Common use of Unused Revolving Line Facility Fee Clause in Contracts

Unused Revolving Line Facility Fee. Payable quarterly in arrears, on the last day of each calendar quarter occurring prior to the Revolving Line Maturity Date, and on the Revolving Line Maturity Date, a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line for such calendar quarter, as determined by Bank (which determination shall be conclusive and binding absent manifest error). The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar quarter basis and shall equal the difference between (i) the Revolving Line, and (ii) the average for the period of the daily closing balance of the Revolving Line outstanding;

Appears in 3 contracts

Samples: Loan and Security Agreement (Health Catalyst, Inc.), Loan and Security Agreement (Health Catalyst, Inc.), Loan and Security Agreement (Health Catalyst, Inc.)

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Unused Revolving Line Facility Fee. Payable quarterly in arrears, arrears on the last first day of each calendar quarter occurring thereafter prior to the Revolving Line Maturity Date, and on the Revolving Line Maturity Date, a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to one quarter fifteen one-hundredths of one percent (0.250.15%) per annum of the average unused portion of the Revolving Line for such calendar quarterLine, as determined by Bank (which determination shall be conclusive and binding absent manifest error)Bank. The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar quarter year basis and shall equal the difference between (i) the Revolving Line, and (ii) the average for the period of the daily closing balance of the Revolving Line outstanding;; and

Appears in 2 contracts

Samples: Loan and Security Agreement (Carbon Black, Inc.), Loan and Security Agreement (Carbon Black, Inc.)

Unused Revolving Line Facility Fee. Payable quarterly in arrears, arrears on the last first day of each calendar quarter occurring prior to after the Revolving Line Maturity Date, Effective Date and on the Revolving Line Maturity Date, a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to one quarter thirty-five hundredths of one percent (0.250.35%) per annum of the average unused portion of the Revolving Line for such calendar quarterLine, as determined by Bank (which determination shall be conclusive and binding shall, absent manifest errorerror in calculation, be presumed correct). The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar quarter year basis and shall equal the difference between (i) the Revolving Line, and (ii) the average for the period of the daily closing balance of the Revolving Line Advances outstanding;

Appears in 1 contract

Samples: Loan and Security Agreement (Rosetta Stone Inc)

Unused Revolving Line Facility Fee. Payable quarterly in arrears, arrears on the last day of each calendar quarter occurring thereafter prior to the Revolving Line Maturity Date, and on the Revolving Line Maturity Date, a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to one one-quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line for such calendar quarterLine, computed on the basis of a year with the applicable number of days as determined by Bank (which determination shall be conclusive and binding absent manifest errorset forth in Section 2.4(d). The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar quarter year basis and shall equal the difference between (i) the Revolving Line, and (ii) the average for the period of the daily closing balance of the Revolving Line outstanding;; and

Appears in 1 contract

Samples: Loan and Security Agreement (Cancer Genetics, Inc)

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Unused Revolving Line Facility Fee. Payable quarterly in arrears, on the last day of each calendar quarter occurring prior to the Revolving Line Maturity Date, and on the Revolving Line Maturity DateDate (or upon any earlier termination of this Agreement in accordance with Section 2.4(b)), a fee (the “Unused Revolving Line Facility Fee”) in an amount equal to one one-quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line for such calendar quarterLine, as determined by Bank (which determination shall be conclusive and binding absent manifest error)Bank. The unused portion of the Revolving Line, for purposes of this calculation, shall be calculated on a calendar quarter year basis and shall equal the difference between (i) the Revolving Line, and (ii) the average for the period of the daily closing balance of the Revolving Line outstanding;; and

Appears in 1 contract

Samples: Loan and Security Agreement (Sensus Healthcare, Inc.)

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