Credit Fee Clause Samples

Credit Fee. (a) The Borrower shall pay a credit fee on the undisbursed balance of the Loan, at a percentage set by the Bank periodically during its review of financial charges on ordinary capital loans. The credit fee shall not exceed 0.75% per annum. (b) The credit fee will begin to accrue sixty (60) days from the date of signature of the Contract. (c) The credit fee shall cease to accrue: (i) when all disbursements have been made; and (ii) in full or in part, as the case may be, when the Loan has been totally or partially cancelled pursuant to Articles 4.02, 4.12, 4.13 or 8.02 of these General Conditions.

Credit Fee. (a) The Borrower shall pay a credit fee on the undisbursed balance of the Loan, at a percentage set by the Bank periodically during its review of financial charges on ordinary capital loans. The credit fee shall not exceed 0.75% per annum. (b) The credit fee will begin to accrue sixty (60) days from the date of signature of the Contract. (c) The credit fee shall cease to accrue: (i) when all disbursements have been made; and

Credit Fee. Subject to Section 11.9 hereof, the Borrower shall pay ---------- ------------ to the Administrative Lender for the ratable account of each Lender a fee (which shall be payable quarterly in arrears on each Quarterly Date and on the Facility A Maturity Date) equal to a rate per annum equal to the product of the Applicable LIBOR Rate Margin in effect from time to time multiplied by the average dai ly amount available for drawing under all outstanding Letters of Credit. Subject to Section 11.9 hereof, such fee shall be computed on the ------------ basis of a 360-day year for the actual number of days elapsed.

Credit Fee. (a) The Borrower shall pay on the undisbursed balance of the Financing which is not in the currency of the Borrower's country a credit fee, which shall begin to accrue sixty (60) days after the date of the Contract. The amount of said fee shall be as indicated in the Special Conditions and under no circumstance may exceed 0.75% per annum.

Credit Fee. The credit fee is common for the products Strex SMS Payment and Strex Direct Payment. The credit fee per transaction is NOK 0,00.

Credit Fee. Subject to Section 11.9 hereof, the Borrower shall pay to the Administrative Lender for the ratable account of each Lender a fee (which shall be payable quarterly in arrears on each Quarterly Date and on the Maturity Date) equal to a rate per annum equal to the product of the Applicable LIBOR Rate Margin in effect from time to time multiplied by the average daily amount available for drawing under all outstanding Letters of Credit. Subject to Section 11.9 hereof, such fee shall be computed on the basis of a 360-day year for the actual number of days elapsed.

Credit Fee. The Borrower shall pay the Bank a credit fee at a percentage that will be established by the Bank on a periodic basis as a result of its review of financial charges, in accordance with the applicable provisions of the Bank’s policy on lending rate methodology in ordinary capital loans, provided that under no circumstance may it exceed the percentage contemplated in Article 3.02 of the General Conditions.

Credit Fee. Primary Credit Fee. On June 30, 1999, the Company ------------------- shall pay in respect of the fiscal quarter commencing July 1, 1999 to each holder a credit fee equal to 0.375% of the principal amount of Notes held by such holder on June 30,1999. On each day after June 30, 1999 on which, pursuant to paragraph 5A, delivery is made, or should have been made (without any grace), whichever is earlier (the "Delivery Date"), of financial statements for the fiscal year ended June 30, 1999 and each fiscal quarter or fiscal year, as the case may be, thereafter (the quarter in respect of which, or ending the period for which, such financial statements are being, or should have been, delivered is herein referred to as the "Reference Quarter"), the Company shall pay, in respect of the next fiscal quarter commencing after such Delivery Date (unless, in the case of annual financial statements, such Delivery Date falls within the second quarter after the Reference Quarter, in which case such payment shall be in respect of the quarter in which such Delivery Date falls), to each holder a credit fee equal to 0.375% of the principal amount of Notes held by such holder as of the last day of such Reference Quarter, if both (i) on such Delivery Date, the senior unsecured debt of the Company is not rated BBB- or higher by S&P or Baa3 or higher by ▇▇▇▇▇'▇ and (ii) on the last day of such Reference Quarter, the Company is not in compliance with one or more of the covenants contained in paragraphs 6A and 6B, provided, however, that for purposes of this paragraph 5Q -------- ------- only, compliance with the covenants contained in paragraphs 6A(1), 6A(2), 6A(3) and 6A(4) shall be determined using the percentages set forth in the table below for the Reference Quarters ending on the dates set forth in the table below in place of the relevant percentages set forth in such paragraph, and provided, further that, for purposes of -------- ------- this paragraph 5Q(i), the proviso at the end of clause (a) of paragraph 6A(1) providing that the ratio used to determine compliance with such paragraph may be as low as 150% so long as for the next succeeding period of four consecutive fiscal quarters (which shall include the last three quarters of the prior period) such ratio equals or exceeds 200% shall not apply for purposes of determining compliance with paragraph 6A(1): ------------------------------------------------------------------------ Covenant June 30, 1999, September 30, March 31,...

Credit Fee. Subject to Section 11.9 hereof, the Borrower shall ---------- ------------ pay to the Administrative Lender for the account of each Lender a fee (which shall accrue beginning on the Agreement Date and shall be payable quarterly in arrears on each Quarterly Date and on the Maturity Date) on the average daily amount available for drawing under all outstanding Standby Letters of Credit at the following per annum percentages, applicable in the following situations: Applicability Percentage ------------- ---------- (a) The Fixed Charge Coverage Ratio is less than 2.25 1.000 to 1 (b) The Fixed Charge Coverage Ratio is greater than 0.875 or equal to 2.25 to 1 but less than 3.00 to 1 (c) The Fixed Charge Coverage Ratio is greater than 0.750 or equal to 3.00 to 1 but less than 3.75 to 1 (d) The Fixed Charge Coverage Ratio is greater than 0.625 or equal to 3.75 to 1 but less than 4.50 to 1 (e) the Fixed Charge Coverage Ratio is greater than or 0.500 equal to 4.50 to 1 The fee payable in respect of the Standby Letters of Credit shall be subject to reduction or increase, as applicable and as set forth in the table above, on a quarterly basis according to the performance of the Borrower as tested by using the Fixed Charge Coverage Ratio as of the end of the most recent Fiscal Quarter (calculated for the twelve Fiscal Periods preceding the date of determination). Any such increase or reduction in such fee shall be effective on the date of receipt by the Lenders of the financial statements required pursuant to Section 6.1 or 6.2, as ----------- --- applicable, hereof and the Compliance Certificate required pursuant to Section 6.3 hereof. If such financial statements and Compliance Certificate ----------- are not received by the date required, the fee payable in respect of the Letters of Credit shall be determined as if the Fixed Charge Coverage Ratio is less than 2.25 to 1 until such time as such financial statements and Compliance Certificate are received. Notwithstanding the above, until such time as the Lenders shall have received the financial statements required for the second Fiscal Quarter of the Borrower's 1997 Fiscal Year and related Compliance Certificate, the fee payable in respect of the Letters of Credit shall be determined as if the Fixed Charge Coverage Ratio is greater than or equal to 3.00 to 1 but less than 3.75 to 1. Subject to Section 11.9 hereof, such fee shall be computed on the basis ------------ of a 360-day year for the actual number of days elap...