Common use of Commitment Fees and Administrative Agent’s and Arrangers’ Fees Clause in Contracts

Commitment Fees and Administrative Agent’s and Arrangers’ Fees. (i) The Borrower shall pay to the Administrative Agent, for the account of the Revolving Lenders in accordance with their Pro Rata Shares, from and after the Funding Date until the Revolving Loan Termination Date, a commitment fee (the “Commitment Fee”) accruing at the per annum rate of the then Applicable Commitment Fee Percentage, on the daily average unused Revolving Loan Commitments (with the aggregate amount of any outstanding Swing Line Loans being deemed to be unused Revolving Loan Commitments for this purpose for all Revolving Lenders other than the Swing Line Bank). All such Commitment Fees payable under this clause (c)(i) shall be payable quarterly in arrears on each Payment Date occurring after the Funding Date (with the first such payment being calculated for the period from the Funding Date and ending on September 30, 2015), and on the Revolving Loan Termination Date.

Appears in 4 contracts

Samples: Credit Agreement (Energizer Holdings Inc), Credit Agreement (Energizer SpinCo, Inc.), Credit Agreement (Energizer Holdings Inc)

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Commitment Fees and Administrative Agent’s and Arrangers’ Fees. (i) The Borrower shall pay to the Administrative Agent, for the account of the Revolving Lenders in accordance with their Pro Rata Shares, from and after the Funding Closing Date until the Revolving Loan Termination Date, a commitment fee (the “Commitment Fee”) accruing at the per annum rate of the then Applicable Commitment Fee Percentage, on the daily average unused Revolving Loan Commitments (with the aggregate amount of any outstanding Swing Line Loans being deemed to be unused Revolving Loan Commitments for this purpose for all Revolving Lenders other than the Swing Line Bank). All such Commitment Fees payable under this clause (c)(i‎(c)‎‎(i) shall be payable quarterly in arrears on each Payment Date occurring after the Funding Closing Date (with the first such payment being calculated for the period from the Funding Closing Date and ending on September 30, 2015the last Business Day of the first fiscal quarter of the Borrower ending after the Closing Date), and on the Revolving Loan Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Energizer Holdings, Inc.), Credit Agreement (Energizer Holdings, Inc.)

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Commitment Fees and Administrative Agent’s and Arrangers’ Fees. (i) The Borrower shall pay to the Administrative Agent, for the account of the Revolving Lenders in accordance with their Pro Rata Shares, from and after the Funding Closing Date until the Revolving Loan Termination Date, a commitment fee (the “Commitment Fee”) accruing at the per annum rate of the then Applicable Commitment Fee Percentage, on the daily average unused Revolving Loan Commitments (with the aggregate amount of any outstanding Swing Line Loans being deemed to be unused Revolving Loan Commitments for this purpose for all Revolving Lenders other than the Swing Line Bank). All such Commitment Fees payable under this clause (c)(i) shall be payable quarterly in arrears on each Payment Date occurring after the Funding Closing Date (with the first such payment being calculated for the period from the Funding Closing Date and ending on September 30, 2015the last Business Day of the first fiscal quarter of the Borrower ending after the Closing Date), and on the Revolving Loan Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Energizer Holdings, Inc.), Credit Agreement (Energizer Holdings, Inc.)

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