Common use of Credit Fee Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Safeguard Scientifics Inc Et Al), Credit Agreement (Compucom Systems Inc)

AutoNDA by SimpleDocs

Credit Fee. Subject to Section 11.9 hereof, the Borrower shall pay ---------- ------------ pay to the Administrative Lender Agent for the ratable account of each Lender the Lenders according to their Revolving Credit Specified Percentages, a per annum fee (which shall be payable quarterly in arrears on each Quarterly Date and on the Facility A Revolving Commitment Maturity Date) equal to a rate per annum equal to the product of the Applicable LIBOR Rate Margin in effect from time to time for Revolving Advances multiplied by the average dai ly 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.

Appears in 1 contract

Samples: Credit Agreement (Doskocil Manufacturing Co Inc)

Credit Fee. Subject to Section 11.9 hereof, the Borrower shall pay ---------- ------------ 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 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.

Appears in 1 contract

Samples: Credit Agreement (Compucom Systems Inc)

AutoNDA by SimpleDocs

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 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.

Appears in 1 contract

Samples: Credit Agreement (Signature Resorts Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.