Common use of Unused Commitment Fee Clause in Contracts

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one quarter percent (0.25%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in arrears on the first day after each calendar quarter end.

Appears in 1 contract

Samples: Microtel International Inc

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Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one quarter eighth percent (0.25.125%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in arrears on the first day after each calendar quarter endarrears.

Appears in 1 contract

Samples: Business Loan Agreement (Apollo Group Inc)

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one quarter percent (0.25.25%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of Sub-Facility A of the Line of Credit, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in arrears on the first day within ten (10) days after each calendar quarter endbilling is sent by Bank.

Appears in 1 contract

Samples: Credit Agreement (Advanced Materials Group Inc)

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one-half of one quarter percent (0.251/2%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly basis by Bank Credit and shall be due and payable by Borrower in arrears on the first day within ten (10) days after each calendar quarter endbilling is sent by Bank.

Appears in 1 contract

Samples: Credit Agreement (Allis Chalmers Corp)

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one-fifth of one quarter percent (0.250.20%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly an annual basis by Bank and shall be due and payable by Borrower in arrears on the first day within five (5) days after each calendar quarter endbilling is sent by Bank."

Appears in 1 contract

Samples: Credit Agreement (Motorcar Parts & Accessories Inc)

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one one-quarter percent (0.25.25%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in arrears on the first last day after of each calendar quarter endquarter.

Appears in 1 contract

Samples: Credit Agreement (First Consulting Group Inc)

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one-quarter of one quarter percent (0.25.25%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Of Credit, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in arrears on the first day within ten (10) days after each calendar quarter endbilling is sent by Bank.

Appears in 1 contract

Samples: Credit Agreement (Schlotzskys Inc)

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to fifteen hundredths of one quarter percent (0.250.15%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in arrears on the first day within fifteen (15) days after each calendar quarter endbilling is sent by Bank."

Appears in 1 contract

Samples: Active Voice Corp

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one quarter one-tenth percent (0.250.10%) per annum (computed on the basis of a 360-day year, actual days elapsed) on an amount by which the Maximum Availability exceeds the average daily unused amount average outstanding principal balance of the Line of CreditCredit (inclusive of L/C Contingent Obligations) but not taking into account the Out of Debt Period, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in arrears on the first day after each calendar quarter endSeptember 30 and every 3 months thereafter.

Appears in 1 contract

Samples: Credit Agreement (Natural Wonders Inc)

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one quarter percent (0.25.25%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly monthly basis by Bank and shall be due and payable by Borrower in arrears on the first day within ten (10) days after each calendar quarter endbilling is sent by Bank.

Appears in 1 contract

Samples: Credit Agreement (Natrol Inc)

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one quarter nine-hundredth percent (0.25.09%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in arrears on the first day within fifteen (15) days after each calendar quarter endbilling is sent by Bank.

Appears in 1 contract

Samples: Active Voice Corp

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one quarter one-eighth percent (0.251/8%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly calendar quarter basis by Bank and shall be due and payable by Borrower in arrears on the first day within fifteen (15) days after each calendar quarter endbilling is sent to Bank.

Appears in 1 contract

Samples: Credit Agreement (In Focus Systems Inc)

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Unused Commitment Fee. Borrower shall pay to Bank a fee equal to three-quarters of one quarter percent (0.250.75%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly monthly basis by Bank and shall be due and payable by Borrower in arrears on the first business day after each calendar quarter endof the following month.

Appears in 1 contract

Samples: Credit Agreement (Motorcar Parts & Accessories Inc)

Unused Commitment Fee. Borrower Borrowers shall pay to Bank a fee equal to one one-quarter percent (0.25.25%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly monthly basis by Bank and shall be due and payable by Borrower Borrowers in arrears on the first day within thirty (30) days after each calendar quarter endbilling is sent by Bank.

Appears in 1 contract

Samples: Credit Agreement (Dot Hill Systems Corp)

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one quarter tenth of one percent (0.25.10%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of CreditCredit and Letter of Credit Line, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in arrears on the first day after each calendar quarter endOctober 30, 1997 and every three months thereafter.

Appears in 1 contract

Samples: Credit Agreement (Natural Wonders Inc)

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one one-quarter percent (0.25%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in arrears on the first day after of each calendar quarter endquarter.

Appears in 1 contract

Samples: Credit Agreement (Emrise CORP)

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one-quarter of one quarter percent (0.25.250%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in arrears on the first last day after of each calendar quarter endMay, August, November and February.

Appears in 1 contract

Samples: Credit Agreement (Laser Power Corp/Fa)

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one quarter one-eighth percent (0.251/8%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly calendar quarter basis by Bank and shall be due and payable by Borrower in arrears on the first day within fifteen (15) days after each calendar quarter endbilling is sent by Bank.

Appears in 1 contract

Samples: Credit Agreement (In Focus Systems Inc)

Unused Commitment Fee. Borrower shall pay to Bank a fee equal to one quarter sixty-two hundredths percent (0.25%.0620) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in arrears on the first 15th day after of each calendar quarter endJanuary, April, July and October.

Appears in 1 contract

Samples: Credit Agreement (Knight Transportation Inc)

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