Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank a commitment fee on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this Agreement, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly basis in arrears as of the last Business Day of each calendar month based upon the daily utilization for that month as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Commitment Fee Rate. For purposes of calculating utilization under this Section, the Commitments shall be deemed used to the extent of the Effective Amount of Loans then outstanding plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such commitment fee shall accrue from the Effective Date to the Facility Expiry Date and shall be due and payable monthly in arrears upon calculation by the Administrative Agent and such fees shall be charged to the Loan Account in accordance with Section 2.07; provided that, in connection with any termination -------- of Commitments under Section 2.06, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such termination. The commitment fees provided in this Section shall accrue at all times after the above-mentioned Effective Date, including at any time during which one or more conditions in Article V are not met. ---------
Appears in 1 contract
Commitment Fees. The Company shall pay to the Co-Administrative --------------- Agent for the account of each Bank Lender a commitment fee on the average daily unused portion (whether or not available to be used) of such BankLender's Commitment set forth in Schedule 1.01(a) to this AgreementCommitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Co-Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Applicable Commitment Fee RatePercentage. For purposes of calculating utilization under this Sectionsubsection, the Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstandingoutstanding and shall not be deemed used by a Lender's Pro Rata Share of Swing Line Loans. Except as set forth above, such Such commitment fee shall accrue from the Effective Date date hereof to the Facility Expiry Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each calendar quarter commencing on September 30, 1999 through the Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Termination Date; provided PROVIDED that, in connection with any reduction or termination -------- of Commitments under Section 2.06SECTION 2.07, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section subsection shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article ARTICLE V are not met. ---------.
Appears in 1 contract
Sources: Credit Agreement (Regis Corp)
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Lender a commitment fee (“Commitment Fee”) on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this AgreementLender’s Revolving Loan Commitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to at the average daily unused portion of such Bank's Commitment times the applicable average rate Applicable Margin per ----- annum that is derived from the Commitment Fee Rateannum. For purposes of calculating utilization under this Section, the Commitments Revolving Loan Commitment shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstandingoutstanding but excluding for the purposes of calculating utilization under this Section the Effective Amount of Swing Line Loans. Except as set forth above, such Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent last Business Day of each March, June, September and such fees shall December through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any reduction or termination -------- of Commitments Revolving Loan Commitment under Section 2.062.05, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Sources: Credit Agreement (CBIZ, Inc.)
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the --------------- account of each Bank a commitment fee on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this AgreementCommitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Applicable Commitment Fee Rate. For purposes of calculating utilization under this Section, the Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each calendar year quarter commencing on September 30, 1997 through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any reduction or -------- termination -------- of Commitments under Section 2.062.05 or Section 2.07, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Sources: Credit Agreement (Cb Commercial Real Estate Services Group Inc)
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Lender a commitment fee (the "COMMITMENT FEE") on the average daily unused portion (whether or not available to be used) of such BankLender's Commitment set forth in Schedule 1.01(a) to this AgreementCommitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times percent per annum set forth in SCHEDULE 2.02 corresponding to the applicable average rate per ----- annum that is derived from the Commitment Fee Ratepricing level determined in accordance therewith. For purposes of calculating utilization under this Sectionsubsection, the Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such commitment fee Such Commitment Fee shall accrue from the Effective Execution Date to the Facility Expiry Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each quarter commencing on December 31, 2001 through the Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Termination Date; provided that, in connection with any reduction or termination -------- of Commitments under Section 2.06SECTION 2.05, the accrued commitment fee Commitment Fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees Commitment Fee provided in this Section subsection shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article ARTICLE V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Lender a commitment fee (the "Commitment Fee") on the average daily unused portion (whether or not available to be used) of such BankLender's Commitment set forth in Schedule 1.01(a) to this AgreementCommitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times percent per annum set forth in Schedule 2.02 corresponding to the applicable average rate per ----- annum that is derived from the Commitment Fee Ratepricing level determined in accordance therewith. For purposes of calculating utilization under this Sectionsubsection, the Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such commitment fee Such Commitment Fee shall accrue from the Effective Execution Date to the Facility Expiry Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each quarter commencing on September 30, 2004 through the Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Termination Date; provided that, in connection with any reduction or termination -------- of Commitments under Section 2.062.05, the accrued commitment fee Commitment Fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees Commitment Fee provided in this Section subsection shall accrue at all times after the above-above- mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall Borrower agrees to pay to the Administrative --------------- Agent for the account of each Bank Lender a commitment fee Revolving Credit Non-Use Fee and a DDTL Non-Use Fee on the average daily unused portion (whether or not available to be used) amount of the Revolving Credit Commitment and the Delayed Draw Term Loan Commitment of such Bank's Commitment set forth in Schedule 1.01(a) Lender, which shall accrue at a rate per annum equal to this Agreement, as the Applicable Margin for each such Commitment may be reduced ---------------- hereunder, for fee during the period from and including the Closing Date to but excluding the applicable Commitment Termination Date. Accrued commitment fees shall be payable in arrears on the last day of each Fiscal Quarter, commencing on the Effective Date and continuing thereafterfirst such date to occur after the date hereof (provided that whenever the last day of any Fiscal Quarter would otherwise be a day that is not a Business Day, such payment date shall be extended to the next succeeding Business Day, provided that, if such extension would cause the payment date to occur in the following calendar month, such payment date shall be the immediately preceding Business Day), and computed on a monthly basis in arrears as of the last Business Day of each calendar month based upon the daily utilization for that month as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's respective Commitment times the applicable average rate per ----- annum that is derived from the Commitment Fee RateTermination Date. For purposes of calculating utilization under this Sectioncomputing commitment fees, the Commitments Revolving Credit Commitment of any Lender shall be deemed to be used to the extent of the Effective Amount aggregate principal amount at such time of its outstanding Revolving Loans then outstanding plus the Effective Amount of and such Lender’s participation in L/C Obligations then outstanding. Except as set forth above, such commitment fee shall accrue from the Effective Date (but not to the Facility Expiry Date and shall be due and payable monthly in arrears upon calculation by the Administrative Agent and such fees shall be charged to the Loan Account in accordance with Section 2.07; provided that, in connection with any termination -------- of Commitments under Section 2.06, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date extent of such termination. The commitment fees provided Lender’s participations in this Section shall accrue at all times after the above-mentioned Effective Date, including at any time during which one or more conditions in Article V are not met. ---------outstanding Swingline Loans).
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank a commitment fee (the "Commitment Fee") on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this Agreement, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly basis in arrears as of the last Business Day of each calendar month based upon the daily utilization for that month as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times Commitment, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter based upon the daily utilization for that quarter as calculated by the Administrative Agent, equal to the percent per annum set forth in Schedule 2.02 corresponding to the applicable average rate per ----- annum that is derived from the Commitment Fee Ratepricing level determined in accordance therewith. For purposes of calculating utilization under this Sectionsubsection, the Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such commitment fee Such Commitment Fee shall accrue from the Effective Execution Date to the Facility Expiry Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each quarter commencing on December 31, 1998 through the Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Termination Date; provided that, in connection with any reduction or termination -------- of Commitments under Section 2.06SECTION 2.05, the accrued commitment fee Commitment Fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees Commitment Fee provided in this Section subsection shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Lender a commitment fee (the "COMMITMENT FEE") on the average daily unused portion (whether or not available to be used) of such BankLender's Commitment set forth in Schedule 1.01(a) to this AgreementCommitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times percent per annum set forth in SCHEDULE 2.02 corresponding to the applicable average rate per ----- annum that is derived from the Commitment Fee Ratepricing level determined in accordance therewith. For purposes of calculating utilization under this Sectionsubsection, the Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such commitment fee Such Commitment Fee shall accrue from the Effective Execution Date to the Facility Expiry Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each quarter commencing on June 30, 2002 through the Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Termination Date; provided that, in connection with any reduction or termination -------- of Commitments under Section 2.06SECTION 2.05, the accrued commitment fee Commitment Fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees Commitment Fee provided in this Section subsection shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article ARTICLE V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the --------------- account of each Bank a commitment fee on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this AgreementCommitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Applicable Commitment Fee Rate. For purposes of calculating utilization under this Section, the Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each calendar year quarter commencing on June 30, 1998 through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any reduction or -------- termination -------- of Commitments under Section 2.062.05 or Section 2.07, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Lender a commitment fee ("Commitment Fee") on the average daily unused portion (whether or not available to be used) of such BankLender's Commitment set forth in Schedule 1.01(a) to this AgreementRevolving Loan Commitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to at the average daily unused portion of such Bank's Commitment times the applicable average rate Applicable Margin per ----- annum that is derived from the Commitment Fee Rateannum. For purposes of calculating utilization under this Section, the Commitments Revolving Loan Commitment shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent last Business Day of each March, June, September and such fees shall December through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided PROVIDED that, in connection with any reduction or termination -------- of Commitments Revolving Loan Commitment under Section 2.06SECTION 2.05, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank a commitment fee (the “Commitment Fee”) on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this Agreement, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly basis in arrears as of the last Business Day of each calendar month based upon the daily utilization for that month as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times ’s Commitment, computed on a quarterly basis in arrears on the applicable average rate per ----- annum last Business Day of each calendar quarter based upon the daily utilization for that is derived from quarter as calculated by the Agent, equal to the Applicable Commitment Fee Rate. For purposes of calculating utilization under this Sectionsubsection, the Commitments Total Commitment shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such commitment fee Such Commitment Fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and last Business Day of each calendar quarter, commencing on the first such fees shall quarterly date to occur after the Closing Date, through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any reduction or termination -------- of Commitments Total Commitment under Section 2.062.5 or Section 2.7, the accrued commitment fee Commitment Fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees Commitment Fees provided in this Section subsection shall accrue at all times after during the above-mentioned Effective Dateperiod, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall Borrower agrees to pay to the Administrative --------------- Agent for the account of each Bank Lender a commitment fee Revolving Credit Non-Use Fee and a DDTL Non-Use Fee on the average daily unused portion (whether or not available to be used) amount of the Revolving Credit Commitment and the Delayed Draw Term B Loan Commitment of such Bank's Commitment set forth in Schedule 1.01(a) Lender, which shall accrue at a rate per annum equal to this Agreement, as the Applicable Margin for each such Commitment may be reduced ---------------- hereunder, for fee during the period from and including the Closing Date to but excluding the applicable Commitment Termination Date. Accrued commitment fees shall be payable in arrears on the last day of each Fiscal Quarter, commencing on the Effective Date and continuing thereafterfirst such date to occur after the date hereof (provided that whenever the last day of any Fiscal Quarter would otherwise be a day that is not a Business Day, such payment date shall be extended to the next succeeding Business Day, provided that, if such extension would cause the payment date to occur in the following calendar month, such payment date shall be the immediately preceding Business Day), and computed on a monthly basis in arrears as of the last Business Day of each calendar month based upon the daily utilization for that month as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's respective Commitment times the applicable average rate per ----- annum that is derived from the Commitment Fee RateTermination Date. For purposes of calculating utilization under this Sectioncomputing commitment fees, the Commitments Revolving Credit Commitment of any Lender shall be deemed to be used to the extent of the Effective Amount aggregate principal amount at such time of Loans then its outstanding plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such commitment fee shall accrue from the Effective Date to the Facility Expiry Date and shall be due and payable monthly in arrears upon calculation by the Administrative Agent and such fees shall be charged to the Loan Account in accordance with Section 2.07; provided that, in connection with any termination -------- of Commitments under Section 2.06, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such termination. The commitment fees provided in this Section shall accrue at all times after the above-mentioned Effective Date, including at any time during which one or more conditions in Article V are not met. ---------Revolving Loans
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Lender a commitment fee ("Commitment Fee") on the average daily unused portion (whether or not available to be used) of such Bank▇▇▇▇▇▇'s Commitment set forth in Schedule 1.01(a) to this AgreementRevolving Loan Commitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to at the average daily unused portion of such Bank's Commitment times the applicable average rate Applicable Margin per ----- annum that is derived from the Commitment Fee Rateannum. For purposes of calculating utilization under this Section, the Commitments Revolving Loan Commitment shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstandingoutstanding but excluding for the purposes of calculating utilization under this Section the Effective Amount of Swing Line Loans. Except as set forth above, such Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent last Business Day of each March, June, September and such fees shall December through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any reduction or termination -------- of Commitments Revolving Loan Commitment under Section 2.062.05, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Lender a commitment fee on the average daily unused portion (whether or not available to be used) of such Bank▇▇▇▇▇▇'s Commitment set forth in Schedule 1.01(a) to this AgreementCommitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization and mix of the Tranche A Loans and Tranche B Loans for that month quarter as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Applicable Commitment Fee RatePercentage per annum. For purposes of calculating utilization under this Section, the Commitments shall be deemed used to the extent of the Effective Amount of Loans then outstanding plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such Such commitment fee fees shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each calendar quarter commencing on the Closing Date through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided PROVIDED that, in connection with any reduction or termination -------- of Commitments under Section 2.06SECTION 2.05, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section subsection shall accrue at all times after during the period described above-mentioned Effective Date, including at any time during which one or more conditions in Article V ARTICLE IV are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Revolving Lender a commitment fee on the average daily unused portion (whether or not available to be used) of such BankRevolving Lender's Commitment set forth in Schedule 1.01(a) to this AgreementRevolving Loan Commitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Applicable Commitment Fee RatePercentage. For purposes of calculating utilization under this Sectionsubsection, the Revolving Loan Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding (excluding any outstanding Swing Line Loans), plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such Such commitment fee shall accrue from the Effective Date date hereof to the Facility Expiry Revolving Loan Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each calendar quarter commencing on March 31, 2000 through the Revolving Loan Termination Date, with the final payment to be charged to made on the Revolving Loan Account in accordance with Section 2.07Termination Date; provided PROVIDED that, in connection with any reduction or termination -------- of Revolving Loan Commitments under Section 2.06SECTION 2.07, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section subsection shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article ARTICLE V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Lender a commitment fee on the average actual daily unused portion (whether or not available to be used) of such BankLender's Commitment set forth in Schedule 1.01(a) to this AgreementRevolving Commitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount Agent at a rate per annum equal to the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Commitment Applicable Fee RateAmount. For purposes of calculating utilization under this Sectionsubsection, the Revolving Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the ---- Effective Amount of L/C Obligations then outstanding. Except as set forth above, such Swingline Loans shall not constitute utilization. Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall be charged last Business Day of each calendar quarter (commencing on March 31, 2000) to the Loan Account in accordance Revolving Termination Date, with Section 2.07the final payment to be made on the Revolving Termination Date; provided that, that in connection with any termination of Revolving -------- of Commitments under Section 2.062.05, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such termination. The commitment fees provided in this Section subsection shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Sources: Credit Agreement (Mail Well Inc)
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Revolving Lender a commitment fee on equal to the average Commitment Fee Rate times the daily unused portion (whether or not available to be used) of such BankRevolving Lender's Commitment set forth in Schedule 1.01(a) to this AgreementRevolving Commitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month based upon the daily utilization for that month as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Commitment Fee Ratequarter. For purposes of calculating utilization under this Sectionsubsection, the Revolving Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and last Business Day of each fiscal quarter commencing on the first such fees shall date after the date hereof through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving 65 Termination Date; provided that, in connection with any reduction or termination -------- of Revolving Commitments under Section 2.062.5, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section subsection shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V VI are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company Borrower shall pay to the Administrative --------------- Agent for the account of each Bank a commitment fee on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this AgreementCommitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount at a rate per annum equal to the average daily unused portion of such Bank's Commitment times Applicable Amount for the applicable average rate per ----- annum that is derived from the Commitment Fee Ratecommitment fee. For purposes of calculating utilization under this Section, the Commitments shall be deemed used to the extent of the Effective Amount of Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations (excluding L/C Obligations relating to commercial Letters of Credit) then outstanding. Except as set forth above, such Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Maturity Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and last Business Day of each calendar quarter commencing on the first such fees shall date after the Closing Date through the Maturity Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Maturity Date; provided that, in -------- connection with any reduction or termination -------- of Commitments under Section 2.062.05, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section shall accrue at all times after the above-above- mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V Section 5 are not met. ---------.
Appears in 1 contract
Sources: Credit Agreement (U S Rentals Inc)
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank a commitment fee on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this AgreementCommitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month based upon the daily utilization for that month as calculated by the Administrative Agentfiscal quarter, in an amount equal to the product of (i) the Applicable Commitment Fee Rate and (ii) the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Commitment Fee Rateduring such fiscal quarter. For purposes of calculating utilization under this Sectionsubsection, the Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent last day of each March, June, September and such fees shall December, commencing December 31, 1998 through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any reduction or termination -------- of Commitments under Section 2.062.05 or Section 2.07, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section subsection shall accrue at all times after the above-above- mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company Borrower shall pay to the Administrative --------------- Agent for the account of each Bank Revolving Lender a commitment fee (a “Commitment Fee”) on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this AgreementRevolving Lender’s Revolving Commitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Commitment Fee Applicable Rate. For purposes of calculating utilization under this Sectionsubsection, the Revolving Commitments shall be deemed used to the extent of the Effective Amount principal amount of Revolving Loans then outstanding (excluding any outstanding Swing Line Loans), plus the Effective Amount amount of all L/C Obligations then outstanding. Except as set forth above, such commitment fee Commitment Fees shall accrue from the Effective Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each calendar quarter commencing on September 30, 2013 through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any reduction or termination -------- of Revolving Commitments under Section 2.062.07, the accrued commitment fee Commitment Fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees Commitment Fees provided in this Section subsection shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Sources: Credit Agreement (Hanger, Inc.)
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Lender a commitment fee ("Commitment Fee") on the average daily unused portion (whether or not available to be used) of such BankLender's Commitment set forth in Schedule 1.01(a) to this AgreementRevolving Loan Commitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to at the average daily unused portion of such Bank's Commitment times the applicable average rate Applicable Margin per ----- annum that is derived from the Commitment Fee Rateannum. For purposes of calculating utilization under this Section, the Commitments Revolving Loan Commitment shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstandingoutstanding but excluding for the purposes of calculating utilization under this Section the Effective Amount of Swing Line Loans. Except as set forth above, such Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent last Business Day of each March, June, September and such fees shall December through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any reduction or termination -------- of Commitments Revolving Loan Commitment under Section 2.062.05, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Sources: Credit Agreement (CBIZ, Inc.)
Commitment Fees. The Company Borrowers shall pay to the Administrative --------------- Agent for the account of each Bank Revolving Lender a commitment fee on the average daily unused portion (whether or not available to be used) of such BankRevolving Lender's Loan Commitment set forth in Schedule 1.01(a) to this Agreement(the "Commitment Fee"), as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent. At all times prior to the delivery of a Compliance Certificate pursuant to subsection 7.02(b) for the fiscal quarter ended March 31, in an amount 2003, the Commitment Fee shall be a per annum rate equal to 50.0 basis points and, at all times thereafter, the Commitment Fee shall be a per annum rate equal to the average daily unused portion of Commitment Fee in effect at such Bank's Commitment times time as determined by reference to the Pricing Grid attached hereto as Schedule 1.01 and the applicable average rate per ----- annum that is derived from Total Leverage Ratio for the Commitment Fee Rateapplicable period set forth in the most recent Compliance Certificate delivered pursuant to Section 7.02(b). For purposes of calculating utilization under this Sectionsubsection 2.11(b), the Revolving Loan Commitments shall be deemed used to the extent of the Effective Amount aggregate amount of Revolving Loans then outstanding plus the Effective Amount aggregate amount of L/C Obligations then outstandingoutstanding and shall not be deemed used by a Lender's Pro Rata Share of Swing Line Loans. Except as set forth above, such Such commitment fee shall accrue from the Effective Date date hereof to the Facility Expiry Revolving Loan Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by the Administrative Agent and such fees shall be charged to the Loan Account in accordance with Section 2.07; provided that, in connection with any termination -------- of Commitments under Section 2.06, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date last Business Day of such terminationeach calendar quarter commencing on March 31, 2003, with the final payment to be made on the Revolving Loan Termination Date. The commitment fees Commitment Fee provided in this Section subsection 2.11(b) shall accrue at all times after the above-mentioned Effective Datedate hereof, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Lender a commitment fee ("Commitment Fee") on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this AgreementLend▇▇'▇ ▇evolving Loan Commitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to at the average daily unused portion of such Bank's Commitment times the applicable average rate Applicable Margin per ----- annum that is derived from the Commitment Fee Rateannum. For purposes of calculating utilization under this Section, the Commitments Revolving Loan Commitment shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent last Business Day of each March, June, September and such fees shall December through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided PROVIDED that, in connection with any reduction or termination -------- of Commitments Revolving Loan Commitment under Section 2.06SECTION 2.05, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Revolving Lender a commitment fee on the average daily unused portion (whether or not available to be used) of such BankRevolving Lender's Commitment set forth in Schedule 1.01(a) to this AgreementLoan Commitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Applicable Commitment Fee RatePercentage. For purposes of calculating utilization under this Sectionsubsection, the Revolving Loan Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding (excluding any outstanding Swing Line Loans), plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such Such commitment fee shall accrue from the Effective Date date hereof to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each calendar quarter commencing on March 31, 1998 through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any reduction or termination -------- of Revolving Loan Commitments under Section 2.062.05 or Section 2.07, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section subsection shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank a commitment fee on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this AgreementCommitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times the applicable average at a rate per ----- annum specified for the Commitment fee in the definition of Applicable Amount. The Commitment Fee shall be in effect from the date the most recent certificate delivered pursuant to Section 4.1(g) or 6.2(a) is received by the Administrative Agent to but excluding the date the next such certificate is received; provided; however, that is derived from if the Company fails to timely deliver the next such certificate, the Commitment Fee Rate. For purposes of calculating utilization under this Section, from the Commitments date such certificate was due to but excluding the date such certificate is received by the Administrative Agent (the "Commitment Delinquent Period") shall be deemed used to the extent higher of (a) the Effective Amount of Loans then outstanding plus Commitment Fee already in effect and (b) the Effective Amount of L/C Obligations then outstanding. Except Commitment Fee as set forth abovein such certificate when received, such retroactively applied to the Commitment Delinquent Period. Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Date Maturity and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each quarter commencing December 31, 1996, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Maturity Date; provided that, in connection with any the termination -------- of Commitments under pursuant to Section 2.062.6 or Section 2.8(a), the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such the termination. The commitment fees provided in this Section shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V Section 4 are not met. ---------.
Appears in 1 contract
Sources: Reducing Revolving Credit Agreement (Cinemark Usa Inc /Tx)
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank Lender a commitment fee on the average daily unused portion (whether or not available to be used) of such BankLender's Commitment set forth in Schedule 1.01(a) to this AgreementCommitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization and mix of the Tranche A Loans and Tranche B Loans for that month quarter as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Applicable Commitment Fee RatePercentage per annum. For purposes of calculating utilization under this Sectionsubsection, the Commitments shall will be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such Such commitment fee fees shall accrue from the Effective Restatement Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each calendar quarter commencing on the Restatement Date through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided PROVIDED that, in connection with any reduction or termination -------- of Commitments under Section 2.06SECTION 2.05, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section subsection shall accrue at all times after during the period described above-mentioned Effective Date, including at any time during which one or more conditions in Article V ARTICLE IV are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank a commitment fee (the "Commitment Fee") on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this Agreement, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly basis in arrears as of the last Business Day of each calendar month based upon the daily utilization for that month as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times Commitment, computed on a quarterly basis in arrears on the applicable average rate per ----- annum last Business Day of each calendar quarter based upon the daily utilization for that is derived from quarter as calculated by the Agent, equal to the Applicable Margin for Commitment Fee Ratefrom time to time in effect. For purposes of calculating utilization under this Sectionsubsection, the Commitments Combined Commitment shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such commitment fee Such Commitment Fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and last Business Day of each calendar quarter, commencing on the first such fees shall quarterly date to occur after the Closing Date, through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any reduction or termination -------- of Commitments Combined Commitment under Section 2.062.5 or Section 2.7, the accrued commitment fee Commitment Fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees Commitment Fees provided in this Section subsection shall accrue at all times after during the above-mentioned Effective Dateperiod, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank a commitment fee on such Bank's Unused Commitment (the average "Commitment Fee"). The Commitment Fee for each Bank shall be computed daily unused portion (whether or not available to be used) of at the applicable per annum rate set forth on Schedule 2.9 on such Bank's Unused Commitment. As used herein, each Bank's "Unused Commitment" shall mean such Bank's Commitment set forth in Schedule 1.01(a) to this Agreement, as such Commitment may be reduced ---------------- hereunder, for less the period commencing on the Effective Date and continuing thereafter, and computed on a monthly basis in arrears as sum of the last Business Day then-outstanding principal balance of each calendar month based upon the daily utilization for that month as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank Loans (other than Swingline Loans) and such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Commitment Fee Rate. For purposes of calculating utilization under this Section, the Commitments shall be deemed used to the extent Pro Rata Share of the Effective Amount of Loans then outstanding plus the Effective Amount of L/C Obligations then outstandingObligations. Except as set forth above, such commitment fee Commitment Fees shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each fiscal quarter commencing on April 30, 2000 through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any reduction or termination -------- of Commitments under Section 2.062.6, the accrued commitment fee Commitment Fees calculated for the period ending on such date also shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees Commitment Fees provided in this Section subsection shall accrue at all times after the above-mentioned Effective Closing Date, including at any time during which one or more conditions in Article V 5 are not met. ---------.
Appears in 1 contract
Sources: Credit Agreement (Longview Fibre Co)
Commitment Fees. The In addition to certain fees described in Section 3.8, the Company shall pay to the Administrative --------------- Agent for the account of each Bank a commitment fee (the "Commitment Fee") on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this Agreement, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly basis in arrears as of the last Business Day of each calendar month based upon the daily utilization for that month as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times Commitment, computed on a quarterly basis in arrears on the applicable average rate last Business Day of each calendar quarter based upon the daily utilization for that quarter as calculated by the Agent, equal to 0.25% per ----- annum that is derived from the Commitment Fee Rateannum. For purposes of calculating utilization under this Sectionsubsection, the Commitments Total Commitment shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such commitment fee Such Commitment Fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and last Business Day of each calendar quarter, commencing on the first such fees shall quarterly date to occur after the Closing Date, through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any reduction or termination -------- of Commitments Total Commitment under Section 2.062.5 or Section 2.7, the accrued commitment fee Commitment Fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees Commitment Fees provided in this Section subsection shall accrue at all times after during the above-mentioned Effective Dateperiod, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Sources: Credit Agreement (Midway Games Inc)
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank a commitment fee on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this AgreementCommitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month based upon the daily utilization for that month as calculated by the Administrative Agentfiscal quarter, in an amount equal to the product of (i) the Applicable Commitment Fee Rate and (ii) the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Commitment Fee Rateduring such fiscal quarter. For purposes of calculating utilization under this Sectionsubsection, the Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such Such commitment fee shall accrue from the Effective Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent last day of each March, June, September and such fees shall December, commencing December 31, 2000 through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any reduction or termination -------- of Commitments under Section 2.04 or Section 2.06, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section subsection shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of each Bank a commitment fee ("Commitment Fee") on the average daily unused portion (whether or not available to be used) of such Bank's Commitment set forth in Schedule 1.01(a) to this Agreement, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly basis in arrears as of the last Business Day of each calendar month based upon the daily utilization for that month as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Revolving Loan Commitment times and 2000 TL Commitment, as the applicable average rate case may be, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter based upon the daily utilization for that quarter as calculated by the Agent, equal to the Applicable Margin per ----- annum that is derived from the Commitment Fee Rateannum. For purposes of calculating utilization under this Section, (x) the Revolving Loan Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding plus PLUS the Effective Amount of L/C Obligations then outstanding and (y) the 2000 TL Commitment shall be deemed used to the extent of the Effective Amount of Term Loans made under the 2000 TL Commitment then outstanding. Except as set forth above, such Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent last Business Day of each March, June, September and such fees shall December through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided PROVIDED that, in connection with any reduction or termination -------- of Revolving Loan Commitments or the 2000 TL Commitment, as the case may be, under Section 2.06SECTION 2.07, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article ARTICLE V are not met. ---------.
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Sources: Credit Agreement (Waterlink Inc)
Commitment Fees. The Company Holdings shall pay to the Administrative --------------- Agent for the account of each Bank a commitment fee on the average actual daily unused portion (whether or not available to be used) of such Bank's Revolving Commitment set forth in Schedule 1.01(a) to this Agreement(the "AVAILABLE COMMITMENT"), as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount Agent at a rate per annum equal to the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Commitment Applicable Fee RateAmount. For purposes of calculating utilization the Available Commitment under this SectionSection 2.11, the Revolving Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding (other than L/C Obligations consisting of the aggregate undrawn amount of all Commercial Letters of Credit then outstanding). Except as set forth above, such Swingline Loans shall not constitute utilization. Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall be charged last Business Day of each calendar quarter commencing on December 31, 1999, to the Loan Account in accordance Revolving Termination Date, with Section 2.07the final payment to be made on the Revolving Termination Date; provided that, PROVIDED that in connection with any termination -------- of Commitments under Section 2.06hereunder, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date of such termination. The commitment fees provided in this Section subsection shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------.
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Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the account of --------------- each Bank Lender a commitment fee on the average daily unused portion (whether or not available to be used) of such BankLender's Commitment set forth in Schedule 1.01(a) to this AgreementCommitment, as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount at a rate per annum equal to the average daily unused portion of such Bank's Commitment times the applicable average rate per ----- annum that is derived from the Commitment Fee RateApplicable Margin from time to time in effect. For purposes of calculating utilization under this Sectionsubsection, the Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding outstanding, plus the Effective Amount of L/C Obligations then outstanding. Except as set forth above, such Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Revolving Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by on the Administrative Agent and such fees shall last Business Day of each calendar quarter commencing on September 30, 1998 through the Revolving Termination Date, with the final payment to be charged to made on the Loan Account in accordance with Section 2.07Revolving Termination Date; provided that, in connection with any -------- reduction or termination -------- of Commitments under Section 2.062.5, the accrued ----------- commitment fee calculated for the period ending on the date of such date reduction or termination shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date. The commitment fees provided in this Section subsection shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are --------- not met. ---------.
Appears in 1 contract
Commitment Fees. The Company shall pay to the Administrative --------------- Agent for the --------------- account of each Bank Lender with a Revolving Loan Commitment or L/C Commitment a commitment fee ("Commitment Fee") on the average daily unused portion (whether or not available to be used) of such Bank-------------- Revolving Lender's Revolving Loan Commitment set forth in Schedule 1.01(a) to this Agreementor L/C Lender's L/C Commitment (as the case may be), as such Commitment may be reduced ---------------- hereunder, for the period commencing on the Effective Date and continuing thereafter, and computed on a monthly quarterly basis in arrears as of on the last Business Day of each calendar month quarter based upon the daily utilization for that month quarter as calculated by the Administrative Agent, in an amount equal to the average daily unused portion of such Bank's Commitment times the Applicable Margin per annum applicable average rate per ----- annum that is derived from to the Commitment Fee RateFee. For purposes of calculating utilization under this Section, the Revolving Loan Commitments shall be deemed used to the extent of the Effective Amount of Revolving Loans then outstanding plus and the L/C Commitments shall be deemed used to the extent of the Effective Amount of all L/C Obligations then outstanding. Except as set forth above, such Such commitment fee shall accrue from the Effective Closing Date to the Facility Expiry Termination Date and shall be due and payable monthly quarterly in arrears upon calculation by the Administrative Agent and such fees shall be charged to the Loan Account in accordance with Section 2.07; provided that, in connection with any termination -------- of Commitments under Section 2.06, the accrued commitment fee calculated for the period ending on such date shall also be paid on the date last Business Day of such terminationeach March, June, September and December through the Termination Date, with the final payment to be made on the Termination Date. The commitment fees provided in this Section shall accrue at all times after the above-mentioned Effective Datecommencement date, including at any time during which one or more conditions in Article V are not met. ---------
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