Common use of Unused Line Fees Clause in Contracts

Unused Line Fees. The Domestic Borrowers agree to pay to the Administrative Agent for account of each Lender an unused line fee (the “Domestic Unused Line Fee”) on the average daily unused amount of such Lender’s Total Percentage of the Unused Domestic Commitment, from and including the Closing Date (or, in the case of a Lender that becomes a Lender after the date hereof pursuant to Section 15.2, the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender) to but excluding the date on which such Lender’s Commitment terminates, at a rate per annum equal to the Applicable Margin. The Foreign Borrowers agree to pay to the Administrative Agent for account of each Lender an unused line fee (the “Foreign Unused Line Fee” and, together with the Domestic Unused Line Fee, the “Unused Line Fees”) on the average daily unused amount of such Lender’s Total Percentage of the Unused Foreign Commitment, from and including the Closing Date (or, in the case of a Lender that becomes a Lender after the date hereof pursuant to Section 15.2, the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender) to but excluding the date on which such Lender’s Commitment terminates, at a rate per annum equal to the Applicable Margin. Accrued Unused Line Fees shall be payable in arrears on each Quarterly Date and on the date on which the Commitment of any Lender terminates, commencing on the first such date to occur after the date hereof. All Unused Line Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 2 contracts

Samples: Credit Agreement (Lionbridge Technologies Inc /De/), Credit Agreement (Lionbridge Technologies Inc /De/)

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Unused Line Fees. The Domestic (i) With respect to the Tranche A Subfacility, the Borrowers agree to thereunder shall, jointly and severally, pay to the Administrative Agent Agent, for the account of each Lender an unused line the Tranche A Revolving Lenders (other than any Defaulting Lender), a fee in Dollars equal to the Unused Line Fee Rate with respect to the Tranche A Subfacility multiplied by the average daily amount by which the Tranche A Revolving Commitments (other than Tranche A Revolving Commitments of a Defaulting Lender) the “Domestic sum of (x) the aggregate principal amount of Tranche A Revolving Loans (other than Swingline Loans) then outstanding and (y) the aggregate Stated Amount of outstanding Letters of Credit available to be drawn during any fiscal quarter (such fee, the "Tranche A Revolving Unused Line Fee") on and (ii) with respect to the average daily unused amount of such Lender’s Total Percentage of the Unused Domestic Commitment, from and including the Closing Date (or, in the case of a Lender that becomes a Lender after the date hereof pursuant to Section 15.2Delayed Draw Term Loan Facility, the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender) to but excluding the date on which such Lender’s Commitment terminates, at a rate per annum equal to the Applicable Margin. The Foreign Borrowers agree to U.S. Parent Borrower shall pay to the Administrative Agent Agent, for the account of each Lender an unused line the Delayed Draw Term Lenders (other than any Defaulting Lender), a fee in Dollars equal to the Unused Line Fee Rate with respect to the Delayed Draw Term Loan Facility multiplied by the amount of Delayed Draw Term Loan Commitments then remaining outstanding (other than Delayed Draw Term Loan Commitments of a Defaulting Lender) (the “Foreign "Delayed Draw Unused Line Fee" and, together with the Domestic Tranche A Revolving Unused Line Fee, the "Unused Line Fees”) "). The Tranche A Revolving Unused Line Fee shall accrue commencing on the average daily unused amount of such Lender’s Total Percentage first day following the Second Restatement Effective Date until the last day of the Unused Foreign CommitmentTranche A Revolving Availability Period, from and including the Closing Date (or, in the case of a Lender that becomes a Lender after the date hereof pursuant to Section 15.2, the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender) to but excluding the date on which such Lender’s Commitment terminates, at a rate per annum equal to the Applicable Margin. Accrued Unused Line Fees shall will be payable in arrears on each Quarterly Adjustment Date and on the date on which the Commitment of any Lender terminates, Tranche A Maturity Date. The Delayed Draw Unused Line Fee shall accrue commencing on the first such date to occur after day following the date hereofSecond Restatement Effective Date until the Delayed Draw Term Loan Commitment Termination Date, and will be payable in arrears on each Adjustment Date and on the Delayed Draw Term Loan Commitment Termination Date. All Each Unused Line Fees Fee shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day)elapsed.

Appears in 1 contract

Samples: Credit Agreement (SunOpta Inc.)

Unused Line Fees. The Domestic (i) With respect to the RevolvingTranche A FSubfacility, the Borrowers agree to thereunder shall, jointly and severally, pay to the Administrative Agent Agent, for the account of each Lender an unused line the Trance A Revolving Lenders (other than any Defaulting Lender), a fee in Dollars equal to the Unused Line Fee Rate with respect to the Tranche A Subfacility multiplied by the average daily amount by which the Tranche A Revolving Commitments (other than Tranche A Revolving Commitments of a Defaulting Lender) the “Domestic sum of (x) the aggregate principal amount of Tranche A Revolving Loans (other than Swingline Loans) then outstanding and (y) the aggregate Stated Amount of outstanding Letters of Credit available to be drawn during any fiscal quarter (such fee, the "Tranche A Revolving Unused Line Fee") on and (ii) with respect to the average daily unused amount of such Lender’s Total Percentage of the Unused Domestic Commitment, from and including the Closing Date (or, in the case of a Lender that becomes a Lender after the date hereof pursuant to Section 15.2Delayed Draw Term Loan Facility, the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender) to but excluding the date on which such Lender’s Commitment terminates, at a rate per annum equal to the Applicable Margin. The Foreign Borrowers agree to U.S. Parent Borrower shall pay to the Administrative Agent Agent, for the account of each Lender an unused line the Delayed Draw Term Lenders (other than any Defaulting Lender), a fee in Dollars equal to the Unused Line Fee Rate with respect to the Delayed Draw Term Loan Facility multiplied by the amount of Delayed Draw Term Loan Commitments then remaining outstanding (other than Delayed Draw Term Loan Commitments of a Defaulting Lender) (the “Foreign "Delayed Draw Unused Line Fee" and, together with the Domestic Tranche A Revolving Unused Line Fee, the "Unused Line Fees”) "). The Tranche A Revolving Unused Line Fee shall accrue commencing on the average daily unused amount of such Lender’s Total Percentage first day following the Second Restatement Effective Date until the last day of the Unused Foreign CommitmentTranche A Revolving Availability Period, from and including the Closing Date (or, in the case of a Lender that becomes a Lender after the date hereof pursuant to Section 15.2, the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender) to but excluding the date on which such Lender’s Commitment terminates, at a rate per annum equal to the Applicable Margin. Accrued Unused Line Fees shall will be payable in arrears on each Quarterly Adjustment Date and on the date on which the Commitment of any Lender terminates, RevolvingTranche A Maturity Date. The Delayed Draw Unused Line Fee shall accrue commencing on the first such date to occur after day following the date hereofSecond Restatement Effective Date until the Delayed Draw Term Loan Commitment Termination Date, and will be payable in arrears on each Adjustment Date and on the Delayed Draw Term Loan Commitment Termination Date. All Each Unused Line Fees Fee shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day)elapsed.

Appears in 1 contract

Samples: Credit Agreement (SunOpta Inc.)

Unused Line Fees. The Domestic (i) With respect to the Revolving Credit Facility, the Borrowers agree to shall, jointly and severally, pay to the Administrative Agent Agent, for account the pro rata benefit of each Lender an unused line the Revolving Lenders (other than any Defaulting Lender), a fee equal to the Unused Line Fee Rate multiplied by the amount by which the Revolving Commitments (other than Revolving Commitments of a Defaulting Lender) exceed the average daily balance of outstanding Revolving Loans during any fiscal quarter (such fee, the “Domestic Revolving Credit Facility Unused Line Fee”) on and (ii) with respect to the average daily unused amount of such Lender’s Total Percentage of the Unused Domestic Commitment, from and including the Closing Date (or, in the case of a Lender that becomes a Lender after the date hereof pursuant to Section 15.2Delayed Draw Term Loan Facility, the effective date specified in the Assignment Borrowers shall, jointly and Acceptance pursuant to which it became a Lender) to but excluding the date on which such Lender’s Commitment terminatesseverally, at a rate per annum equal to the Applicable Margin. The Foreign Borrowers agree to pay to the Administrative Agent Agent, for account the pro rata benefit of each Lender an unused line the Delayed Draw Term Loan Lenders (other than any Defaulting Lender), a fee equal to the Unused Line Fee Rate multiplied by the amount by which the Delayed Draw Term Loan Commitments (other than Delayed Draw Term Loan Commitments of a Defaulting Lender) exceed the average daily balance of outstanding Delayed Draw Term Loans during any fiscal quarter (such fee, the “Foreign Delayed Draw Term Loan Facility Unused Line Fee”, and, together with the Domestic Revolving Credit Facility Unused Line Fee, the “Unused Line Fees”) ). Such fees shall accrue commencing on the average daily unused amount of such Lender’s Total Percentage of the Unused Foreign CommitmentClosing Date, from and including the Closing Date (or, in the case of a Lender that becomes a Lender after the date hereof pursuant to Section 15.2, the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender) to but excluding the date on which such Lender’s Commitment terminates, at a rate per annum equal to the Applicable Margin. Accrued Unused Line Fees shall will be payable in arrears on each Quarterly Date and arrears, on the date on which the Commitment fifth day of any Lender terminateseach fiscal quarter, commencing on the first such date to occur after the date hereof. All Unused Line Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day)January 5, 2020.

Appears in 1 contract

Samples: Credit Agreement (Resolute Forest Products Inc.)

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Unused Line Fees. The Domestic Borrowers agree Accruing for each day from the Closing Date until the Expiration Date (and without regard to whether the conditions to making Revolving Credit Loans are then met), the Borrower agrees to pay to the Administrative Agent for the account of each Lender an according to its Ratable Share, a nonrefundable unused line fee (the “Domestic Unused Line Fee”) on the average daily unused amount of such Lender’s Total Percentage of the Unused Domestic Commitmentin Dollars, from and including the Closing Date (or, in the case of a Lender that becomes a Lender after the date hereof pursuant to Section 15.2, the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender) to but excluding the date on which such Lender’s Commitment terminates, at a rate per annum equal to the Applicable Margin. The Foreign Borrowers agree to pay to the Administrative Agent Margin for account of each Lender an unused line fee (the “Foreign Unused Line Fee” and, together with the Domestic Unused Line Fee, the “Unused Line Fees”) on the average daily unused amount of Fee for such Lender’s Total Percentage of the Unused Foreign Commitment, from and including the Closing Date day (or, in the case of a Lender that becomes a Lender after the date hereof pursuant to Section 15.2, the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender) to but excluding the date on which such Lender’s Commitment terminates, at a rate per annum equal to the Applicable Margin. Accrued Unused Line Fees shall be payable in arrears on each Quarterly Date and on the date on which the Commitment of any Lender terminates, commencing on the first such date to occur after the date hereof. All Unused Line Fees shall be computed on the basis of a year of 360 days and actual days elapsed) multiplied by the difference for such day between the amount of (a) the Revolving Credit Commitments minus (b) the Revolving Facility Usage (provided, however, that solely in connection with determining the share of each Lender in the Unused Line Fee, the Revolving Facility Usage with respect to the portion of the Unused Line Fee allocated to PNC shall include the full amount of the outstanding Swingline Loans, and with respect to the portion of the Unused Line Fee allocated by the Administrative Agent to all of the Lenders other than PNC, such portion of the Unused Line Fee shall be calculated (according to each such Lender's Ratable Share) as if the Revolving Facility Usage excludes the outstanding Swingline Loans); provided, that no Defaulting Lender shall be entitled to receive any Unused Line Fee for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such Unused Line Fee that otherwise would have been required to have been paid to that Defaulting Lender). Subject to the proviso in the directly preceding sentence, all Unused Line Fees shall be payable for the actual number of days elapsed (including the first day but excluding the last day)in arrears on each applicable Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Richardson Electronics, Ltd.)

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