Banking Fee Clause Samples

POPULAR SAMPLE Copied 1 times
Banking Fee. Pursuant to the investment banking agreement executed by the Company with Ladenburg ▇▇▇▇▇▇▇, the Company has agreed to pay Ladenburg a cash fee of $35,000 relating to the cash proceeds received by the Company from the sale of the Units. No fee will be paid to Ladenburg with respect to Units issued upon conversion of the convertible debentures.
View Source
Banking Fee. NRG shall have the right to arrange non-recourse Project ----------- Financing for the Project on terms acceptable to the Company for a period not to extend beyond July 1, 1998. NRG shall receive a banking fee equal to 1% of the amount raised plus reasonable and preapproved out of pocket expenses incurred by it in connection with such efforts. The banking fee shall be paid at the closing of the Project Financing. This fee will only be due and payable if a majority in interest of the members of the Company approve the financing transaction. In addition to the aforesaid banking fee, the parties shall use their best efforts to structure the terms of any debt financing for the Project to provide for transaction/development fees to be paid to the members of the Company in the maximum amount which can be supported by the financing and which shall be split 50/50 between ART and FWCE on the one hand and NRG on the other hand.
View Source
Banking Fee. The Company will provide FCMs with an additional seventy-five ($75) CDN per month to cover banking fees associated with the transfer and or conversion from Canadian to Foreign Currency. The allocation money will be converted to Canadian using the published 30 day average Bank of Canada exchange rate.
View Source

Related to Banking Fee

  • Ticking Fee If any Permitted Term B Reallocation occurs in accordance with the terms of this Agreement and the Term B Reallocation Letter, the Borrower shall pay to the Administrative Agent for the account of each Term B Lender in accordance with its Applicable Term B Percentage, a ticking fee (the “Ticking Fee”) which shall accrue from the date such Permitted Term B Reallocation occurs and is payable in the following amounts during the following periods: (i) for the period commencing on the Closing Date and ending on (but not including) March 3, 2013, a ticking fee equal to 1.75% per annum on the actual daily amount by which the aggregate Term B Commitment (as so increased by such Permitted Term B Reallocation) exceeds the sum of the aggregate Outstanding Amount of Term B Loans, subject to adjustment as provided in Section 2.16, and (ii) for the period commencing on March 3, 2013 and ending on the Term B Advance Period Termination Date, a ticking fee equal to 3.50% per annum on the actual daily amount by which the aggregate Term B Commitment (as so increased by such Permitted Term B Reallocation) exceeds the sum of the aggregate Outstanding Amount of Term B Loans, subject to adjustment as provided in Section 2.16; The Ticking Fee shall accrue at all times after the Permitted Term B Reallocation and during the Term B Advance 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 Permitted Term B Reallocation, and on the Term B Advance Period Termination Date. The Ticking Fee shall be calculated quarterly in arrears.

  • Fronting Fee In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender, a fronting fee with respect to each Letter of Credit as set forth in the Fee Letter. Such issuance fee shall be accrued quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

  • Agent Fee Borrower shall pay to Agent, for its sole benefit, the fees set forth in the Agent Fee Letter.

  • Commitment Fee The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender under each Facility in accordance with its Pro Rata Share or other applicable share provided for under this Agreement, a commitment fee in Dollars equal to the Applicable Rate with respect to Revolving Credit Loan commitment fees, times the actual daily amount by which the aggregate Revolving Credit Commitment for the applicable Facility exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans for such Facility and (B) the Outstanding Amount of L/C Obligations for such Facility; provided that any commitment fee accrued with respect to any of the Commitments 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, except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time; and provided, further, that no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee on each Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Commitments, 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 during the first full fiscal quarter to occur after the Closing Date and on the Maturity Date for the Revolving Credit Commitments. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Financing Fee Except in the case of any PIK Loan, each Lender shall have received its portion of the fees payable pursuant to Section 2.03. Each Borrowing shall constitute a certification by the Borrower to the effect that the conditions set forth in this Section 6.03 have been fulfilled as of the applicable Borrowing Date.