Unused Revolver Fee Sample Clauses

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Unused Revolver Fee. From and after the Closing Date, the Borrower agrees to pay the Administrative Agent for the ratable benefit of the Revolving Lenders an unused fee (the “Unused Revolver Fee”) computed at the Unused Revolver Fee Rate on the average daily amount of the Available Commitments during the period for which payment is made. To the extent applicable, the Unused Revolver Fee shall accrue at all times during the Commitment Period (and thereafter so long as Revolving Obligations shall remain outstanding), including periods during which the conditions to Extensions of Credit in Section 4.02 may not be met, and shall be payable quarterly in arrears on the tenth (10th) day following the last day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the Termination Date (and, if applicable, thereafter on demand); provided that pursuant to Section 2.15(a)(iii), (i) no Unused Revolver Fee shall accrue on the Revolving Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting Lender and (ii) any Unused Revolver Fee accrued with respect to the Revolving Commitment of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender. The Administrative Agent shall distribute the Unused Revolver Fee to the Revolving Lenders pro rata in accordance with the respective Revolving Commitments of the Revolving Lenders.
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Unused Revolver Fee. The Borrowers agree to pay to the Administrative Agent for the account of the Revolving Credit Lenders in accordance with their Applicable Revolving Loan Percentage a commitment fee (the “Unused Revolver Fee”) for the period from and including the Effective Date to the last day of the Revolving Loan Availability Period, which shall accrue at the rate designated on the grid in the definition “Applicable Margin” on the average daily amount of the Unutilized Revolving Commitment. The rate of the Unused Revolver Fee shall be reset on each Determination Date. The accrued Unused Revolver Fee shall be payable in arrears on the last day of each October, January, April and July and on the date on which the Revolving Commitment terminates. The Unused Revolver Fee shall be computed on the basis of a year of three hundred sixty (360) days and shall be payable for the actual number of days elapsed.
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Unused Revolver Fee. Borrower agrees that, beginning with the calendar quarter ending September 30, 2000, if during the term hereof the Average Quarterly Loan Balance outstanding for any calendar quarter shall be less than the amount of the Revolving Line of Credit (the "Minimum Loan Balance"), then Borrower shall immediately pay to Lender, in addition to any interest and other fees and sums due under this Agreement and under the Loan Documents, an amount equal to the product of (a) the Minimum Loan Balance less the actual amount of the Average Quarterly Loan Balance so calculated; times (b) one-quarter of one percent (.25%); times (c) that fraction, the numerator of which shall be 90 and the denominator of which shall be 360. The charge due pursuant to the terms of this paragraph shall be payable quarterly, in arrears, on the first (1st) day of each April, July, October, and January, commencing October 1, 2000, and on the Termination Date." (f) By deleting the text of Section 10.16 of the Agreement, which presently states "Borrower has no Subsidiaries," and replacing it with the following: "Borrower has no Material Subsidiaries other than iFulfillment, Inc., a Georgia corporation. Return.Com Online, LLC, a Georgia limited liability ▇▇▇▇▇▇▇, is not a one of Borrower's Material Subsidiaries." (g) By deleting the text of Section 12.1 of the Agreement, which presently states "Borrower shall have at all times a Leverage Ratio of not more than 2.5:1," and replacing it with the following: "Borrower shall have at all times a Leverage Ratio of not more than 2.0:1." (h) By deleting the text of Section 12.2 of the Agreement, which presently states "The Tangible Net Worth of Borrower shall be at least Thirty Million Dollars ($30,000,000), all as determined under GAAP, and shall annually increase over the amount as of the end of the prior Fiscal Year," and replacing it with the following: "The Tangible Net Worth of Borrower shall be at least Thirty-Five Million Dollars ($35,000,000), all as determined under GAAP and as adjusted with respect to any repurchase by Borrower of its equity securities approved by Lender, and shall annually increase over the amount as of the end of the prior Fiscal Year." (i) By deleting the text of Section 12.3 of the Agreement, which presently states "Borrower shall maintain as of the end of each fiscal quarter in each Fiscal Year a Fixed Charge Coverage Ratio of at least 1.2:1, as determined under GAAP on a rolling four (4) quarters basis," and replacing it wi...
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Unused Revolver Fee. The Lender shall be paid an unused revolver fee equal to 50 basis points (calculated on the basis of a 360-day year and actual days elapsed), to be paid on the Interest Payment Dates.
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Unused Revolver Fee. On the first day of each month and on the Maturity Date, Borrowers shall pay Bank a fee equal to 0.25% per annum multiplied by the average daily amount during the immediately preceding month (or if the Maturity Date is not on the first day of a month, then during the month of the Maturity Date) by which the aggregate of the outstanding principal amount of the Revolving Loans and the Letter of Credit Obligations was less than $9,500,000.
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Unused Revolver Fee. From and after the Effective Date and up to the Final Maturity Date, the Borrower shall pay to the Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata Shares, an unused line fee (the “Unused Revolver Fee”), which shall accrue at the rate per annum of 0.50% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans outstanding from time to time during the prior quarter and shall be due and payable quarterly in arrears on the first day of each calendar quarter commencing January 1, 2013.
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Unused Revolver Fee. (i) The Borrowers shall pay to the Administrative Agent for the account of the Lenders an unused commitment fee (the "Unused Revolver Fee") in U.S. Dollars computed each day, on each Lender's Adjusted Unused Revolving Loan Commitment, from the Agreement Date until the Maturity Date at a rate per annum equal to the Applicable Margin for the Unused Revolver Fee in effect from time to time, which fee shall be due and payable quarterly in arrears on the last day of each calendar quarter (commencing with the first calendar quarter ending after the Agreement Date) and, if then unpaid, on the Maturity Date.
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Related to Unused Revolver Fee

  • Unused Revolving Line Facility Fee A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

  • Unused Line Fee On the first day of each month during the term of this Agreement, an unused line fee in an amount equal to 0.375% per annum times the result of (i) the Maximum Revolver Amount, less (ii) the sum of (A) the average Daily Balance of Advances that were outstanding during the immediately preceding month, plus (B) the average Daily Balance of the Letter of Credit Usage during the immediately preceding month,

  • Unused Fees For each day during the term hereof that the Applicable Rate is determined pursuant to clause (a) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Unused Fee for such day. The Unused Fee shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of the Revolving Maturity Date.

  • Unused Commitment Fee Borrower shall pay to Bank a fee equal to ten-hundredths percent (0.10%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a calendar quarter basis by Bank and shall be due and payable by Borrower in arrears on the last day of each September, December, March and June.

  • Unused Fee The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, an unused fee equal to the Unused Rate times the actual daily amount by which the Aggregate Commitments exceed the sum of (i) the Outstanding Amount of Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.17. For the avoidance of doubt, the Outstanding Amount of Swing Line Loans shall not be counted towards or considered usage of the Aggregate Commitments for purposes of determining the unused fee. The unused fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period. The unused fee shall be calculated quarterly in arrears, and if there is any change in the Unused Rate during any quarter, the actual daily amount shall be computed and multiplied by the Unused Rate separately for each period during such quarter that such Unused Rate was in effect.