Unused Portion Fee. In consideration of the Revolving Commitment, Borrower shall pay to Agent, for the ratable benefit of Banks, an Unused Portion Fee (hereinafter referred to as the "Unused Portion Fee") equivalent to one-quarter of one percent (1/4%) per annum of the differential between the average Elected Borrowing Limit and the Total Outstandings for the preceding three months. The Unused Portion Fee shall be payable in arrears on the last Business Day of each January, April, July and October, commencing on January 31, 2000. All amounts due under Section 8(a) of the Sixth Restated Loan Agreement as of the Effective Date as Unused Portion Fees shall be paid to Agent on the Effective Date. The final fee payment shall be due on the Maturity Date for any period then ending for which the Unused Portion Fee shall not have been theretofore paid. In the event the Revolving Commitment terminates on any date prior to the end of any such quarterly period, Borrower shall pay to Banks, on the date of such termination, the prorated portion of the total Unused Portion Fee due for such of the period in which such termination occurs.
Unused Portion Fee. To compensate Bank for the cost of reserving funds to be made available to Borrower under this Agreement, Borrower shall pay to Bank, for the benefit of Bank, on the last day of each fiscal quarter an unused revolving line fee (the "Unused Portion Fee") equal to the sum of the daily amounts by which the maximum aggregate principal amount of the Revolving Credit Commitment exceeds the actual principal amount of all Revolving Loans made hereunder. The Unused Portion Fee is calculated for each applicable day of such quarter in an amount equal to the excess of the maximum aggregate principal amount of the Revolving Credit Commitment over the principal amount of all outstanding advances under the Revolving Loans on such day, multiplied by one-quarter of one percent (1/4%). All fees and charges imposed on Borrower pursuant to this Agreement including, without limitation, the Unused Portion Fee accrued through the date of termination, shall be nonrefundable to Borrower, notwithstanding any prepayment and termination by Borrower of this Agreement.
Unused Portion Fee. The Borrower agrees to pay to the Administrative Agent for the account of the Banks an Unused Portion Fee on the average daily unused portion of the Revolving Credit Commitment from the Effective Date until the Termination Date at the rate determined in accordance with the Pricing Schedule. The Unused Portion Fee shall be payable in arrears on the first (1st) day of each quarter during the term of this Agreement and on the Termination Date. Upon receipt of any Unused Portion Fees, the Administrative Agent will promptly thereafter cause to be distributed such payments to the Banks in accordance with each Bank’s Pro Rata Share of such payments.
Unused Portion Fee. As additional consideration for issuing, or ------------------ causing to be issued, Loans for Borrowers at Borrowers' request pursuant to Paragraph 2.1 hereof, from and after the Closing Date, Borrowers shall pay to ------------- Bank a fee in an amount equal to the Revolving Credit Commitment less the average daily balance of the Loans (including the aggregate amount of all Letters of Credit) during the preceding quarter, multiplied by one-quarter of one percent (.25%) per annum, such fee to be calculated on the basis of a 360- day year for the actual number of days elapsed and to be payable quarterly in arrears on the first Business Day of August, 1998 and on the first Business Day of each calendar quarter thereafter.
Unused Portion Fee. Borrower shall pay to Agent for the account of Lenders in accordance with their Pro Rata Shares an annual commitment fee in the amount equal to the product of (i) .10% (ten basis points) and (ii) the Unused Portion. As used herein, "Unused Portion" shall mean $45,000,000 LESS the Total Utilization until the first borrowing of a Revolving Loan or issuance of a Letter of Credit hereunder which causes the Total Utilization to exceed $45,000,000, in which case, "Unused Portion" shall mean $70,000,000 LESS Total Utilization. Such fee shall accrue as of the date hereof until the Revolving Maturity Date, be payable quarterly in arrears and shall be deemed fully earned when due and non-refundable, in whole or in part, when paid.
Unused Portion Fee. The Borrower shall pay to Silicon a fee (collectively, the “Unused Line Fees” and individually, a “Unused Line Fee”) in an amount equal to [*] per annum of the average daily unused and undisbursed portion of the Maximum Credit Limit accruing during each month. The accrued and unpaid portion of the Unused Line Fee shall be paid by the Borrower to Silicon on the first day of each month, commencing on the first such date following the date hereof, and on the Maturity Date. Silicon agrees to waive the Unused Line Fee for any month in which the Borrower maintains monthly average balances in deposit and investment accounts with Silicon in excess of Ten Million Dollars ($10,000,000). Silicon Valley Bank Loan and Security Agreement Exim Bank Loan Fee [*] of the Exim Bank Loan Sublimit is due and payable in accordance with Section 1.8 of the Agreement, and annually thereafter.
Unused Portion Fee. The Borrower shall pay to Silicon a fee (collectively, the “Unused Line Fees” and individually, a “Unused Line Fee”) in an amount equal to three-eighths of one percent (0.375%) per annum of the average daily unused and undisbursed portion of the Credit Limit accruing during each month; provided, however, that during each Release Period and Borrower’s unencumbered cash held at Silicon is greater than $15,000,000, the Unused Line Fee shall be an amount equal to one quarter of one percent (0.25%) per annum of the average daily unused and undisbursed portion of the Credit Limit accruing during each month. The accrued and unpaid portion of the Unused Line Fee shall be paid by the Borrower to Silicon on the last day of each month, commencing on the first such date following the date hereof, and on the Maturity Date.
Unused Portion Fee. The Borrower agrees to pay to the Agent for the account of each Bank a commitment fee on the average daily unused portion of such Bank’s Commitment from the date of this Agreement until the Termination Date at the rate of one-tenth of one percent (1/10 of 1%) per annum, payable on the last day of each quarter during the term of such Bank’s Commitment, commencing November 30, 2003, and ending on the Termination Date. Upon receipt of any commitment fees, the Agent will promptly thereafter cause to be distributed such payments to the Banks in the proportion that each Bank’s unused Commitment bears to the total of all the Banks’ unused Commitments; provided, that any Additional Bank will not receive any payment of Unused Portion Fees earned or paid prior to the date this Agreement is executed by said Additional Bank. Further, no Unused Portion Fees will be paid for any given month during which the average monthly revolving balance exceeds $25,000,000 during each quarter the Unused Portion Fee is billed.
Unused Portion Fee. From and after June 21, 1994, Borrower shall pay to Agent, for the account of the Revolving Credit Lenders, a fee in an amount equal to the Revolving Credit Commitment less the average daily balance of the Revolving Credit Loans during the preceding quarter, multiplied by one-quarter of one percent (0.25%) per annum, such fee to be calculated on the basis of a 360-day year for the actual number of days elapsed and to be payable quarterly in arrears on the first Business Day of July, 1994 and on the first Business Day of each calendar quarter thereafter. Such amount shall be paid to Agent as provided in PARAGRAPH 4A(1) hereof.
Unused Portion Fee. The Borrower agrees to pay to the Bank a commitment fee on the average daily unused portion of the Bank’s Commitment from the date of this Agreement until the Termination Date at the rate of one-tenth of one percent (1/10 of 1%) per annum, payable on the last day of each quarter during the term of the Bank’s Commitment, commencing the first quarter end following the date of this Agreement, and ending on the Termination Date. Further, no Unused Portion Fees will be paid for any given month during which the average monthly revolving balance exceeds $3,100,000 during each quarter the Unused Portion Fee is billed.
