Common use of Availability Fee Clause in Contracts

Availability Fee. The Borrower shall pay to Bank an availability fee (the `Availability Fee") with respect to each calendar quarter during the term of the Revolving Credit Note, based on the unused amount of such Note. The Availability Fee shall be an amount equal to A x (B-C) x (D/E), where A is equal 1/4%; B equals the original amount of the Revolving Credit Note; C equals the average daily outstanding principal balance of the Revolving Credit Loan during the calendar quarter; D equal the actual number of days elapsed during the calendar quarter; and E equals 360. Each Availability Fee shall be due and payable to Bank quarterly, in arrears, within fifteen (15) days after Borrower's receipt of an invoice for the Availability Fee from Bank.

Availability Fee. The Borrower shall pay to Bank Lender an availability fee (the `"Availability Fee") with respect to each calendar quarter during the term of the Revolving Credit Note, based on the unused amount of such the Note. The Availability Fee shall be an amount equal to A x (B-C) x (D/D / E), where A is equal 1/4equals thirty-five hundredths of a percent (.35%); B equals the original amount of the Revolving Credit Note; C equals the average daily outstanding principal balance of the Revolving Line of Credit Loan during the calendar quarter; D equal equals the actual number of days elapsed during the calendar quarter; and E equals 360. Each Availability Fee shall be due and payable to Bank quarterly, Lender quarterly in arrears, within fifteen (15) days after Borrower's receipt of an invoice for the Availability Fee from BankLender.