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), 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), pay to the Revolving 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:
Period at a per annum rate equal to (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 0.25% 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 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 Class A-R Commitment as of the end of such day; provided further, that if the Revolving Commitment of any Revolving Class A-R 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 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 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 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 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 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
Commitment Fees Payable. The From and including the Closing Date to but excluding the date on which the Reinvestment Period ends, 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, 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 if solely for purposes of determining the Revolving Commitment Fee, the Undrawn Commitment shall be reduced by the amount of any Revolving Lender is reduced as Loans deemed to have been made in accordance with Section 2.5(b); provided further, solely for purposes of calculating the result of a Bail-In ActionCommitment Fee, the Undrawn Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reducedreduced (not below zero) by the First Upsize Amount. 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 Technology Finance 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.)
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
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 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;; and
(ii) from and including the date that is six months after the Closing Date December 18, 2021 to to but excluding the date that is twelve months after the Closing Tenth Amendment 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
(iii) (ii) 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. .
(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 Administrative Agent pursuant to Section 2.10.
Appears in 1 contract