Common use of Calculation and Payment of Fees Clause in Contracts

Calculation and Payment of Fees. All of the above fees that are based on a per annum rate shall be calculated on the basis of the actual number of days elapsed in a 360-day year. All such fees shall be payable in addition to, and not in lieu of, interest, expense reimbursements, indemnification and other Obligations. Fees shall be payable by the Domestic Borrowers to the Domestic Concentration Account and by the Multicurrency Borrowers to the Multicurrency Payment Account in accordance with Section 3.02. All fees payable hereunder shall be fully earned and, subject only to Section 14.01(c), nonrefundable when paid. All fees specified or referred to herein due to the Administrative Agent, any Issuing Bank or any Lender, including, without limitation, those referred to in this Section 4.03, shall bear interest, if not paid when due, at the interest rate for Loans in accordance with Section 4.01(d), shall constitute Obligations and shall be secured by the Collateral.

Appears in 2 contracts

Samples: Credit Agreement (Nacco Industries Inc), Credit Agreement (Nacco Industries Inc)

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Calculation and Payment of Fees. All of the above fees that are based on a per annum rate shall be calculated on the basis of the actual number of days elapsed in a 360-day year. All such fees shall be payable in addition to, and not in lieu of, interest, expense reimbursements, indemnification and other Obligations. Fees shall be payable by the Domestic Borrowers to the Domestic Concentration Account and by the Multicurrency Borrowers to the Multicurrency Payment Account in accordance with Section SECTION 3.02. All fees payable hereunder shall be fully earned and, subject only to Section SECTION 14.01(c), nonrefundable when paid. All fees specified or referred to herein due to the Administrative Agent, any the Issuing Bank or any Lender, including, without limitation, those referred to in this Section SECTION 4.03, shall bear interest, if not paid when due, at the interest rate for Loans in accordance with Section SECTION 4.01(d), shall constitute Obligations and shall be secured by the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Hyster Overseas Capital Corp LLC)

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Calculation and Payment of Fees. All of the above fees that are based on a per annum rate shall be calculated on the basis of the actual number of days elapsed in a 360-day year. All such fees shall be payable in addition to, and not in lieu of, interest, expense reimbursements, indemnification and other Obligations. Fees shall be payable by the Domestic Borrowers to the Domestic Concentration Account and by the Multicurrency Borrowers to the Multicurrency Payment Account in accordance with Section 3.02. All fees payable hereunder shall be fully earned and, subject only to Section 14.01(c), nonrefundable when paid. All fees specified or referred to herein due to the Administrative Agent, any the Issuing Bank or any Lender, including, without limitation, those referred to in this Section 4.03, shall bear interest, if not paid when due, at the interest rate for Loans in accordance with Section 4.01(d), shall constitute Obligations and shall be secured by the Collateral.

Appears in 1 contract

Samples: Credit Agreement (NMHG Holding Co)

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