Commitment Fees and Other Fees Sample Clauses
The 'Commitment Fees and Other Fees' clause defines the borrower's obligation to pay certain fees to the lender in connection with a loan agreement. Typically, this includes a commitment fee, which is charged on the unused portion of the loan facility, as well as other administrative or arrangement fees that may be specified in the agreement. These fees compensate the lender for making funds available and covering administrative costs, even if the borrower does not fully utilize the loan. The core function of this clause is to ensure the lender is compensated for its commitment and to clearly outline the borrower's financial responsibilities beyond interest payments.
Commitment Fees and Other Fees. (a) RRI agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender on the last Business Day of each calendar month (beginning April, 2003) in each year prior to the Final Maturity Date, on the date of any termination or reduction of the Total Revolving Credit Commitment (as provided in Section 2.10(f)), and on the Final Maturity Date, a fee (the "Revolver Commitment Fee" and collectively, for all the Revolving Credit Lenders, the "Revolver Commitment Fees") of 0.50% per annum (computed on the basis of the actual number of days elapsed during the preceding period over a year of 360 days) on the actual daily amount during the preceding period by which such Revolving Credit Lender's Revolving Credit Commitment (as such Revolving Credit Commitment may be modified in accordance with the provisions of this Credit Agreement) exceeded the sum of (i) the product of such Revolving Credit Lender's Revolving Credit Percentage and the Revolver L/C Exposure, and (ii) the aggregate principal amount of such Revolving Credit Lender's outstanding Revolving Credit Loans.
(b) Each of the Credit Parties, jointly and severally, agrees to pay to the Administrative Agent for the account of each Senior Priority Lender on the last Business Day of each calendar month (beginning April, 2003) in each year prior to the Senior Priority Maturity Date, on the date of any termination or reduction of the Total Senior Priority Commitment (as provided in
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each month (commencing on the last Business Day of December 2010) prior to the Termination Date and on the Termination Date, an aggregate fee (the “Commitment Fees”) of one percent (1.00%) per annum, computed on the basis of the actual number of days elapsed during the preceding period or month over a year of 365/366 days, as the case may be, on the average daily amount by which such Lender’s Commitment, as such Commitment may be reduced in accordance with the provisions of this Credit Agreement, exceeds the sum of the principal balance of such Lender’s outstanding Loans plus such Lender’s Pro Rata Share of all L/C Exposure during the preceding period or quarter.
(b) The Commitment Fees shall commence to accrue from the Closing Date.
(c) The Borrower agrees to pay to the Administrative Agent on the Closing Date any and all other fees that are then due and payable by it to the Administrative Agent pursuant to the Credit Agreement, or any commitment letter or any fee letter in respect of the Facility.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of December 2002) prior to the Revolving Commitment Termination Date and on the Revolving Commitment Termination Date, an aggregate fee (the "Commitment Fees") of (i) 2% per annum so long as the average daily outstanding principal amount of Revolving Loans plus the daily outstanding principal amount of Swingline Loans plus the daily aggregate L/C Exposure during such quarter is less than or equal to 50% of the average Revolving Commitments during such period and (ii) 1.5% per annum so long as the average daily outstanding principal amount of Revolving Loans plus the daily outstanding principal amount of Swingline Loans plus the daily aggregate L/C Exposure during such quarter is more than 50% of the average Revolving Commitments during such period, in either case computed on the basis of the actual number of days elapsed during the preceding period or quarter over a year of 365/366 days, on the average daily amount by which such Lender's Revolving Commitment (as such Revolving Commitment may be reduced in accordance with the provisions of this Credit Agreement) exceeds the sum of the principal balance of such Lender's outstanding Revolving Loans, the principal balance of such Lender's outstanding Swingline Loans and the amount of such Lender's L/C Exposure during the preceding period or quarter.
(b) The Commitment Fees shall commence to accrue on the Closing Date.
(c) The Borrower agrees to pay (i) to the Administrative Agent for the account of each Lender a participation fee with respect to its participations in Letters of Credit, which shall accrue at the Applicable Margin applicable to Eurodollar Loans on the average daily amount of such Lender's L/C Exposure during the period from and including the Closing Date to but excluding the later of the date on which such Lender's Commitment terminates and the date on which such Lender ceases to have any L/C Exposure, and (ii) to the Issuing Bank a fronting fee, which shall accrue at the rate of 0.25% per annum on the average daily amount of the L/C Exposure during the period from and including the Closing Date to but excluding the later of the date of termination of the Commitments and the date on which there ceases to be any L/C Exposure, as well as the Issuing Bank's standard fees with respect to the is...
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Agent (for the account of each Lender in accordance with its Percentage) on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of September 2001) prior to the Commitment Termination Date and on the Commitment Termination Date, an aggregate fee (the "Commitment Fees") of 0.5% per annum, computed on the basis of the actual number of days elapsed over a year of 360 days, on the average daily amount by which the aggregate amount of the Revolving Credit Commitments, as they may be reduced in accordance with the provisions of this Agreement, exceeds the sum of the principal balance of Revolving Credit Loans outstanding plus the L/C Exposure during the preceding period or quarter. Such Commitment Fees shall commence to accrue on the date on which this Agreement is fully executed and shall cease to accrue on the Commitment Termination Date.
(b) In addition, the Borrower agrees to pay to the Agent and/or the Lenders, as the case may be (without duplication) the various fees referred to in the Fee Letter.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of June 2000) prior to the Commitment Termination Date, on the date of any termination or reduction of the Total Commitment, and on the Commitment Termination Date, an aggregate fee (the "Commitment Fee") of 1/2 of 1% per annum, computed on the basis of the actual number of days elapsed during the preceding period or quarter over a year of 365/366 days, as the case may be, on the average daily amount during the preceding period or quarter by which such Lender’s Commitment, as such Commitment may be reduced in accordance with the provisions of this Credit Agreement, exceeds the sum of the principal balance of such Lender’s outstanding Loans plus its Pro Rata Share of L/C Exposure. The Commitment Fee shall commence to accrue from the Closing Date.
(b) The Borrower agrees to pay to the Administrative Agent (i) for the account of each Lender in accordance with its Percentage on the Closing Date an upfront fee equal to 3/4 of 1% of the Total Commitments and (ii) for the account of any additional Lender for which the Administrative Agent accepts commitments pursuant to Section 12.1(b) hereof, an upfront fee equal to 3/4 of 1% of such Lender’s Commitment.
(c) In addition, the Borrower agrees to pay to the Administrative Agent on the Closing Date any and all other fees that are then due and payable pursuant to the Fee Letter.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of June, 2005) prior to the Commitment Termination Date and on the Commitment Termination Date, an aggregate fee (the “Commitment Fees”) of 0.5 of 1% per annum, computed on the basis of the actual number of days elapsed during the preceding period or quarter over a year of 365/366 days, as the case may be, on the average daily amount by which such Lender’s Commitment, as such Commitment may be reduced in accordance with the provisions of this Credit Agreement, exceeds the sum of the principal balance of such Lender’s outstanding Loans plus such Lender’s Pro Rata Share of all L/C Exposure during the preceding period or quarter.
(b) The Commitment Fees shall commence to accrue from the Closing Date.
(c) The Borrower agrees to pay to the Administrative Agent on the Closing Date any and all other fees that are then due and payable pursuant hereto or pursuant to the Fee Letter.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of June 1999) prior to the Commitment Termination Date and on the Commitment Termination Date, an aggregate fee (the "COMMITMENT FEE") of 1/2 of 1% per annum, computed on the basis of the actual number of days elapsed during the preceding period or quarter over a year of 360 days, on the average daily amount by which the Lender's Commitment, as such Commitment may be reduced in accordance with the provisions of this Credit Agreement, exceeds the sum of the principal balance of the Lender's outstanding Loans plus its L/C Exposure during the preceding period or quarter.
(b) The Commitment Fee shall commence to accrue from the Closing Date.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender quarterly in arrears on the last Business Day of each March, June, September and December (commencing the last Business Day of December 2002) prior to the Commitment Termination Date, on the date of any termination or reduction of the Total Commitment, and on the Commitment Termination Date, a fee (the "Commitment Fee") at a rate per annum (computed on the basis of the actual number of days elapsed during the period over a year of 360 days) equal to one half of one percent (0.50%) of the average daily amount during the preceding period by which such Lender's Commitment (as such Commitment may be modified in accordance with the provisions of this Credit Agreement) exceeded the sum of (i) the product of such Lender's Percentage and the L/C Exposure plus (ii) the aggregate principal amount of such Lender's outstanding Loans. The Commitment Fee shall be paid at a rate per annum.
(b) The Commitment Fees shall commence to accrue on the Closing Date.
(c) The Borrower agrees to pay to the applicable party, on the Closing Date, any and all Fees, expenses and other amounts that are then due and payable pursuant to the Fee Letters and, thereafter, any and all Fees, expenses and other amounts payable thereunder when due and payable.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December (commencing on the last Business Day of December 2016) prior to the Maturity Date and on the date of any termination or reduction of the Commitments, as applicable, and on the Maturity Date, an aggregate fee (the “Commitment Fees”), payable in arrears and equal to (i) 0.75% per annum so long as the Credit Exposure is less than 50% of the Total Commitments, and (ii) 0.50% per annum so long as the Credit Exposure is greater than or equal to 50% of the Total Commitments, in each case, computed on a daily basis and on the basis of a 360 day year, on the amount by which such Lender’s Commitment in effect on such day exceeds such Lender’s Pro Rata Share of the Credit Exposure in effect on such day.
(b) The Commitment Fees shall commence to accrue from the Closing Date and shall continue to accrue until the earlier of (i) the Maturity Date and (ii) the date upon which the Total Commitments are otherwise terminated in accordance herewith.
(c) The Borrower agrees to pay all other fees that are then due and payable pursuant hereto or pursuant to any fee letter executed by any Credit Party with respect to the Facility.
Commitment Fees and Other Fees. 29 SECTION 2.7. Mandatory Termination or Reduction of Commitments. 30 SECTION 2.8. Default Interest; Alternate Rate of Interest. 30 SECTION 2.9. Continuation and Conversion of Loans. 31 SECTION 2.10. Prepayment of Loans. 32 SECTION 2.11. Reimbursement of Loss. 34 SECTION 2.12. Change in Circumstances. 35 SECTION 2.13. Change in Legality. 37 SECTION 2.14. Manner of Payments. ▇▇ ▇▇▇▇▇▇▇ ▇.▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ Withholding. 38 SECTION 2.16. Interest Adjustments. 40 SECTION 2.17. Extension of the Final Maturity Date. 40