CIH'S FEES Clause Samples
The 'CIH'S FEES' clause defines the compensation structure and payment terms for the services provided by CIH under the agreement. It typically outlines the specific fees to be paid, the schedule or milestones for payment, and any conditions or adjustments that may apply, such as additional charges for extra services or reimbursement of expenses. This clause ensures both parties have a clear understanding of the financial obligations involved, thereby preventing disputes over payment and facilitating smooth financial transactions throughout the contract.
CIH'S FEES. Accruing from the Closing Date until the Expiration Date, CIH agrees to pay to the Agent at the Applicable Lending Office in Dollars for the account of each Bank (to such account as the Agent may nominate in writing from time to time), as consideration for such Bank's CIH Revolving Credit Commitment (its "CIH Revolving Credit Commitment") hereunder, a nonrefundable commitment fee (the "CIH Commitment Fee") equal to the Applicable Margin per annum (computed on the basis of a year of 360 days and actual days elapsed) times the average daily difference between (i) the amount of such Bank's CIH Revolving Credit Commitment as the same may be constituted from time to time, and (ii) the sum of such Bank's CIH Revolving Credit Loans outstanding plus its then outstanding Letter of Credit/Guarantee Outstandings. The TEC Commitment Fee and the CIH Commitment Fee (collectively, the "Commitment Fees") shall be payable in arrears on the first Business Day of each January, April, July and October and on the earlier of the Expiration Date or acceleration of the Notes.