Unused Loan Fee. In addition to all other amounts due to Lender hereunder and under the Revolving Line of Credit Note, Borrower shall pay to Lender on the first Business Day of each April, July, October and January, an availability fee equal to 0.15% (15 basis points) per annum on the average daily unused available principal under the Note for the preceding quarter or portion thereof.
Unused Loan Fee. Borrower shall, as of the first day of each calendar quarter during the Term and as of the Maturity Date (for the immediately preceding fiscal quarter or portion thereof) pay to Administrative Agent for the benefit of Lenders a fee (the “Unused Loan Fee”) in an amount (as calculated for each day elapsed during the applicable period) equal to (i) a quarterly percentage equivalent to 0.25% per annum (based on a year of 360 days), multiplied by (ii) the daily amount for each such day (calculated as (A) $25,000,000, less (B) the outstanding principal balance of the Loans as of the end of such day; provided, that such calculated amount shall not, for any day, be less than zero (0)). The Unused Loan Fee shall commence to accrue on the date hereof and shall be payable in arrears.
Unused Loan Fee. If during any calendar quarter prior to the Termination Date (or portion of the calendar quarter for 1996 and the calendar quarter in which the Termination Date occurs), the average daily balance of the Revolving Loan is less than $45,000,000, Borrowers shall pay to Agent, for the ratable benefit of the Banks, in addition to any interest, late charges or liquidated damages due under this Agreement, an amount ("Unused Loan Fee") equal to the quotient of (i) an amount equal to (A) the positive difference between $45,000,000 and the average daily balance of the Revolving Loan during such calendar quarter (or portion of the calendar quarter for 1996 and the calendar quarter in which the Termination Date occurs), multiplied by (B) a rate equal to 0.15%, divided by (ii) four. The amount of any Unused Revolving Loan Fee shall be payable within five days after determination thereof by Agent and notice to Borrowers of the amount thereof.
Unused Loan Fee. If during any calendar quarter prior to the Termination Date (or portion of the calendar quarter for 1996 and the calendar quarter in which the Termination Date occurs), the average daily balance of the Revolving Loan is less than $45,000,000, the Company shall pay to Agent, for the ratable benefit of the Banks, in addition to any interest, late
Unused Loan Fee. Borrowers shall pay to Lender an unused line fee of one quarter of one percent (0.25%) per annum of the difference between (i) the Loan commitment and (ii) the average daily balance of Loan advances outstanding for each quarter, which fee shall be fully earned by Lender and payable quarterly in arrears on the first Business Day of each quarter; provided, however, that no unused line fee will accrue after the making of the second advance pursuant to Section 2.01.
Unused Loan Fee. In consideration of the Bank making the Loan available to the Borrower, the Borrower agrees to pay to the Bank a fee (the “Unused Loan Fee”) of 3/8% per annum of the amount not borrowed hereunder, payable on the last day of each December, March, June and September hereafter, and calculated by multiplying (a) the average difference during any quarterly period between the amount available hereunder and the total amount actually borrowed hereunder, and (b) 3/8% divided by 4. Such amount shall be due and payable ten (10) days after the end of each quarter set forth above.
Unused Loan Fee. Payable quarterly in arrears on the first day of the quarter following the quarter in which the Closing Date occurs, on the same day of each quarter occurring thereafter prior to the Maturity Date, and on the Maturity Date, a fee (the “Unused Loan Fee”) in an amount equal to one-quarter of one percent (0.25%) per annum of the average unused portion of the Borrowing Base. The unused portion of the Borrowing Base, for purposes of this calculation, shall be calculated on a calendar year basis and shall equal the difference between (x) the Borrowing Base, and (y) the average for the period of the daily closing balance of the Advances outstanding.
Unused Loan Fee. The Borrowers agree to pay to the Bank an unused facility fee (“Unused Loan Fee”) on the average daily unused balance of the Revolving Loan and the Line of Credit Loan from and including the Effective Date to but excluding the Revolving Maturity Date and the Line of Credit Maturity Date, as applicable, at a rate per annum equal to one-half of one percent (0.50%). The Unused Loan Fee is calculated based on a year of 360 days for the actual number of days elapsed. The accrued Unused Loan Fee shall be paid on the first day of each Fiscal Quarter, in arrears.
Unused Loan Fee. Borrowers shall pay to the Bank a fee (the "UNUSED LOAN FEE"), in arrears, on October 1, 1998, and on the first day of each calendar quarter thereafter, and on the Loan Expiration Date (the period from the date of this Agreement until and including October 1, 1998, and each calendar quarter thereafter, and the portion of any calendar quarter, if applicable, that includes the Loan Expiration Date, are referred to as the "UNUSED LOAN FEE CALCULATION PERIOD"). The Unused Loan Fee applicable to any Unused Loan Fee Calculation Period shall be the product derived by multiplying the Unused Loan Fee Rate times the average amount by which the Dollar Limitation during the applicable Unused Loan Fee Calculation Period exceeded the average daily outstanding principal amount of the Loan during that interval, divided by 360, multiplied by the number of days during the applicable Unused Loan Fee Calculation Period. The applicable Unused Loan Fee rate (the "UNUSED LOAN FEE RATE") shall be based upon the collective Funded Debt to Modified Borrower EBITDA of all Borrowers as of the end of the applicable Unused Loan Fee Calculation Period as set forth in LOAN FEE CALCULATION SCHEDULE attached to and made a part of this Agreement.
Unused Loan Fee. From and after the date that is six (6) months following the Closing Date and until the date that is eighteen (18) months following the Closing Date, the Borrower shall pay to the Administrative Agent for the account of the Lenders, in accordance with their Pro Rata Shares, an unused loan fee (the "Unused Loan Fee"), which shall accrue at the rate per annum of 1.0% on the excess, if any, of the Total Commitment over the principal amount of the Loans outstanding from time to time and shall be payable quarterly in arrears on the first day of each calendar quarter commencing on January 1, 2003.
