{"component": "clause", "props": {"groups": [{"samples": [{"hash": "4pyiyTUBcqz", "uri": "/contracts/4pyiyTUBcqz#commitment-fees", "label": "Credit Agreement (Acuren Corp)", "score": 36.5893211365, "published": true}, {"hash": "7ss5FtlVcRl", "uri": "/contracts/7ss5FtlVcRl#commitment-fees", "label": "Credit Agreement (APi Group Corp)", "score": 36.3867225647, "published": true}, {"hash": "cphgb32MFxJ", "uri": "/contracts/cphgb32MFxJ#commitment-fees", "label": "Amendment No. 7 to Credit Agreement (APi Group Corp)", "score": 36.1348381042, "published": true}], "snippet": "The Borrowers shall pay to the Administrative Agent (x) for the account of each Revolving Credit Lender in accordance with its Pro Rata Share, (i) a commitment fee equal to the Applicable Rate times the average daily unused amount of the Revolving Credit Commitments of such Revolving Credit Lender during the preceding quarter (or other period commencing with and including the Closing Date or ending with but excluding the applicable Revolving Credit Maturity Date or the date on which the Commitments of such Revolving Credit Lender shall expire or be terminated) (the \u201cCommitment Fee\u201d); provided, however, that any Commitment Fee accrued with respect to any of the Revolving Credit Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrowers so long as such Lender shall be a Defaulting Lender except to the extent that the Commitment Fee shall otherwise have been due and payable by the Borrowers prior to such time; provided, further, that no Commitment Fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The Commitment Fee shall accrue at all times during the Initial Availability Period (and thereafter so long as any Revolving Credit Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article V is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and to but excluding the last day of the Initial Availability Period (and, if applicable, thereafter on demand). The Commitment Fee shall be calculated quarterly in arrears. For the avoidance of doubt, for purposes of computing the Commitment Fee, Revolving Credit Commitments shall be deemed to be used to the extent of the Outstanding Amount of the Revolving Credit Loans and the Outstanding Amount of all L/C Obligations.", "snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [0, 13]}, {"key": "pay-to", "type": "definition", "offset": [20, 26]}, {"key": "the-administrative-agent", "type": "clause", "offset": [27, 51]}, {"key": "the-account", "type": "clause", "offset": [60, 71]}, {"key": "revolving-credit-lender", "type": "definition", "offset": [80, 103]}, {"key": "in-accordance-with", "type": "clause", "offset": [104, 122]}, {"key": "pro-rata-share", "type": "definition", "offset": [127, 141]}, {"key": "a-commitment", "type": "definition", "offset": [147, 159]}, {"key": "equal-to", "type": "definition", "offset": [164, 172]}, {"key": "applicable-rate", "type": "definition", "offset": [177, 192]}, {"key": "average-daily-unused-amount", "type": "definition", "offset": [203, 230]}, {"key": "the-revolving-credit-commitments", "type": "clause", "offset": [234, 266]}, {"key": "preceding-quarter", "type": "definition", "offset": [310, 327]}, {"key": "other-period", "type": "definition", "offset": [332, 344]}, {"key": "but-excluding", "type": "clause", "offset": [407, 420]}, {"key": "revolving-credit-maturity-date", "type": "clause", "offset": [436, 466]}, {"key": "the-commitments", "type": "clause", "offset": [488, 503]}, {"key": "with-respect-to", "type": "clause", "offset": [642, 657]}, {"key": "defaulting-lender", "type": "clause", "offset": [703, 720]}, {"key": "during-the-period", "type": "clause", "offset": [721, 738]}, {"key": "prior-to-the", "type": "clause", "offset": [739, 751]}, {"key": "except-to-the-extent", "type": "clause", "offset": [910, 930]}, {"key": "the-commitment-fee", "type": "clause", "offset": [936, 954]}, {"key": "due-and-payable", "type": "clause", "offset": [981, 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{"key": "if-applicable", "type": "definition", "offset": [1723, 1736]}, {"key": "on-demand", "type": "clause", "offset": [1749, 1758]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1822, 1848]}, {"key": "for-purposes-of", "type": "clause", "offset": [1850, 1865]}, {"key": "outstanding-amount", "type": "definition", "offset": [1973, 1991]}, {"key": "the-revolving-credit-loans", "type": "clause", "offset": [1995, 2021]}], "size": 445, "hash": "c82d2cf55ea871a9de6cbbfe5b6d9e5f", "id": 1}, {"samples": [{"hash": "eWfJzsKc8CK", "uri": "/contracts/eWfJzsKc8CK#commitment-fees", "label": "Second Amendment to Second Amended and Restated Credit Agreement (ARKO Corp.)", "score": 37.1505813599, "published": true}, {"hash": "5G3EeBacJTc", "uri": "/contracts/5G3EeBacJTc#commitment-fees", "label": "Second Amendment to Second Amended and Restated Credit Agreement (ARKO Petroleum Corp.)", "score": 37.0520210266, "published": true}, {"hash": "iu5dFjWdeeq", "uri": "/contracts/iu5dFjWdeeq#commitment-fees", "label": "Credit Agreement (Power Solutions International, Inc.)", "score": 36.5783691406, "published": true}], "snippet": "No Defaulting Lender shall be entitled to receive any Commitment Fee for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).", "snippet_links": [{"key": "defaulting-lender", "type": "clause", "offset": [3, 20]}, {"key": "to-receive", "type": "definition", "offset": [39, 49]}, {"key": "commitment-fee", "type": "clause", "offset": [54, 68]}, {"key": "period-during-which", "type": "clause", "offset": [77, 96]}, {"key": "the-borrower-shall", "type": "clause", "offset": [137, 155]}, {"key": "to-pay", "type": "clause", "offset": [172, 178]}], "size": 92, "hash": "5b93aa9e3debdaf4145b1f200f54a68e", "id": 3}, {"samples": [{"hash": "lPSHzxRxRFT", "uri": "/contracts/lPSHzxRxRFT#commitment-fees", "label": "Credit Agreement (Van Kampen Prime Rate Income Trust)", "score": 18.0, "published": true}, {"hash": "fmjXkT8TSkj", "uri": "/contracts/fmjXkT8TSkj#commitment-fees", "label": "Credit Agreement (Van Kampen Prime Rate Income Trust)", "score": 18.0, "published": true}, {"hash": "8kV0VnDqs13", "uri": "/contracts/8kV0VnDqs13#commitment-fees", "label": "Credit Agreement (Van Kampen Prime Rate Income Trust)", "score": 18.0, "published": true}], "snippet": "The Borrowers shall pay on a several, and not on a joint, basis to the Agent for the account of each Bank a commitment fee on the daily unused portion of such Bank's 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 Agent, equal to 0.09% per annum. Van \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587me Rate Income Trust shall be responsible for its pro rata portion of the commitment fee and Van \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587ior Floating Rate Fund shall be responsible for its pro rata portion of the commitment fee based upon the relative net asset value of each Borrower on any date of determination thereof. Such commitment fee shall accrue from the date of this second amended and restated Agreement to the Commitment Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December commencing on June 14, 1999 through the Commitment Termination Date, with the final payment to be made on the Commitment Termination Date. All accrued commitment fees to but not including the effective date of any termination of Commitments shall be paid on the effective date of such termination. All accrued commitment fees to but not including the effective date of any reduction of Commitments shall be paid on the last Business Day of the then-current calendar quarter, with such quarterly payment being calculated on the basis of the period from such reduction date to such quarterly payment date. The commitment fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article IV are not met.", "snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [0, 13]}, {"key": "pay-on", "type": "definition", "offset": [20, 26]}, {"key": "the-account", "type": "clause", "offset": [81, 92]}, {"key": "a-commitment", "type": "definition", "offset": [106, 118]}, {"key": "the-daily", "type": "clause", "offset": [126, 135]}, {"key": "unused-portion", "type": "definition", "offset": [136, 150]}, {"key": "on-a-quarterly-basis", "type": "definition", "offset": [187, 207]}, {"key": "in-arrears", "type": "definition", "offset": [208, 218]}, {"key": "day-of", "type": "clause", "offset": [240, 246]}, {"key": "calendar-quarter", "type": "definition", "offset": [252, 268]}, {"key": "by-the-agent", "type": "clause", "offset": [333, 345]}, {"key": "equal-to", "type": "definition", "offset": [347, 355]}, {"key": "per-annum", "type": "definition", "offset": [362, 371]}, {"key": "income-trust", "type": "definition", "offset": [395, 407]}, {"key": "responsible-for", "type": "clause", "offset": [417, 432]}, {"key": "pro-rata-portion", "type": "definition", "offset": [437, 453]}, {"key": "the-commitment-fee", "type": "clause", "offset": [457, 475]}, {"key": "floating-rate", "type": "clause", "offset": [498, 511]}, {"key": "net-asset-value", "type": "definition", "offset": [609, 624]}, {"key": "each-borrower", "type": "clause", "offset": [628, 641]}, {"key": "date-of-determination", "type": "clause", "offset": [649, 670]}, {"key": "date-of-this", "type": "clause", "offset": [722, 734]}, {"key": "agreement-to", "type": "clause", "offset": [763, 775]}, {"key": "commitment-termination-date", "type": "definition", "offset": [780, 807]}, {"key": "due-and-payable", "type": "clause", "offset": [821, 836]}, {"key": "september-and-december", "type": "clause", "offset": [904, 926]}, {"key": "commencing-on", "type": "clause", "offset": [927, 940]}, {"key": "payment-to", "type": "clause", "offset": [1011, 1021]}, {"key": "accrued-commitment-fees", "type": "definition", "offset": [1070, 1093]}, {"key": "termination-of-commitments", "type": "clause", "offset": [1141, 1167]}, {"key": "on-the-effective-date", "type": "clause", "offset": [1182, 1203]}, {"key": "reduction-of-commitments", "type": "clause", "offset": [1300, 1324]}, {"key": "basis-of", "type": "clause", "offset": [1454, 1462]}, {"key": "period-from", "type": "definition", "offset": [1467, 1478]}, {"key": "reduction-date", "type": "definition", "offset": [1484, 1498]}, {"key": "quarterly-payment-date", "type": "clause", "offset": [1507, 1529]}, {"key": "this-subsection", "type": "definition", "offset": [1563, 1578]}, {"key": "at-all-times", "type": "definition", "offset": [1592, 1604]}, {"key": "commencement-date", "type": "clause", "offset": [1631, 1648]}, {"key": "at-any-time", "type": "clause", "offset": [1660, 1671]}, {"key": "article-iv", "type": "clause", "offset": [1711, 1721]}, {"key": "not-met", "type": "definition", "offset": [1726, 1733]}], "size": 61, "hash": "5d32c65699597f3b22c2f75880064ba8", "id": 4}, {"samples": [{"hash": "lJMZMpZcI61", "uri": "/contracts/lJMZMpZcI61#commitment-fees", "label": "Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)", "score": 30.9288158417, "published": true}, {"hash": "gap31vXWsj2", "uri": "/contracts/gap31vXWsj2#commitment-fees", "label": "Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)", "score": 30.9288158417, "published": true}, {"hash": "9TM4w03e8hb", "uri": "/contracts/9TM4w03e8hb#commitment-fees", "label": "Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)", "score": 30.9288158417, "published": true}], "snippet": "The Borrower shall pay to the Administrative Agent for the account of each Lender a fee (the \u201cCommitment Fee\u201d) for each day at a rate per annum equal to the Applicable Percentage for the Commitment Fee for such day. The Commitment Fee shall accrue from and including the Effective Date to but excluding the last day of the Availability Period on the amount by which such Lender\u2019s Commitment exceeds the sum of its Revolving Outstandings (solely for this purpose, exclusive of Swingline Exposure) on such day. The Commitment Fee shall be payable on the last day of each of March, June, September and December and on the Termination Date.", "snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [0, 18]}, {"key": "pay-to", "type": "definition", "offset": [19, 25]}, {"key": "the-administrative-agent", "type": "clause", "offset": [26, 50]}, {"key": "the-account", "type": "clause", "offset": [55, 66]}, {"key": "each-lender", "type": "clause", "offset": [70, 81]}, {"key": "per-annum", "type": "definition", "offset": [134, 143]}, {"key": "equal-to", "type": "definition", "offset": [144, 152]}, {"key": "applicable-percentage", "type": "definition", "offset": [157, 178]}, {"key": "the-commitment-fee", "type": "clause", "offset": [183, 201]}, {"key": "the-effective-date", "type": "clause", "offset": [267, 285]}, {"key": "but-excluding", "type": "clause", "offset": [289, 302]}, {"key": "day-of", "type": "clause", "offset": [312, 318]}, {"key": "availability-period", "type": "definition", "offset": [323, 342]}, {"key": "sum-of", "type": "clause", "offset": [403, 409]}, {"key": "revolving-outstandings", "type": "definition", "offset": [414, 436]}, {"key": "swingline-exposure", "type": "definition", "offset": [476, 494]}, {"key": "september-and-december", "type": "clause", "offset": [585, 607]}, {"key": "termination-date", "type": "definition", "offset": [619, 635]}], "size": 27, "hash": "9a036df76584715160a667b5f084a39b", "id": 9}, {"samples": [{"hash": "7Rz5IH3EAL8", "uri": "/contracts/7Rz5IH3EAL8#commitment-fees", "label": "Credit Agreement (Oasis Petroleum Inc.)", "score": 29.7967147827, "published": true}, {"hash": "fmI7ibr0DzM", "uri": "/contracts/fmI7ibr0DzM#commitment-fees", "label": "Credit Agreement (Oasis Petroleum Inc.)", "score": 28.742641449, "published": true}, {"hash": "88l1su2HTtV", "uri": "/contracts/88l1su2HTtV#commitment-fees", "label": "Credit Agreement (Approach Resources Inc)", "score": 25.3477077484, "published": true}], "snippet": "The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee, which shall accrue at the applicable Commitment Fee Rate on the average daily amount of the unused amount of the Commitment of such Lender during the period from and including the date of this Agreement to but excluding the Termination Date. Accrued commitment fees shall be payable in arrears on the last day of March, June, September and December of each year and on the Termination Date, commencing on the first such date to occur after the date hereof. All commitment fees shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).", "snippet_links": [{"key": "pay-to", "type": "definition", "offset": [23, 29]}, {"key": "the-administrative-agent", "type": "clause", "offset": [30, 54]}, {"key": "the-account", "type": "clause", "offset": [59, 70]}, {"key": "each-lender", "type": "clause", "offset": [74, 85]}, {"key": "a-commitment", "type": "definition", "offset": [86, 98]}, {"key": "applicable-commitment-fee-rate", "type": "definition", "offset": [130, 160]}, {"key": "daily-amount", "type": "definition", "offset": [176, 188]}, {"key": "unused-amount", "type": "definition", "offset": [196, 209]}, {"key": "the-commitment", "type": "definition", "offset": [213, 227]}, {"key": "period-from", "type": "definition", "offset": [254, 265]}, {"key": "agreement-to", "type": "clause", "offset": [297, 309]}, {"key": "but-excluding", "type": "clause", "offset": [310, 323]}, {"key": "termination-date", "type": "definition", "offset": [328, 344]}, {"key": "accrued-commitment-fees", "type": "definition", "offset": [346, 369]}, {"key": "in-arrears", "type": "definition", "offset": [387, 397]}, {"key": "day-of", "type": "clause", "offset": [410, 416]}, {"key": "september-and-december", "type": "clause", "offset": [430, 452]}, {"key": "each-year", "type": "definition", "offset": [456, 465]}, {"key": "commencing-on-the", "type": "clause", "offset": [495, 512]}, {"key": "date-hereof", "type": "clause", "offset": [548, 559]}, {"key": "basis-of", "type": "clause", "offset": [606, 614]}, {"key": "a-year", "type": "definition", "offset": [615, 621]}, {"key": "highest-lawful-rate", "type": "definition", "offset": [676, 695]}, {"key": "days-in", "type": "definition", "offset": [781, 788]}, {"key": "leap-year", "type": "clause", "offset": [791, 800]}, {"key": "actual-number-of-days", "type": "clause", "offset": [832, 853]}, {"key": "first-day", "type": "definition", "offset": [877, 886]}], "size": 108, "hash": "9094e65f29bbf62a269516cad31249b3", "id": 2}, {"samples": [{"hash": "lyBuZbEuDyw", "uri": "/contracts/lyBuZbEuDyw#commitment-fees", "label": "Loan Agreement (Enstar Income Program 1984-1 Lp)", "score": 18.0, "published": true}, {"hash": "l32tumBDPbM", "uri": "/contracts/l32tumBDPbM#commitment-fees", "label": "Loan Agreement (Enstar Income Program Iv-2 Lp)", "score": 18.0, "published": true}, {"hash": "ey9dRc6TSTV", "uri": "/contracts/ey9dRc6TSTV#commitment-fees", "label": "Loan Agreement (Enstar Income Growth Program Five-a Lp)", "score": 18.0, "published": true}], "snippet": "30 2.11 Computation of Fees and Interest............................................ 30 2.12 Payments by the Company..................................................... 31 2.13 Payments by the Banks to the Administrative Agent........................... 32 2.14 Sharing of Payments, Etc.................................................... 32 2.15 Security.................................................................... 33 ARTICLE III", "snippet_links": [{"key": "computation-of-fees-and-interest", "type": "clause", "offset": [8, 40]}, {"key": "payments-by-the-company", "type": "clause", "offset": [93, 116]}, {"key": "payments-by-the-banks-to-the-administrative-agent", "type": "clause", "offset": [178, 227]}, {"key": "sharing-of-payments", "type": "clause", "offset": [263, 282]}, {"key": "article-iii", "type": "definition", "offset": [428, 439]}], "size": 51, "hash": "ea64b74d039adc8fdc61ff987bd11436", "id": 5}, {"samples": [{"hash": "gW7X2FNqld6", "uri": "/contracts/gW7X2FNqld6#commitment-fees", "label": "Credit Agreement (Ultra Petroleum Corp)", "score": 30.7084197998, "published": true}, {"hash": "4o3SWLyLs2i", "uri": "/contracts/4o3SWLyLs2i#commitment-fees", "label": "Credit Agreement (Ultra Petroleum Corp)", "score": 30.1334705353, "published": true}, {"hash": "l3V4ebG32K2", "uri": "/contracts/l3V4ebG32K2#commitment-fees", "label": "Credit Agreement (Ultra Petroleum Corp)", "score": 29.9828891754, "published": true}], "snippet": "Except as otherwise provided in Section 4.05(a)(iii), the Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee, which shall accrue at the applicable Commitment Fee Rate on the average daily amount of the unused amount of the Commitment of such Lender during the period from and including the date of this Agreement to but excluding the Termination Date. Accrued commitment fees shall be payable in arrears on the last day of March, June, September and December of each year and on the Termination Date, commencing on the first such date to occur after the date hereof. All commitment fees shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).", "snippet_links": [{"key": "except-as-otherwise-provided", "type": "clause", "offset": [0, 28]}, {"key": "pay-to", "type": "definition", "offset": [77, 83]}, {"key": "the-administrative-agent", "type": "clause", "offset": [84, 108]}, {"key": "the-account", "type": "clause", "offset": [113, 124]}, {"key": "each-lender", "type": "clause", "offset": [128, 139]}, {"key": "a-commitment", "type": "definition", "offset": [140, 152]}, {"key": "applicable-commitment-fee-rate", "type": "definition", "offset": [184, 214]}, {"key": "daily-amount", "type": "definition", "offset": [230, 242]}, {"key": "unused-amount", "type": "definition", "offset": [250, 263]}, {"key": "the-commitment", "type": "definition", "offset": [267, 281]}, {"key": "period-from", "type": "definition", "offset": [308, 319]}, {"key": "agreement-to", "type": "clause", "offset": [351, 363]}, {"key": "but-excluding", "type": "clause", "offset": [364, 377]}, {"key": "termination-date", "type": "definition", "offset": [382, 398]}, {"key": "accrued-commitment-fees", "type": "definition", "offset": [400, 423]}, {"key": "in-arrears", "type": "definition", "offset": [441, 451]}, {"key": "day-of", "type": "clause", "offset": [464, 470]}, {"key": "september-and-december", "type": "clause", "offset": [484, 506]}, {"key": "each-year", "type": "definition", "offset": [510, 519]}, {"key": "commencing-on-the", "type": "clause", "offset": [549, 566]}, {"key": "date-hereof", "type": "clause", "offset": [602, 613]}, {"key": "basis-of", "type": "clause", "offset": [660, 668]}, {"key": "a-year", "type": "definition", "offset": [669, 675]}, {"key": "highest-lawful-rate", "type": "definition", "offset": [730, 749]}, {"key": "days-in", "type": "definition", "offset": [835, 842]}, {"key": "leap-year", "type": "clause", "offset": [845, 854]}, {"key": "actual-number-of-days", "type": "clause", "offset": [886, 907]}, {"key": "first-day", "type": "definition", "offset": [931, 940]}], "size": 41, "hash": "1378710fcc3423d7cee73cc6afacbaa1", "id": 6}, {"samples": [{"hash": "tqThRyVdNP", "uri": "/contracts/tqThRyVdNP#commitment-fees", "label": "Standby Equity Distribution Agreement (Cti Industries Corp)", "score": 21.0, "published": true}, {"hash": "6CnohYV8W6J", "uri": "/contracts/6CnohYV8W6J#commitment-fees", "label": "Standby Equity Distribution Agreement (Electric Aquagenics Unlimited Inc)", "score": 21.0, "published": true}, {"hash": "f72K2bmkYME", "uri": "/contracts/f72K2bmkYME#commitment-fees", "label": "Standby Equity Distribution Agreement (Cirtran Corp)", "score": 18.0, "published": true}], "snippet": "On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five percent (5%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.", "snippet_links": [{"key": "advance-date", "type": "definition", "offset": [8, 20]}, {"key": "the-company-shall", "type": "clause", "offset": [21, 38]}, {"key": "pay-to", "type": "definition", "offset": [39, 45]}, {"key": "the-investor", "type": "clause", "offset": [46, 58]}, {"key": "gross-proceeds", "type": "clause", "offset": [78, 92]}, {"key": "held-in-escrow", "type": "clause", "offset": [93, 107]}, {"key": "equal-to", "type": "definition", "offset": [119, 127]}, {"key": "five-percent", "type": "clause", "offset": [128, 140]}, {"key": "the-company-hereby", "type": "clause", "offset": [177, 195]}, {"key": "by-the-company", "type": "clause", "offset": [260, 274]}, {"key": "the-advance", "type": "clause", "offset": [278, 289]}, {"key": "section-23", "type": "clause", "offset": [383, 394]}, {"key": "this-agreement", "type": "clause", "offset": [398, 412]}], "size": 30, "hash": "9115e3eed792c8015c977cf09c00595a", "id": 7}, {"samples": [{"hash": "gMIJG0IwJHy", "uri": "/contracts/gMIJG0IwJHy#commitment-fees", "label": "Credit Agreement (Del Monte Foods Co)", "score": 18.0, "published": true}, {"hash": "1CifzfOeeWx", "uri": "/contracts/1CifzfOeeWx#commitment-fees", "label": "Credit Agreement (Del Monte Foods Co)", "score": 18.0, "published": true}], "snippet": "The Company shall pay to the Administrative Agent for the account of each Revolving Lender a commitment fee calculated at a rate per annum equal to the Commitment Fee Rate on the average daily unused portion of such Revolving Lender's Revolving Commitment, computed on a quarterly basis in arrears on the last Business Day of each fiscal quarter based upon the daily utilization for that quarter as calculated by the Administrative Agent. For purposes of calculating utilization under this subsection, the -51- 62 Revolving Commitments shall be deemed used to the extent of the Effective Amount of all Revolving Loans then outstanding (but Swingline Loans shall not constitute usage of any Revolving Lender's Revolving Commitment for the purpose of calculating commitment fees) plus the Effective Amount of all L/C Obligations then outstanding. Such commitment fee shall accrue from the Restatement Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each fiscal quarter, with the final payment to be made on the Revolving Termination Date. The commitment fees provided in this subsection shall accrue at all times after the Restatement Date, including at any time during which one or more conditions in Article V are not met.", "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "pay-to", "type": "definition", "offset": [18, 24]}, {"key": "the-administrative-agent", "type": "clause", "offset": [25, 49]}, {"key": "the-account", "type": "clause", "offset": [54, 65]}, {"key": "revolving-lender", "type": "definition", "offset": [74, 90]}, {"key": "a-commitment", "type": "definition", "offset": [91, 103]}, {"key": "per-annum", "type": "definition", "offset": [129, 138]}, {"key": "equal-to", "type": "definition", "offset": [139, 147]}, {"key": "commitment-fee-rate", "type": "clause", "offset": [152, 171]}, {"key": "unused-portion", "type": "definition", "offset": [193, 207]}, {"key": "on-a-quarterly-basis", "type": "definition", "offset": [266, 286]}, {"key": "in-arrears", "type": "definition", "offset": [287, 297]}, {"key": "day-of", "type": "clause", "offset": [319, 325]}, {"key": "fiscal-quarter", "type": "clause", "offset": [331, 345]}, {"key": "the-daily", "type": "clause", "offset": [357, 366]}, {"key": "for-purposes-of", "type": "clause", "offset": [439, 454]}, {"key": "this-subsection", "type": "definition", "offset": [485, 500]}, {"key": "revolving-commitments", "type": "definition", "offset": [514, 535]}, {"key": "to-the-extent", "type": "clause", "offset": [557, 570]}, {"key": "effective-amount", "type": "definition", "offset": [578, 594]}, {"key": "all-revolving-loans", "type": "clause", "offset": [598, 617]}, {"key": "loans-shall", "type": "definition", "offset": [650, 661]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [730, 748]}, {"key": "restatement-date", "type": "clause", "offset": [887, 903]}, {"key": "revolving-termination-date", "type": "clause", "offset": [911, 937]}, {"key": "due-and-payable", "type": "clause", "offset": [951, 966]}, {"key": "payment-to", "type": "clause", "offset": [1052, 1062]}, {"key": "at-all-times", "type": "definition", "offset": [1167, 1179]}, {"key": "at-any-time", "type": "clause", "offset": [1218, 1229]}, {"key": "article-v", "type": "definition", "offset": [1269, 1278]}, {"key": "not-met", "type": "definition", "offset": [1283, 1290]}], "size": 30, "hash": "c95a4e7c8fb42e994b5c1f3915a92ce0", "id": 8}, {"samples": [{"hash": "HUdLSCPBcK", "uri": "/contracts/HUdLSCPBcK#commitment-fees", "label": "Loan Agreement (Carrols Corp)", "score": 18.0, "published": true}, {"hash": "2Gt48LLj7eC", "uri": "/contracts/2Gt48LLj7eC#commitment-fees", "label": "Loan Agreement (Carrols Corp)", "score": 18.0, "published": true}], "snippet": "(a) Borrower shall pay to Agent for the account of each Revolving Loan Lender revolving loan commitment fees for the period from May 20, 1997 to and including the Revolving Loan Termination Date at a rate per annum equal to 0.375%. Such revolving loan commitment fees shall be computed (on the basis of the actual number of days elapsed in a year composed of 360 days) on each day and shall be based on the excess of (x) the aggregate amount of each Revolving Loan Lender's Revolving Loan Commitment for such day over (y) the sum of (i) the aggregate unpaid principal balance of such Lender's Revolving Note on such day plus (ii) the aggregate Letter of Credit Liabilities as to such Lender for such day. Accrued revolving loan commitment fees shall be payable in arrears on the Quarterly Dates prior to the Revolving Loan Termination Date and on the Revolving Loan Termination Date.\n(b) Borrower shall pay to Agent for the account of each Advance Loan Lender advance loan commitment fees for the period from May 20, 1997 to and including the Advance Loan Termination Date at a rate per annum equal to 0.25%. Such advance loan commitment fees shall be computed (on the basis of the actual number of days elapsed in a year composed of 360 days) on each day and shall be based on the excess of (x) the aggregate amount of each Advance Loan Lender's Advance Loan Commitment for such day over (y) the aggregate unpaid principal balance of such Lender's Advance Notes on such day. Accrued advance loan commitment fees shall be payable in arrears on the Quarterly Dates prior to the Advance Loan Termination Date and on the Advance Loan Termination Date.\n(c) Concurrently with each Advance Loan made prior to November 20, 1997, Borrower shall pay to Agent for the account of each Advance Loan Lender an additional advance loan fee in an amount equal to the Advance Loan made by such Advance Loan Lender times 0.125% per annum calculated for a period equal to the number of days from May 20, 1997 through the date of such Advance Loan. Concurrently with each Advance Loan made on or after November 20, 1997, Borrower shall pay to Agent for the account of each Advance Loan Lender an additional advance loan fee in an amount equal to the Advance Loan made by such Advance Loan Lender times 0.0625%.\n(d) All past due fees payable under this Section shall bear interest at the Past Due Rate.", "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [4, 18]}, {"key": "pay-to", "type": "definition", "offset": [19, 25]}, {"key": "the-account", "type": "clause", "offset": [36, 47]}, {"key": "revolving-loan-lender", "type": "definition", "offset": [56, 77]}, {"key": "revolving-loan-commitment-fees", "type": "clause", "offset": [78, 108]}, {"key": "period-from", "type": "definition", "offset": [117, 128]}, {"key": "revolving-loan-termination-date", "type": "definition", "offset": [163, 194]}, {"key": "per-annum", "type": "definition", "offset": [205, 214]}, {"key": "equal-to", "type": "definition", "offset": [215, 223]}, {"key": "basis-of", "type": "clause", "offset": [294, 302]}, {"key": "actual-number-of-days", "type": "clause", "offset": [307, 328]}, {"key": "a-year", "type": "definition", "offset": [340, 346]}, {"key": "based-on", "type": "definition", "offset": [394, 402]}, {"key": "the-excess", "type": "clause", "offset": [403, 413]}, {"key": "aggregate-amount", "type": "clause", "offset": [425, 441]}, {"key": "sum-of", "type": "clause", "offset": [526, 532]}, {"key": "unpaid-principal-balance", "type": "definition", "offset": [551, 575]}, {"key": "revolving-note", "type": "clause", "offset": [593, 607]}, {"key": "letter-of-credit-liabilities", "type": "clause", "offset": [644, 672]}, {"key": "in-arrears", "type": "definition", "offset": [761, 771]}, {"key": "quarterly-dates", "type": "definition", "offset": [779, 794]}, {"key": "prior-to-the", "type": "clause", "offset": [795, 807]}, {"key": "each-advance", "type": "clause", "offset": [935, 947]}, {"key": "advance-loan-commitment", "type": "definition", "offset": [960, 983]}, {"key": "the-advance", "type": "clause", "offset": [1039, 1050]}, {"key": "advance-notes", "type": "clause", "offset": [1449, 1462]}, {"key": "prior-to-november", "type": "clause", "offset": [1694, 1711]}, {"key": "additional-advance", "type": "definition", "offset": [1797, 1815]}, {"key": "loan-fee", "type": "definition", "offset": [1816, 1824]}, {"key": "date-of", "type": "clause", "offset": [2002, 2009]}, {"key": "after-november", "type": "clause", "offset": [2076, 2090]}, {"key": "fees-payable", "type": "clause", "offset": [2308, 2320]}, {"key": "past-due-rate", "type": "clause", "offset": [2367, 2380]}], "size": 27, "hash": "e1b8a6c90dc314179d22cb06a5120d06", "id": 10}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihhjb21taXRtZW50LWZlZXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Commitment Fees", "children": [["registration-rights", "Registration Rights"], ["fully-earned", "Fully Earned"], ["fees-non-refundable", "Fees Non-Refundable"], ["commitment-fees-payable", "Commitment Fees Payable"], ["", ""]], "parents": [["fees", "Fees"], ["miscellaneous", "Miscellaneous"], ["the-credits", "The Credits"], ["fees-and-expenses", "Fees and Expenses"], ["payments-of-principal-and-interest-prepayments-fees", "Payments of Principal and Interest Prepayments Fees"]], "size": 4649, "id": "commitment-fees", "related": [["commitment-fees-etc", "Commitment Fees, etc", "<strong>Commitment Fees</strong>, etc"], ["commitment-fee", "Commitment Fee", "Commitment Fee"], ["facility-fees", "Facility Fees", "Facility Fees"], ["unused-commitment-fee", "Unused Commitment Fee", "Unused Commitment Fee"], ["unused-fees", "Unused Fees", "Unused Fees"]], "related_snippets": [], "updated": "2026-04-19T04:24:51+00:00", "also_ask": ["What negotiation levers exist to adjust or waive commitment fees?", "Which essential terms must be included to avoid ambiguity in commitment fee clauses?", "What are the most common legal pitfalls or unenforceability risks with commitment fees?", "How do commitment fee structures differ across jurisdictions or deal types?", "What evidence is required to enforce a commitment fee in court if challenged?"], "drafting_tip": "Specify the fee calculation method to prevent disputes, define payment timing to ensure timely collection, and clarify refund conditions to avoid misunderstandings.", "explanation": "A Commitment Fees clause defines the fee that a borrower must pay to a lender for the lender's commitment to provide a specified amount of credit, regardless of whether the borrower actually draws on the funds. Typically, this fee is calculated as a percentage of the undrawn portion of the loan and is paid periodically, such as quarterly or annually, during the commitment period. The core function of this clause is to compensate the lender for reserving funds and to incentivize the borrower to utilize the committed credit efficiently, while also ensuring the lender is not disadvantaged by holding capital in reserve."}, "json": true, "cursor": ""}}