Common use of Establishment Fee Clause in Contracts

Establishment Fee. The Facility Agent must pay each Bank (from the arrangement/underwriting fee paid pursuant to clause 10.2) an establishment fee upon first Utilisation of the Facility of an amount by reference to the terms set out in the Information Memorandum and the accompanying invitation letter from the Facility Agent to each Bank.

Appears in 2 contracts

Sources: Syndicated Senior Secured Debt Facility Agreement (Uih Australia Pacific Inc), Syndicated Senior Secured Debt Facility Agreement (United International Holdings Inc)