Common use of Commitment Fees, etc Clause in Contracts

Commitment Fees, etc. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the date hereof. For the avoidance of doubt, each Lender’s Revolving Commitment shall be deemed to be in effect for purposes of this Section 2.5(a) regardless of the occurrence and continuance of a Trigger Event or an Adjusted Trigger Event except with respect to any of such Revolving Commitment that has been permanently and irrevocable terminated pursuant to the terms hereof.

Appears in 6 contracts

Samples: Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.)

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Commitment Fees, etc. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the date hereof. For the avoidance of doubt, each Lender’s Revolving Commitment shall be deemed to be in effect for purposes of this Section 2.5(a) regardless of the occurrence and continuance of a Trigger Event or an Adjusted Trigger Event except with respect to any of such Revolving Commitment that has been permanently and irrevocable terminated pursuant to the terms hereof.

Appears in 5 contracts

Samples: Credit Agreement (ESH Hospitality LLC), Credit Agreement (ESH Hospitality LLC), Credit Agreement (ESH Hospitality, Inc.)

Commitment Fees, etc. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee for the period from and including the date hereof Closing Date to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the date hereofClosing Date. For the avoidance of doubt, each Lender’s Revolving Commitment shall be deemed to be in effect for purposes of this Section 2.5(a) regardless of the occurrence and continuance of a Partial Trigger Event or an Adjusted Trigger Event except with respect to any of such Revolving Commitment that has been permanently and irrevocable irrevocably terminated pursuant to the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (CorePoint Lodging Inc.)

Commitment Fees, etc. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the date hereof. For the avoidance of doubt, each Lender’s Revolving Commitment shall be deemed to be in effect for purposes of this Section 2.5(a) regardless of the occurrence and continuance of a Partial Trigger Event or an Adjusted Trigger Event except with respect to any of such Revolving Commitment that has been permanently and irrevocable irrevocably terminated pursuant to the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (CorePoint Lodging Inc.)

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Commitment Fees, etc. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the date hereof. For the avoidance of doubt, each Lender’s Revolving Commitment shall be deemed to be in effect for purposes of this Section 2.5(a) regardless of the occurrence and continuance of a Trigger Event or an Adjusted Trigger Event except with respect to any of such Revolving Commitment that has been permanently and irrevocable irrevocably terminated pursuant to the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (CorePoint Lodging Inc.)

Commitment Fees, etc. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee for the period from and including the date hereof hereofClosing Date to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the date hereofhereofClosing Date. For the avoidance of doubt, each Lender’s Revolving Commitment shall be deemed to be in effect for purposes of this Section 2.5(a) regardless of the occurrence and continuance of a Partial Trigger Event or an Adjusted Trigger Event except with respect to any of such Revolving Commitment that has been permanently and irrevocable irrevocably terminated pursuant to the terms hereof.

Appears in 1 contract

Samples: Guaranty and Security Agreement (CorePoint Lodging Inc.)

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