Credit Fees. In consideration for the obligations of the Administrative Agent, the Issuing Bank and the Lenders set forth herein, the Borrower shall pay the following credit fees:
Credit Fees. Subject to Section 11.9 hereof, the Borrower shall pay to the Administrative Lender for the account of each Lender a credit fee (which 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 Letters of Credit (computed, subject to Section 11.9 hereof, on the basis of a 360-day year for the actual number of days elapsed) at the following per annum percentages, applicable in the following situations:
Credit Fees. This arises where a counterparty has sold more metal than it has in its allocated account and is given credit by the bank. VAT Analysis These fees are another type of account fee, but in reality, are similar to metal overdrafts and VAT should be applied in the same way.
Credit Fees. 35 2.13. Computations.........................................................................................36 2.14.
Credit Fees. As partial consideration for NBD's agreement to extend the Forbearance Period as provided hereunder, Borrower and Riviera shall pay to NBD a $50,000.00 forbearance fee simultaneously with execution of this Agreement, and shall pay an additional $50,000.00 forbearance fee on or before October 31, 1996; provided, however that the $50,000.00 fee due and payable on October 31, 1996 shall be deferred to November 30, 1996 if on or prior to October 31, 1996 Borrower has presented to NBD a commitment letter satisfactory to NBD at its discretion providing new financing in an amount sufficient to satisfy all of the Obligations in full on or before November 30, 1996; provided further that if the Obligations are satisfied in full on or before November 30, 1996, the $50,000.00 fee otherwise owing on that date shall then be waived. Borrower and Riviera must additionally pay to NBD an additional $25,000.00 fee simultaneous with execution of this Agreement since borrowings under the Working Capital Revolving Credit did not permanently reduce to $9,000,000.00 or below on or before September 30, 1996 as previously agreed by Borrower.
Credit Fees. 36 2.11.1 Administrative Agent's Fees....................36 2.11.2
Credit Fees. The Borrower agrees to pay with respect to Letters of Credit and Bank Guaranties outstanding hereunder the following credit fees:
Credit Fees. Subject to SECTION 11.9 hereof, the Borrower shall pay to the Administrative Agent for the account of each Lender a credit fee (which shall be payable in arrears on the Maturity Date) equal to 2.50% per annum on the average daily amount available for drawing under all outstanding Letters of Credit, computed, subject to SECTION 11.9 hereof, on the basis of a 360-day year for the actual number of days elapsed.
Credit Fees. Subject to Section 11.9 hereof, the Borrower shall pay to the Administrative Agent for the account of each Lender a credit fee (which 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 Letters of Credit (computed, subject to Section 11.9 hereof, on the basis of a 365-day year for the actual number of days elapsed) at a per annum rate equal to the Applicable Margin for LIBOR Advances determined as set forth in subsection (ii) below.
Credit Fees. Subject to SECTION 11.9 hereof, the Borrower shall pay to the Administrative Agent for the account of each Lender a credit fee (which shall be payable in arrears on the Revolving Commitment Maturity Date) equal to the product of the Applicable LIBOR Rate Margin in effect from time to time for Revolving Credit Advances multiplied by the average daily amount available for drawing under all outstanding Letters of Credit, computed, subject to SECTION 11.9 hereof, on the basis of a 360-day year for the actual number of days elapsed.
