Common use of CapEx Commitments Clause in Contracts

CapEx Commitments. The Borrower agrees to pay to the Administrative Agent for the account of each CapEx Lender a commitment fee equal to the Applicable Margin for Commitment Fees on the average daily amount by which (i) such Lender’s CapEx Commitment exceeds (ii) the sum of such Lender’s outstanding CapEx Advances; provided that, (A) no such commitment fee shall accrue on the CapEx Commitment of a Defaulting Lender during the period such Lender remains a Defaulting Lender and (B) no such commitment fee shall accrue after the CapEx Commitment Termination Date. Such Commitment Fee is due quarterly in arrears on March 31, June 30, September 30, and December 31 of each year commencing on March 31, 2013, and on the CapEx Commitment Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Aly Energy Services, Inc.)

CapEx Commitments. The Borrower agrees to pay to the Administrative Agent for the account of each CapEx Lender a commitment fee equal to the Applicable Margin for Commitment Fees 0.55% on the average daily amount by which (i) such Lender’s CapEx Commitment exceeds (ii) the sum of such Lender’s outstanding CapEx Advances; provided that, (A) no such commitment fee shall accrue on the CapEx Commitment of a Defaulting Lender during the period such Lender remains a Defaulting Lender and (B) no such commitment fee shall accrue after the CapEx Commitment Termination Date. Such Commitment Fee is due quarterly in arrears on March 3131st, June 3030th, September 3030th, and December 31 31st of each year year, commencing on March December 31, 20132014, and on the CapEx Commitment Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Aly Energy Services, Inc.)

CapEx Commitments. The Borrower agrees to pay to the Administrative Agent for the account of each CapEx Lender a commitment fee equal to the Applicable Margin for Commitment Fees on the average daily amount by which (i) such Lender’s CapEx Commitment exceeds (ii) the sum of such Lender’s outstanding CapEx Advances; provided that, (A) no such commitment fee shall accrue on the CapEx Commitment of a Defaulting Lender during the period such Lender remains a Defaulting Lender and (B) no such commitment fee shall accrue after the CapEx Commitment Termination Date. Such Commitment Fee is due quarterly in arrears on March 3131st, June 3030th, September 3030th, and December 31 31st of each year year, commencing on March December 31, 20132014, and on the CapEx Commitment Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Aly Energy Services, Inc.)