Common use of Unused Line Fee Clause in Contracts

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 4 contracts

Samples: Credit and Security Agreement (BioHorizons, Inc.), Credit and Security Agreement (BioHorizons, Inc.), Credit and Security Agreement (Seracare Life Sciences Inc)

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Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) less the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) one half of one percent (0.50 % %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 3 contracts

Samples: Credit Agreement (Reliant Pharmaceuticals, Inc.), Credit Agreement (Reliant Pharmaceuticals, Inc.), Credit Agreement (Reliant Pharmaceuticals, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) one-half of one percent (0.50 % %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 3 contracts

Samples: Credit and Security Agreement (Steel Connect, Inc.), Credit and Security Agreement (Celadon Group Inc), Credit and Security Agreement (CardioNet, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative to Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares Share of each Revolving Loan Lender, monthly an unused line fee at a fee in an amount rate equal to one-fifth percent (0.20%) per annum in aggregate of the difference between (i) 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 and (ii) the lesser of: (A ) $80,000,000, or (B) the Revolving Loan Commitment minus Limit ( B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month “Unused Line Fee”), multiplied by (ii) 0.50% per annum. Such which fee is to shall be paid monthly in arrears payable on the first day of each month. month in arrears

Appears in 2 contracts

Samples: Amended and Restated Loan and Security Agreement (New York & Company, Inc.), Amended and Restated Loan and Security Agreement (New York & Company, Inc.)

Unused Line Fee. From and following after the Closing Date, Borrowers Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, Agent a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus less the sum of ( B A) the average daily balance of the sum of the Revolving Loan Outstandings during each calendar month and (B) the preceding daily average face amount of Risk Participation Liability during such calendar month, multiplied by (ii) one-half of one percent (0.50 % %) per annum . Such , such fee is to be paid calculated monthly on the basis of a 360-day year for the actual number of days elapsed and to be payable monthly in arrears on the first day of each month month commencing November, 1995. The fees paid to Agent under this subsection 2.3(A) shall be distributed by Agent to Lenders ratably in accordance with each Lender's Pro Rata Share (calculated in accordance with its Revolving Loan Commitment).

Appears in 2 contracts

Samples: Credit Agreement (Spinnaker Industries Inc), Stock and Asset Purchase Agreement (Lynch Corp)

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to ( i 1) ( A a) the Revolving Loan Commitment minus less ( B b) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by ( ii 2) 0.50 0.375% per annum. Such fee is to be paid monthly quarterly in arrears on the first last day of each month calendar quarter.

Appears in 2 contracts

Samples: Credit Agreement (Collegiate Pacific Inc), Credit Agreement (Collegiate Pacific Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) one half of one percent (0.50 % %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 2 contracts

Samples: Credit and Security Agreement (Barrier Therapeutics Inc), Valera Pharmaceuticals Inc

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (1) if the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month is greater than or equal to the Minimum Balance: (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% one half of one percent (0.5%) per annum or (2) if the Minimum Balance is greater than the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month: (i) (A) the Revolving Loan Commitment minus (B) the Minimum Balance, multiplied by (ii) one half of one percent (0.5%) per annum ; provided that, notwithstanding the foregoing, no Defaulted Lender shall be entitled to receive its Pro Rata Share of the fee payable in accordance with this Section 2.2(b) and the fee payable by Borrowers pursuant to this subsection shall be reduced by an amount equal to such Defaulted Lender’s Pro Rata Share thereof. Such The unused line fee is to shall be paid monthly in arrears on the first day of each month month and shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.

Appears in 2 contracts

Samples: Amendment (Aziyo Biologics, Inc.), Amended and Restated Credit and Security Agreement (Aziyo Biologics, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 2 contracts

Samples: Credit and Security Agreement (Accuray Inc), Credit and Security Agreement (Accuray Inc)

Unused Line Fee. From and following the Closing Date, the Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a an aggregate fee in an amount equal to ( i 1) ( A a) the Revolving Loan Commitment minus less ( B b) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month quarter, multiplied by ( ii 2) 0.50% one-half of one percent (.50%) per annum. Such fee is to be paid monthly quarterly in arrears on the first day of each month calendar quarter.

Appears in 2 contracts

Samples: Credit Agreement (Comsys It Partners Inc), Comsys It Partners Inc

Unused Line Fee. From and following after the Closing Date Effective Date and until the date that the Total Revolving Credit Commitment is terminated, Borrowers the Borrower shall pay to the Administrative Agent, Agent for the benefit account of all Lenders committed to make the Revolving Loans Loan Lenders, in accordance with their respective Pro Rata Shares, a an unused line fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% per annum. Such fee is to be paid payable monthly in arrears on the first day of each month for the month just ended, commencing October 1, 2007, equal to the product obtained by multiplying (a) (i) the Total Revolving Credit Commitment minus (ii) the sum of the average daily principal amount of Revolving Loans and Letter of Credit Obligations outstanding during such month, times (b) one-half of one percent (0.50%) per annum for the number of days in said month.

Appears in 1 contract

Samples: Amended and Restated Financing Agreement (PRG Schultz International Inc)

Unused Line Fee. From and following the Closing Date Date on the first day of each month, and payable in arrears, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% one percent (1.00%) per annum. Such The unused line fee is to shall be paid monthly in arrears on the first day of each month deemed fully earned when due and payable and, once paid, shall be non-refundable.

Appears in 1 contract

Samples: Credit and Security Agreement (Bacterin International Holdings, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to ( i 1) ( A a) the Revolving Loan Commitment minus less ( B b) the average daily balance of the sum of the Revolving Loan Outstandings plus the Swingline Loan Outstandings during the preceding month, multiplied by ( ii 2) 0.50% one half percent (0.5%) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit Agreement (Obagi Medical Products, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month month (such result, the "UNUSED REVOLVING LOAN COMMITMENT"), multiplied by (ii) 0.50% the per annum annum rate set forth in the table below opposite the average Unused Revolving Loan Commitment during such preceding month. Such fee is to be paid monthly in arrears on the first day of each month . . Average Unused Revolving Loan Commitment Unused Facility Rate ---------------------------------------- -------------------- Less than $50,000,000 .375% Greater than or equal to $50,000,000 .50%

Appears in 1 contract

Samples: Medical Properties Trust Inc

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) less the average daily balance of the sum of the Revolving Loan Outstandings plus the Swingline Loan Outstandings during the preceding month, multiplied by (ii) one-half of one percent (0.50 % %) per annum. Such fee is to be paid monthly in arrears on the first last day of each month.

Appears in 1 contract

Samples: Credit Agreement (Palace Entertainment Holdings, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to to: ( i 1) ( A a) the Revolving Loan Commitment minus less ( B b) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by ( ii 2) 0.50% per annum the Applicable Unused Line Rate. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit Agreement (Equinox Group Inc)

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to to: ( i) (A I) the Revolving Loan Commitment minus (B) less the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month calendar quarter, multiplied by ( ii II) one half of one percent (0.50 % %) per annum. Such fee is to shall be paid monthly quarterly in arrears on the first day of each month calendar quarter.

Appears in 1 contract

Samples: Beverly Enterprises Inc

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to ( i 1) ( A a) the Revolving Loan Commitment minus less ( B b) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by ( ii 2) 0.50% per annum the applicable percentage specified as the "Unused Line Fee" in the Pricing Table corresponding to the average existing aggregate outstanding principal amount of Revolving Loans for the preceding calendar month. Such fee is to be paid monthly quarterly in arrears on the first last day of each month calendar quarter.

Appears in 1 contract

Samples: Amended and Restated Credit Agreement (Radiologix Inc)

Unused Line Fee. From and following the Closing Date, Borrowers Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings outstanding during the preceding month, multiplied by (ii) 0.50 0.042% per annum month. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Staffing 360 Solutions, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to ( i 1) ( A a) the Revolving Loan Commitment minus less ( B b) the average daily balance of the sum of the Revolving Loan Outstandings plus the Swingline Loan Outstandings during the preceding month, multiplied by ( ii 2) 0.50% one-half of one percent (.50%) per annum. Such fee is to be paid monthly in arrears on the first last day of each month.

Appears in 1 contract

Samples: Credit Agreement (Loud Technologies Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50 0.504% per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

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

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 500/1,000 percent (0.50 % %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Isotis Sa)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% one-half of one percent (.5%) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Derma Sciences, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% seventy-five one hundredths of one percent (0.75%) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (NxStage Medical, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) ( A a) the Revolving Loan Commitment minus less ( B b) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month month provided that, if the FCCR Trigger Option has not yet been exercised, the amount in this clause (i) shall be further reduced by $2,000,000, multiplied by (ii) 0.50% forty-eight hundredths of one percent (0.48%) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Dynacq Healthcare Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to ( i 1) ( A a) the Revolving Loan Commitment minus less ( B b) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by ( ii 2) one half percent (0.50 % %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit Agreement (Williams Controls Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to ( i 1) ( A a) the Revolving Loan Commitment minus less ( B b) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by ( ii 2) one-half of one percent (0.50 % %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Atlantic Premium Brands LTD

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to ( i 1) ( A a) the Revolving Loan Commitment minus less ( B b) the average daily balance of the sum of the Revolving Loan Outstandings Loans Outstanding during the preceding month, multiplied by ( ii 2) one half of one percent (0.50 % %) per annum. Such fee is to be paid monthly in arrears on the first day Business Day of each month.

Appears in 1 contract

Samples: Credit Agreement (Ahl Services Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (1) if the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month is greater than or equal to the Minimum Balance: (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% per annum or (2) if the Minimum Balance is greater than the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month: (i) (A) the Revolving Loan Commitment minus (B) the Minimum Balance, multiplied by (ii) 0.50% per annum. Such The unused line fee is to shall be paid monthly in arrears on the first day of each month month and shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.

Appears in 1 contract

Samples: Credit and Security Agreement (Invuity, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% per annum. Such The unused line fee is to shall be paid monthly in arrears on the first day of each month month and shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.

Appears in 1 contract

Samples: Security and Guaranty (Wright Medical Group N.V.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings and the funded portion of the Additional Term Loan outstanding during the preceding month, multiplied by (ii) 0.50 0.042% per annum month. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Staffing 360 Solutions, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50 0.042% per annum month. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Integrated Healthcare Holdings Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50 0.045% per annum month. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Advancis Pharmaceutical Corp)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% per annum. Such The unused line fee is to shall be paid monthly in arrears on the first day of each month month and shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.

Appears in 1 contract

Samples: Security and Guaranty (Oxford Immunotec Global PLC)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) SAN_FRANCISCO/#11685.11 one-half of one percent (0.50 % %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Skilled Healthcare Group, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% [REDACTED: The omitted text sets forth a percentage] per annum. Such fee is to be paid monthly in arrears on the first day of each month . The unused line fee shall be paid monthly in arrears on the first day of each month and shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.

Appears in 1 contract

Samples: Credit and Security Agreement (Novadaq Technologies Inc)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% five hundred four one-thousandths of one percent (0.504%) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (BioTrove, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) 0.50% one half of one percent (0.5%) per annum. Such fee is to be paid monthly in arrears on the first day of each month . The unused line fee shall be paid monthly in arrears on the first day of each month and shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.

Appears in 1 contract

Samples: Credit and Security Agreement (AxoGen, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) one half percent (0.50 % %) per annum. Such fee is to be paid monthly in arrears on the first day of each month . . 24

Appears in 1 contract

Samples: Credit and Security Agreement

Unused Line Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment average daily balance of the Borrowing Base during the preceding month minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) fifty one-hundredths percent (0.50 % %) per annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Monogram Biosciences, Inc.)

Unused Line Fee. From and following the Closing Date, Borrowers at any time after a Revolving Loan Commitment has taken effect, Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to ( i 1) ( A a) the Revolving Loan Commitment minus less ( B b) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by ( ii 2) one-half of one percent (0.50 % %) per annum ; provided that, notwithstanding the foregoing, no Defaulted Lender shall be entitled to receive its Pro Rata Share of the fee payable in accordance with this Section 2.3(b) and the fee payable by Borrower pursuant to this subsection shall be reduced by an amount equal to such Defaulted Lender’s Pro Rata Share thereof. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Pernix Therapeutics Holdings, Inc.)

Unused Line Fee. From and following the Closing Effective Date, Borrowers the Borrower shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) less the average daily balance Daily Balance of the sum of the outstanding Revolving Loan Outstandings Loans during the preceding month quarter, multiplied by (ii) 0.50% three-eighths of one percent (0.375%) per annum. Such fee is to be paid monthly quarterly in arrears on the first day Business Day of each month ULF Quarter.

Appears in 1 contract

Samples: Credit Agreement (Radio One, Inc.)

Unused Line Fee. From and following the Closing Effective Date, the Borrowers shall pay Administrative Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) less the average daily balance Daily Balance of the sum of the outstanding Revolving Loan Outstandings Loans during the preceding month quarter, multiplied by (ii) one half of one percent (0.50 % %) per annum. Such fee is to be paid monthly quarterly in arrears on the first calendar day of each month ULF Quarter.

Appears in 1 contract

Samples: Credit Agreement (Urban One, Inc.)

Unused Line Fee. From and following the Original Closing Date, Borrowers Borrower shall pay Administrative to Agent, for the ratable benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares Lenders, a fee in an amount equal to (i) (A) the sum of the Revolving Loan Commitment minus less the sum of ( B x) the average daily balance of the sum of the Revolving Loan Outstandings Loans during the preceding month, month multiplied by (ii) 0.50% one-quarter percent (.25%) per annum. Such fee is to be paid payable monthly in arrears on the first day last Business Day of each month Interest Period for the entire Interest Period.

Appears in 1 contract

Samples: Amended and Restated Credit Agreement (Global Imaging Systems Inc)