{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "applicable-rate", "type": "definition", "offset": [4, 19]}, {"key": "per-annum", "type": "definition", "offset": [20, 29]}, {"key": "contained-in", "type": "definition", "offset": [53, 65]}, {"key": "definition-of-applicable-margin", "type": "clause", "offset": [70, 101]}], "snippet": "The applicable rate per annum set forth in the chart contained in the definition of Applicable Margin under the heading \"Commitment Fee Rate\".", "size": 4, "samples": [{"hash": "bhJLDuoOpDe", "uri": "/contracts/bhJLDuoOpDe#commitment-fee-rate", "label": "Multicurrency Revolving Credit Agreement (Rogers Corp)", "score": 19.1341546886, "published": true}, {"hash": "nnNTUv6kYx", "uri": "/contracts/nnNTUv6kYx#commitment-fee-rate", "label": "Revolving Credit Agreement (Ionics Inc)", "score": 18.0, "published": true}, {"hash": "itnxdfNI1kb", "uri": "/contracts/itnxdfNI1kb#commitment-fee-rate", "label": "Revolving Credit Agreement (Digitas Inc)", "score": 18.0, "published": true}], "hash": "03e3a457b61387d4bfdc44cbfdd9e3fc", "id": 1}, {"snippet_links": [{"key": "time-of-determination", "type": "clause", "offset": [7, 28]}, {"key": "annual-percentage-rate", "type": "clause", "offset": [33, 55]}, {"key": "in-accordance-with", "type": "definition", "offset": [67, 85]}, {"key": "pricing-grid", "type": "definition", "offset": [90, 102]}, {"key": "commitment-percentage", "type": "clause", "offset": [104, 125]}, {"key": "with-respect-to", "type": "clause", "offset": [127, 142]}, {"key": "each-bank", "type": "clause", "offset": [143, 152]}, {"key": "the-percentage", "type": "definition", "offset": [154, 168]}, {"key": "schedule-1", "type": "definition", "offset": [208, 218]}, {"key": "see-preamble", "type": "clause", "offset": [236, 248]}], "snippet": "At any time of determination, an annual percentage rate determined in accordance with the Pricing Grid. Commitment Percentage. With respect to each Bank, the percentage set forth opposite such Bank's name on Schedule 1 hereto. Company. See preamble.", "size": 2, "samples": [{"hash": "hToUEA4hz0h", "uri": "/contracts/hToUEA4hz0h#commitment-fee-rate", "label": "Revolving Credit Agreement (Hasbro Inc)", "score": 20.0, "published": true}, {"hash": "hqis2JIpIR4", "uri": "/contracts/hqis2JIpIR4#commitment-fee-rate", "label": "Revolving Credit Agreement (Hasbro Inc)", "score": 18.0, "published": true}], "hash": "47f4e9618184a78b62afb35ab5ee2fda", "id": 2}, {"snippet_links": [], "snippet": "See Section 1.10. -81-", "size": 2, "samples": [{"hash": "grzp3TcDn69", "uri": "/contracts/grzp3TcDn69#commitment-fee-rate", "label": "Credit Agreement (Pegasus Communications Corp)", "score": 18.0, "published": true}], "hash": "8606d73e0b76bd5b58c08a04acebea3a", "id": 3}, {"snippet_links": [{"key": "common-definitions-and-provisions-agreement", "type": "definition", "offset": [2, 45]}, {"key": "phase-ii", "type": "definition", "offset": [47, 55]}], "snippet": "7 COMMON DEFINITIONS AND PROVISIONS AGREEMENT (PHASE II - IMPROVEMENTS) ............... 8", "size": 2, "samples": [{"hash": "fvTXky6NCa8", "uri": "/contracts/fvTXky6NCa8#commitment-fee-rate", "label": "Lease Agreement (Network Appliance Inc)", "score": 18.0, "published": true}], "hash": "a2d5dcc499bfeeacbfaabe53de9c82e7", "id": 4}, {"snippet_links": [{"key": "the-commitment-fee", "type": "clause", "offset": [0, 18]}, {"key": "new-revolving-commitments", "type": "definition", "offset": [32, 57]}, {"key": "per-annum", "type": "definition", "offset": [67, 76]}, {"key": "provided-that", "type": "clause", "offset": [78, 91]}, {"key": "first-adjustment-date", "type": "definition", "offset": [109, 130]}, {"key": "incremental-facility-effective-date", "type": "definition", "offset": [151, 186]}, {"key": "with-respect-to", "type": "clause", "offset": [212, 227]}, {"key": "pursuant-to-the", "type": "clause", "offset": [273, 288]}, {"key": "commitment-fee-grid", "type": "definition", "offset": [289, 308]}, {"key": "equal-to", "type": "definition", "offset": [368, 376]}, {"key": "purposes-of-the", "type": "clause", "offset": [403, 418]}, {"key": "consolidated-first-lien-leverage-ratio", "type": "definition", "offset": [460, 498]}, {"key": "day-of", "type": "clause", "offset": [534, 540]}, {"key": "fiscal-quarter", "type": "clause", "offset": [546, 560]}, {"key": "changes-in", "type": "clause", "offset": [565, 575]}, {"key": "resulting-from", "type": "definition", "offset": [600, 614]}, {"key": "the-adjustment", "type": "clause", "offset": [695, 709]}, {"key": "fiscal-year-ending", "type": "definition", "offset": [759, 777]}, {"key": "in-effect", "type": "definition", "offset": [836, 845]}, {"key": "change-to", "type": "definition", "offset": [861, 870]}, {"key": "statements-required", "type": "clause", "offset": [965, 984]}, {"key": "section-61", "type": "clause", "offset": [1013, 1024]}, {"key": "the-credit-agreement", "type": "clause", "offset": [1028, 1048]}, {"key": "time-periods", "type": "definition", "offset": [1078, 1090]}, {"key": "days-after", "type": "definition", "offset": [1185, 1195]}, {"key": "highest-rate", "type": "definition", "offset": [1259, 1271]}, {"key": "in-addition", "type": "clause", "offset": [1337, 1348]}, {"key": "at-all-times", "type": "definition", "offset": [1350, 1362]}, {"key": "default-shall", "type": "definition", "offset": [1381, 1394]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [1510, 1560]}, {"key": "for-any-reason", "type": "clause", "offset": [1731, 1745]}, {"key": "new-revolving-lenders", "type": "definition", "offset": [1781, 1802]}, {"key": "a-commitment", "type": "definition", "offset": [1812, 1824]}, {"key": "based-on", "type": "clause", "offset": [1844, 1852]}, {"key": "purposes-of-this-agreement", "type": "clause", "offset": [2020, 2046]}, {"key": "relevant-period", "type": "clause", "offset": [2107, 2122]}, {"key": "relevant-percentage", "type": "definition", "offset": [2163, 2182]}, {"key": "commitment-fees", "type": "definition", "offset": [2304, 2319]}, {"key": "by-the-borrower", "type": "clause", "offset": [2337, 2352]}, {"key": "section-26", "type": "clause", "offset": [2389, 2400]}, {"key": "due-and-payable", "type": "clause", "offset": [2527, 2542]}, {"key": "at-the-time", "type": "clause", "offset": [2585, 2596]}, {"key": "on-the-same-basis", "type": "definition", "offset": [2705, 2722]}, {"key": "paid-in-full", "type": "clause", "offset": [2867, 2879]}, {"key": "amounts-owing", "type": "clause", "offset": [2899, 2912]}, {"key": "in-accordance-with", "type": "definition", "offset": [2959, 2977]}, {"key": "the-terms", "type": "definition", "offset": [2978, 2987]}, {"key": "date-of", "type": "clause", "offset": [3033, 3040]}, {"key": "subsequent-determination", "type": "clause", "offset": [3046, 3070]}], "snippet": "The Commitment Fee Rate for the New Revolving Commitments is 0.50% per annum; provided that on and after the first Adjustment Date occurring after the Incremental Facility Effective Date, the Commitment Fee Rate with respect to New Revolving Commitments will be determined pursuant to the commitment fee grid set forth below: Greater than 1.0 to 1.0 0.5% Less than or equal to 1.0 to 1.0 0.375% For the purposes of the commitment fee grid set forth above, the Consolidated First Lien Leverage Ratio shall be calculated as of the last day of each fiscal quarter and changes in the Commitment Fee Rate resulting from changes in the Consolidated First Lien Leverage Ratio shall become effective on the Adjustment Date with respect to such fiscal quarter (or the fiscal year ending with such fiscal quarter, as applicable) and shall remain in effect until the next change to be effected pursuant to this paragraph. If, with respect to any fiscal quarter, any financial statements required to be delivered pursuant to Section 6.1 of the Credit Agreement are not delivered within the time periods specified in Section 6.1 of the Credit Agreement, then, until the date that is three Business Days after the date on which such financial statements are delivered, the highest rate set forth in each column of the commitment fee grid shall apply. In addition, at all times while an Event of Default shall have occurred and be continuing, the highest rate set forth in each column of the commitment fee grid shall apply. Notwithstanding anything to the contrary contained above in this definition, if it is subsequently determined that the Consolidated First Lien Leverage Ratio determined on any Adjustment Date for any period is inaccurate for any reason and the result thereof is that the New Revolving Lenders received a commitment fee for any period based on a Commitment Fee Rate that is less than that which would have been applicable had the Consolidated First Lien Leverage Ratio been accurately determined, then, for all purposes of this Agreement, the \u201cCommitment Fee Rate\u201d for any day occurring within the relevant period shall retroactively be deemed to be the relevant percentage as based upon the accurately determined Consolidated First Lien Leverage Ratio for such period, and any shortfall in the Commitment Fees theretofore paid by the Borrower for the relevant period pursuant to Section 2.6 of the Credit Agreement as a result of the miscalculation of the Consolidated First Lien Leverage Ratio shall be deemed to be due and payable under Section 2.6 of the Credit Agreement at the time the commitment fee for such period were required to be paid pursuant to Section 2.6 of the Credit Agreement on the same basis as if the Consolidated First Lien Leverage Ratio had been accurately determined on such Adjustment Date (and shall remain due and payable until paid in full, together with all amounts owing under Section 2.12(c) of the Credit Agreement in accordance with the terms thereof) and shall be due and payable on the date of such subsequent determination.", "size": 1, "samples": [{"hash": "1oFmXrWIHQF", "uri": "/contracts/1oFmXrWIHQF#commitment-fee-rate", "label": "Incremental Activation Notice (Charter Communications, Inc. /Mo/)", "score": 23.2915811088, "published": true}], "hash": "1584ba15f4a85bcfb93a3a7e009fb668", "id": 5}, {"snippet_links": [{"key": "definition-of-the-term", "type": "clause", "offset": [4, 26]}, {"key": "contained-in", "type": "definition", "offset": [49, 61]}, {"key": "section-11-of-the-credit-agreement", "type": "clause", "offset": [62, 97]}, {"key": "in-lieu", "type": "definition", "offset": [184, 191]}, {"key": "equal-to", "type": "definition", "offset": [232, 240]}], "snippet": "The definition of the term \u201cCommitment Fee Rate\u201d contained in Section 1.1 of the Credit Agreement is hereby amended by deleting the chart contained in such definition and substituting in lieu thereof the below chart: I Less than or equal to 1.5 to 1.0 0.125% II Greater than 1.5 to 1.0, but less than or equal to 2.0 to 1.00 0.15% III Greater than 2.0 to 1.0, but less than or equal to 2.5 to 1.0 0.20% IV Greater than 2.5 to 1.0, but less than or equal to 3.0 to 1.0 0.25% V Greater than 3.0 to 1.0 0.30%", "size": 1, "samples": [{"hash": "gi5LVMJxyS2", "uri": "/contracts/gi5LVMJxyS2#commitment-fee-rate", "label": "Credit Agreement (West Pharmaceutical Services Inc)", "score": 19.0, "published": true}], "hash": "8ec5cf41346a5b44a4a04d8965139643", "id": 6}, {"snippet_links": [{"key": "the-definition-of", "type": "definition", "offset": [0, 17]}, {"key": "new-clause", "type": "clause", "offset": [144, 154]}, {"key": "with-respect-to", "type": "clause", "offset": [164, 179]}, {"key": "revolving-credit-commitment-fee", "type": "clause", "offset": [184, 215]}, {"key": "effective-may", "type": "clause", "offset": [217, 230]}, {"key": "the-applicable", "type": "clause", "offset": [241, 255]}, {"key": "annual-percentage-rate", "type": "clause", "offset": [256, 278]}, {"key": "debt-ratings", "type": "clause", "offset": [321, 333]}, {"key": "debt-of-the-company", "type": "clause", "offset": [367, 386]}, {"key": "in-effect", "type": "definition", "offset": [392, 401]}, {"key": "subject-to-the-provisions", "type": "clause", "offset": [403, 428]}, {"key": "in-clauses", "type": "clause", "offset": [439, 449]}, {"key": "applicable-standard", "type": "definition", "offset": [522, 541]}], "snippet": "The definition of \"Commitment Fee Rate\" is hereby amended by deleting clause (a) thereof in its entirety and by replacing it with the following new clause (a):\n(a) With respect to the Revolving Credit Commitment Fee, effective May 14, 1997, the applicable annual percentage rate set forth in the table below opposite the Debt Ratings with respect to Long Term Senior Debt of the Company then in effect, subject to the provisions set forth in clauses (i) through (iv) of the definition of \"Margin\": Debt Rating ----------- Applicable Standard Commitment & Poor's Moody's Fee Rate -------- ------- ---------- AA- or better Aa3 or better 0.06% A or A+ A2 or A1 0.07% A- A3 0.08% BBB+ Baa1 0.09% BBB Baa2 0.12% BBB- or below Baa3 or below 0.15%\"", "size": 1, "samples": [{"hash": "18NUksWZTnb", "uri": "/contracts/18NUksWZTnb#commitment-fee-rate", "label": "Revolving Credit Agreement (Hasbro Inc)", "score": 16.0, "published": true}], "hash": "464c08f1034ebf6ff49fd3357a4f37e8", "id": 7}, {"snippet_links": [{"key": "term-commitment-fee", "type": "clause", "offset": [22, 41]}], "snippet": "The definition of the term Commitment Fee Rate is restated in its entirety as follows:", "size": 1, "samples": [{"hash": "cZGI8TfwgLA", "uri": "/contracts/cZGI8TfwgLA#commitment-fee-rate", "label": "Loan and Security Agreement (Questech Inc)", "score": 18.0, "published": true}], "hash": "607ec7811966ae43e23c03e78fd420f0", "id": 8}, {"snippet_links": [{"key": "the-borrower", "type": "definition", "offset": [0, 12]}, {"key": "pay-to", "type": "definition", "offset": [23, 29]}, {"key": "the-agent", "type": "clause", "offset": [30, 39]}, {"key": "commitment-fee", "type": "definition", "offset": [42, 56]}], "snippet": "The Borrower agrees to pay to the Agent a Commitment Fee (the \"COMMITMENT FEE\") on", "size": 1, "samples": [{"hash": "kLWijHImX9L", "uri": "/contracts/kLWijHImX9L#commitment-fee-rate", "label": "Credit Agreement (Analytical Surveys Inc)", "score": 18.0, "published": true}], "hash": "2173e23fbef6375723a1b1d746e68ddf", "id": 9}, {"snippet_links": [{"key": "the-commitment-fee", "type": "clause", "offset": [0, 18]}, {"key": "in-accordance-with", "type": "definition", "offset": [34, 52]}, {"key": "definition-of-applicable-margin", "type": "clause", "offset": [57, 88]}], "snippet": "The Commitment Fee Rate set forth in accordance with the definition of Applicable Margin hereof.", "size": 1, "samples": [{"hash": "asou02k15jd", "uri": "/contracts/asou02k15jd#commitment-fee-rate", "label": "Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)", "score": 18.0, "published": true}], "hash": "890892b4c5d00a8025417a470f78abd6", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihxjb21taXRtZW50LWZlZS1yYXRlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["", ""], ["letter-of-credit-application", "Letter of Credit Application"], ["fleet", "Fleet"], ["person", "Person"], ["interest-payment-date", "Interest Payment Date"]], "title": "Commitment Fee Rate", "size": 18, "parents": [["definitions", "Definitions"], ["definitions-and-rules-of-interpretation", "Definitions and Rules of Interpretation"], ["amendments-to-agreement", "Amendments to Agreement"], ["amendments", "Amendments"], ["soft-call-protection", "Soft-Call Protection"]], "id": "commitment-fee-rate", "related": [["commitment-fee", "Commitment Fee", "Commitment Fee"], ["commitment-fees-etc", "Commitment Fees, etc", "Commitment Fees, etc"], ["unused-commitment-fee", "Unused Commitment Fee", "Unused Commitment Fee"], ["unused-revolving-line-facility-fee", "Unused Revolving Line Facility Fee", "Unused Revolving Line Facility Fee"], ["unused-line-fee", "Unused Line Fee", "Unused Line Fee"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Commitment Fee Rate clause defines the percentage fee that a borrower must pay to a lender on the unused portion of a loan facility. Typically, this fee is calculated periodically\u2014such as monthly or quarterly\u2014based on the undrawn amount of the committed loan, incentivizing the borrower to utilize the facility efficiently. By specifying the rate and calculation method, this clause compensates the lender for reserving funds and ensures clarity regarding costs associated with unused credit."}, "json": true, "cursor": ""}}