Common use of Administrative Agent’s Fees Clause in Contracts

Administrative Agent’s Fees. The Borrower shall pay to the Administrative Agent, for the Administrative Agent's own account, an annual fee in the amount of $25,000, payable quarterly (in the amount of $6,250) in arrears following the close of each calendar quarter by the Administrative Agent's debit to Borrower's operating account, concerning which quarterly debit therefrom Borrower hereby authorizes the Administrative Agent to automatically effect without the necessity of any further or other approval from the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Energy Transfer Partners Lp), Credit Agreement (Heritage Propane Partners L P), Credit Agreement (Energy Transfer Partners Lp)

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Administrative Agent’s Fees. The Borrower shall pay agrees to pay, or cause to be paid, to the Administrative Agent, solely for the Administrative Agent's its own account, an annual administrative fee in the amount of equal to $25,000100,000 per annum, payable quarterly (annually in advance on the amount of $6,250) in arrears Closing Date for the twelve-month period following the close of Closing Date and on each calendar quarter by the Administrative Agent's debit to Borrower's operating account, concerning which quarterly debit therefrom Borrower hereby authorizes the Administrative Agent to automatically effect without the necessity of any further or other approval from the Borroweranniversary thereof until all Loans and all Obligations with respect thereto have been paid in full.

Appears in 2 contracts

Samples: Interim Loan Agreement (First Data Corp), Loan Agreement (First Data Corp)

Administrative Agent’s Fees. The Borrower shall pay agrees to pay, or cause to be paid, to the Administrative Agent, solely for the Administrative Agent's its own account, an annual administrative fee in the amount of equal to $25,000100,000 per annum, payable quarterly (annually in advance on the amount of $6,250) in arrears Original Closing Date for the twelve-month period following the close of Original Closing Date and on each calendar quarter by the Administrative Agent's debit to Borrower's operating account, concerning which quarterly debit therefrom Borrower hereby authorizes the Administrative Agent to automatically effect without the necessity of any further or other approval from the Borroweranniversary thereof until all Loans and all Obligations with respect thereto have been paid in full.

Appears in 2 contracts

Samples: Loan Agreement (First Data Corp), Loan Agreement (First Data Corp)

Administrative Agent’s Fees. The Borrower shall pay an agency fee to the Administrative Agent, Agent (for the Administrative Agent's own sole account, an annual fee in the amount of $25,000, payable quarterly (in the amount of $6,250) in arrears following the close of each calendar quarter by at the Administrative Agent's debit Account for Payments, in an amount as agreed from time to Borrower's operating account, concerning which quarterly debit therefrom Borrower hereby authorizes time between the Administrative Agent to automatically effect without the necessity of any further or other approval from and the Borrower, on the Effective Date and on each annual anniversary of the Effective Date and such fees shall, for purposes of this Agreement, be deemed to be an amount payable pursuant to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Sundial Growers Inc.)

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Administrative Agent’s Fees. The Borrower shall pay an agency fee to the Administrative Agent, Agent (for the Administrative Agent's own ’s sole account, an annual fee in the amount of $25,000, payable quarterly (in the amount of $6,250) in arrears following the close of each calendar quarter by at the Administrative Agent's debit ’s Account for Payments, in an amount as agreed from time to Borrower's operating account, concerning which quarterly debit therefrom Borrower hereby authorizes time between the Administrative Agent to automatically effect without the necessity of any further or other approval from and the Borrower, on the Effective Date and on each annual anniversary of the Effective Date and such fees shall, for purposes of this Agreement, be deemed to be an amount payable pursuant to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Sundial Growers Inc.)

Administrative Agent’s Fees. The Borrower shall pay to the Administrative Agent, Agent for its own account an annual administrative fee payable quarterly in arrears in accordance with the written agreement between the Borrower and the Administrative Agent's own account, an annual such administrative fee in to not be for the amount of $25,000, payable quarterly (in the amount of $6,250) in arrears following the close of each calendar quarter by the Administrative Agent's debit to Borrower's operating account, concerning which quarterly debit therefrom Borrower hereby authorizes the Administrative Agent to automatically effect without the necessity benefit of any further or other approval from Lender. The first and last payments of such administrative fee are to be prorated based upon the Borrowerpartial calendar quarters to which they apply.

Appears in 1 contract

Samples: Loan Agreement (Kramont Realty Trust)

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