Common use of Usage Fee Clause in Contracts

Usage Fee. Borrower will pay a usage fee for the period from and including the date the Line was established to and including the maturity date of the Line at a rate per annum of .25% of the average daily unused portion of the Line (calculated on the basis of a year of 365 or 366 days as the case may be), with the accrued and unpaid usage fee being payable on the last day of each calendar quarter (beginning December 31, 1998)

Usage Fee. Borrower will pay a usage fee hereafter on September 30, 2002 and on the last day of each quarter for the period from and including the date the Line was established to and including the maturity date of the Line Line, a usage fee at a rate per annum of .25% of the average daily unused portion of the Line (calculated on during such period. The Borrower may at any time upon written notice to the basis Bank permanently reduce the amount of the Line at which time the obligation of the Borrower to pay a year of 365 or 366 days as the case may be), with the accrued and unpaid usage fee being payable on the last day of each calendar quarter (beginning December 31, 1998)shall thereupon correspondingly be reduced.

Usage Fee. Borrower will pay a usage fee hereafter on May 15, 1997 and on the same day of each quarter for the period from and including the date the Line was established to and including the maturity date of the Line Line, a usage fee at a rate per annum of .25% of the average daily unused portion of the Line (calculated on during such period. The Borrower may at any time upon written notice to the basis Bank permanently reduce the amount of the Line at which time the obligation of the Borrower to pay a year of 365 or 366 days as the case may be), with the accrued and unpaid usage fee being payable on the last day of each calendar quarter (beginning December 31, 1998)shall thereupon correspondingly be reduced.

Usage Fee. Borrower will pay a usage fee hereafter on April 10, 1998 and on the 10th day of each calendar quarter thereafter for the period from and including the date the Line was established January 1, 1998 to and including the maturity date of the Line Line, a usage fee at a rate per annum of .25% of the difference between $15,000,000 and the average daily unused outstanding principal balance under the Line of Credit Note. For purposes of this calculation, the portion of the Line (calculated on restricted due to issuance of Letters of Credit shall be deemed outstanding under the basis Line. The Borrower may at any time upon written notice to the Bank permanently reduce the amount of the Line at which time the obligation of the Borrower to pay a year of 365 or 366 days as the case may be), with the accrued and unpaid usage fee being payable on the last day of each calendar quarter (beginning December 31, 1998)shall thereupon correspondingly be reduced.