Unused Facility Fee. Borrower shall pay to each Bank an annualized three-tenths of one percent (0.30%) Unused Facility Fee, which shall be payable monthly on the first day of each month, and which shall be based upon the average amount of the Unused Facility for the preceding calendar month for each Bank relative to each such Bank’s Commitment. The average amount of the Unused Facility for any partial month shall be calculated based on the unused amounts in such partial month.
Appears in 3 contracts
Samples: Loan and Security Agreement (Portfolio Recovery Associates Inc), Loan and Security Agreement (Portfolio Recovery Associates Inc), Loan and Security Agreement (Portfolio Recovery Associates Inc)
Unused Facility Fee. Borrower shall pay to each Bank an annualized three-tenths of one percent (0.30%) Unused Facility Fee, which shall be payable monthly on the first day of each month, and which shall be based upon the average amount of the Unused Revolving Facility for the preceding calendar month for each Bank relative to each such Bank’s Commitment. The average amount of the Unused Revolving Facility for any partial month shall be calculated based on the unused amounts in such partial month.
Appears in 1 contract
Samples: Loan and Security Agreement (Portfolio Recovery Associates Inc)
Unused Facility Fee. Borrower shall pay to each Bank an annualized three-tenths threetenths of one percent (0.30%) Unused Facility Fee, which shall be payable monthly on the first day of each month, and which shall be based upon the average amount of the Unused Revolving Facility for the preceding calendar month for each Bank relative to each such Bank’s Commitment. The average amount of the Unused Revolving Facility for any partial month shall be calculated based on the unused amounts in such partial month.
Appears in 1 contract
Samples: Loan and Security Agreement (Portfolio Recovery Associates Inc)
