Common use of Commitment Charges Clause in Contracts

Commitment Charges. (wherever applicable) a) when the amount outstanding under any Individual Facility is lower than the Individual Facility Limit; b) on the differential amount between the Individual Facility Limit for that Individual Facility and the amount outstanding under that Individual Facility; and c) at such rates as are or as may be prescribed in the Facility Letter/ Facility Letter for the Individual Facility or the Schedule of charges or as may be prescribed by the Bank otherwise.