12Fees Clause Samples
12Fees. (a) The Borrower agrees to pay to the Administrative Agent in dollars for the account of each Revolving Lender of any Class a commitment fee (the “Commitment Fee”), which shall accrue at a rate per annum equal to the Commitment Fee Rate on the average daily unused amount of the Revolving Commitment of such Class of such Lender during the period from and including the Effective Date to but excluding the date on which the Revolving Commitments of such Class terminate. Accrued Commitment Fees shall be payable in arrears on the last Business Day of March, June, September and December of each year and on the date on which the Revolving Commitments of such Class terminate, commencing on the first such date to occur after the Effective Date. All Commitment Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of computing Commitment Fees, a Revolving Commitment of any Class of a Lender shall be deemed to be used to the extent of the outstanding Revolving Loans of such Class and LC Exposure of such Lender attributable to its Revolving Commitment of such Class (and the Swingline Exposure of such Lender shall be disregarded for such purpose).
(b) The Borrower agrees to pay (i) to the Administrative Agent in dollars for the account of each Revolving Lender of any Class a participation fee with respect to its participations in Letters of Credit, which shall accrue at the Applicable Rate used to determine the interest rate applicable to SOFR Revolving Loans of such Class on the daily amount of such ▇▇▇▇▇▇’s LC Exposure attributable to its Revolving Commitment of such Class (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to and including the later of the date on which such Lender’s Revolving Commitment of such Class terminates and the date on which such Lender ceases to have any such LC Exposure, and (ii) to each Issuing Bank in dollars a fronting fee, which shall accrue at a rate equal to 0.125% per annum on the daily amount of the LC Exposure attributable to Letters of Credit issued by such Issuing Bank (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to and including the later of the date of termination of the Revolving Commitments and the date on which there ceases to be...
12Fees. (a) If the Maturity Date is extended to a date after the first anniversary of the Closing Date (as any such extension may be requested by Borrower and approved by the Lender in its sole discretion) at the sole discretion of the Lender, the Borrowers agree to pay to the Lender an annual servicing fee in the amount of $15,000, due annually on each anniversary of the Closing Date.
(b) The Borrowers agree to pay to the Lender an unused line fee of a quarter percent (0.25%) per annum of the difference between (i) the Revolving Commitment and (ii) the average daily balance of the Revolving Advances outstanding for each quarter, which fee shall be fully earned by the Lender and payable quarterly in arrears on the fifth (5th day) of each calendar quarter. Said fee shall be calculated on the basis of a 360 day year.
(c) The Borrowers agree to pay to the Lender, on the Closing Date an origination fee in the amount of $75,000.
(d) All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Lender. Fees paid shall not be refundable under any circumstances.
12Fees. The Company will charge a transfer fee for a Note transfer permitted by Section 1.11 of this Supplemental Indenture equal to $25.00 per transaction, assessed to the transferor. Such fee will be automatically deducted from the funds in such Holder’s U-Haul Investor Club account.
12Fees. (a) The Borrower shall pay to each Lender (other than any Defaulting Lender), through the Administrative Agent, on the date that is three Business Days after the last day of March, June, September and December in each year and on the date on which the Revolving Facility Commitments of all the Lenders shall be terminated as provided herein, a commitment fee (a “Commitment Fee”) on the daily amount of the applicable Available Unused Commitment of such Lender during the preceding quarter (or other period commencing with the Closing Date or ending with the date on which the last of the Commitments of such Lender shall be terminated) at a rate equal to the Applicable Commitment Fee. All Commitment Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days. The Commitment Fee due to each Lender shall commence to accrue on the Closing Date and shall cease to accrue on the date on which the last of the Commitments of such Lender shall be terminated as provided herein.
(b) All Fees shall be paid on the dates due, in immediately available funds, to the Administrative Agent for distribution, if and as appropriate, among the Lenders. Once paid, none of the Fees shall be refundable under any circumstances.
(c) The Borrower shall pay to the Administrative Agent the “Agent Fee” as set forth in the Agency Fee Letter.
12Fees. (a) The Borrower agrees to pay to the Administrative Agent, for its own account, and to the Lenders, as applicable, the fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent from time to time.
(b) All fees payable hereunder shall be paid on the dates due, in Dollars and immediately available funds. Fees paid shall not be refundable under any circumstances.
12Fees. (a) The Company agrees to pay to Lenders having Revolving Exposure:
(i) commitment fees equal to (1) the average of the daily difference between (a) the U.S. Revolving Commitments, and (b) the sum of (x) the aggregate principal amount of outstanding U.S. Revolving Loans (but not any outstanding U.S. Swingline Loans) plus (y) the Letter of Credit Usage, times (2) the applicable Commitment Fee Percentage;
(ii) commitment fees equal to (1) the average of the daily difference between (a) the Canadian Revolving Commitments, and (b) the aggregate principal amount of outstanding Canadian Revolving Loans (but not any outstanding Canadian Swingline Loans), times (2) the applicable Commitment Fee Percentage; and
(iii) letter of credit fees equal to (1) the Applicable Margin for Revolving Loans that are Eurodollar Rate Loans, times (2) the aggregate daily maximum amount available to be drawn under all such Letters of Credit (regardless of whether any conditions for drawing could then be met and determined as of the close of business on any date of determination). All fees referred to in this Section 2.12(a) shall be paid to Administrative Agent at its Principal Office and upon receipt, Administrative Agent shall promptly distribute to each Lender its Pro Rata Share thereof.
(b) The Company agrees to pay directly to Issuing Bank, for its own account, the following fees:
(i) a fronting fee equal to 0.125%, per annum, times the aggregate daily maximum amount available to be drawn under all Letters of Credit outstanding (determined as of the close of business on any date of determination); and
(ii) such documentary and processing charges for any issuance, amendment, transfer or payment of a Letter of Credit as are in accordance with Issuing Bank’s standard schedule for such charges and as in effect at the time of such issuance, amendment, transfer or payment, as the case may be.
(c) All fees referred to in Section 2.12(a) and 2.12(b)(i) shall be calculated on the basis of a 360-day year and the actual number of days elapsed and shall be payable quarterly in arrears on each of the dates specified in Section 2.13(a) for payment of principal during the Revolving Commitment Period, commencing on the first such date to occur after the Closing Date, and on the Revolving Commitment Termination Date.
(d) In addition to any of the foregoing fees, the Company agrees to pay to Agents such other fees in the amounts and at the times separately agreed upon.
12Fees. The Borrower shall pay the following fees (the “Revolving Facility Fees” and the “Term Facility Fees”, as applicable) to the Agent (for the benefit of the Revolving Facility Lenders or the Term Facility Lenders, as applicable) and the Swing Line Lender, as applicable:
5.12.1 for the Revolving Facility Lenders, a standby fee (the “Standby Fee”) calculated daily by multiplying the amount of the unused Credit (calculated based on the maximum amount that could be available under each Revolving Facility Tranche, irrespective of compliance with any conditions precedent or other restrictions) under each Revolving Facility Tranche (including, in respect of the Revolving Facility Tranche A, the Swing Line Commitment) each day by the applicable rate set out in the definition of “Margin”, and dividing the result by 365 (or 366 in a leap year), and then multiplying that result by the number of days in the relevant quarter, payable quarterly in arrears two Business Days following the last day of each calendar quarter, or on such other date as the Agent or the Swing Line Lender, as applicable, may determine, acting reasonably;
5.12.2 for the Agent, an annual agency fee in the amount and payable in accordance with the provisions of the agency fee letter agreement dated as of April 3, 2023 entered into between the Borrower and the Agent; and
5.12.3 any upfront fees payable to the Revolving Facility Lenders under the fee letter dated the Closing Date entered into between the Borrower and the Agent, if any.