Common use of Commitment Charges Clause in Contracts

Commitment Charges. The Borrower shall be liable to pay to the Bank Commitment Charges for non-utilization of the Facilities as follows: (a) when the amount outstanding under any Individual Facilities is lower than the limit granted for that Individual Facility; (b) on the differential amount between the Individual Facilities Sanction Limit for that Individual Facilities and the amount outstanding under that Individual Facility; and (c) at such rates as are or as may be prescribed in the Facility Sanction Letter.

Commitment Charges. The Borrower shall be liable to pay to the Bank Commitment Charges for non-utilization of the Facilities as follows: (a) when the amount outstanding under any Individual Facilities is lower than the limit granted for that Individual Facility; (b) on the differential amount between the Individual Facilities Sanction Limit for that Individual Facilities and the amount outstanding under that Individual Facility; and (c) at the rate of 2% p.a. for the period of such rates as are or as may be prescribed in the Facility Sanction Letterdifferential, computed on a daily basis.