrees to Borrowers shall pay to the Lender an unused line fee at the rate of one half of one percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Leather Factory Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.11(b), "Unused Amount" means the Maximum Line Amount reduced by (i) outstanding Revolving Advances Advances, and (ii) the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.50.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month each Interest Payment Date and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount" means the Maximum Line Amount $15,000,000 reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Interpharm Holdings Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2(e), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender Bank an unused line fee at the rate of one half one-eighth of one percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Peoples Educational Holdings)

Unused Line Fee. For the purposes of this Section 2.7(b2.9(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and plus the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one percent (0.50%) per annum applicable Unused Line Fee Rate on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Boots & Coots International Well Control Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.3(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (San Holdings Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the outstanding L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Vari L Co Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Seaway Valley Capital Corp)

Unused Line Fee. For the purposes of this Section 2.7(b2.3(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Chaparral Network Storage Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement January 1, 2011 to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (MGP Ingredients Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.3(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.50.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly quarterly in arrears on the first day of the month quarter and on the Termination Date. All fees due and payable under this Section 2.3(b) shall be debited from the Borrowers' account.

Appears in 1 contract

Samples: Credit and Security Agreement (Pentastar Communications Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half three-eighths of one percent (0.500.375%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Pacific Cma Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.9(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent (0.50.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Ronson Corp)

Unused Line Fee. For the purposes of this Section 2.7(b)2.9, "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Cost U Less Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement     by And (Qsgi Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b2.9(c), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Gardenburger Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.3(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.500.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Poore Brothers Inc)

Unused Line Fee. For the purposes of this Section 2.7(b)2.6, “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

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

Unused Line Fee. For the purposes of this Section 2.7(b)2.10, “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent (0.50.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Waters Instruments Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.3(d), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and by the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one one-quarter percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Marquest Medical Products Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.3(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one one-quarter percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Meteor Industries Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.50.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (First Team Sports Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.9(a), “Unused Amount” means the Maximum Line Amount reduced by (i) outstanding Revolving Advances Advances, and (ii) the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one one-quarter percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month each Interest Payment Date and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

Unused Line Fee. For the purposes of this Section 2.7(b2.9(g), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half three hundred seventy-five thousandths of one percent (0.500.375%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day Banking Day of the month and on the Termination Date.

Appears in 1 contract

Samples: And Security Agreement (Hc2 Holdings, Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b2.5(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower hereby agrees to pay to the Lender an unused line fee at the rate of one half of one one-fourth percent (0.50.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the each month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Heartland Technology Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means fifty percent (50%) of the Maximum Line Amount reduced by outstanding Revolving Advances and Advances. Commencing on the L/C Amount. The first day of the first calendar quarter following the 180th day following the Effective Date, Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from during the date of this Agreement to and including the Termination Datequarter, due and payable monthly quarterly in arrears on the first day of the month and on the Termination Datenext succeeding quarter.

Appears in 1 contract

Samples: Loan and Security Agreement (InPoint Commercial Real Estate Income, Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount" means the Maximum Line Amount reduced by (i) outstanding Revolving Advances and (ii) the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Nebo Products Inc)

Unused Line Fee. For the purposes of this Section 2.7(b)0, “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one [...***...]percent (0.50[...***...]%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

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

Unused Line Fee. For the purposes of this Section 2.7(b2.12(e), “Unused Amount” means the Maximum Line Amount reduced by the sum of (1) outstanding Revolving Advances and (2) the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one percent (0.50%) 0.25% per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Nortech Systems Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.8(a), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Global Employment Holdings, Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b2.9(a), “Unused Amount” means the Aggregate Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one a percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Delphax Technologies Inc)

Unused Line Fee. For the purposes of this Section 2.7(b)2.9, “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half three-eighths of one percent (0.500.375%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Cost U Less Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.3(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.50.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month each Interest Payment Date and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

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Unused Line Fee. For the purposes of this Section 2.7(b2.6(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Hei Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.6(e), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent (0.50.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Metretek Technologies Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.5(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Seair Group Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender quarterly an unused line fee at the rate of one half one-fifth of one percent (0.500.20%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears quarterly on the first day of the month immediately following the end of the respective quarter and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement   by And (uBid.com Holdings, Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one percent (0.50%) % per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date. For the purposes of this Section 2.11(e), “Unused Amount” means the Maximum Line reduced by the sum of (1) outstanding Revolving Advances and (2) the L/C Amount.

Appears in 1 contract

Samples: Credit and Security Agreement (Nortech Systems Inc)

Unused Line Fee. For the purposes of this Section 2.7(b)2.8, “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half of one two tenths percent (0.50.20%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement   by And (Miscor Group, Ltd.)

Unused Line Fee. For the purposes of this Section 2.7(b2.4(b), “Unused Amount” means the Maximum Line Amount reduced by Commitment, minus the outstanding Revolving Advances and the L/C AmountLetter of Credit Obligations. The Borrower agrees to pay to the Lender Bank an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, Date due and payable monthly in arrears on the first day of the each calendar month and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (SPS Commerce Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.3(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one one-fourth percent (0.50.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.quarterly in

Appears in 1 contract

Samples: Credit and Security Agreement (Futech Interactive Products Inc)

Unused Line Fee. For the purposes of this Section 2.7(b)2.14, “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.50.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly quarterly in arrears on the first day of the month each calendar quarter and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Smtek International Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.9(g), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.500.50 %) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day Banking Day of the month and on the Termination Date.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (HC2 Holdings, Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b2.9(a), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one 0.25 percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

Unused Line Fee. For the purposes of this Section 2.7(b2.3(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one quarter percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Intercreditor Agreement (Naco Industries Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and plus the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one- quarter of one percent (0.50.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Lectec Corp /Mn/)

Unused Line Fee. For the purposes of this Section 2.7(b2.15(b), "Unused Amount" means the Maximum Line Amount reduced by (1) outstanding Revolving Advances and (2) the L/C Amount. The Borrower agrees to Borrowers shall pay to the Lender an unused line fee at equal to the rate of one half of one percent (0.50%) per annum Margin on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Eagle Geophysical Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount" means the Maximum Line Amount reduced by the greater of (a) the Minimum Loan Amount and (b) outstanding Revolving Advances and the L/C Amount. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half of one percent (0.50.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date."

Appears in 1 contract

Samples: Credit and Security Agreement (Misonix Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Newtek Business Services Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.5(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Laser Power Corp/Fa)

Unused Line Fee. For the purposes of this Section 2.7(b2.5(b), “Unused Amount” "UNUSED AMOUNT" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly quarterly in arrears on the first day of the month each calendar quarter and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Microtel International Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.10(b), "Unused Amount" means the Maximum Line Amount reduced by (1) outstanding Revolving Advances and (2) the L/C Amount. The Borrower agrees to Borrowers shall pay to the Lender an unused line fee at the rate of one half of one percent (0.500.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Leather Factory Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Vari L Co Inc)

Unused Line Fee. For the purposes of this Section 2.7(b2.7(a), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Global Employment Holdings, Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b2.6(b), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement Funding Date to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Tradestar Services, Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b2.9(b), "Unused Amount" means the Maximum Line Amount reduced by (1) outstanding Revolving Advances made to all Borrowers and (2) the Aggregate L/C Amount. The Borrower agrees Borrowers, jointly and severally, agree to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Pemco Aviation Group Inc)

Unused Line Fee. For the purposes of this Section 2.7(b)2.9, "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.50.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Metretek Technologies Inc)

Unused Line Fee. For the purposes of this Section 2.7(b)2.9, "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent (0.500.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month following the month in which such fee accrues and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Dynamic Materials Corp)

Unused Line Fee. For the purposes of this Section 2.7(b2.9(g), "Unused Amount" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C AmountAdvances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one six hundred twenty-five thousandths percent (0.500.625 %) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day Banking Day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Schuff International Inc)

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