Commitment Fees. In consideration of each Lender’s commitment to make Loans, Borrower will pay to Administrative Agent for the account of each Lender a commitment fee determined on a daily basis by applying the Commitment Fee Rate to such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment Period. This commitment fee shall be due and payable in arrears on the last day of each Fiscal Quarter and at the end 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. In consideration of each Lender’s commitment to make Loans, The Borrower will shall pay to the Administrative Agent Agent, for the account of each Lender Revolving Lender, a commitment fee determined on a daily basis by applying which shall accrue at the applicable Commitment Fee Rate to such Lender’s Percentage Share on the daily average amount of the Unused Borrowing Base determined at Amount plus the end of each day during the Commitment PeriodSwingline Exposure. This Accrued commitment fee fees shall be due and payable quarterly in arrears on each Quarterly Date and on the last day of each Fiscal Quarter and at the end earlier of the Commitment Perioddate 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. In consideration of each Lender’s commitment The Borrower agrees to make Loans, Borrower will pay to the Administrative Agent for the account of each Lender a commitment fee determined on a daily basis by applying in an amount equal to the product of the Applicable Commitment Fee Rate to times the daily average unused amount of such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day Commitment during the period from and including the Effective Date to but excluding the date on which such Lender’s Commitment Periodterminates. This Accrued commitment fee fees shall be due and payable in arrears on each Quarterly Payment Date thereafter and on the last day of each Fiscal Quarter and at the end of the Commitment PeriodMaturity Date.
Appears in 3 contracts
Sources: Credit Agreement (Cimarex Energy Co), Credit Agreement (Cimarex Energy Co), Credit Agreement (Cimarex Energy Co)
Commitment Fees. In consideration of each Lender’s commitment The Borrower agrees to make Loans, Borrower will pay to the Administrative Agent for the account of each Lender Bank a commitment fee determined on a daily basis by applying for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate to such Lender’s Percentage Share on the average daily amount of the Unused Borrowing Base determined at the end Available Commitment of each day such Bank during the Commitment Period. This commitment fee shall be due and period for which payment is made, payable quarterly in arrears on each Payment Date, commencing on the last day of each Fiscal Quarter and at first such date to occur after the end of the Commitment Perioddate hereof.
Appears in 3 contracts
Sources: Credit Agreement (Istar Inc.), Credit Agreement (Istar Financial Inc), Credit Agreement (Istar Inc.)
Commitment Fees. In consideration of each Lender’s commitment to make Loans, The Borrower will shall pay to the Administrative Agent Agent, for the account of each Lender Lender, a commitment fee determined on a daily basis by applying which shall accrue at the applicable Commitment Fee Rate to such Lender’s Percentage Share on the daily average amount of the Unused Borrowing Base determined at the end of each day during the Commitment PeriodAmount. This Accrued commitment fee fees shall be due and payable quarterly in arrears on each Quarterly Date and on the last day of each Fiscal Quarter and at the end earlier of the Commitment Perioddate 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. In consideration of each Lender’s commitment to make Loans, The Borrower will shall pay to the Administrative Agent Agent, for the account of each Lender Lender, a commitment fee determined on a the daily basis by applying the Commitment Fee Rate to unused amount of such Lender’s Percentage Share of 's Commitment for each day from and including the Unused Borrowing Base determined Agreement Date to but excluding the Maturity Date at the end rate of each day during the Commitment Period. This commitment fee shall be due and payable in arrears on the last day of each Fiscal Quarter and at the end of the Commitment Period0.5% per annum.
Appears in 1 contract
Sources: Credit Agreement (Genesis Eldercare Acquisition Corp)
Commitment Fees. In consideration of each Lender’s commitment The Borrowers agree to make Loans, Borrower will pay to the Administrative Agent for the account of each Lender a commitment fee determined at a per annum rate equal to 0.50% on a the daily basis by applying Unused Commitment Amount of such Lender from the date of this Agreement until the Commitment Fee Rate to such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment PeriodTermination Date. This The commitment fee fees shall be due and payable quarterly in arrears on the last day of each Fiscal Quarter March, June, September, and at the end of December commencing on September 30, 2008 and continuing thereafter through and including the Commitment PeriodTermination Date.
Appears in 1 contract
Commitment Fees. In consideration of each Lender’s commitment to make Loans, The Borrower will shall pay to the Administrative Agent Agent, for the account ratable benefit of each Lender the Lenders, a commitment fee determined of one-half of one percent (1/2 of 1%) per annum, calculated daily on a daily basis by applying the Commitment Fee Rate to such Lender’s Percentage Share actual number of days the Commitments are outstanding on the amount of the aggregate Unused Borrowing Base determined at Commitment of the end of each day during the Commitment Period. This Lenders in effect from time to time, such commitment fee shall to be due and payable quarterly in arrears on the last day of each Fiscal Quarter Quarterly Payment Date and at the end upon termination of the Commitment PeriodCommitments.
Appears in 1 contract
Commitment Fees. In consideration of each Lender’s commitment The Borrower agrees to make Loans, Borrower will pay to the Administrative Agent for the account of each Lender Bank a commitment fee determined on a daily basis by applying for the period from and including the Closing Date, computed at the Commitment Fee Rate to such Lender’s Percentage Share on the average daily amount of the Unused Borrowing Base determined at the end Available Commitment of each day such Bank during the Commitment Period. This commitment fee shall be due and period for which payment is made, payable quarterly in arrears on the last day of each Fiscal Quarter March, June, September and at December and on the end Termination Date, commencing on the first of such dates to occur after the Commitment Perioddate hereof.
Appears in 1 contract
Sources: Revolving Credit Agreement (Globalstar Telecommunications LTD)
Commitment Fees. In consideration of each Lender’s commitment to make Loans, The Borrower will shall pay to the Administrative Agent Agent, for the account of each Lender Lender, a commitment fee determined on a daily basis by applying which shall accrue at the Commitment Fee Rate to such Lender’s Percentage Share on the daily average amount of the Unused Borrowing Base determined at the end of each day during the Commitment PeriodAmount. This Accrued commitment fee fees shall be due and payable quarterly in arrears on each Quarterly Date and on the last day of each Fiscal Quarter and at the end earlier of the Commitment Perioddate the Aggregate Maximum Credit Amounts are terminated or the Termination Date.
Appears in 1 contract
Commitment Fees. In consideration of each Lender’s commitment Accruing from the date hereof until the Expiration Date, the Borrowers, jointly and severally agree to make Loans, Borrower will pay to the Administrative Agent for the account of each Lender according to its Ratable Share, a nonrefundable commitment fee determined on a daily basis by applying (the “Commitment Fee”) equal to the Applicable Commitment Fee Rate to such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment Period. This commitment fee shall be due and payable in arrears (computed on the last day basis of each Fiscal Quarter and at the end a year of the Commitment Period.365 or 366
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Cincinnati Financial Corp)
Commitment Fees. In consideration of each Lender’s commitment to make Loans, The Borrower will shall pay to the Administrative Agent for the account of each Lender Bank a commitment fee determined on at a daily basis by applying rate per annum equal to the Commitment Fee Rate (determined daily in accordance with the Pricing Schedule) on the daily average unused amount of its Commitment. Such commitment fees shall accrue from and including the Effective Date to such Lender’s Percentage Share but excluding the date of termination of the Unused Borrowing Base determined at the end of each day during the Commitment PeriodCommitments in their entirety. This commitment fee Accrued fees under this Section shall be due and payable quarterly in arrears on each Quarterly Date and upon the last day date of each Fiscal Quarter and at the end termination of the Commitment PeriodCommitments in their entirety.
Appears in 1 contract
Commitment Fees. In consideration of each Lender’s commitment The Borrower agrees to make Loans, Borrower will pay to the Administrative Agent for the account of each Lender a commitment fee determined (the “Commitment Fees”) on a daily basis by applying the Commitment Fee Rate to such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment Period. This commitment fee shall be due and payable in arrears on the last day of each Fiscal Quarter and at the end average daily unused portion of the Commitment PeriodAmount, for the period (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 and continuing through the Commitment Termination Date, as set forth in this Section 3.3.
Appears in 1 contract
Commitment Fees. In consideration of each Lender’s commitment to make Loans, The Borrower will shall pay to the Administrative Agent Agent, --------------- for the account of each Lender Lender, a commitment fee determined on a daily basis by applying which shall accrue at the applicable Commitment Fee Rate to such Lender’s Percentage Share on the daily average amount of the Unused Borrowing Base determined at the end of each day during the Commitment PeriodAmount. This Accrued commitment fee fees shall be due and payable quarterly in arrears on each Quarterly Date and on the last day of each Fiscal Quarter and at the end earlier of the Commitment Perioddate the Aggregate Maximum Credit Amounts are terminated or the Termination Date.
Appears in 1 contract
Commitment Fees. In consideration of each Lender’s commitment The Borrower agrees to make Loans, Borrower will 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 determined on a daily basis by applying rate per annum equal to (i) the Applicable Commitment Fee Rate to such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment Period. This commitment fee shall be due and payable in arrears on the last day of each Fiscal Quarter and at the end of the Commitment Period.times
Appears in 1 contract
Sources: Credit Agreement
Commitment Fees. In consideration of each Lender’s commitment The Borrower agrees to make Loans, Borrower will pay to the Administrative Agent for the account of each Lender a commitment fee determined at a per annum rate equal to the Applicable Margin for commitment fees on a the average daily basis by applying Unused Commitment Amount of such Lender, from the date of this Agreement until the Commitment Fee Rate to such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment PeriodTermination Date. This The commitment fee fees shall be due and payable quarterly in arrears on the last day of each Fiscal Quarter March, June, September, and at the end of December commencing on March 31, 2005 and continuing thereafter through and including the Commitment PeriodTermination Date.
Appears in 1 contract
Commitment Fees. In consideration of each Lender’s commitment The Borrower agrees to make Loans, Borrower will pay to the Administrative Agent for the account of each Lender a commitment fee determined on a daily basis by applying (the “Commitment Fee Rate to such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment Period. This commitment fee shall be due and payable in arrears Fees”) on the last day of each Fiscal Quarter and at the end average daily unused portion of the Commitment PeriodAmount, for the period commencing on the Effective Date and continuing through the Closing Date, as set forth in this Section 3.3.
Appears in 1 contract
Commitment Fees. In consideration of each Lender’s commitment to make Loans, The Borrower will shall pay to the Administrative Agent Agent, for the account of each Lender Lender, a commitment fee determined which shall accrue at the rate of 0.5% on a the daily basis by applying the Commitment Fee Rate to such Lender’s Percentage Share average amount of the Unused Borrowing Base determined at the end of each day during the Commitment PeriodAmount. This Accrued commitment fee fees shall be due and payable quarterly in arrears on each Quarterly Date and on the last day of each Fiscal Quarter and at the end earlier of the date the Aggregate Maximum Credit Amounts and Surety LC Commitment Periodare terminated or the Termination Date.
Appears in 1 contract
Sources: Credit Agreement (Eex Corp)
Commitment Fees. In consideration of each Lender’s commitment The Borrowers agree to make Loans, Borrower will pay to the Administrative Agent for the account of each Lender a commitment fee determined at a per annum rate equal to 0.50% on a the daily basis by applying Unused Commitment Amount of such Lender from the date of this Agreement until the Commitment Fee Rate to such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment PeriodTermination Date. This The commitment fee fees shall be due and payable quarterly in arrears on the last day of each Fiscal Quarter March, June, September, and at the end of December commencing on March 31, 2009 and continuing thereafter through and including the Commitment PeriodTermination Date.
Appears in 1 contract
Commitment Fees. In consideration of each Lender’s commitment to make Loans, The Borrower will shall pay to the Administrative Agent for the account of each Lender a commitment fee determined fee, which shall accrue at the Applicable Percentage per annum on a the daily basis by applying amount of the unused Commitment of such Lender during the period from and including the Initial Availability Date to but excluding the Commitment Fee Rate to such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment PeriodTermination Date. This Such commitment fee fees shall be due and payable quarterly in arrears on the last day of each Fiscal Quarter March, June, September and at December, commencing on the end of first to occur after the Effective Date and on the Commitment PeriodTermination Date.
Appears in 1 contract
Commitment Fees. In consideration of each Lender’s commitment to make Loans, Borrower will The Borrowers shall pay to the Administrative Agent Agent, for the account of each Lender Lender, a commitment fee determined on a the daily basis by applying the Commitment Fee Rate to unused amount of such Lender’s Percentage Share of 's Commitment for each day from and including the Unused Borrowing Base determined Agreement Date to but excluding the Maturity Date at the end rate of each day during the Commitment Period. This commitment fee shall be due and .50% per annum, payable in arrears (i) on each Quarterly Payment Date, and (ii) on the last day of each Fiscal Quarter and at the end of the Commitment PeriodMaturity Date.
Appears in 1 contract
Sources: Credit Agreement (Genesis Eldercare Acquisition Corp)
Commitment Fees. In consideration of each Lender’s commitment The Borrower agrees to make Loans, Borrower will pay to the Administrative Agent for the account of each Revolving Lender a commitment fee determined on a daily basis by applying for the period from and including the Effective Date to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate to such Lender’s Percentage Share on the average daily amount of the Unused Borrowing Base determined at the end Available Revolving Commitment of each day such Lender during the Commitment Period. This commitment fee shall be due and period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the last day of each Fiscal Quarter and at first such date to occur after the end of the Commitment PeriodEffective Date.
Appears in 1 contract
Sources: Credit Agreement (Kadant Inc)
Commitment Fees. In consideration of each Lender’s commitment to make Loans, Borrower will The Borrowers shall pay to the Administrative Agent for the account of each Lender Lender, a commitment fee determined on (the “Commitment Fee”) for each day at a daily basis by applying rate per annum equal to the Applicable Commitment Fee Rate with respect to the undrawn portion of the Commitments for such day. The Commitment Fee shall accrue from and including the Effective Date to but excluding the Closing Date on the amount of each Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment Period. This commitment fee and shall be due and payable in arrears on the last day of each Fiscal Quarter and at the end earlier of the Commitment PeriodClosing Date and the termination of the Commitments.
Appears in 1 contract
Sources: Senior Bridge Term Loan Credit Agreement (PPL Corp)
Commitment Fees. In consideration of each Lender’s commitment The Borrower agrees to make Loans, Borrower will pay to the Administrative Agent for the account of each Revolving Credit Lender a commitment fee determined on a daily basis by applying for the period from and including the date hereof to the last day of the Revolving Credit Commitment Period, computed at the Commitment Fee Rate to such Lender’s Percentage Share on the average daily amount of the Unused Borrowing Base determined at the end Available Revolving Commitment of each day such Lender during the Commitment Period. This commitment fee shall be due and period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the last day of each Fiscal Quarter and at first such date to occur after the end of the Commitment Perioddate hereof.
Appears in 1 contract
Sources: First Lien Credit Agreement (SRAM International Corp)
Commitment Fees. In consideration of each Lender’s commitment The Borrower agrees to make Loans, Borrower will pay to the Administrative Agent for the account of each Lender a commitment fee determined at a per annum rate equal to the Applicable Margin for commitment fees on a the actual daily basis by applying Unused Commitment Amount of such Lender, from the date of this Agreement until the Commitment Fee Rate to such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment PeriodTermination Date. This The commitment fee fees shall be due and payable quarterly in arrears on the last day of each Fiscal Quarter March, June, September, and at the end of December commencing on March 31, 2011 and continuing thereafter through and including the Commitment PeriodTermination Date.
Appears in 1 contract
Commitment Fees. In consideration of each Lender’s commitment The Borrower agrees to make Loans, Borrower will pay to the Administrative Agent for the account of each Lender having a Commitment a commitment fee determined on a equal to 0.50% per annum of the daily basis by applying Unused Commitment Amount of such Lender, from the date of this Agreement until the Commitment Fee Rate to such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment PeriodTermination Date. This The commitment fee fees shall be due and payable quarterly in arrears on the last day of each Fiscal Quarter March, June, September, and at the end of December commencing on December 31, 2008 and continuing thereafter through and including the Commitment PeriodTermination Date.
Appears in 1 contract
Commitment Fees. In consideration of each Lender’s commitment to make Loans, Borrower will Borrowers shall pay to the Administrative Agent for the account of each Lender a the Lenders an unused commitment fee determined (the “Commitment Fees”), in U.S. Dollars, in an amount equal to 1% per annum on a the actual daily basis by applying the Commitment Fee Rate to such Lender’s Percentage Share unused and uncancelled amount of the Unused Borrowing Base determined at the end Commitments of each day such Lender during the period from and including the Closing Date to but excluding the Maturity Date. Accrued Commitment Period. This commitment fee Fees shall be due and payable in arrears (i) on each Quarterly Date and (ii) on the last day of each Fiscal Quarter and at the end of the Commitment PeriodMaturity Date.
Appears in 1 contract
Sources: Equipment Supply Loan Financing Agreement (Fermi Inc.)
Commitment Fees. In consideration of each Lender’s From and after the Closing Date, the Borrowers shall pay commitment fees to make Loans, Borrower will pay to the Administrative Agent for the ratable account of each Lender a commitment fee determined on a daily basis by applying the Lenders in amount equal to the Commitment Fee Rate to such Lender’s Percentage Share times the average daily amount by which the Commitment exceeds the sum of the Unused Borrowing Base determined at principal amount of the end outstanding Loans and the Letter of each day during the Commitment PeriodCredit Usage. This These commitment fee fees shall be due and payable quarterly in arrears on the last day Business Day of each Fiscal Quarter and at the end Quarter, upon any termination or reduction of the Commitment PeriodCommitment, and on the Maturity Date.
Appears in 1 contract
Sources: Loan Agreement (Jakks Pacific Inc)
Commitment Fees. In consideration of each Lender’s commitment to make Loans, The Borrower will shall pay to the Administrative Agent for the account of each Lender a commitment fee determined on (the “Commitment Fee”) for each day at a daily basis by applying rate per annum equal to the Applicable Commitment Fee Rate for such day. The Commitment Fee shall accrue from and including the Effective Date to such but excluding the Closing Date on the amount of each Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment Period. This commitment fee and shall be due and payable in arrears on the last day of each Fiscal Quarter and at the end earlier of the Commitment PeriodClosing Date and the termination of the Commitments.
Appears in 1 contract
Sources: Senior Bridge Term Loan Credit Agreement (PPL Corp)
Commitment Fees. In consideration of each Lender’s commitment Borrower agrees to make Loans, Borrower will pay to Administrative Agent Agent, for distribution to each Lender in proportion to that Lender’s Pro Rata Share, commitment fees for the account period from and including the Closing Date to and excluding the Maturity Date equal to: the average of each Lender a commitment fee determined on a the daily basis excess of the Revolving Commitments over the Revolving Usage multiplied by applying the Applicable Commitment Fee Rate to such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment PeriodRate. This These commitment fee fees shall be due and payable quarterly in arrears on each Quarterly Payment Date and on the last day of each Fiscal Quarter and at the end of the Commitment PeriodMaturity Date.
Appears in 1 contract
Commitment Fees. In consideration The Borrower shall pay to the Administrative Agent, for the ratable account of each Lender’s , commitment to make Loansfees (the “Commitment Fees”), Borrower will pay to Administrative Agent for calculated on the account of each Lender a commitment fee determined on a average daily basis by applying the Commitment Fee Rate to such Lender’s Percentage Share amount of the Unused Borrowing Base determined Commitment at a per annum rate equal to the end of each day during Applicable Margin for Commitment Fees. The Commitment Fees shall accrue from and including the Commitment Period. This commitment fee Closing Date to but excluding the Termination Date and shall be due payable on each Quarterly Payment Date and payable in arrears on the last day of each Fiscal Quarter and at the end of the Commitment PeriodTermination Date.
Appears in 1 contract
Sources: Credit Agreement (Avocent Corp)
Commitment Fees. In consideration of each Lender’s commitment to make Loans, The Borrower will shall pay to the Administrative Agent for the account of each Lender the Lenders ratably in proportion to their Commitments a commitment fee determined calculated for each day at the rate of 0.05% per annum on a daily basis by applying the Commitment Fee Rate to such Lender’s Percentage Share aggregate amount of the Unused Borrowing Base determined at Commitments on such day. Such commitment fee shall accrue for the end account of each day during Lender from and including the Commitment Period. This commitment fee Effective Date to but excluding the earlier of the Drawdown Date and the Termination Date, and shall be due and payable in arrears on the last day of each Fiscal Quarter and at the end of the Commitment Periodupon such earlier date.
Appears in 1 contract
Commitment Fees. In consideration of each Lender’s commitment The Borrower agrees to make Loans, Borrower will pay to the Administrative Agent for the account of each Lender a commitment fee determined in the amount of the Applicable Percentage on a the daily basis by applying the Commitment Fee Rate to unused portion of such Lender’s Percentage Share 's Commitment (which unused portion includes the unissued portion of the Unused Borrowing Base determined at Facility L/C Commitment) from the end of each day during date hereof to and including the Commitment Period. This commitment fee shall be due and Termination Date, payable in arrears on each Payment Date hereafter and on the last day of each Fiscal Quarter and at Termination Date (the end of the "Commitment PeriodFee").
Appears in 1 contract