Common use of Availability Fee Clause in Contracts

Availability Fee. As additional compensation to the Banks for their agreement to extend the Lines of Credit to Borrower, Borrower agrees to pay to each Bank an availability fee (the "Availability Fee") quarterly in arrears on the first day of each quarterly period (or portion thereof) commencing January 1, 1993 and at maturity. The Availability Fee due to each Bank for any quarterly period (or portion thereof) shall be an amount equal to the product of (i) the average daily unused amount of such Bank's Line of Credit available for disbursement during such period multiplied by (ii) 0.000625. Each Bank's Availability Fee shall be payable quarterly in arrears commencing January 1, 1993 and every three months thereafter on the first business day of each calendar quarter until the Maturity Date.

Availability Fee. As additional compensation to the Banks for their agreement to extend the Lines of Credit to Borrowerthe Co-Borrowers, Borrower agrees Co-Borrowers agree to pay to each Bank an availability fee (the "Availability Fee") quarterly in arrears on the first day of each quarterly period (or portion thereof) commencing January 1July 2, 1993 2001 and at maturity. The Availability Fee due to each Bank for any quarterly period (or portion thereof) shall be an amount equal to the product of (i) the average daily unused amount of such Bank's Line of Credit available for disbursement during such period multiplied by (ii) 0.000625. Each Bank's Availability Fee shall be payable quarterly in arrears commencing January July 1, 1993 2001, and every three (3) months thereafter on the first business day of each calendar quarter until the Maturity Date.