Minimum Usage Fee. At all times when the Revolving Credit Outstanding are less than or equal to 4025% of the Revolving Committed Amount (the amount of such deficiency, the “Minimum Usage”), the Borrowers agree to pay to the Administrative Agent, for the ratable benefit of the Revolving Lenders, a minimum usage fee (the “Minimum Usage Fee”) in an amount equal to (y) the Minimum Usage Percentage multiplied by (z) an amount equal to the average daily Minimum Usage. The Minimum Usage Fee shall be calculated on each anniversary of the Fifth Amendment Effective Date, annually in arrears, and shall accrue from the Fifth Amendment Effective Date and each priorsubsequent anniversary thereof (provided, that, to the extent the Obligations are paid in full prior to the end of any such anniversary, the Minimum Usage Fee shall be payable pro rata only for the number of days that elapse from the first day following the last anniversary date through the date the Obligations are paid in full); provided that, it is hereby acknowledged and agreed that no Minimum Usage Fee has accrued, nor is due or payable, in respect of the period ending on the Fifth Amendment Effective Date. For purposes of computation of the Minimum Usage Fee, Revolving Loans, Swingline Loans and LC Exposure shall be considered usage of the Revolving Committed Amount. Notwithstanding anything in this clause (d) to the contrary, solely for purposes of calculating the Minimum Usage and the Minimum Usage Fee (x) for the period beginning on the Effective Date and ending on the First Amendment Effective Date, the, which Revolving Committed Amount shall be deemed to be $40,000,000 (without giving effect to the First Amendment), (y) for the period beginning on the First Amendment Effective Date and ending on the Second Amendment Effective Date, the Revolving Committed Amount shall be deemed to be $75,000,000 (without giving effect to the Second Amendment) and (z) for all periods beginning on the first day following the Second Amendment Effective Date and thereafter (after giving effect to the Second Amendment), the Revolving Committed Amount shall be deemed to be $125,000,000310,000,000.
Minimum Usage Fee. The Agent shall have received the Minimum Usage Fee, if any.
Minimum Usage Fee. The Lender shall have received the Minimum Usage Fee, if any.
Minimum Usage Fee. Unless waived by Company in its sole discretion, We require a minimum fee of Fifty dollars ($50.00 USD) per Author per month for Our Services (the “Minimum-Usage Fee”). Accordingly, on the last day of the month, each Account Author shall be billed the greater of the Minimum-Usage Fee or the total amount due based on the selected Account Plan defined below. For the avoidance of doubt, even if an additional Author subaccount is added to an Account after the 1st day of the month, that Author’s $50.00 Minimum-Usage Fee shall not be pro-rated.
Minimum Usage Fee. If , as tested on the first Business Day of any month, the average principal balance of the Loans outstanding hereunder ("Average Usage") during the immediately preceding calendar month shall be an amount less than $120,000,000, the Borrower hereby agrees to pay to the Agent, for the account of the Lenders, a minimum usage fee ("Minimum Usage Fee"), computed at the rate of 80 basis points (.80%) per annum on the amount equal to the difference between the Maximum Credit and the Average Usage, in each case payable monthly in arrears on the first Business Day of the following month and on the Termination Date, such payment to be made in dollars in immediately available funds, without deduction, set-off or counterclaim, to the Agent at the account set forth in Section 3.01(a) hereof.
Minimum Usage Fee. The average annual outstanding borrowings under the Revolving Credit Note must equal or exceed the Deemed Minimum Loan Amount in order for the Borrower to avoid paying any Minimum Usage Fee under this Section 2.4.
Minimum Usage Fee. If, as tested on the first Business Day of each fiscal quarter, the average principal balance of the Loans outstanding hereunder ("Average Usage") during the immediately preceding fiscal quarter shall be an amount less than $120,000,000, the Borrowers hereby agree to pay to the Agent, for the account of the Lenders, a minimum usage fee ("Minimum Usage Fee"), computed at the rate of 70 basis points (0.70%) per annum on the amount equal to the difference between the Maximum Credit and the Average Usage, in each case payable quarterly in arrears on the first Business Day of the following fiscal quarter and on the Termination Date, such payment to be made in dollars in immediately available funds, without deduction, set-off or counterclaim, to the Agent at the account set forth in Section 3.01(a) hereof."
Minimum Usage Fee. Borrowers jointly and severally agree to pay to Lender a minimum usage fee for the period from the date hereof through the Termination Date calculated as provided in Section 3.2(e) of Schedule A hereto. Such usage fee shall be payable monthly in arrears on the last day of each calendar month until the Termination Date and on the Termination Date. The parties hereto agree that such usage fee, together with the other fees assessed hereunder, constitutes reasonable consideration for Lenders taking appropriate actions to be able to make available to Borrowers the Loans for such period.
Minimum Usage Fee. At all times when the Revolving Credit Outstanding are less than or equal to ***% of the Revolving Committed Amount (the amount of such deficiency, the “Minimum Usage”), the Borrowers agree to pay to the Administrative Agent, for the ratable benefit of the Revolving Lenders, a minimum usage fee (the “Minimum Usage Fee”) in an amount equal to (y) the Minimum Usage Percentage multiplied by (z) an amount equal to the average daily Minimum Usage. The Minimum Usage Fee shall be calculated on each anniversary of the Effective Date, annually in arrears, and shall accrue from the Effective Date and each prior anniversary thereof (provided, that, to the extent the Obligations are paid in full prior to the end of any such anniversary, the Minimum Usage Fee shall be payable pro rata only for the number of days that elapse from the first day following the last anniversary date through the date the Obligations are paid in full). For purposes of computation of the Minimum Usage Fee, Revolving Loans, Swingline Loans and LC Exposure shall be considered usage of the Revolving Committed Amount.
Minimum Usage Fee. Upon the occurrence of the Acquisition Event and for a period of eighteen (18) consecutive months thereafter, for any month in which the average outstanding principal amount under the Revolving Line is less than Eight Million Dollars ($8,000,000.00), a fee (the “Minimum Usage Fee”), payable monthly, in arrears, in an amount equal to the effective rate of interest set forth in Section 2.3(a) multiplied by the difference between (x) Eight Million Dollars ($8,000,000.00), and (y) the average outstanding principal amount of the Revolving Line during such month. Borrower shall not be entitled to any credit, rebate or repayment of any Minimum Usage Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and
