Facility Agent fee Clause Samples
The Facility Agent fee clause defines the payment obligations of the borrower to the facility agent for their services in administering the loan agreement. Typically, this clause specifies the amount, frequency, and method of payment for the agent's fee, which may be a one-time upfront fee or recurring payments throughout the loan term. By clearly outlining these terms, the clause ensures that the facility agent is compensated for coordinating communications, managing payments, and handling administrative tasks, thereby facilitating smooth operation of the loan and preventing disputes over agent compensation.
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Facility Agent fee. The Borrower shall pay to us (or procure is paid to us), as Facility Agent (for our own account), an amount equal to £40,000 per annum on each payment date specified in paragraph 5 below (the “Facility Agent Fee”) during the period from and including the First Utilisation Date to and including the date on which the Secured Liabilities are repaid and discharged in full (the “Discharge Date”).
Facility Agent fee. On each occasion a Bank assigns, transfers or novates any of its Commitment and/or any of its rights and/or obligations under this Agreement, the Transferee Bank shall, on the date the Tranche A Transfer or Tranche B Transfer takes effect, pay to the Facility Agent for its own account a fee of €1,500.
Facility Agent fee. The Borrower shall pay to the Facility Agent (for its own account) an annual, non-refundable agency fee in the amount of $50,000, which shall be due and payable in advance, on the date of this Agreement and thereafter on each anniversary of that date until the expiry of the Facility Period.
Facility Agent fee. If the Lender has transferred a portion of its rights and obligations under this Agreement, the Borrower shall pay to the Facility Agent a Facility Agent fee in the amount and at the times agreed in a Fee Letter. 36 OBLIGATIONS
Facility Agent fee. The Borrower shall pay to the Facility Agent (for its own account) an agency fee in the amount and at the times agreed in a Fee Letter.
Facility Agent fee. On each occasion a Bank assigns, transfers or novates any of its Commitment and/or any of its rights and/or obligations under this Agreement, the Transferee Bank shall, on the date the Tranche A Transfer or Tranche B Transfer takes effect, pay to the Facility Agent for its own account a fee of €1,500.