Common use of Unused Commitment Fee Clause in Contracts

Unused Commitment Fee. Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, which fee will be calculated daily at two-tenths of one percent (0.20%) per year based on the daily unused Commitment. The fee is payable quarterly in arrears, commencing on April 1, 2018 and continuing on each July 1, October 1, January 1 and April 1 thereafter through the full and final repayment of the Loan and the termination of the Commitment.

Appears in 2 contracts

Sources: Line of Credit Loan Agreement, Line of Credit Loan Agreement (Limoneira CO)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, which determined by the weighted average loan balance maintained during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) 1/4% per year based on the daily unused Commitmentyear. The This fee is payable quarterly in arrears, commencing due on April 1, 2018 and continuing on each July 1, October 11998 and on the 1st day of each following quarter, January 1 and April 1 thereafter through until the full and final repayment expiration of the Loan and the termination of the Commitmentavailability period.

Appears in 1 contract

Sources: Business Loan Agreement (Ventana Medical Systems Inc)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit the Line of Credit it actually uses, which determined by the average of the daily amount of credit outstanding under the Line of Credit during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) a rate per year based on equal to the daily unused Commitment. The fee is payable quarterly "Fee Margin" as determined in arrears, commencing on April accordance with Section 1, 2018 and continuing on each July 1, October 1, January 1 and April 1 thereafter through the full and final repayment of the Loan and the termination of the Commitment.

Appears in 1 contract

Sources: Loan Agreement (Craft Brewers Alliance, Inc.)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Revolving Commitment and the amount of credit it actually uses, which determined by the daily amount of credit outstanding during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) per year based the Applicable Rate. This fee is due on the daily unused Commitment. The fee is payable quarterly in arrears, commencing on April 1, 2018 and continuing on each July 1, October 1, January 1 and April 1 thereafter through the full and final repayment last day of the Loan calendar month following the Closing Date, and on the termination last day of each following quarter until the expiration of the Commitmentavailability period.

Appears in 1 contract

Sources: Credit Agreement (Bowman Consulting Group Ltd.)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment Credit Limit and the amount of credit it actually uses, which determined by the daily amount of credit outstanding during the specified period. The fee will be calculated daily at twoone-tenths fifth of one percent (0.20%) per year based ). This fee is due on September 30, 2021, and on the daily unused Commitment. The fee is payable quarterly in arrears, commencing on April 1, 2018 and continuing on same day of each July 1, October 1, January 1 and April 1 thereafter through following quarter until the full and final repayment expiration of the Loan and the termination of the Commitmentavailability period.

Appears in 1 contract

Sources: Credit Agreement (Bowman Consulting Group Ltd.)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment Credit Limit and the amount of credit it actually uses, which determined by the daily amount of credit outstanding during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) 0.25% per year based year. This fee is due on April 30, 2019, and on the daily unused Commitment. The fee is payable quarterly in arrears, commencing on April 1, 2018 and continuing on last day of each July 1, October 1, January 1 and April 1 thereafter through following month until the full and final repayment expiration of the Loan and the termination of the Commitmentavailability period.

Appears in 1 contract

Sources: Loan Agreement (CUI Global, Inc.)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Line of Credit Commitment and the amount of credit it actually uses, which determined by the daily amount of credit outstanding during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) 0.50% per year based year. is fee is due on December 31, 2010 and on the daily unused Commitment. The fee is payable quarterly in arrears, commencing on April 1, 2018 and continuing on last day of each July 1, October 1, January 1 and April 1 thereafter through following quarter until the full and final repayment expiration of the Loan and the termination of the Commitmentavailability period.

Appears in 1 contract

Sources: Loan Agreement (Game Trading Technologies, Inc.)

Unused Commitment Fee. The Borrower agrees to pay a fee of 3/8% per annum on any difference between the Commitment and the amount of credit it actually uses, which determined by the weighted average loan balance maintained during the prior fiscal quarter. The fee will be calculated daily at two-tenths as of one percent (0.20%) per year based the end of each fiscal quarter. This fee is due on January 10, 1998, and on the daily unused Commitment. The fee is payable quarterly in arrears, commencing on April 1, 2018 and continuing on 10th day of each July 1, October 1, January 1 and April 1 thereafter through following fiscal quarter until the full and final repayment expiration of the Loan and the termination of the Commitmentavailability period.

Appears in 1 contract

Sources: Business Loan Agreement (Amplicon Inc)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Revolving Credit Facility Commitment and the amount of credit it actually uses, which determined by the daily amount of credit outstanding during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) 0.25% per year based year. This fee is due on December 31, 2015, and on the daily unused Commitment. The fee is payable quarterly in arrears, commencing last day of each following quarter and on April 1, 2018 and continuing on each July 1, October 1, January 1 and April 1 thereafter through the full and final repayment Revolving Facility Expiration Date until the expiration of the Loan and the termination of the CommitmentAvailability Period.

Appears in 1 contract

Sources: Loan Agreement (Versar Inc)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment Credit Limit and the amount of credit it actually uses, which determined by the weighted average credit outstanding during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) % per year based year. This fee is due on the daily unused Commitment. The fee is payable quarterly in arrears, commencing on April 1, 2018 and continuing on first day of each July 1, October 1, January 1 and April 1 thereafter through month until the full and final repayment of the Loan and the termination of the CommitmentExpiration Date.

Appears in 1 contract

Sources: Business Loan Agreement (Calgene Inc /De/)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, which determined by the weighted average credit outstanding during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) 0.125% per year based year. This fee is due on January 1, 1998, and on the daily unused Commitment. The fee is payable quarterly in arrears, commencing on April 1, 2018 and continuing on first day of each July 1, October 1, January 1 and April 1 thereafter through following quarter until the full and final repayment expiration of the Loan and the termination of the Commitmentavailability period.

Appears in 1 contract

Sources: Business Loan Agreement (Arterial Vascular Engineering Inc)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, which determined by the daily amount of credit outstanding during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) 0.25% per year based year. This fee is due on June 30, 2024, and on the daily unused Commitment. The fee is payable quarterly in arrears, commencing on April 1, 2018 and continuing on last day of each July 1, October 1, January 1 and April 1 thereafter through the full and final repayment following quarter until expiration of the Loan and the termination of the Commitmentavailability period.

Appears in 1 contract

Sources: Loan Agreement (Lifevantage Corp)

Unused Commitment Fee. The Borrower agrees to pay a fee on any --------------------- difference between the Commitment and the amount of credit it actually uses, which determined by the weighted average loan balance maintained during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) .25% per year based on the daily unused Commitmentyear. The This fee is payable due on September 30, 1997, and quarterly in arrearsthereafter until July 31, commencing on April 1, 2018 and continuing on each July 1, October 1, January 1 and April 1 thereafter through the full and final repayment of the Loan and the termination of the Commitment1999.

Appears in 1 contract

Sources: Business Loan Agreement (Prolong International Corp)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment amount available under the Aggregate Commitments and the Outstanding Amounts, determined by the average of the daily amount of credit it actually uses, which outstanding during the prior quarter (“Unused Amount”). The fee will be calculated daily at two-tenths of one percent (0.20%) 0.15% per year based on times the daily unused CommitmentUnused Amount. The This fee is payable on a quarterly in arrears, commencing basis and is due on April 1, 2018 and continuing on each July 1, October 1, January 1 and April 1 thereafter through the full and final repayment 5th day after the end of the Loan applicable calendar quarter and is due on the termination of the CommitmentMaturity Date.

Appears in 1 contract

Sources: Credit Agreement (Bairnco Corp /De/)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, which determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) 0.15% per year based year. This fee is due on the daily unused Commitment. The fee is payable quarterly in arrears, first day of the second month following each calendar quarter commencing on April 1, 2018 and continuing on each July 1, October 1, January 1 2007 and April 1 thereafter through continuing until the full Expiration Date and final repayment of on the Loan and the termination of the CommitmentExpiration Date.

Appears in 1 contract

Sources: Business Loan Agreement (Calavo Growers Inc)

Unused Commitment Fee. Borrower agrees to pay a fee on any difference between the Revolving Loan Commitment and the amount of credit it actually uses, which determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) 0.30% per year based on the daily unused Commitmentyear. The fee is payable quarterly in arrears, commencing monthly on April 1, 2018 and continuing on each July 1, October 1, January 1 and April 1 thereafter through the full and final repayment of the Loan and the termination of the CommitmentInterest Payment Date.

Appears in 1 contract

Sources: Loan Agreement (DLH Holdings Corp.)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually usesuses (including the undrawn and the drawn but unreimbursed amounts of letters of credit), which determined by the weighted average loan balance maintained during the specified period. The fee will be calculated daily at two-tenths 0.125% per year, pro rated for any portion of one percent (0.20%) per year based on a year. This fee will be due 10 days from the daily unused Commitment. The fee is payable quarterly in arrearsBank's billing date for each calendar quarter, commencing on April 1with the quarter ending June 30, 2018 and continuing on each July 1, October 1, January 1 and April 1 thereafter through the full and final repayment of the Loan and the termination of the Commitment1997.

Appears in 1 contract

Sources: Business Loan Agreement (Dura Pharmaceuticals Inc/Ca)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, which determined by the average of the daily amount of credit outstanding during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) 0.25% per year based on the daily unused Commitmentyear. The fee is payable quarterly in arrearsdue on March 31, commencing 2003, and on April 1, 2018 and continuing on the last day of each July 1, October 1, January 1 and April 1 quarter thereafter through until the full and final repayment expiration of the Loan and the termination of the Commitmentavailability period.

Appears in 1 contract

Sources: Business Loan Agreement (Motorcar Parts & Accessories Inc)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Additional Revolving Commitment and the amount of credit it actually uses, which determined by the weighted average credit outstanding during the specified period. The fee will be calculated daily at two-tenths 0.25% per year. This fee shall be calculated in arrears as of one percent (0.20%) per year based the end of each calendar quarter, and is payable on the daily unused Commitment. The fee is payable quarterly in arrears, commencing on April 1, 2018 and continuing on each July 1, October 1, January 1 and April 1 thereafter through the full and final repayment 15th day of the Loan calendar month beginning immediately after each calendar quarter end. Each such fee shall be fully earned when paid and the termination of the Commitmentshall be non-refundable.

Appears in 1 contract

Sources: Credit Agreement (Southwest Water Co)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, which determined by the daily amount of credit outstanding during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) per year based on the daily unused CommitmentApplicable Rate. The This fee is payable due quarterly in arrears, arrears commencing on April 1September 30, 2018 2013, and continuing on the last day of each July 1, October 1, January 1 and April 1 thereafter through following quarter until the full and final repayment expiration of the Loan and the termination of the Commitmentavailability period hereunder.

Appears in 1 contract

Sources: Revolving Credit Loan Agreement (Breeze-Eastern Corp)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, which determined by the daily amount of credit outstanding during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) per year based the Applicable Rate. This fee is due on September 30, 2017, and on the daily unused Commitment. The fee is payable quarterly in arrears, commencing on April 1, 2018 and continuing on last day of each July 1, October 1, January 1 and April 1 thereafter through following quarter until the full and final repayment expiration of the Loan and the termination of the Commitmentavailability period.

Appears in 1 contract

Sources: Loan Agreement (Advanced Energy Industries Inc)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, which determined by the weighted average credit outstanding during the specified period. The fee will be calculated daily at two-tenths 0.25% per year. The calculation of one percent (0.20%) per year based on credit outstanding shall include the daily unused Commitmentundrawn amount of letters of credit. The fee is will be payable quarterly in arrears, commencing on April 1, 2018 and continuing on each July 1, October 12001 for the quarter ending June 30, January 1 and April 1 thereafter through the full and final repayment of the Loan and the termination of the Commitment2001.

Appears in 1 contract

Sources: Business Loan Agreement (Global Vacation Group Inc)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, which determined by the daily amount of credit outstanding during the specified period. The fee will be calculated daily at two-tenths of one percent (0.20%) 0.2% per year based on the daily unused Commitmentyear. The fee is payable quarterly in arrearsdue on November 30, commencing 2011 and on April 1, 2018 and continuing on the last day of each July 1, October 1, January 1 and April 1 thereafter through the full and final repayment of the Loan and the termination of the Commitmentquarter thereafter.

Appears in 1 contract

Sources: Loan Agreement (Move Inc)

Unused Commitment Fee. The Borrower agrees to pay a fee on any difference between the Commitment and the amount of credit it actually uses, which determined by the weighted average credit outstanding during the specified period. The fee will be calculated daily at two-tenths 0.20% per year. The calculation of one percent (0.20%) per year based on the daily unused Commitmentcredit outstanding shall include undrawn amounts of letters of credit and shipside bonds. The fee is will be payable quarterly in arrears, commencing on April 1, 2018 and continuing on each July 1, October 1, January 1 and April 1 thereafter through the full and final repayment arrears until expiration of the Loan and the termination of the Commitmentavailability period.

Appears in 1 contract

Sources: Business Loan Agreement (Pacific Sunwear of California Inc)