Common use of Availability Fee Clause in Contracts

Availability Fee. The Borrower agrees to pay to the Bank an availability fee on the average daily unused portion of the Commitment from the date of this Agreement until the Termination Date at the rate of .25% per annum, based on a year of 360 days, payable in arrears, during the term of the Commitment, commencing on September 29, 2000, and continuing on the same day of each quarterly anniversary thereafter, with a final payment due and payable on the date that all principal and accrued interest is paid in full.

Availability Fee. The Borrower agrees Borrowers hereby agree to pay to the Bank an ---------------- availability fee at the rate of 1/8 of 1% per annum on the average daily unused portion Unused Commitments. Such availability fee shall be payable quarterly in arrears on the last Business Day of each March, June, September and December in each year and on the Commitment from Revolving Credit Termination Date unless an Early Termination Date occurs, in which event the availability fee for the period to the date of this Agreement until the Termination Date at the rate of .25% per annum, based on a year of 360 days, payable termination in arrears, during the term of the Commitment, commencing on September 29, 2000, and continuing on the same day of each quarterly anniversary thereafter, with a final payment due and payable whole shall be paid on the date that all principal and accrued interest is paid in fullof such termination.