Unused Facility Fees. Borrowers shall pay to Lender an unused facility fee equal to one-half of one percent (0.50%) multiplied by the average daily Unused Commitment Amount, from the date of this Agreement until the Commitment Termination Date. The unused facility fees shall be due and payable quarterly in arrears on the last day of each March, June, September, and December commencing on March 31, 2013 and continuing thereafter through and including the Commitment Termination Date.
Unused Facility Fees. During the period from the Effective Date to but excluding the Maturity Date, the Borrower agrees to pay to the Administrative Agent for the account of the Lenders an unused facility fee equal to the sum of the daily amount by which the aggregate amount of the Commitments exceeds the aggregate outstanding principal balance of Revolving Loans and Letter of Credit Liabilities set forth in the table below multiplied by the corresponding per annum rate: Amount by Which Commitments Exceed Revolving Loans and Letter of Credit Liabilities Unused Fee $0 to and including an amount equal to 50% of the aggregate amount of Commitments 0.30 % Greater than an amount equal to 50% of the aggregate amount of Commitments 0.40 % Such fee shall be computed on a daily basis and payable quarterly in arrears on the first day of each January, April, July and October during the term of this Agreement and on the Maturity Date or any earlier date of termination of the Commitments or reduction of the Commitments to
Unused Facility Fees. The Borrower shall pay to the Administrative Agent for the account of each Bank an unused facility fee equal to one-fifth of one percent (0.20%) per annum of the amount equal to the difference between (i) such Bank's Revolving Commitment (less such Bank's Commitment Percentage of any issued and outstanding Letters of Credit) and (ii) such Bank's Commitment Percentage of the outstanding principal balance of all Advances made hereunder, computed on a daily balance basis in arrears, commencing as of the Closing Date, and becoming due and payable on the last Business Day of each Quarter, with the final payment to be made on the Termination Date; PROVIDED HOWEVER that in the case of the Administrative Agent, the unused facility fee shall be equal to one-fifth of one percent (0.20%) of the amount equal to the difference between (i) the Administrative Agent's Revolving Commitment (less the Administrative Agent's Commitment Percentage of any issued and outstanding Letters of Credit) and (ii)(A) the Administrative Agent's Commitment Percentage of the outstanding principal balance of all Advances made hereunder and (B) 100% of the outstanding principal balance of all Swing-Line Advances made hereunder, computed on a daily balance basis in arrears, commencing as of the Closing Date and becoming due and payable on the last Business Day of each Quarter, with the final payment to be made on the Termination Date.
Unused Facility Fees. Commencing on the earlier of (i) the Initial Funding Date and (ii) August 1, 2023, the Borrower has agreed to pay to each Lender, through the Administrative Agent, an Unused Facility Fee for each day, which Unused Facility Fee shall accrue on each day from the earlier of (i) the Initial Funding Date and (ii) August 1, 2023, to (but excluding) the earlier of (A) the date which is one month prior to the Contractual Maturity Date or (B) such other date on which the Revolving Commitments have been terminated, and Unused Facility Fees accrued during any calendar month shall be due and payable in arrears on the first Payment Date following such calendar month; provided that all accrued and unpaid Unused Facility Fees shall be due and payable on the Contractual Maturity Date.
Unused Facility Fees. If, during any calendar month, the sum of (i) the average daily unpaid balance of the Revolving Advances for each day of such calendar month, plus (ii) the average daily outstanding face amount of Letters of Credit for each day of such calendar month, does not equal the Maximum Revolving Advance Amount, then the Borrowers shall pay to the Agent for the ratable benefit of the Lenders a fee at a rate per annum equal to (x) the Applicable Unused Facility Fee Percentage multiplied by (y) the amount by which the Maximum Revolving Advance Amount exceeds such aggregate average daily sum. Such fee shall be payable to the Agent in arrears on the first (1st) day of each calendar month after the date hereof until the Facility Termination Date and on the Facility Termination Date.
Unused Facility Fees. Quarterly, on March 31st, June 30th, September 30th and December 30th of each year (each a "Facility Fee Payment Date") during which the Line of Credit is available to the Borrowers or during which amounts are owing to the Bank under the Line of Credit, the Borrowers will pay to the Bank an unused facility fee equal to one quarter of one percent (0.25%) per annum of the average daily undisbursed face amount of the Line of Credit during the three months immediately preceding the applicable Facility Fee Payment Date. (c)
Unused Facility Fees. Within ten (10) days of the last day of each fiscal quarter, a fee equal to one quarter of one percent (0.25%) of the difference between the Letter of Credit Line and the average Daily Balance during such quarter (the "Unused Facility Fees"), provided that Bank waives such fee for each quarter in which the Borrowers maintain an aggregate daily average deposit balance with Bank of at least $2,500,000 above the level required under Section 3.2(b).
Unused Facility Fees. The Borrower shall pay to the Administrative Agent, for the account of the Lenders, unused facility fees for the period from and after the Closing Date until but excluding the Revolving Loan Maturity Date in an amount equal to the Unused Revolving Loan Commitments multiplied by 0.50% per annum. The unused facility fees shall be calculated on the basis of a 360-day year and the actual number of days elapsed and shall be payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, commencing on the first such date to occur after the Closing Date, and on the Revolving Loan Maturity Date. Notwithstanding anything to the contrary herein, any unused facility fee accrued with respect to any of the Commitments of a Defaulting Lender during the Fiscal Quarter prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such unused facility fee shall otherwise have been due and payable by the Borrower prior to such time; and provided further that no unused facility fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be Defaulting Lender.
Unused Facility Fees. Borrower agrees to pay to Administrative Agent, for distribution to each Lender in proportion to that Lender’s Pro Rata Share, unused facility fees for the period from and including the Closing Date to and excluding the Maturity Date equal to the average of the daily excess of the Revolving Loan Commitments over the aggregate principal amount of outstanding Revolving Loans (but not any outstanding Letter of Credit Usage) multiplied by 2.00%, such unused facility fees to be calculated on the basis of a 365-day or 366-day year, as the case may be, and the actual number of days elapsed and to be payable monthly in arrears on the first Business Day of each calendar month for the preceding calendar month, and on the Maturity Date.
Unused Facility Fees. During the period from the ninetieth (90th) day following the Effective Date to but excluding the Commitment Expiration Date, the Borrower agrees to pay to the Administrative Agent for the account of the Lenders an unused facility fee equal to (i) the sum of the daily amount by which the aggregate amount of the Commitments exceeds the aggregate amount of the Loans theretofore advanced multiplied by (ii) 0.35%. Such fee shall be computed on a daily basis and payable monthly in arrears on the first day of each month from and after the first day of the month after the ninetieth (90th) day following the Effective Date to and including the first day of the month following the Commitment Expiration Date or any earlier date on which the Loans are due or declared due.
