Common use of Commitment Fees Payable Clause in Contracts

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date to but excluding the date that is six months after the Closing Date, at a per annum rate equal to 0.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Date, at a per annum rate equal to 0.75% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.00% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 2 contracts

Sources: Credit Agreement (Owl Rock Capital Corp), Credit Agreement (Owl Rock Capital Corp)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y)) and Section 5.40, pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date to but excluding the date that is three months after the Closing Date, at a per annum rate equal to 0.0% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is three months after the Closing Date to but excluding the date that is six months after the Closing Date, at a per annum rate equal to 0.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (iiiii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Amendment No. 3 Date, at a per annum rate equal to 0.750.625% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iiiiv) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 2 contracts

Sources: Credit Agreement (Blue Owl Credit Income Corp.), Credit Agreement (Blue Owl Credit Income Corp.)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date to but excluding the date that is six three months after the Closing Date, at a per annum rate equal to 0.500.0% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Date, at a per annum rate equal to 0.75% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.55% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 2 contracts

Sources: Credit Agreement (Blue Owl Credit Income Corp.), Credit Agreement (Blue Owl Credit Income Corp.)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date to but excluding the date that is six three months after the Closing Date, at a per annum rate equal to 0.500.0% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six three months after the Closing Date to but excluding the date that is twelve nine months after the Closing Date, at a per annum rate equal to 0.750.25% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and; (iii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 2 contracts

Sources: Amendment No. 1 to Loan Documents (Blue Owl Credit Income Corp.), Credit Agreement (Owl Rock Core Income Corp.)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y)) and Section 5.40, pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date to but excluding the date that is three months after the Closing Date, at a per annum rate equal to 0.0% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is three months after the Closing Date but excluding the date that is six months after the Closing Date, at a per annum rate equal to 0.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Date, at a per annum rate equal to 0.75% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.625% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 2 contracts

Sources: Credit Agreement (Owl Rock Core Income Corp.), Credit Agreement (Owl Rock Core Income Corp.)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Reset Amendment Closing Date to but excluding the date that is six months after the Closing DateDecember 17, 2021, at a per annum rate equal to 0.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Date, at a per annum rate equal to 0.75% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iiiii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.625% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 2 contracts

Sources: Credit Agreement (Blue Owl Capital Corp), Credit Agreement (Owl Rock Capital Corp)

Commitment Fees Payable. The From and including the Original Closing Date to but excluding the date on which the Reinvestment Period ends, the Borrower shall, subject to Section 11.5(b)(ii)(y11.5(c)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date to but excluding the date that is six months after the Closing Date, Period at a per annum rate equal to 0.500.35% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Date, at a per annum rate equal to 0.75% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.00% of the undrawn amount of the Total Revolving Undrawn Commitment as of the end of such day; provided that, upon the closing of a subsequent Permitted Securitization, for purposes of the foregoing calculation in clause (a)(ii), the closing date shall be reset to the closing date of such Permitted Securitization; provided, further, that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 2 contracts

Sources: Credit Agreement (Owl Rock Technology Finance Corp.), Credit Agreement (Owl Rock Technology Finance Corp.)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date to but excluding the date that is six three months after the Closing Date, at a per annum rate equal to 0.500.0% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six three months after the Closing Date to but excluding the date that is twelve months after the Closing Second Amendment Effective Date, at a per annum rate equal to 0.750.55% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.00% the Commitment Fee Rate of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced; provided further that, for the first 45 days following the closing date of a Permitted Securitization, the Commitment Fee shall be 0.00%. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Blue Owl Credit Income Corp.)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “"Commitment Fee”") accruing for each day during each Interest Period: (ia) from and including the Closing Date to but excluding the date that is six three months after the Closing Date (or with respect to a CLO Closing Date, three months after the CLO Closing Date), at a per annum rate equal to 0.500.0% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Date, at a per annum rate equal to 0.75% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iiib) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Nuveen Churchill Private Capital Income Fund)

Commitment Fees Payable. The Borrower Borrowers shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “"Commitment Fee”") accruing for each day during each Interest Period: : (i) from and including the Amended and Restated Closing Date to but excluding the date that is six three months after the Amended and Restated Closing Date (or with respect to a CLO Closing Date, three months after the CLO Closing Date), at a per annum rate equal to 0.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Date, at a per annum rate equal to 0.750.0% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iiiii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.. (b)

Appears in 1 contract

Sources: Credit Agreement (Nuveen Churchill Private Capital Income Fund)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date April 14, 2020 to but excluding the date that is six three months after the Closing DateApril 14, 2020, at a per annum rate equal to 0.500.00.75 % of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is three months after April 14, 2020 to but excluding the date that is six months after April 14, 2020, at a per annum rate equal to 0.25% of the Closing Date undrawn amount of the Total Revolving Commitment as of the end of such day; (iii) from and including the date that is six months after April 14, 2020 to but excluding the date that is twelve months after the Closing DateApril 14, 2020, at a per annum rate equal to 0.750.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iiiiv) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.75% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Owl Rock Capital Corp II)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “”Commitment Fee””) accruing for each day during each Interest Period: (i) from and including the Reset Amendment Closing Date to but excluding the date that is six months after the Closing DateDecember 17, 2021, at a per annum rate equal to 0.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Date, at a per annum rate equal to 0.75% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iiiii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.625% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Owl Rock Capital Corp)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date to but excluding the date that is six three months after the Closing Date, at a per annum rate equal to 0.500.0% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six three months after the Closing Date to but excluding the date that is twelve months after the Closing Second Amendment Effective Date, at a per annum rate equal to 0.750.55% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iii) (ii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.00% 0.55%the Commitment Fee Rate of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced; provided further that, for the first 45 days following the closing date of a Permitted Securitization, the Commitment Fee shall be 0.00%. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Blue Owl Credit Income Corp.)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Reset Amendment Closing Date to but excluding the date that is six months after the Closing DateDecember 17, 2021, at a per annum rate equal to 0.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Date, at a per annum rate equal to 0.75% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iiiii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.625% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.”

Appears in 1 contract

Sources: Credit Agreement (Owl Rock Capital Corp)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or Section 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date to but excluding the date that is six three months after the Closing Date, at a per annum rate equal to 0.00% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (ii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 0.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; ; provided that, upon the closing date of a subsequent Permitted Securitization, the foregoing calculations in clauses (i) and (ii) from and including above shall be reset to be based on the date that is six months after of such Permitted Securitization in lieu of the Closing Date and such Permitted Securitization shall be deemed to but excluding be the date that is twelve months after the Closing Date, at a per annum rate equal to 0.75% of the undrawn amount of the Total Revolving Commitment as of the end most recent Permitted Securitization for purposes of such daycalculation; and (iii) thereafter for each remaining day in the Commitment Periodprovided, at a per annum rate equal to 1.00% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided further, that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Blue Owl Technology Income Corp.)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee Shares (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date to but excluding the date that is six months after the Closing Date, at a per annum rate equal to 0.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Date, at a per annum rate equal to 0.75% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.00% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender Lender's Percentage Share shall be calculated based on its Revolving Commitment as so reduced), the Commitment Fee accruing for each day during each Interest Period. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10. No Commitment Fee shall accrue during the period beginning on the Fourth Amendment Date and ending on the date immediately preceding the date that is three months after the Fourth Amendment Date. For purposes of calculating the Commitment Fee for the period commencing on the Sixth Amendment Date to but excluding the date that is three months after the Sixth Amendment Date only, the Total Revolving Commitment and, for each Revolving Lender, their respective Revolving Commitment shall be determined without giving effect to the increases in Revolving Commitments due to the change from Period 3 to Period 4.

Appears in 1 contract

Sources: Credit Agreement (Ares Strategic Income Fund)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y)) and Section 5.40, pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a ““Commitment Fee””) accruing for each day during each Interest Period: (i) from and including the Closing Date to but excluding the date that is three months after the Closing Date, at a per annum rate equal to 0.0% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is three months after the Closing Date but excluding the date that is six months after the Closing Date, at a per annum rate equal to 0.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Date, at a per annum rate equal to 0.75% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.625% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Owl Rock Core Income Corp.)

Commitment Fees Payable. (i) The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders (other than Defaulting Lenders) pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “"Commitment Fee”") commencing on the Closing Date and accruing for each day during each Interest Period: Period at a per annum rate equal to (i) from and including the Closing Date to but excluding the date that is six months after six-month anniversary of the Closing Date, at a per annum rate equal to 0.50% of the undrawn amount Undrawn Commitment in respect of the Total Revolving Commitment Loans as of the end of such day; day and (ii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after six-month anniversary of the Closing Date, at a per annum rate equal to 0.75(x) 0.50% of the undrawn amount Undrawn Commitment in respect of the Total Revolving Commitment Loans as of the end of such day; and day so long as the daily average unused amount is less than 25% of the Total Revolving Loan Commitment or the Total Term Loan Commitment (iiias applicable), and (y) thereafter for each remaining day in the Commitment Periodotherwise, at a per annum rate equal to 1.00% of the undrawn amount Undrawn Commitment in respect of the Total Revolving Commitment Loans as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Bain Capital Private Credit)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y11.5(b)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date April 14, 2020 to but excluding the date that is six three months after the Closing DateApril 14, 2020, at a per annum rate equal to 0.500.0% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is three months after April 14, 2020 to but excluding the date that is six months after April 14, 2020, at a per annum rate equal to 0.25% of the Closing Date undrawn amount of the Total Revolving Commitment as of the end of such day; (iii) from and including the date that is six months after April 14, 2020 to but excluding the date that is twelve months after the Closing DateApril 14, 2020, at a per annum rate equal to 0.750.60% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iiiiv) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.90% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Owl Rock Capital Corp II)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a ““Commitment Fee””) accruing for each day during each Interest Period: (i) from and including the Closing Date April 14, 2020 to but excluding the date that is six three months after the Closing DateApril 14, 2020, at a per annum rate equal to 0.500.0% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is three months after April 14, 2020 to but excluding the date that is six months after April 14, 2020, at a per annum rate equal to 0.25% of the Closing Date undrawn amount of the Total Revolving Commitment as of the end of such day; (iii) from and including the date that is six months after April 14, 2020 to but excluding the date that is twelve months after the Closing DateApril 14, 2020, at a per annum rate equal to 0.750.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iiiiv) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.75% of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Owl Rock Capital Corp II)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y)) and Section 5.40, pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date to but excluding the date that is three months after the Closing Date, at a per annum rate equal to 0.0% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is three months after the Closing Date to but excluding the date that is six months after the Closing Date, at a per annum rate equal to 0.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (iiiii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Amendment No. 3 Date, at a per annum rate equal to 0.750.625% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iv) (iii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.000.6250.50 % of the undrawn amount of the Total Revolving Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Blue Owl Credit Income Corp.)

Commitment Fees Payable. The From and including the Original ClosingSecond Amendment Date to but excluding the date on which the Reinvestment Period ends, the Borrower shall, subject to Section 11.5(b)(ii)(y11.5(c)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: (i) from and including the Closing Date to but excluding the date that is six months after the Closing Date, Period at a per annum rate equal to 0.500.350.50% of the undrawn amount of the Total Revolving Commitment as of the end of such day; (ii) from and including the date that is six months after the Closing Date to but excluding the date that is twelve months after the Closing Date, at a per annum rate equal to 0.75% of the undrawn amount of the Total Revolving Commitment as of the end of such day; and (iii) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 1.00% of the undrawn amount of the Total Revolving Undrawn Commitment as of the end of such day; provided that, upon the closing of a subsequent Permitted Securitization, for purposes of the foregoing calculation in clause this Section 2.6(a)(ii), the closing dateSecond Amendment Date shall be reset to the closing date of such Permitted Securitization; provided, further, that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Blue Owl Technology Finance Corp.)