Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee in an amount equal to the product of the Applicable Commitment Fee Rate times the daily average unused amount of such Lender’s Commitment during the period from and including the Effective Date to but excluding the date on which such Lender’s Commitment terminates. Accrued commitment fees shall be payable in arrears on each Quarterly Payment Date thereafter and on the Maturity Date.
Appears in 3 contracts
Sources: Credit Agreement (Cimarex Energy Co), Credit Agreement (Cimarex Energy Co), Credit Agreement (Cimarex Energy Co)
Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender Bank a commitment fee in an amount equal to the product of the Applicable Commitment Fee Rate times the daily average unused amount of such Lender’s Commitment during for the period from and including the Effective Date date hereof to but excluding the date last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which such Lender’s Commitment terminates. Accrued commitment fees shall be payment is made, payable quarterly in arrears on each Quarterly Payment Date thereafter and Date, commencing on the Maturity Datefirst such date to occur after the date hereof.
Appears in 3 contracts
Sources: Credit Agreement (Istar Inc.), Credit Agreement (Istar Financial Inc), Credit Agreement (Istar Inc.)
Commitment Fees. The In consideration of each Lender’s commitment to make Loans, Borrower agrees to will pay to the Administrative Agent for the account of each Lender a commitment fee in an amount equal to determined on a daily basis by applying the product of the Applicable Commitment Fee Rate times the daily average unused amount of to such Lender’s Commitment Percentage Share of the Unused Borrowing Base determined at the end of each day during the period from and including the Effective Date to but excluding the date on which such Lender’s Commitment terminatesPeriod. Accrued This commitment fees fee shall be due and payable in arrears on the last day of each Quarterly Payment Date thereafter Fiscal Quarter and on at the Maturity Dateend of the Commitment Period.
Appears in 3 contracts
Sources: Credit Agreement (Vantage Energy Inc.), Credit Agreement (Vantage Energy Inc.), Credit Agreement (Vantage Energy Inc.)
Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the account of each Lender Revolving Lender, a commitment fee in an amount equal to which shall accrue at the product of the Applicable applicable Commitment Fee Rate times on the daily average unused amount of such Lender’s Commitment during the period from and including Unused Amount plus the Effective Date to but excluding the date on which such Lender’s Commitment terminatesSwingline Exposure. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Payment Date thereafter and on the Maturity earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Date.
Appears in 3 contracts
Sources: Credit Agreement (Black Stone Minerals, L.P.), Credit Agreement (Black Stone Minerals, L.P.), Credit Agreement (Black Stone Minerals, L.P.)
Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the account of each Lender Lender, a commitment fee in an amount equal to which shall accrue at the product of the Applicable applicable Commitment Fee Rate times on the daily average unused amount of such Lender’s Commitment during the period from and including the Effective Date to but excluding the date on which such Lender’s Commitment terminatesUnused Amount. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Payment Date thereafter and on the Maturity earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Date.
Appears in 2 contracts
Sources: Credit Agreement, Credit Agreement (Black Stone Minerals, L.P.)
Commitment Fees. The In consideration of each Lender’s commitment to make Loans, Borrower agrees to will pay to the Administrative Agent for the account of each Lender a commitment fee in an amount equal to determined on a daily basis by applying the product of the Applicable Commitment Fee Rate times the daily average unused amount of to such Lender’s Commitment Percentage Share of the Availability (calculated excluding outstanding Swing Line Loans) each day during the period from and including the Effective Date to but excluding the date on which such Lender’s Commitment terminatesPeriod. Accrued This commitment fees fee shall be due and payable in arrears on the last day of each Quarterly Payment Date thereafter Fiscal Quarter and on at the Maturity Dateend of the Commitment Period.
Appears in 2 contracts
Sources: Credit Agreement (Berry Petroleum Co), Credit Agreement (Berry Petroleum Co)
Commitment Fees. The Borrower agrees to Borrowers shall pay to the Administrative Agent for the account of each Lender Lender, a commitment fee in an amount (the “Commitment Fee”) for each day at a rate per annum equal to the product of the Applicable Commitment Fee Rate times with respect to the daily average unused amount undrawn portion of the Commitments for such Lender’s day. The Commitment during the period Fee shall accrue from and including the Effective Date to but excluding the date Closing Date on which such the amount of each Lender’s Commitment terminates. Accrued commitment fees and shall be due and payable in arrears on each Quarterly Payment Date thereafter and on the Maturity Dateearlier of the Closing Date and the termination of the Commitments.
Appears in 1 contract
Sources: Senior Bridge Term Loan Credit Agreement (PPL Corp)
Commitment Fees. The Borrower agrees Borrowers agree to pay to the Administrative Agent for the account of each Lender a commitment fee in an amount at a per annum rate equal to the product of the Applicable Commitment Fee Rate times 0.50% on the daily average unused amount Unused Commitment Amount of such Lender’s Commitment during the period Lender from and including the Effective Date to but excluding the date on which such Lender’s of this Agreement until the Commitment terminatesTermination Date. Accrued The commitment fees shall be due and payable quarterly in arrears on the last day of each Quarterly Payment Date March, June, September, and December commencing on March 31, 2009 and continuing thereafter through and on including the Maturity Commitment Termination Date.
Appears in 1 contract
Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent for the account of each Lender a commitment fee in an fee, which shall accrue at the Applicable Percentage per annum on the daily amount equal to the product of the Applicable unused Commitment Fee Rate times the daily average unused amount of such Lender’s Commitment Lender during the period from and including the Effective Initial Availability Date to but excluding the date on which such Lender’s Commitment terminatesTermination Date. Accrued Such commitment fees shall be payable quarterly in arrears on the last day of each Quarterly Payment March, June, September and December, commencing on the first to occur after the Effective Date thereafter and on the Maturity Commitment Termination Date.
Appears in 1 contract
Commitment Fees. The Borrower agrees to pay to the Administrative Agent Agent, for the account ratable benefit of each Lender based upon each such Lender’s Revolving Facility Percentage, as consideration for the Revolving Commitments of the Lenders, commitment fees in Dollars (the “Commitment Fees”) for the period from the Closing Date to, but not including, the Revolving Facility Termination Date applicable to each Class of Revolving Commitments, computed for each day at a commitment fee in an amount rate per annum equal to the product of (i) the Applicable Commitment Fee Rate times the daily average unused amount of such Lender’s Commitment during the period from and including the Effective Date to but excluding the date on which such Lender’s Commitment terminates. Accrued commitment fees shall be payable in arrears on each Quarterly Payment Date thereafter and on the Maturity Date.times
Appears in 1 contract
Sources: Credit Agreement
Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, --------------- for the account of each Lender Lender, a commitment fee in an amount equal to which shall accrue at the product of the Applicable applicable Commitment Fee Rate times on the daily average unused amount of such Lender’s Commitment during the period from and including the Effective Date to but excluding the date on which such Lender’s Commitment terminatesUnused Amount. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Payment Date thereafter and on the Maturity earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Date.
Appears in 1 contract
Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender having a Commitment a commitment fee in an amount equal to the product 0.50% per annum of the Applicable daily Unused Commitment Fee Rate times the daily average unused amount Amount of such Lender’s Commitment during the period , from and including the Effective Date to but excluding the date on which such Lender’s of this Agreement until the Commitment terminatesTermination Date. Accrued The commitment fees shall be due and payable quarterly in arrears on the last day of each Quarterly Payment Date March, June, September, and December commencing on December 31, 2008 and continuing thereafter through and on including the Maturity Commitment Termination Date.
Appears in 1 contract
Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee in an the amount equal to the product of the Applicable Commitment Fee Rate times Percentage on the daily average unused amount portion of such Lender’s 's Commitment during (which unused portion includes the period unissued portion of the Facility L/C Commitment) from the date hereof to and including the Effective Date to but excluding the date on which such Lender’s Commitment terminates. Accrued commitment fees shall be Termination Date, payable in arrears on each Quarterly Payment Date thereafter hereafter and on the Maturity DateTermination Date (the "Commitment Fee").
Appears in 1 contract
Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender Bank a commitment fee in an amount equal to the product of the Applicable Commitment Fee Rate times the daily average unused amount of such Lender’s Commitment during for the period from and including the Effective Date to but excluding Closing Date, computed at the date Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which such Lender’s Commitment terminates. Accrued commitment fees shall be payment is made, payable quarterly in arrears on the last day of each Quarterly Payment Date thereafter March, June, September and December and on the Maturity Termination Date, commencing on the first of such dates to occur after the date hereof.
Appears in 1 contract
Sources: Revolving Credit Agreement (Globalstar Telecommunications LTD)
Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the account of each Lender Lender, a commitment fee in an amount equal to which shall accrue at the product of the Applicable Commitment Fee Rate times on the daily average unused amount of such Lender’s Commitment during the period from and including the Effective Date to but excluding the date on which such Lender’s Commitment terminatesUnused Amount. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Payment Date thereafter and on the Maturity earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Date.
Appears in 1 contract
Commitment Fees. The Borrower agrees Accruing from the date hereof until the Expiration Date, the Borrowers, jointly and severally agree to pay to the Administrative Agent for the account of each Lender according to its Ratable Share, a nonrefundable commitment fee in an amount (the “Commitment Fee”) equal to the product of the Applicable Commitment Fee Rate times the daily average unused amount of such Lender’s Commitment during the period from and including the Effective Date to but excluding the date on which such Lender’s Commitment terminates. Accrued commitment fees shall be payable in arrears on each Quarterly Payment Date thereafter and (computed on the Maturity Date.basis of a year of 365 or 366
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Cincinnati Financial Corp)
Commitment Fees. The Borrower agrees to Borrowers shall pay to the Administrative Agent Agent, for the account of each Lender Lender, a commitment fee in an amount equal to the product of the Applicable Commitment Fee Rate times on the daily average unused amount of such Lender’s 's Commitment during the period for each day from and including the Effective Agreement Date to but excluding the date on which such Lender’s Commitment terminates. Accrued commitment fees shall be Maturity Date at the rate of .50% per annum, payable in arrears (i) on each Quarterly Payment Date thereafter Date, and (ii) on the Maturity Date.
Appears in 1 contract
Sources: Credit Agreement (Genesis Eldercare Acquisition Corp)
Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee in an amount equal to (the product “Commitment Fees”) on the average daily unused portion of the Applicable Commitment Fee Rate times the daily average unused amount of such Lender’s Commitment during Amount, for the period from and including commencing on the Effective Date to but excluding and continuing through the date on which such Lender’s Commitment terminates. Accrued commitment fees shall be payable Closing Date, as set forth in arrears on each Quarterly Payment Date thereafter and on the Maturity Datethis Section 3.3.
Appears in 1 contract
Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the account of each Lender Lender, a commitment fee in an amount equal to which shall accrue at the product rate of the Applicable Commitment Fee Rate times 0.5% on the daily average unused amount of such Lender’s Commitment during the period from and including the Effective Date to but excluding the date on which such Lender’s Commitment terminatesUnused Amount. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Payment Date thereafter and on the Maturity earlier of the date the Aggregate Maximum Credit Amounts and Surety LC Commitment are terminated or the Termination Date.
Appears in 1 contract
Sources: Credit Agreement (Eex Corp)
Commitment Fees. The Borrower agrees to From and after the Closing Date, the Borrowers shall pay commitment fees to the Administrative Agent for the ratable account of each Lender a commitment fee the Lenders in an amount equal to the product of the Applicable Commitment Fee Rate times the average daily average unused amount by which the Commitment exceeds the sum of the principal amount of such Lender’s Commitment during the period from outstanding Loans and including the Effective Date to but excluding the date on which such Lender’s Commitment terminatesLetter of Credit Usage. Accrued These commitment fees shall be payable quarterly in arrears on the last Business Day of each Quarterly Payment Date thereafter Fiscal Quarter, upon any termination or reduction of the Commitment, and on the Maturity Date.
Appears in 1 contract
Sources: Loan Agreement (Jakks Pacific Inc)
Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent for the account of each Lender a commitment fee in an amount (the “Commitment Fee”) for each day at a rate per annum equal to the product of the Applicable Commitment Fee Rate times the daily average unused amount of for such Lender’s day. The Commitment during the period Fee shall accrue from and including the Effective Date to but excluding the date Closing Date on which such the amount of each Lender’s Commitment terminates. Accrued commitment fees and shall be due and payable in arrears on each Quarterly Payment Date thereafter and on the Maturity Dateearlier of the Closing Date and the termination of the Commitments.
Appears in 1 contract
Sources: Senior Bridge Term Loan Credit Agreement (PPL Corp)
Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the ratable account of each Lender Lender, commitment fees (the “Commitment Fees”), calculated on the average daily amount of the Unused Commitment at a commitment fee in an amount per annum rate equal to the product of the Applicable Margin for Commitment Fee Rate times the daily average unused amount of such Lender’s Fees. The Commitment during the period Fees shall accrue from and including the Effective Closing Date to but excluding the date on which such Lender’s Commitment terminates. Accrued commitment fees Termination Date and shall be payable in arrears on each Quarterly Payment Date thereafter and on the Maturity Termination Date.
Appears in 1 contract
Sources: Credit Agreement (Avocent Corp)
Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent for the account of each Lender the Lenders ratably in proportion to their Commitments a commitment fee in an calculated for each day at the rate of 0.05% per annum on the aggregate amount equal to the product of the Applicable Commitment Fee Rate times Commitments on such day. Such commitment fee shall accrue for the daily average unused amount account of such Lender’s Commitment during the period each Lender from and including the Effective Date to but excluding the date on which such Lender’s Commitment terminates. Accrued commitment fees earlier of the Drawdown Date and the Termination Date, and shall be due and payable in arrears on each Quarterly Payment Date thereafter and on the Maturity Dateupon such earlier date.
Appears in 1 contract
Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee in an amount equal to (the product of the Applicable “Commitment Fee Rate times the daily average unused amount of Fees”) on such Lender’s Percentage of the average daily unused portion of the Commitment during Amount, for the period from and (including any portion thereof when its Commitment is suspended by reason of the Borrower’s inability to satisfy any condition of Article V) commencing on the Effective Date to but excluding and continuing through the date on which such Lender’s Commitment terminates. Accrued commitment fees shall be payable Termination Date, as set forth in arrears on each Quarterly Payment Date thereafter and on the Maturity Datethis Section 3.3.
Appears in 1 contract
Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee in an amount equal to the product of the Applicable Commitment Fee Rate times the daily average unused amount of such Lender’s Commitment during for the period from and including the Effective Date to but excluding the date 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 such Lender’s Commitment terminates. Accrued commitment fees shall be payment is made, payable quarterly in arrears on each Quarterly Fee Payment Date thereafter and Date, commencing on the Maturity first such date to occur after the Effective Date.
Appears in 1 contract
Sources: Credit Agreement (Kadant Inc)
Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee in an amount at a per annum rate equal to the product of Applicable Margin for commitment fees on the Applicable actual daily Unused Commitment Fee Rate times the daily average unused amount Amount of such Lender’s Commitment during the period , from and including the Effective Date to but excluding the date on which such Lender’s of this Agreement until the Commitment terminatesTermination Date. Accrued The commitment fees shall be due and payable quarterly in arrears on the last day of each Quarterly Payment Date March, June, September, and December commencing on March 31, 2011 and continuing thereafter through and on including the Maturity Commitment Termination Date.
Appears in 1 contract
Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender a commitment fee in an amount equal to the product of the Applicable Commitment Fee Rate times the daily average unused amount of such Lender’s Commitment during for the period from and including the Effective Date date hereof to but excluding the date last day of the Revolving Credit 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 such Lender’s Commitment terminates. Accrued commitment fees shall be payment is made, payable quarterly in arrears on each Quarterly Fee Payment Date thereafter and Date, commencing on the Maturity Datefirst such date to occur after the date hereof.
Appears in 1 contract
Sources: First Lien Credit Agreement (SRAM International Corp)
Commitment Fees. The Borrower agrees to pay to the Administrative Agent Agent, for the account of distribution to each Lender a commitment fee in an amount equal proportion to the product of the Applicable Commitment Fee Rate times the daily average unused amount of such that Lender’s Commitment during Pro Rata Share, commitment fees for the period from and including the Effective Closing Date to but and excluding the date on which such Lender’s Maturity Date equal to: the average of the daily excess of the Revolving Commitments over the Revolving Usage multiplied by the Applicable Commitment terminatesFee Rate. Accrued These commitment fees shall be payable quarterly in arrears on each Quarterly Payment Date thereafter and on the Maturity Date.
Appears in 1 contract
Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee in an amount at a per annum rate equal to the product of Applicable Margin for commitment fees on the Applicable average daily Unused Commitment Fee Rate times the daily average unused amount Amount of such Lender’s Commitment during the period , from and including the Effective Date to but excluding the date on which such Lender’s of this Agreement until the Commitment terminatesTermination Date. Accrued The commitment fees shall be due and payable quarterly in arrears on the last day of each Quarterly Payment Date March, June, September, and December commencing on March 31, 2005 and continuing thereafter through and on including the Maturity Commitment Termination Date.
Appears in 1 contract
Commitment Fees. The Borrower agrees Borrowers agree to pay to the Administrative Agent for the account of each Lender a commitment fee in an amount at a per annum rate equal to the product of the Applicable Commitment Fee Rate times 0.50% on the daily average unused amount Unused Commitment Amount of such Lender’s Commitment during the period Lender from and including the Effective Date to but excluding the date on which such Lender’s of this Agreement until the Commitment terminatesTermination Date. Accrued The commitment fees shall be due and payable quarterly in arrears on the last day of each Quarterly Payment Date March, June, September, and December commencing on September 30, 2008 and continuing thereafter through and on including the Maturity Commitment Termination Date.
Appears in 1 contract
Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the account ratable benefit of each Lender the Lenders, a commitment fee in an of one-half of one percent (1/2 of 1%) per annum, calculated daily on the actual number of days the Commitments are outstanding on the amount equal to the product of the Applicable aggregate Unused Commitment Fee Rate times of the daily average unused amount of Lenders in effect from time to time, such Lender’s Commitment during the period from and including the Effective Date commitment fee to but excluding the date on which such Lender’s Commitment terminates. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Payment Date thereafter and on upon termination of the Maturity DateCommitments.
Appears in 1 contract
Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the account of each Lender Lender, a commitment fee in an amount equal to the product of the Applicable Commitment Fee Rate times on the daily average unused amount of such Lender’s 's Commitment during the period for each day from and including the Effective Agreement Date to but excluding the date on which such Lender’s Commitment terminates. Accrued commitment fees shall be payable in arrears on each Quarterly Payment Maturity Date thereafter and on at the Maturity Daterate of 0.5% per annum.
Appears in 1 contract
Sources: Credit Agreement (Genesis Eldercare Acquisition Corp)