Common use of Duration Fees Clause in Contracts

Duration Fees. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, non-refundable duration fees (the “Duration Fees”) in amounts equal to the percentage, as determined in accordance with the grid below, of the aggregate principal amount of the Loans of each Lender outstanding at the close of business, Local Time, on each date set forth in the grid below, payable on each such date: 90 days after the Closing Date 180 days after the Closing Date 270 days after the Closing Date

Appears in 1 contract

Sources: 364 Day Bridge Loan Agreement

Duration Fees. The Borrower shall agrees to pay to the Administrative Agent Agent, for the ratable account of each Lender in accordance with its Applicable Percentagethe Lenders, non-refundable duration fees (the “Duration Fees”) in amounts equal to the percentage, as determined in accordance with the grid below, of the aggregate principal amount of the Loans of each Lender and Commitments (if any) outstanding at the close of business, Local Time, 2:00 p.m. on each date set forth in the grid below, in each case payable on each such dateapplicable date in the applicable currency for each Tranche: 90 days after the Closing Date 180 days after the Closing Date 270 days after the Closing Date0.50 % 0.75 % 1.00 %

Appears in 1 contract

Sources: Bridge Credit Agreement (Tetra Tech Inc)

Duration Fees. The Borrower shall agrees to pay to the Administrative Agent Agent, for the ratable account of each Lender in accordance with its Applicable Percentagethe Lenders, non-refundable duration fees (the “Duration Fees”) in amounts equal to the percentage, as determined in accordance with the grid below, of the aggregate principal amount of the Loans of each Lender and Commitments (if any) outstanding at the close of business, Local Time, 2:00 p.m. on each date set forth in the grid below, in each case payable on each such dateapplicable date in the applicable currency for each Tranche: 90 days 90th day after the Closing Date 180 days 180th day after the Closing Date 270 days 270th day after the Closing Date

Appears in 1 contract

Sources: Bridge Credit Agreement

Duration Fees. The Borrower shall pay to the Administrative Agent Agent, for the ratable account of each Lender in accordance with its Applicable PercentageLender, on each date set forth below a non-refundable duration fees fee (the “Duration Fees”) as follows: (i) on December 1, 2014, in amounts an amount equal to the percentage, as determined in accordance with the grid below, product of (i) 0.25% and (ii) the aggregate principal amount of the Loans of each Lender outstanding at the close of business, Local Time, on each date set forth in the grid below, payable on each such date: 90 days after ; and (ii) on January 20, 2015, in an amount equal to the Closing Date 180 days after product of (i) 0.50% and (ii) the Closing Date 270 days after aggregate principal amount of the Closing DateLoans outstanding on such date.

Appears in 1 contract

Sources: Short Term Facility Agreement (Lennox International Inc)

Duration Fees. The Borrower shall agrees to pay to the Administrative Agent Agent, for the account of each Lender in accordance with its Applicable Percentage, non-refundable a duration fees (the “Duration Fees”) in amounts fee equal to the percentage, as determined in accordance with product of (i) the grid below, sum of (x) the Available Commitment of such Lender and (y) the aggregate outstanding principal amount of Loans held by such Lender, in each case on December 31, 2008 multiplied by (ii) the Loans of each Lender outstanding at the close of businessApplicable Percentage for duration fees on December 31, Local Time, on each date set forth in the grid below, 2008. The durations fees shall be due and payable on each such date: 90 days after the Closing Date 180 days after the Closing Date 270 days after the Closing DateDecember 31, 2008

Appears in 1 contract

Sources: Delayed Draw Term Loan Agreement (Public Service Co of New Mexico)