Common use of Unused Revolving Line Facility Fee Clause in Contracts

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly in arrears, on the first day of each quarter, in an amount equal to one-half of one percent (0.50%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided, under the Foreign Exchange Sublimit for FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, or suspension or termination of Bank’s obligation to make loans and advances hereunder;

Appears in 2 contracts

Samples: Loan and Security Agreement (Stereotaxis, Inc.), Loan and Security Agreement (Stereotaxis, Inc.)

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Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount per annum equal to one-half of one percent (0.50%) per annum the Unused Line Fee Percentage of the average unused portion of the Revolving Line, as reasonably determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided, provided and under the Foreign Exchange Sublimit for FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, or suspension or termination of Bank’s obligation to make loans and advances hereunder;; and

Appears in 2 contracts

Samples: Loan and Security Agreement (Axcelis Technologies Inc), Loan and Security Agreement (Axcelis Technologies Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half one quarter of one percent (0.500.25%) per annum of the average unused portion of the Revolving Line, as determined in good faith by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided, provided and under the Foreign Exchange Sublimit for FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, or suspension or termination of Bank’s obligation to make loans and advances hereunder;

Appears in 2 contracts

Samples: Loan and Security Agreement (Advanced BioHealing Inc), Loan and Security Agreement (Advanced BioHealing Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half of one percent (0.50%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall not include amounts reserved under the for products provided in connection with Cash Management Services Sublimit for products providedServices, under the Foreign Exchange Sublimit for FX Forward ContractsContracts or Letters of Credit. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder;, including during any Streamline Period; and

Appears in 2 contracts

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

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half of one quarter percent (0.500.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the for products provided in connection with Cash Management Services Sublimit for products providedServices, under the Foreign Exchange Sublimit for FX Forward ContractsContracts and Letter of Credit usage. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder;

Appears in 1 contract

Samples: Loan and Security Agreement (Telecommunication Systems Inc /Fa/)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half quarter of one percent (0.500.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided, provided and under the Foreign Exchange Sublimit for FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, or suspension or termination of Bank’s obligation to make loans and advances hereunder;; and

Appears in 1 contract

Samples: Loan and Security Agreement (Microfluidics International Corp)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half of one quarter percent (0.500.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall not include amounts reserved under the for products provided in connection with Letters of Credit, Cash Management Services Sublimit for products provided, under the Foreign Exchange Sublimit for and FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder, including during any Streamline Period;” and inserting the following in lieu thereof:

Appears in 1 contract

Samples: First Loan Modification Agreement (Wireless Ronin Technologies Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on a calendar year basis on the first day last Business Day of each quartermonth, in an amount equal to one-half quarter of one percent (0.500.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall not include amounts reserved under the for products provided in connection with Cash Management Services Sublimit for products provided, under the Foreign Exchange Sublimit for and FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder;, including during any Streamline Period; and” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Third Loan Modification Agreement (Luna Innovations Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half two tenths of one percent (0.500.20%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided, provided and under the Foreign Exchange Sublimit for FX Forward Contracts. Borrower Borrowers shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder;; and

Appears in 1 contract

Samples: Loan and Security Agreement (Relm Wireless Corp)

Unused Revolving Line Facility Fee. A In addition to the foregoing, as compensation for the Bank’s maintenance of sufficient funds available for such purpose, the Bank shall have earned a fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly quarterly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half quarter of one percent (0.500.25%) per annum of the average unused portion of the Revolving Line, as determined by Bankthe Bank (including any issued and outstanding Letters of Credit). The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided, under the Foreign Exchange Sublimit for FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by the Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, or suspension or termination of the Bank’s obligation to make loans and advances hereunder;; and

Appears in 1 contract

Samples: Loan and Security Agreement (Aprimo, INC)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount per annum equal to one-half of one percent (0.50%) per annum the Unused Line Fee Percentage of the average unused portion of the Revolving LineTotal Commitment, as reasonably determined by Bank. The unused portion of the Revolving LineTotal Commitment, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided, provided and under the Foreign Exchange Sublimit for FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, or suspension or termination of Bank’s obligation to make loans and advances hereunder;; and

Appears in 1 contract

Samples: Loan and Security Agreement (Axcelis Technologies Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable quarterly, in arrears, on a calendar year basis on the first day last Business Day of each quarter, in an amount equal to one-half of one percent (0.50%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall not include amounts reserved under the for products provided in connection with Cash Management Services Sublimit for products provided, under the Foreign Exchange Sublimit for and FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder;, including during any Streamline Period; and

Appears in 1 contract

Samples: Loan and Security Agreement (Luna Innovations Inc)

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Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-one half of one percent (0.50%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall not include amounts reserved under the Cash Management Other Services Sublimit for products provided, and under the Foreign Exchange Sublimit for FX Forward ContractsTerm Loan Balance Reserve. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, or suspension or termination of Bank’s obligation to make loans and advances hereunder;; and

Appears in 1 contract

Samples: Loan and Security Agreement (Sonic Foundry Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable quarterly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half three eighths of one percent (0.500.375%) per annum of the average unused portion of the Revolving Line, as reasonably determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided, provided and under the Foreign Exchange Sublimit for FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder;; and

Appears in 1 contract

Samples: Loan and Security Agreement (Bridgeline Software, Inc.)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half of one percent (0.50%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall not include amounts reserved under the for products provided in connection with Cash Management Services Sublimit for products providedServices, under the Foreign Exchange Sublimit for FX Forward ContractsContracts or Letters of Credit. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder;, including during any Streamline Period; and” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: First Loan Modification Agreement (NxStage Medical, Inc.)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half of one percent (0.50%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall not include amounts reserved under the for products provided in connection with any Letter of Credit Reserve, Cash Management Services Sublimit for products provided, under the Foreign Exchange Sublimit for and FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder, including during any Streamline Period;

Appears in 1 contract

Samples: Loan and Security Agreement (NMT Medical Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable monthly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half of one quarter percent (0.500.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall not include amounts reserved under the for products provided in connection with Letters of Credit, Cash Management Services Sublimit for products provided, under the Foreign Exchange Sublimit for and FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder, including during any Streamline Period;

Appears in 1 contract

Samples: Loan and Security Agreement (Wireless Ronin Technologies Inc)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable quarterly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to onethree-half of one eighths percent (0.50%0.375]%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided, provided and under the Foreign Exchange Sublimit for FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder;

Appears in 1 contract

Samples: Loan and Security Agreement (Jive Software, Inc.)

Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), which fee shall be paid quarterly payable quarterly, in arrears, on the first day of each quartera calendar year basis, in an amount equal to one-half quarter of one percent (0.500.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided, provided and under the Foreign Exchange Sublimit for FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section 2.4(d), notwithstanding any termination of the within Agreement, Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder;.

Appears in 1 contract

Samples: Loan and Security Agreement (Trustwave Holdings, Inc.)

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