Common use of Unused Fee Clause in Contracts

Unused Fee. A fee equal to 0.25% of the difference between the amount then available under the Revolving Line pursuant to Section 2.1(b)(i) and the average outstanding daily balance thereunder during the term hereof, paid quarterly in arrears on an annualized basis, which shall be nonrefundable; and

Appears in 3 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (Trupanion Inc.), Loan and Security Agreement (Trupanion Inc.)

Unused Fee. A fee equal to 0.25% a percentage equal to the Applicable Unused Fee Percentage of the difference between the amount then available under the Revolving Line pursuant to Section 2.1(b)(i) and the average outstanding daily balance outstanding thereunder during the term hereof, paid quarterly in arrears on an annualized basis, which shall be nonrefundable; and

Appears in 2 contracts

Sources: Loan and Security Agreement (Lyris, Inc.), Loan and Security Agreement (Lyris, Inc.)

Unused Fee. A fee equal to one quarter of one percent (0.25% %) per annum of the difference between the amount then available under the Revolving Line pursuant to Section 2.1(b)(i) and the average outstanding daily balance outstanding thereunder during the term hereof, paid quarterly in arrears on an annualized basisarrears, which shall be nonrefundable; and;

Appears in 1 contract

Sources: Loan and Security Agreement (LDR Holding Corp)

Unused Fee. A fee equal to 0.25% per annum of the difference between (i) the amount then available under the Revolving Line pursuant to Section section 2.1(b)(i), and (ii) and the average outstanding daily balance thereunder outstanding during the term hereof, paid quarterly in arrears on an annualized basisarrears, which shall be nonrefundable. The unused fee shall be calculated based on a year of 360 days for the actual number of days elapsed; and

Appears in 1 contract

Sources: Loan and Security Agreement (Nexsan Corp)

Unused Fee. A fee equal to 0.25% one half of one percent (0.50%) of the difference between the amount then available under the Revolving Line pursuant to Section 2.1(b)(i) and the average outstanding daily balance outstanding thereunder during the term hereof, paid quarterly in arrears on an annualized basis, which shall be nonrefundable; and” 7. Section 6.7 of the Agreement hereby is amended and restated in its entirety to read as follows:

Appears in 1 contract

Sources: Loan and Security Agreement (Lyris, Inc.)

Unused Fee. A fee equal to one quarter of one percent (0.25% %) of the difference between the amount then available under the Revolving Line pursuant to Section 2.1(b)(i) Line, and the average outstanding daily balance thereunder outstanding during the term hereof, paid quarterly in arrears on an annualized basisarrears, which shall be nonrefundable; and.

Appears in 1 contract

Sources: Loan and Security Agreement (Biolase Technology Inc)

Unused Fee. A fee equal to 0.25% a percentage equal to the Applicable Unused Fee Percentage of the difference between the amount then available under the Revolving Line pursuant to Section 2.1(b)(i) and the average outstanding daily balance outstanding thereunder during the term hereof, paid quarterly in arrears on an annualized basis, which shall be nonrefundable; and” 6. A new Section 2.5(c) is hereby added to the Agreement as follows:

Appears in 1 contract

Sources: Loan and Security Agreement (Jl Halsey Corp)

Unused Fee. A fee equal to one quarter of one percent (0.25% %) of the difference between the Revolving Line and the average amount then available advanced under the Revolving Line pursuant to Section 2.1(b)(i) and the average outstanding daily balance thereunder during the term hereof, paid quarterly in arrears on an annualized basis, which shall be nonrefundable; and

Appears in 1 contract

Sources: Loan and Security Agreement (Trupanion Inc.)

Unused Fee. A fee equal to 0.25% of the difference between the amount then available under the Revolving Line pursuant to Section 2.1(b)(i) and the average outstanding daily balance outstanding thereunder during the term hereofthen current quarterly period hereunder, paid quarterly in arrears on an annualized basis, which shall be nonrefundable; and

Appears in 1 contract

Sources: Loan and Security Agreement (Traffic.com, Inc.)

Unused Fee. A fee equal to 0.250.10% per annum of the difference between (i) the amount then available under the Revolving Line pursuant to Section section 2.1(b)(i), and (ii) and the average outstanding daily balance thereunder outstanding during the term hereof, paid quarterly in arrears on an annualized basisarrears, which shall be nonrefundable. The unused fee shall be calculated based on a year of 360 days for the actual number of days elapsed; and

Appears in 1 contract

Sources: Loan and Security Agreement (Logicvision Inc)