Common use of Duration Fee Clause in Contracts

Duration Fee. Borrower shall pay to Administrative Agent (for the account of Lender) a duration fee (the “Duration Fee”) equal to the following: (i) on the date that is ninety (90) days after the Closing Date, one half percent (0.50%) of the amount of the Loan then outstanding, (ii) on the date that is one hundred eighty (180) days after the Closing Date, three-quarters of one percent (0.75%) of the amount of the Loan then outstanding, and (iii) on the date that is two hundred seventy (270) days after the Closing Date, one percent (1.00%) of the amount of the Loan then outstanding.

Appears in 2 contracts

Sources: Loan Agreement (Industrial Logistics Properties Trust), Mezzanine Loan Agreement (Industrial Logistics Properties Trust)

Duration Fee. Borrower shall The Borrowers agree to pay to the Administrative Agent (for the account of each Lender (other than any Defaulting Lender) a duration fee (the “Duration Fee”) on each date set forth below in an amount equal to the followingpercentage set forth opposite on such date of the aggregate principal amount of the Loans outstanding on such date: (i) on the date that is ninety (90) 90 days after the Closing Date, one half percent (0.50%) of the amount of the Loan then outstanding, (ii) on the date that is one hundred eighty (180) Date 0.50 % 180 days after the Closing Date, three-quarters of one percent (0.75%) of the amount of the Loan then outstanding, and (iii) on the date that is two hundred seventy (270) Date 0.75 % 270 days after the Closing Date, one percent (1.00Date 1.00 %) of the amount of the Loan then outstanding.

Appears in 2 contracts

Sources: Bridge Term Loan Credit Agreement (Alkermes Plc.), Bridge Term Loan Credit Agreement (Alkermes Plc.)

Duration Fee. As part of the consideration for each Lender’s Commitment hereunder, the Borrower shall will pay to the Administrative Agent (for the account of Lendereach Lender (subject to Section 2.19(a)(ii)) a duration fee (the “Duration Fee”) on each date set forth below in an amount equal to the followingpercentage set forth opposite such date of the aggregate principal amount of Advances and undrawn Commitments held by such Lender on such date: (i) on the date that is ninety (90) 90 days after the Closing Date, one half percent (Date 0.50%) of the amount of the Loan then outstanding, (ii) on the date that is one hundred eighty (180) % 180 days after the Closing Date, three-quarters of one percent (Date 0.75%) of the amount of the Loan then outstanding, and (iii) on the date that is two hundred seventy (270) % 270 days after the Closing Date, one percent (Date 1.00%) of the amount of the Loan then outstanding.

Appears in 2 contracts

Sources: 364 Day Bridge Credit Agreement (Takeda Pharmaceutical Co LTD), 364 Day Bridge Credit Agreement (Takeda Pharmaceutical Co LTD)

Duration Fee. The Borrower shall will pay to the Administrative Agent (for the account of Lendereach Lender (subject to Section 2.19(a)(ii)) a duration fee (the “Duration Fee”) on each date set forth below in an amount equal to the followingpercentage set forth opposite such date of the aggregate principal amount of Advances and undrawn Commitments held by such Lender on such date: (i) on the date that is ninety (90) 90 days after the Closing Date, one half percent (0.50%) of the amount of the Loan then outstanding, (ii) on the date that is one hundred eighty (180) Date 0.50 % 180 days after the Closing Date, three-quarters of one percent (0.75%) of the amount of the Loan then outstanding, and (iii) on the date that is two hundred seventy (270) Date 0.75 % 270 days after the Closing Date, one percent (1.00Date 1.00 %) of the amount of the Loan then outstanding.

Appears in 2 contracts

Sources: 364 Day Bridge Credit Agreement (AbbVie Inc.), 364 Day Bridge Credit Agreement (AbbVie Inc.)

Duration Fee. The Borrower shall will pay to Administrative the Designated Agent (for the account of Lender) a each Lender non-refundable duration fee fees (the “Duration FeeFees”) on each date set forth below in an amount equal to the followingpercentage set forth opposite such date of the aggregate principal amount of Advances and undrawn Commitments held by such Lender on such date: (i) on 90 days after the date that is ninety (90) Closing Date 180 days after the Closing Date 270 days after the Closing Date, one half percent (0.50%) of the amount of the Loan then outstanding, (ii) on the date that is one hundred eighty (180) days after the Closing Date, three-quarters of one percent (0.75%) of the amount of the Loan then outstanding, and (iii) on the date that is two hundred seventy (270) days after the Closing Date, one percent (1.00%) of the amount of the Loan then outstanding.

Appears in 1 contract

Sources: Bridge Credit Agreement

Duration Fee. The Borrower shall pay to the Administrative Agent (for the account of Lender) a duration fee (each Lender in accordance with its Pro Rata Share, the “Duration Fee”) equal to the following: (i) following fees on the date that is ninety (90) days following dates, calculated as a percentage of the aggregate principal amount of Loans outstanding on such date. 45th day after the Closing Date, one half percent (0.50%) of the amount of the Loan then outstanding, (ii) on the date that is one hundred eighty (180) days Date 0.20% 90th day after the Closing Date, three-quarters of one percent (0.75%) of the amount of the Loan then outstanding, and (iii) on the date that is two hundred seventy (270) days Date 0.20% 180th day after the Closing Date, one percent (1.00Date 0.65% 270th day after the Closing Date 0.80%) of the amount of the Loan then outstanding.

Appears in 1 contract

Sources: Credit Agreement (EQT Corp)

Duration Fee. The Borrower shall will pay to the Administrative Agent (for the account of each Lender (subject to Section 2.19(a)(ii), and other than a Defaulting Lender for such time as such Lender is a Defaulting Lender)) a duration fee (the “Duration Fee”) on each date set forth below in an amount equal to the followingpercentage set forth opposite such date of the aggregate principal amount of Advances held by such Lender on such date: (i) on the date that is ninety (90) 90 days after the Closing Date, one half percent (0.50%) of the amount of the Loan then outstanding, (ii) on the date that is one hundred eighty (180) Date 0.50 % 180 days after the Closing Date, three-quarters of one percent (0.75%) of the amount of the Loan then outstanding, and (iii) on the date that is two hundred seventy (270) Date 0.75 % 270 days after the Closing Date, one percent (1.00Date 1.00 %) of the amount of the Loan then outstanding.

Appears in 1 contract

Sources: 364 Day Bridge Credit Agreement (Steris Corp)

Duration Fee. The Borrower shall will pay to the Administrative Agent (for the account of Lender) each Lender on each of the dates set forth below a duration fee (the “Duration Fee”) Fee equal to the followingapplicable percentage set forth below of the aggregate principal amount of such Lender’s Loans outstanding on such date: (i) on the date that is ninety (90) 90 days after the Closing Date, one half percent (0.50%) of the amount of the Loan then outstanding, (ii) on the date that is one hundred eighty (180) Effective Date 0.50 % 180 days after the Closing Date, three-quarters of one percent (0.75%) of the amount of the Loan then outstanding, and (iii) on the date that is two hundred seventy (270) Effective Date 0.50 % 271 days after the Closing Date, one percent (1.00Effective Date 0.50 %) of the amount of the Loan then outstanding.

Appears in 1 contract

Sources: 364 Day Bridge Credit Agreement (Clearway Energy, Inc.)

Duration Fee. The Borrower shall pay to the Administrative Agent (Agent, for the account of each Lender) a duration fee (the “Duration Fee”) equal to the following: (i) , on the date that is ninety (90) 270 days after following the Closing Funding Date, one half percent (or, if such date is not a Business Day, on the first succeeding Business Day after such date, a duration fee in Dollars in an amount equal to 0.50%) % of the aggregate principal amount of the Loan then outstanding, (ii) such Lender’s Loans outstanding on the date that is one hundred eighty (180) days after the Closing Date, three-quarters of one percent (0.75%) of the amount of the Loan then outstanding, and (iii) on the date that is two hundred seventy (270) days after the Closing Date, one percent (1.00%) of the amount of the Loan then outstandingsuch date.

Appears in 1 contract

Sources: 364 Day Term Credit Agreement (Sonoco Products Co)

Duration Fee. The Borrower shall agrees to pay to the Administrative Agent (for the account of Lender) each Lender based on the amount of its outstanding Tranche 1 Commitments, a non- refundable duration fee (the “Duration Fee”) on each date set forth below in an amount equal to the following: product of (i) the percentage set forth below opposite such date and (ii) the aggregate outstanding principal amount of Tranche 1 Loans or undrawn Tranche 1 Commitments held by such Lender on the date that is ninety (90) such date: Duration Fees 90 days after the Closing Date, one half percent (0.50%) of the amount of the Loan then outstanding, (ii) on the date that is one hundred eighty (180) Date 180 days after the Closing Date, three-quarters of one percent (0.75%) of the amount of the Loan then outstanding, and (iii) on the date that is two hundred seventy (270) Date 270 days after the Closing Date, one percent (1.00Date 0.500% 0.750% 1.000%) of the amount of the Loan then outstanding.

Appears in 1 contract

Sources: Bridge Credit Agreement

Duration Fee. The Borrower shall agrees to pay to the Administrative Agent (for the account of each Lender (other than any Defaulting Lender) a duration fee (the “Duration Fee”) on each date set forth below in an amount equal to the followingpercentage set forth opposite such date of the aggregate principal amount of the Loans outstanding of each such Lender on such date: (i) on the date that is ninety (90) 90 days after the Closing Date, one half percent (Date 0.50%) of the amount of the Loan then outstanding, (ii) on the date that is one hundred eighty (180) % 180 days after the Closing Date, three-quarters of one percent (Date 0.75%) of the amount of the Loan then outstanding, and (iii) on the date that is two hundred seventy (270) % 270 days after the Closing Date, one percent (Date 1.00%) of the amount of the Loan then outstanding.

Appears in 1 contract

Sources: Bridge Term Loan Credit and Guaranty Agreement (DoorDash, Inc.)