Common use of Commitment Fees and Other Fees Clause in Contracts

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

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Reliant Resources Inc)

Commitment Fees and Other Fees. (a) RRI The Borrower ------------------------------ 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 AprilMarch, 2003) June, September and December in each year (commencing on the last Business Day of December 1999) prior to the Final Maturity Date, on the date of any termination or reduction later of the Total Revolving Credit Commitment (as provided in Section 2.10(f)), Termination Date and the Interest Loan Commitment Termination Date and on the Final Maturity Datelater thereof, a an aggregate fee (the "Revolver Unused ------ Commitment Fee" and collectively, for all the Revolving Credit Lenders, the "Revolver Commitment Fees") of 0.501/2 of 1% per annum (annum, computed on the basis of the actual -------------- number of days elapsed during the preceding period or quarter over a year of 360 365/366 days) , as the case may be, on the actual average daily amount during the preceding period by which such Revolving Credit Lender's Revolving Credit Commitment (Commitment, as such Revolving Credit Commitment may be modified reduced in accordance with the provisions of this Credit Agreement) exceeded , exceeds the sum of (i) the product principal balance of such Revolving Credit Lender's Revolving Credit outstanding Loans plus its Percentage and the Revolver of L/C Exposure, and (ii) Exposure during the aggregate principal amount of such preceding period or quarter. Subsequent to the Revolving Credit Lender's outstanding Revolving Credit LoansTermination Date, the Unused Commitment Fee shall be calculated on the basis of the available but unused revolving credit commitment calculated pursuant to the proviso in Section 2.1(c). (b) Each of The Unused Commitment Fee shall commence to accrue from the Credit PartiesClosing 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 to the Fee Letter. (d) In addition, jointly and severally, the Borrower 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) Closing Date any and all other fees that are then due and payable as described in each year prior to the Senior Priority Maturity Date, on Term Sheet included in the date of any termination or reduction of the Total Senior Priority Commitment (as provided inConfidential Information Memorandum dated April 1999.

Appears in 1 contract

Sources: Credit and Security Agreement (Artisan Entertainment Inc)

Commitment Fees and Other Fees. (a) RRI agrees The Borrowers agree to pay to the Administrative Agent for the account of each Revolving Credit Lender on the last Business Day of each calendar month (beginning AprilMarch, 2003) June, September and December in each year (commencing on the last Business Day of December 1996) 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)), Termination Date and on the Final Maturity Commitment Termination Date, a an aggregate fee (the "Revolver Commitment Fee" and collectively, for all the Revolving Credit Lenders, the "Revolver Commitment FeesCOMMITMENT FEES") of 0.50.3750 of 1% per annum (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 average daily amount during the preceding period by which such Revolving Credit Lender's Revolving Credit Commitment (Commitment, as such Revolving Credit Commitment may be modified reduced in accordance with the provisions of this Credit Agreement) exceeded , exceeds the sum of (i) the product principal balance of such Revolving Credit Lender's Revolving Credit outstanding Loans plus its Percentage and the Revolver of L/C Exposure, and (ii) Exposure during the aggregate principal amount of such Revolving Credit Lender's outstanding Revolving Credit Loanspreceding period or quarter. (b) Each The Commitment Fees shall commence to accrue from the Closing Date. (c) In addition, the Borrowers agree to pay to each of the Lenders (including the Administrative Agent) on the Closing Date a one-time fee in an amount equal to 3/4 of 1% of its Commitment in consideration of such Lender's commitment to participate in the Credit PartiesAgreement. (d) In addition, jointly and severally, agrees the Borrowers agree to pay to the Administrative Agent for the account of each Senior Priority Lender a fee ("SPECIAL PRODUCTION TRANCHE FEE") computed at 1/4 of 1% of the Budgeted Negative Cost (including interest accrued through Completion and delivery of the items of Product) of each item of Product which is funded under the Special Production Tranche. (e) In addition, the Borrowers agree to pay to the Administrative Agent on the last Business Day of each calendar month (beginning April, 2003) in each year prior Closing Date any and all other fees that are then due and payable pursuant to the Senior Priority Maturity Date, on the date of any termination or reduction of the Total Senior Priority Commitment (as provided inFee Letter.

Appears in 1 contract

Sources: Credit, Security, Guaranty and Pledge Agreement (Trimark Holdings Inc)

Commitment Fees and Other Fees. (a) RRI The Borrower ------------------------------ 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 AprilMarch, 2003) June, September and December in each year (commencing on the last Business Day of September 1998) 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)), Termination Date and on the Final Maturity Commitment Termination Date, a an aggregate fee (the "Revolver Commitment Fee" and collectively, for all the Revolving Credit Lenders, the "Revolver Commitment Fees") of 0.50.5 of 1% per annum (annum, computed on the basis of the actual --------------- number of days elapsed during the preceding period or quarter over a year of 360 365/366 days) , as the case may be, on the actual average daily amount during the preceding period by which such Revolving Credit Lender's Revolving Credit Commitment (Commitment, as such Revolving Credit Commitment may be modified reduced in accordance with the provisions of this Credit Agreement) exceeded , exceeds the sum of (i) the product principal balance 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 LoansLoans plus its Percentage of L/C Exposure during the preceding period or quarter. (b) Each of The Commitment Fees shall commence to accrue from the Credit PartiesClosing 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 to the Fee Letter. (d) In addition, jointly and severally, the Borrower 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) Closing Date any and all other fees that are then due and payable as described in each year prior to the Senior Priority Maturity Date, on Term Sheet included in the date of any termination or reduction of the Total Senior Priority Commitment (as provided inConfidential Information Memorandum dated June 1998.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Artisan Entertainment Inc)