Common use of Revolving Commitment Fee Clause in Contracts

Revolving Commitment Fee. The Borrower agrees to pay to the Agent for the account of each Lender, for the period (including any portion thereof when its Revolving Commitment is suspended by reason of the Borrower’s inability to satisfy any condition of Article V) commencing on the Sixth Amended and Restated Effective Date and continuing through the Revolving Commitment Termination Date, a commitment fee at the rate equal to the Applicable Margin for Commitment Fees per annum on such Lender’s Percentage of the sum of the average daily unused portion of the Revolving Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first such day following the Sixth Amended and Restated Effective Date and on the Revolving Commitment Termination Date.

Appears in 2 contracts

Samples: Pledge Agreement (Novamed Inc), Credit Agreement (Novamed Inc)

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Revolving Commitment Fee. The Borrower agrees to pay to the Agent for the account of each Lender, for the period (including any portion thereof when its Revolving Commitment is suspended by reason of the Borrower’s inability to satisfy any condition of Article V) commencing on the Sixth Fifth Amended and Restated Effective Date and continuing through the Revolving Commitment Termination Date, a commitment fee at the rate equal to the Applicable Margin for Commitment Fees per annum on such Lender’s Percentage of the sum of the average daily unused portion of the Revolving Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first such day following the Sixth Fifth Amended and Restated Effective Date and on the Revolving Commitment Termination Date.

Appears in 2 contracts

Samples: Pledge Agreement (Novamed Inc), Credit Agreement (Novamed Inc)

Revolving Commitment Fee. The Borrower agrees to pay to the Agent for the account of each Lender, for the period (including any portion thereof when its Revolving Commitment is suspended by reason of the Borrower’s 's inability to satisfy any condition of Article V) commencing on the Sixth Third Amended and Restated Effective Date and continuing through the Revolving Commitment Termination Date, a commitment fee at the rate equal to the Applicable Margin for Commitment Fees per annum on such Lender’s 's Percentage of the sum of the average daily unused portion of the Revolving Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first such day following the Sixth Third Amended and Restated Effective Date and on the Revolving Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Novamed Eyecare Inc)

Revolving Commitment Fee. The Borrower agrees to pay to the tothe ------------------------ Agent for the account of each Lender, for the period (including any portion thereof when its Revolving Commitment is suspended by reason of the Borrower’s 's inability to satisfy any condition of Article V) commencing on the Sixth Amended and Restated Effective Date and continuing through --------- the Revolving Commitment Termination Date, a commitment fee at the rate equal to the Applicable Margin for Commitment Fees per annum on such Lender’s 's Percentage of the sum of the average daily unused portion of the Revolving Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first such day following the Sixth Amended and Restated Effective Date and on the Revolving Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Novamed Eyecare Inc)

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Revolving Commitment Fee. The Borrower agrees to pay to the Agent for the account of each Lender, for the period (including any portion thereof when its Revolving Commitment is suspended by reason of the Borrower’s inability to satisfy any condition of Article V) commencing on the Sixth Fourth Amended and Restated Effective Date and continuing through the Revolving Commitment Termination Date, a commitment fee at the rate equal to the Applicable Margin for Commitment Fees per annum on such Lender’s Percentage of the sum of the average daily unused portion of the Revolving Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first such day following the Sixth Fourth Amended and Restated Effective Date and on the Revolving Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Novamed Inc)

Revolving Commitment Fee. The Borrower agrees to pay to ------------------------ the Agent for the account of each Lender, for the period (including any portion thereof when its Revolving Commitment is suspended by reason of the Borrower’s 's inability to satisfy any condition of Article V) commencing on the Sixth Amended and Restated Effective Original --------- Closing Date and continuing through the Revolving Commitment Termination Date, a commitment fee at the rate equal to the Applicable Margin for Commitment Fees per annum on such Lender’s 's Percentage of the sum of the average daily unused portion of the Revolving Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first such day following the Sixth Amended and Restated Effective Original Closing Date and on the Revolving Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Novamed Eyecare Inc)

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