Common use of Upstream Payment Clause in Contracts

Upstream Payment. a Distribution by a Subsidiary of a Borrower to such Borrower or by a Subsidiary of Parent to Parent. Unused Line Fee: a fee equal to (a)(i) 0.25% per annum at any time Availability is less than $50,000,000 or (ii) 0.375% per annum at any time Availability is greater than or equal to $50,000,000 times (b) the average daily amount by which the Revolver Commitments exceed the outstanding principal amount of all Revolver Loans and aggregate undrawn amount of all outstanding Letters of Credit during any month (or such shorter period if calculated for the first month following the Closing Date or on the Commitment Termination Date).