Common use of Unused Line Fee Clause in Contracts

Unused Line Fee. The Borrower shall pay to the Lender an unused line fee equal to one-eighth of one percent (.125%) per annum of the average daily unused amount of the maximum Loan commitment, payable on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Date.

Appears in 3 contracts

Samples: Loan Agreement (Friedmans Inc), Loan Agreement (Friedmans Inc), Loan Agreement (Friedmans Inc)

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Unused Line Fee. The Borrower shall pay to the Lender an unused line a fee equal to one-eighth of one percent (.125%) 0.375% per annum of the average daily unused monthly amount of the maximum Loan commitment, unused portion of the Total Credit Facility. The unused line fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Datemonth hereafter.

Appears in 2 contracts

Samples: Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp)

Unused Line Fee. The Borrower shall pay to the Lender an unused line fee --------------- equal to one-eighth of one percent (.125%) the Unused Fee Amount per annum of on the average daily unused amount of the maximum Loan commitment, payable on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Date.

Appears in 2 contracts

Samples: Loan Agreement (Friedmans Inc), Loan Agreement (Friedmans Inc)

Unused Line Fee. The Borrower shall pay to the Lender an unused line fee equal to of one-eighth of one half percent (.1250.50%) per annum of the difference between the Maximum Revolving Loan Limit and the average daily unused amount balance of the maximum Loan commitmentRevolving Loans for each month, which fee shall be fully earned by Lender and payable monthly in arrears on the first day Business Day of each calendar quarter for the previous calendar quarter and month. Said fee shall be calculated on the Maturity Datebasis of a 360-day year.

Appears in 2 contracts

Samples: Loan and Security Agreement (Crdentia Corp), Loan and Security Agreement (Crdentia Corp)

Unused Line Fee. The Borrower shall pay to the Lender an unused line fee equal to one-eighth at the rate of one percent (.125%) 1/8th of 1% per annum (computed on the basis of a 360 day year and the actual number of days elapsed) on the average daily unused amount of the maximum Loan commitment, Commitment. Such fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter month, and on the Maturity Termination Date, unless the Commitment is terminated on an earlier date, in which event the unused line fee shall be paid on the date of such termination.

Appears in 2 contracts

Samples: Finance Agreement (White River Capital Inc), Finance Agreement (White River Capital Inc)

Unused Line Fee. The Borrower shall pay to the Lender an unused line fee equal to of one-eighth of one half percent (.125.5%) per annum of the difference between the Maximum Revolving Loan Limit and the average daily unused amount balance of the maximum Loan commitmentRevolving Loans for each month, which fee shall be fully earned by Lender and payable monthly in arrears on the first day last Business Day of each calendar quarter for the previous calendar quarter and month. Said fee shall be calculated on the Maturity Datebasis of a 360 day year.

Appears in 1 contract

Samples: Loan and Security Agreement (Infinity Inc)

Unused Line Fee. The Borrower shall agrees to pay to the Lender an unused line fee equal to at the rate of one-eighth of one quarter percent (.125.25%) per annum of on the average daily unused amount Unused Amount from the date of this Agreement to and including the maximum Loan commitmentTermination Date, which fee shall be fully earned by the Lender, due and payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter month and on the Maturity Termination Date. For the purposes of this Section 2.11(d), "Unused Amount" means the Maximum Line minus outstanding Advances.

Appears in 1 contract

Samples: Credit and Security Agreement (Ag Bag International LTD)

Unused Line Fee. (a) The Borrower shall pay to the Lender Bank an unused line fee equal to one-eighth quarter of one percent (.1251/4%) per annum computed on the average daily-unused balance of the average daily unused amount of the maximum Loan commitment, payable on the first day of each calendar quarter for the previous calendar quarter and on the Maturity DateMaximum Amount.

Appears in 1 contract

Samples: Loan and Security Agreement (Medallion Financial Corp)

Unused Line Fee. The Borrower shall pay to the Lender an unused line a fee equal to one-eighth of one percent (.125%) ..375% per annum of the average daily unused monthly amount by which $7,500,000 exceeds the sum of the maximum Loan commitment, outstanding principal balance of the Revolving Credit Loans plus the LC Amount. The unused line fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Datemonth hereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Joule Inc)

Unused Line Fee. The Borrower shall pay to the Lender an a monthly unused line fee equal to one-eighth in the amount of one half of one percent (.1250.50%) per annum of the average unused portion of the Maximum Revolving Credit Amount, calculated on the daily unused amount portion of the maximum Loan commitment, Maximum Revolving Credit Amount. The unused line fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter month and on the Maturity Termination Date.

Appears in 1 contract

Samples: Loan and Security Agreement (InterMetro Communications, Inc.)

Unused Line Fee. The Borrower shall pay to the Lender an unused line fee equal to of one-eighth half of one percent (.1251/2 of 1%) per annum of the difference between the Maximum Revolving Loan Limit and the average daily unused amount balance of the maximum Loan commitmentRevolving Loans plus the Letter of Credit Obligations for each month, which fee shall be fully earned by Lender and payable monthly in arrears on the first day Business Day of each calendar quarter for the previous calendar quarter and month. Said fee shall be calculated on the Maturity Datebasis of a 360 day year.

Appears in 1 contract

Samples: Loan and Security Agreement (Obsidian Enterprises Inc)

Unused Line Fee. The Borrower shall pay to the Lender an unused line a fee equal to one-eighth half of one percent (.1251/2%) per annum of the average daily unused monthly amount by which Sixteen Million Five Hundred Thousand Dollars ($16,500,000) exceeds the sum of the maximum Loan commitment, outstanding principal balance of the Revolving Credit Loans. The unused line fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Datemonth hereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

Unused Line Fee. The Borrower Borrowers shall pay to the Lender an unused line a fee equal to one-eighth of one half percent (.1250.5%) per annum of the average daily unused amount by which the sum of the maximum Average Monthly Loan commitment, Balance is less than the Total Credit Facility. The unused line fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Datemonth hereafter.

Appears in 1 contract

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

Unused Line Fee. The Borrower shall pay to the Lender an unused line a fee equal to one-eighth 1/2 of one percent (.125%) 1% per annum of the average daily unused monthly amount by which $6,000,000 exceeds the sum of the maximum Loan commitment, outstanding principal balance of the Revolving Credit Loans plus the LC Amount. The unused line fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Datemonth hereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Financial Performance Corp)

Unused Line Fee. The Borrower shall pay to the Lender an unused line a fee equal to one-eighth of one percent (.125%) .375% per annum of the average daily unused monthly amount by which $5,000,000 exceeds the sum of the maximum Loan commitment, outstanding principal balance of the Revolving Credit Loans. The unused line fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Datemonth hereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Pure World Inc)

Unused Line Fee. The Borrower shall agrees to pay to the Lender Bank an unused line fee equal to one-eighth of one percent (.125%) per annum of on the average daily unused amount portion of the maximum Loan commitment, payable on Commitment from the first day date of each calendar quarter for this Agreement until the previous calendar quarter and on end of the Maturity DateAvailability Period at a rate per annum equal to 0.10% of such average daily unused portion of the Commitment.

Appears in 1 contract

Samples: Term Loan Agreement (Royal Gold Inc)

Unused Line Fee. The Borrower shall pay to the Lender an unused line a fee equal to one-eighth half of one percent (.1250.50%) per annum of the average daily unused monthly amount by which Ten Million Dollars ($10,000,000) exceeds the sum of the maximum Loan commitmentoutstanding principal balance of the Revolving Credit Loans plus the LC Amount, in each case, during the preceding month. The unused line fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Datemonth hereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Meade Instruments Corp)

Unused Line Fee. The Borrower Borrowers shall jointly and severally pay to the Lender an unused line fee equal to of one-eighth quarter of one percent (.1250.25%) per annum of the difference between the Maximum Revolving Loan Limit and the average daily unused amount balance of the maximum Loan commitmentRevolving Loans plus the Letter of Credit Obligations for each month, which fee shall be fully earned by Lender and payable quarterly in arrears on the first day Business Day of each calendar quarter for the previous calendar quarter and quarter. Said fee shall be calculated on the Maturity Datebasis of a 360 day year.

Appears in 1 contract

Samples: Loan and Security Agreement (Wells Gardner Electronics Corp)

Unused Line Fee. The Borrower shall pay to the Lender an unused line a fee equal to one-eighth of one percent (.125%) 0.5% per annum of the average daily unused monthly amount by which the Total Credit Facility exceeds the sum of the maximum Loan commitment, outstanding principal balance of the Revolving Credit Loans and the Term Loans. The unused line fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Datemonth hereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Denali Inc)

Unused Line Fee. The Borrower shall pay to the Lender an unused line fee equal to of one-eighth fourth of one percent (.1251/4th of 1%) per annum of the difference between the Maximum Revolving Loan Limit and the average daily unused amount balance of the maximum Loan commitmentRevolving Loans plus the Letter of Credit Obligations for each month, which fee shall be fully earned by Lender and payable monthly in arrears on the first day last Business Day of each calendar quarter for the previous calendar quarter and month. Said fee shall be calculated on the Maturity Datebasis of a 360 day year.

Appears in 1 contract

Samples: Loan and Security Agreement (Perry-Judds Inc)

Unused Line Fee. The Borrower shall pay to the Lender an unused line fee equal to one-eighth of three quarters of one percent (.1250.75%) per annum of the difference between the Maximum Revolving Loan Limit and the average daily unused amount balance of the maximum Loan commitmentRevolving Loans plus the Letter of Credit Obligations for each month, which fee shall be fully earned by Lender and payable monthly in arrears on the first day Business Day of each calendar quarter for the previous calendar quarter and month. Said fee shall be calculated on the Maturity Datebasis of a 360 day year.

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Medical Products Inc)

Unused Line Fee. The Borrower shall agrees to pay to the Lender Bank an unused line fee equal to one-eighth of one percent (.125%) per annum of on the average daily unused amount portion of the maximum Loan commitmentCommitment from the date of this Agreement until the end of the Availability Period at a rate per annum equal to 0.10% (one-tenth of one percent) of such average daily unused portion of the Commitment, which shall be payable on the first day Business Day following the end of each calendar quarter for the previous calendar quarter and on the Maturity DateAvailability Period.

Appears in 1 contract

Samples: Term Loan Agreement (Royal Gold Inc)

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Unused Line Fee. The Borrower Borrowers shall pay to the Lender an unused line fee equal to one-eighth of one percent (.125%) .30% per annum of the difference between (i) the Maximum Revolving Loan Limit and (ii) the sum of (A) the average daily unused amount balance of the maximum Loan commitmentRevolving Loans plus (B) the Letter of Credit Obligations for each calendar quarter, which fee shall be fully earned by Lender and payable quarterly in arrears on the first day Business Day of each calendar quarter for the previous calendar quarter and quarter. Said fee shall be calculated on the Maturity Datebasis of a 360 day year.

Appears in 1 contract

Samples: Credit and Security Agreement (Lime Energy Co.)

Unused Line Fee. The Borrower shall pay to the Lender an unused line fee equal to one-eighth 0.375% of one percent the difference between (.125%1) per annum of the Maximum Revolving Loan Limit and (2) the average daily unused amount balance of the maximum Loan commitmentLoans plus the Letter of Credit Obligations for each month, which fee shall be fully earned by Lender and payable monthly in arrears on the first day Business Day of each calendar quarter for the previous calendar quarter and month. Said fee shall be calculated on the Maturity Datebasis of a 360 day year.

Appears in 1 contract

Samples: Loan and Security Agreement (Emcore Corp)

Unused Line Fee. The Borrower shall pay to the Lender an a per annum unused line fee equal to of one-eighth quarter of one percent (.1250.25%) per annum of the difference between the Maximum Revolving Loan Limit and the average daily unused amount balance of the maximum Loan commitmentRevolving Loans for each month, which fee shall be fully earned by Lender and payable monthly in arrears on the first day Business Day of each calendar quarter for the previous calendar quarter and month. Said fee shall be calculated on the Maturity Datebasis of a 360 day year.

Appears in 1 contract

Samples: Loan and Security Agreement (Tarpon Industries, Inc.)

Unused Line Fee. The Borrower Borrowers shall unconditionally pay to the Lender an unused line a fee ("Unused Line Fee") equal to one-eighth of one percent ten (.125%10) basis points per annum of the average daily unused amount by which $56,000,000 exceeds the outstanding principal balance of the maximum Loan commitmentsum of the Revolving Credit Loans plus the LC Amount. The Unused Line Fee shall be calculated and payable monthly, in arrears, and shall be due and payable on the first day Business Day of each calendar quarter for the previous calendar quarter month and on the Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Mothers Work Inc)

Unused Line Fee. The Borrower shall pay to Lender a fee (the Lender Unused Line Fee) in an unused line fee amount equal to one-eighth of one N/A percent (.125%N/A%) per annum of the daily average daily unused amount of difference between the maximum Loan commitment, Advance Limit and the Daily Balance during each month payable on or before the first (1st) day of each calendar quarter month for the previous preceding calendar quarter and on month, during the Maturity DateTerm, including the Renewal Term, or so long as the Obligations are outstanding. As of the date of this Agreement, there is no Unused Line Fee in this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Polar Power, Inc.)

Unused Line Fee. The Borrower Borrowers shall pay to the Lender an unused line fee at a rate equal to one-eighth of one percent quarter (.1251/4%) percent per annum calculated upon the amount by which eighty (80%) percent of the Maximum Credit exceeds the average daily unused amount principal balance of the maximum Loan commitmentoutstanding Loans and Letter of Credit Accommodations during such month (or part thereof), which fee shall be payable on the first day of following each calendar quarter for the previous calendar quarter and on the Maturity Dateapplicable month, in arrears.

Appears in 1 contract

Samples: Loan and Security Agreement (Trans World Entertainment Corp)

Unused Line Fee. The Borrower shall pay to the Lender an unused line fee equal to one-eighth of one percent (.125%) per annum of on the daily average daily unused amount of the maximum Borrowing Limit for the period from the date hereof through the Termination Date and thereafter for each consecutive three-month period or portion thereof while the Revolving Loan commitmentremains outstanding, at the rate of fifteen basis points (.0015%) per annum. Accrued unused line fees shall be payable on the first last business day of each calendar quarter for the previous calendar quarter and on the Maturity Datequarter.

Appears in 1 contract

Samples: Revolving Credit Agreement (Summer Infant, Inc.)

Unused Line Fee. The Borrower shall pay to the Lender an unused line a fee equal to one-eighth of one percent (.125%) .50% per annum of the average daily unused monthly amount by which the Total Credit Facility exceeds the sum of the maximum Loan commitment, outstanding principal balance of the Revolving Credit Loans. The unused line fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Datemonth hereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (KVH Industries Inc \De\)

Unused Line Fee. The Borrower shall pay to the Lender an unused line fee equal to of one-eighth fourth of one percent (.1251/4th of 1%) per annum of the difference between the Maximum Revolving Loan Limit and the average daily unused amount balance of the maximum Loan commitmentRevolving Loans plus the Letter of Credit Obligations for each month, payable which fee shall be fully earned by Lender on the first day of each calendar quarter for the previous calendar quarter month and payable quarterly. Said fee shall be calculated on the Maturity Datebasis of a 360 day year.

Appears in 1 contract

Samples: Loan and Security Agreement (Allied Healthcare Products Inc)

Unused Line Fee. The Borrower Borrowers shall pay to the Lender an unused line a fee equal to one-eighth half of one percent (.1251/2%) per annum of the average daily unused monthly amount by which Sixteen Million Five Hundred Thousand Dollars ($16,500,000) exceeds the sum of the maximum Loan commitment, outstanding principal balance of the Revolving Credit Loans. The unused line fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Datemonth hereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

Unused Line Fee. The Borrower shall pay to the Lender an unused line fee equal to at the rate of one-eighth quarter of one percent (.1250.25%) per annum of on the average daily unused amount of Unused Amount from the maximum Loan commitmentClosing Date to and including the Termination Date, due and payable on the first day of each calendar quarter Fiscal Quarter in arrears for the previous calendar quarter prior Fiscal Quarter, and on the Maturity Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Gaia, Inc)

Unused Line Fee. The Borrower shall pay to the Lender an unused line a fee equal to one-eighth of one percent (.125%) .25% per annum of the average daily unused monthly amount by which the total Credit Facility exceeds the sum of the maximum Loan commitmentoutstanding principal balance of the Revolving Credit Loans, Term Loans, and Equipment Loans plus the LC Amount. The unused line fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Datemonth hereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Tmci Electronics Inc)

Unused Line Fee. The Borrower shall pay to the Lender an unused line a fee equal to one-eighth of one percent (.125%) 0.5% per annum of the average daily unused monthly amount by which the Maximum Amount exceeds the sum of the maximum Loan commitment, outstanding principal balance of the Revolving Credit Loans. The unused line fee shall be payable monthly in arrears on the first day of each calendar quarter for the previous calendar quarter and on the Maturity Datemonth hereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Peregrine Real Estate Trust)

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