Common use of Facility B Commitment fee Clause in Contracts

Facility B Commitment fee. (a) The Company must pay a commitment fee computed at the rate of 30 per cent. of the applicable Facility B Margin from time to time on the undrawn, uncancelled amount of each Lender’s Facility B Commitment. (b) Accrued commitment fee is payable quarterly in arrear. Accrued commitment fee is also payable to the Facility Agent for the account of a Lender on the date its Facility B Commitment is cancelled in full.

Appears in 1 contract

Sources: Facility Agreement (Smith & Nephew PLC)

Facility B Commitment fee. (a) The Company Parent must pay a commitment fee computed at the rate of 30 45 per cent. of the applicable Facility B Margin from time to time on the undrawn, uncancelled amount of each Lender’s 's Facility B Commitment. (b) Accrued commitment fee is payable quarterly in arrear. Accrued commitment fee is also payable to the Facility Agent for the account of a Lender on the date its Facility B Commitment is cancelled in full.

Appears in 1 contract

Sources: Credit Facility Agreement (Smith & Nephew PLC)

Facility B Commitment fee. (a) The Company must pay a commitment fee computed at the rate of 30 0.175 per cent. of the applicable Facility B Margin from time to time per annum on the undrawn, uncancelled amount of each Lender’s 's Facility B Commitment. (b) Accrued commitment fee is payable quarterly in arrear. Accrued commitment fee is also payable to the Facility Agent for the account of a Lender on the date its Facility B Commitment is cancelled in full.

Appears in 1 contract

Sources: Credit Facility Agreement (Oratec Interventions Inc)