Delayed Draw Term Loan Commitment Fees Clause Samples
Delayed Draw Term Loan Commitment Fees. The Borrowers agree to pay to the Administrative Agent for the account of each Delayed Draw Lender in accordance with its Pro Rata Share or other applicable share provided for under this Agreement, a commitment fee (the “Delayed Draw Term Loan Commitment Fee”) in an amount equal to 1.00% per annum times the actual daily amount by which the aggregate amount of the Delayed Draw Commitments exceeds the sum of the Outstanding Amount of Delayed Draw Term Loans; provided that any Delayed Draw Term Loan Commitment Fee accrued with respect to any of the 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 such Delayed Draw Term Loan Commitment Fee shall otherwise have been due and payable by the Borrowers prior to such time; provided, further, that no Delayed Draw Term Loan Commitment Fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The Delayed Draw Term Loan Commitment Fee on the Delayed Draw Commitments shall accrue commencing on the ninetieth (90th) day following the Closing Date and at all times thereafter until the Delayed Draw Term Loan Commitment Termination Date, including at any time during which one or more of the conditions in Article IV 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 ninetieth (90th) day following the Closing Date, and on the Delayed Draw Term Loan Commitment Termination Date. The Delayed Draw Term Loan Commitment Fee under this Section 2.09(d) shall be calculated quarterly in arrears.
Delayed Draw Term Loan Commitment Fees. (1) In respect of any Delayed Draw Term Loan advance, a commitment fee in an amount equal to 0.25% of the advance amount of such Delayed Draw Term Loan, for the ratable benefit of the Term Loan Lenders.
(2) In respect of the Delayed Draw Term Loan Commitment, a commitment fee in an amount equal to 0.35% per annum of the average undrawn portion of the aggregate Delayed Draw Term Loan Commitments for such calendar quarter, payable quarterly in arrears on each Payment Date.
Delayed Draw Term Loan Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Delayed Draw Term Loan Lender a commitment fee for the period from and including the Effective Date to the last day of the Delayed Draw Term Loan Commitment Period, computed at the Commitment Fee Rate applicable to the Delayed Draw Term Loan Commitment on the average daily amount of the Available Delayed Draw Term Loan Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on the last day of each March, June, September and December and on the last day of the Delayed Draw Term Loan Commitment Period, commencing on the first of such dates to occur after the date hereof.
Delayed Draw Term Loan Commitment Fees. For the period from the Closing Date to the Delayed Draw Term Loan Commitment Termination Date, Borrowers jointly and severally agree to pay to Agent, for the account of each Lender according to such Lender’s Pro Rata Delayed Draw Term Loan Share (as adjusted from time to time), a commitment fee equal to 1.00% per annum multiplied by the average principal amount of the unused Delayed Draw Term Loan Commitment during the applicable calendar quarter (the “Delayed Draw Term Loan Commitment Fee”). The Delayed Draw Term Loan Commitment Fee shall be payable in arrears on the first day of each calendar quarter and on the Delayed Draw Term Loan Commitment Termination Date for any period then ending for which the Delayed Draw Term Loan Commitment Fee shall not have previously been paid. The Delayed Draw Term Loan Commitment Fee shall be computed for the actual number of days elapsed on the basis of a year of 365 days.