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 Class A-R 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 at a per annum rate equal to (i) from the Closing Date to but excluding the date that is three months after the Closing Date, 0.25% of the undrawn amount of the Total Class A-R Commitment as of the end of such day and (ii) thereafter, 0.50% of the undrawn amount of the Total Class A-R Commitment as of the end of such day; provided further, that if the Commitment of any Class A-R Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Lender shall be calculated based on its 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 Facility 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 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 Class A-R 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 at a per annum rate equal to (i) from the Closing Date to but excluding the date that is three months after the Closing Date, 0.250.35% of the undrawn amount of the Total Class A-R Commitment as of the end of such day and (ii) thereafter, 0.50% of the undrawn amount of the Total Class A-R 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 Class A-R 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 Facility 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 Class A-R 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”) commencing on the Closing Date and accruing for each day during each Interest Period at a per annum rate equal to Period: (i) from and including the Closing Date to but excluding the date that is three months after the Closing Date, 0.25at a per annum rate equal to 0.0% of the undrawn amount of the Total Class A-R Revolving Commitment as of the end of such day and day; (ii) thereafterthereafter for each remaining day in the Commitment Period, 0.50at a per annum rate equal to 0.55% of the undrawn amount of the Total Class A-R Revolving Commitment as of the end of such day; provided further, that if the Revolving Commitment of any Class A-R 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 Facility 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 Class A-R 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”) commencing on the Closing Date and accruing for each day during each Interest Period Period: (i) from and including the Reset Amendment Closing Date to December 17, 2021, at a per annum rate equal to (i) from the Closing Date to but excluding the date that is three months after the Closing Date, 0.25% of the undrawn amount of the Total Class A-R Commitment as of the end of such day and (ii) thereafter, 0.50% of the undrawn amount of the Total Class A-R 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 0.625% 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 Class A-R 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 Facility 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 Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Class A-R 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”) commencing on the Closing Date and accruing for each day during each Interest Period at a per annum rate equal to 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 nine months after the Closing Date, at a per annum rate equal to 0.25% of the undrawn amount of the Total Class A-R Revolving Commitment as of the end of such day; (iii) thereafter for each remaining day and (ii) thereafterin the Commitment Period, at a per annum rate equal to 0.50% of the undrawn amount of the Total Class A-R Revolving Commitment as of the end of such day; provided further, that if the Revolving Commitment of any Class A-R 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 Facility 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), pay to the Class A-R 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”) commencing on the Closing Date and accruing for each day during each Interest Period at a per annum rate equal to Period: (i) from and including the Closing Date to but excluding the date that is three six months after the Closing Date, 0.25% of the undrawn amount of the Total Class A-R Commitment as of the end of such day and (ii) thereafter, at a per annum rate equal to 0.50% of the undrawn amount of the Total Class A-R 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 further, that if the Revolving Commitment of any Class A-R 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 Facility 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), pay to the Class A-R 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”) commencing on the Closing Date and accruing for each day during each Interest Period Period: (i) from and including the Reset Amendment Closing Date to December 17, 2021, at a per annum rate equal to (i) from the Closing Date to but excluding the date that is three months after the Closing Date, 0.25% of the undrawn amount of the Total Class A-R Commitment as of the end of such day and (ii) thereafter, 0.50% of the undrawn amount of the Total Class A-R 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 0.625% 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 Class A-R 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 Facility 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 Class A-R 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”) commencing on the Closing Date and accruing for each day during each Interest Period Period: (i) from and including the Reset Amendment Closing Date to December 17, 2021, at a per annum rate equal to (i) from the Closing Date to but excluding the date that is three months after the Closing Date, 0.25% of the undrawn amount of the Total Class A-R Commitment as of the end of such day and (ii) thereafter, 0.50% of the undrawn amount of the Total Class A-R Revolving Commitment as of the end of such day; and (ii) from and including December 18, 2021 to to but excluding the Tenth Amendment Date, at a per annum rate equal to 0.625% 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 0.6250.50 % 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 Class A-R 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. . (a) 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 Facility Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Blue Owl Capital Corp)

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Class A-R 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”) commencing on the Closing Date and accruing for each day during each Interest Period Period: (i) from and including the Reset Amendment Closing Date to December 17, 2021, at a per annum rate equal to (i) from the Closing Date to but excluding the date that is three months after the Closing Date, 0.25% of the undrawn amount of the Total Class A-R Commitment as of the end of such day and (ii) thereafter, 0.50% of the undrawn amount of the Total Class A-R 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 0.625% 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 Class A-R 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 Facility Administrative Agent pursuant to Section 2.10.

Appears in 1 contract

Sources: Credit Agreement (Owl Rock Capital Corp)

Commitment Fees Payable. The Borrower Borrowers shall, subject to Section 11.5(b)(ii)(y), pay to the Class A-R 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") commencing on the Closing Date and accruing for each day during each Interest Period at a per annum rate equal to Period: (i) from and including the Amended and Restated Closing Date to but excluding the date that is three months after the Amended and Restated Closing Date (or with respect to a CLO Closing Date, 0.25three months after the CLO Closing Date), at a per annum rate equal to 0.0% of the undrawn amount of the Total Class A-R Revolving Commitment as of the end of such day and day; (ii) thereafterthereafter for each remaining day in the Commitment Period, at a per annum rate equal to 0.50% of the undrawn amount of the Total Class A-R Revolving Commitment as of the end of such day; provided further, that if the Revolving Commitment of any Class A-R 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 Facility Administrative Agent pursuant to Section 2.10.. (b)

Appears in 1 contract

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