Common use of Commitment Commission; Fees Clause in Contracts

Commitment Commission; Fees. (a) The Borrower agrees to pay the Administrative Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Closing Date to and including the Maturity Date computed at a per annum rate equal to 40% of the Applicable Margin on the daily Unutilized Revolving Loan Commitments of such Non-Defaulting Lender. The accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date and the maturity date. (a) The Borrower shall pay (i) to the Lead Arrangers, the fees set forth in the Syndication and Fee Letter and (ii) to the Administrative Agent, for the Administrative Agent’s own account, such other fees as have been agreed to in writing by the Borrower and the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Diamond S Shipping Inc.)

Commitment Commission; Fees. (a) The Borrower agrees to pay the Administrative Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Closing Date to and including the Maturity Date computed at a per annum rate equal to 40% of the Applicable Margin on the daily Unutilized Revolving Loan Commitments of such Non-Defaulting Lender. The accrued Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date and the maturity date. (ab) The Borrower shall pay (i) to the Lead Arrangers, the fees set forth in the Syndication and Fee Letter and (ii) to the Administrative Agent, for the Administrative Agent’s own account, such other fees as have been agreed to in writing by the Borrower and the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Diamond S Shipping Inc.)

Commitment Commission; Fees. (a) The Borrower agrees to pay the Administrative Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Closing Effective Date to and including the Maturity earlier of (i) the Borrowing Date and (ii) the Commitment Termination Date computed at a per annum rate equal to 4035% of the Applicable Margin on in respect of the daily Unutilized Revolving Loan Total Commitments of such Non-Defaulting LenderLenders. The accrued Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date and the maturity such earlier date. (ab) The Borrower shall pay (i) to the Lead Arrangers, the fees set forth in the Syndication and Fee Letter and (ii) to the Administrative Agent, for the Administrative Agent’s own account, such other fees as have been agreed to in writing by the Borrower and the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Athena Spinco Inc.)