Common use of Availability Fee Clause in Contracts

Availability Fee. The Borrower agrees to pay to the Bank an Availability Fee at a rate equal to three-eighths of one percent (3/8%) per annum on the average daily unused portion of the Working Capital Revolving Credit for the period from the date of this Agreement to and including November 30, 1995, and 106 thereafter until full payment of the Eleventh Amended and Restated Working Capital Revolving Credit Note. Accrued availability fees shall be payable quarterly in arrears on the first day of each January, April, July and October commencing on the first such day after the date of this Agreement.

Availability Fee. The Borrower agrees to pay to the Bank an Availability Fee at a rate equal to three-eighths of one percent (3/8%) per annum on the average daily unused portion of the Working Capital Revolving Credit for the period from the date of this Agreement to and including November June 30, 19951996, and 106 thereafter until full payment of the Eleventh Amended and Restated Working Capital Revolving Credit Note. Accrued availability fees shall be payable quarterly in arrears on the first day of each January, April, July and October commencing on the first such day after the date of this Agreement.