Common use of Borrowing Base Increase Fee Clause in Contracts

Borrowing Base Increase Fee. Administrative Agent shall have received payment of a Borrowing Base increase fee for the account of each Lender in the amount of $225,000 for the incremental increase of the Borrowing Base (0.5% of $45,000,000).

Appears in 1 contract

Sources: Credit Agreement (Rice Energy Inc.)

Borrowing Base Increase Fee. The Administrative Agent shall have received payment of a Borrowing Base increase fee all fees and other amounts due and payable, including, for the account of each Lender in the amount of $225,000 for the incremental increase of the party to this Amendment, a Borrowing Base increase fee equal to the product of (0.5% a) 1 bp per $1,000,000 of $45,000,000)such Lender’s approved credit amount and (b) the difference between such Lender’s Commitment and such Lender’s highest Commitment previously in effect, payable on the Fifth Amendment Effective Date.

Appears in 1 contract

Sources: Credit Agreement (Legacy Reserves Lp)

Borrowing Base Increase Fee. The Administrative Agent shall have received payment of a Borrowing Base increase fee all fees and other amounts due and payable, including, for the account of each Lender party to this Amendment, ratably in accordance with its Applicable Percentage, a Borrowing Base increase fee equal to 25 bps on the amount of $225,000 for the incremental any increase of each Lender’s Commitment over such Lender’s highest Commitment previously in effect, payable on the Borrowing Base (0.5% of $45,000,000)First Amendment Effective Date.

Appears in 1 contract

Sources: Credit Agreement (Legacy Reserves Lp)

Borrowing Base Increase Fee. Administrative Agent Agent, for the accounts of the Lenders in accordance with their Applicable Percentages, shall have received payment of a Borrowing Base increase fee for the account of each Lender in the amount of $225,000 for the incremental increase of the Borrowing Base (0.5% of $45,000,000)62,500.

Appears in 1 contract

Sources: Credit Agreement (Vanguard Natural Resources, LLC)