Common use of FEES PAYABLE BY THE ASSIGNEE Clause in Contracts

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment fees is made under the Loan Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment fees for the period prior to the Effective Date or, in the case of LIBOR Rate Advances, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment fee was ____ of 1% less than the commitment fee paid by the Borrower, as applicable.]

Appears in 1 contract

Samples: Loan and Security Agreement (Abc Rail Products Corp)

AutoNDA by SimpleDocs

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment [facility or letter of credit] fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment facility fees for the period prior to the Effective Date or, in the case of LIBOR Fixed Rate AdvancesLoans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment facility fee was ____ of 1% less than the commitment facility fee paid by the Borrower, as applicable. In addition, the Assignee agrees to pay % of the processing fee required to be paid to the Agent in connection with this Assignment Agreement.]

Appears in 1 contract

Samples: Assignment Agreement (Yellow Corp)

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment facility fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment facility fees for the period prior to the Effective Date or, in the case of LIBOR Rate AdvancesEurodollar Loans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section SECTION 4 hereof). The amount of such fee shall be the difference between (ia) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (iib) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the applicable Borrower or if the commitment facility fee was ____ of 1% less than the commitment facility fee paid by the applicable Borrower, as applicable. In addition, the Assignee agrees to pay % of the recordation fee required to be paid to the Agent in connection with this Assignment Agreement.]

Appears in 1 contract

Samples: Credit Agreement (American Medical Security Group Inc)

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment fees for the period prior to the Effective Date or, in the case of LIBOR Rate AdvancesEurodollar Loans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment fee was ____ of 1% less than the commitment fee paid by the Borrower, as applicable. In addition, the Assignee agrees to pay % of the recordation fee required to be paid to the Agent in connection with this Assignment Agreement. 6.]

Appears in 1 contract

Samples: Assignment Agreement (Hovnanian Enterprises Inc)

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment fees for the period prior to the Effective Date or, in the case of LIBOR Fixed Rate AdvancesLoans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment fee was ____ of 1% less than the commitment fee paid by the Borrower, as applicable. In addition, the Assignee agrees to pay % of the recordation fee required to be paid to the Administrative Agent in connection with this Assignment Agreement.]

Appears in 1 contract

Samples: Credit Agreement (Sos Staffing Services Inc)

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment fees for the period prior to the Effective Date or, in the case of LIBOR Fixed Rate AdvancesLoans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment fee was ____ of 1% less than the commitment fee paid by the Borrower, as applicable. In addition, the Assignee agrees to pay % of the recordation fee required to be paid to the Agent in connection with this Assignment Agreement.]

Appears in 1 contract

Samples: Assignment Agreement (Wam Net Inc)

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment facility fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment facility fees for the period prior to the Effective Date or, in the case of LIBOR Rate AdvancesLoans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (ia) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder hereunder, and (iib) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment facility fee was ____ of 1% less than the commitment facility fee paid by the Borrower, as applicable. In addition, the Assignee agrees to pay _____ % of the recordation fee required to be paid to the Agent in connection with this Assignment Agreement.]

Appears in 1 contract

Samples: Credit Agreement (Ipalco Enterprises Inc)

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment fees for the period prior to the Effective Adjustment Date or, in the case of LIBOR Fixed Rate AdvancesLoans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment fee was ____ of 1% less than the commitment fee paid by the Borrower, as applicable. In addition, the Assignee agrees to pay % of the recordation fee required to be paid to the Administrative Agent in connection with this Assignment Agreement.]

Appears in 1 contract

Samples: Assignment Agreement (Syncor International Corp /De/)

FEES PAYABLE BY THE ASSIGNEE. The [Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment facility fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment facility fees for the period prior to the Effective Date or, in the case of LIBOR Rate AdvancesEurodollar Loans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was __were __ of 1% less than the interest rate paid by the Borrower or if the commitment facility fee was __were __ of 1% less than the commitment facility fee paid by the Borrower, as applicable.]-------------------------

Appears in 1 contract

Samples: Assignment Agreement (FDX Corp)

FEES PAYABLE BY THE ASSIGNEE. [The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment fees for the period prior to the Effective Date or, in the case of LIBOR Eurodollar Rate AdvancesLoans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment fee was ____ of 1% less than the commitment fee paid by the Borrower, as applicable. In addition,](6) [t]he Assignee agrees to pay % of the recordation fee required to be paid to the Agent pursuant to Section 13.3(B) of the Credit Agreement in connection with this Assignment Agreement.]

Appears in 1 contract

Samples: Credit Agreement (Printpack Inc)

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment facility or letter of credit fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment facility fees for the period prior to the Effective Date or, in the case of LIBOR Fixed Rate AdvancesLoans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment facility fee was ____ of 1% less than the commitment facility fee paid by the Borrower, as applicable. In addition, the Assignee agrees to pay % of the processing fee required to be paid to the Agent in connection with this Assignment Agreement.]

Appears in 1 contract

Samples: Revolving Credit Agreement (JPF Acquisition Corp)

FEES PAYABLE BY THE ASSIGNEE. The [Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment facility fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment facility fees for the period prior to the Effective Date or, in the case of LIBOR Rate AdvancesEurodollar Loans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ were of 1% less than the interest rate paid by the Borrower or if the commitment facility fee was ____ were of 1% less than the commitment facility fee paid by the Borrower, as applicable.]as

Appears in 1 contract

Samples: Assignment Agreement (FDX Corp)

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment fees for the period prior to the Effective Date Date) or, in the case of LIBOR Rate AdvancesEurodollar Loans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment fee was ____ of 1% less than the commitment fee paid by the Borrower, as applicable. In addition, the Assignee agrees to pay the $3,500 processing fee required to be paid to the Agent in connection with this Assignment Agreement.]

Appears in 1 contract

Samples: Assignment Agreement (Navigators Group Inc)

AutoNDA by SimpleDocs

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment facility fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment facility fees for the period prior to the Effective Date or, in the case of LIBOR Fixed Rate AdvancesLoans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment facility fee was ____ of 1% less than the commitment facility fee paid by the Borrower, as applicable. In addition, the Assignee agrees to pay % of the recordation fee required to be paid to the Agent in connection with this Assignment Agreement.]

Appears in 1 contract

Samples: Credit Agreement (Mego Mortgage Corp)

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment fees for the period prior to the Effective Date or, in the case of LIBOR Rate AdvancesEurodollar Loans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment fee was ____ of 1% less than the commitment fee paid by the Borrower, as applicable. In addition, the Assignee agrees to pay % of the recordation fee required to be paid to the Agent in connection with this Assignment Agreement. 6.]

Appears in 1 contract

Samples: Term Loan Agreement (Banknorth Group Inc /New/ /De/)

FEES PAYABLE BY THE ASSIGNEE. [The Assignee shall pay to the Assignor a fee on each day on which a payment of interest interest, facility fees or commitment utilization fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest interest, facility fees or commitment utilization fees for the period prior to the Effective Date or, in the case of LIBOR Rate AdvancesEurodollar Loans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower Company or if the commitment facility fee was _of 1% less than the facility fee paid by the Company or if the utilization fee was ___ of 1% less than the commitment utilization fee paid by the BorrowerCompany, as applicable.]. In

Appears in 1 contract

Samples: Credit Agreement (Lafarge Corp)

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment facility fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment facility fees for the period prior to the Effective Date or, in the case of LIBOR Fixed Rate AdvancesLoans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment facility fee was ____ of 1% less than the commitment facility fee paid by the Borrower, as applicable. In addition, the Assignee agrees to pay % of the recordation fee required to be paid to the Administrative Agent in connection with this Assignment Agreement.]

Appears in 1 contract

Samples: Credit Agreement (Vectren Corp)

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment fees for the period prior to the Effective Date or, in the case of LIBOR Rate AdvancesEurodollar Loans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment fee was ____ of 1% less than the commitment fee paid by the Borrower, as applicable. In addition, the Assignee agrees to pay % of the recordation fee required to be paid to the Agent in connection with this Assignment Agreement.]

Appears in 1 contract

Samples: Assignment Agreement (Banknorth Group Inc /New/ /De/)

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment fees for the period prior to the Effective Date or, in the case of LIBOR Rate AdvancesEurodollar Loans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower Borrowers or if the commitment fee was ____ of 1% less than the commitment fee paid by the BorrowerBorrowers, as applicable. In addition, the Assignee agrees to pay % of the recordation fee required to be paid to the Agent in connection with this Assignment Agreement. 6.]

Appears in 1 contract

Samples: Assignment Agreement (Hovnanian Enterprises Inc)

FEES PAYABLE BY THE ASSIGNEE. The Assignee shall pay to the Assignor a fee on each day on which a payment of interest or commitment fees is made under the Loan Credit Agreement with respect to the amounts assigned to the Assignee hereunder (other than a payment of interest or commitment fees for the period prior to the Effective Date or, in the case of LIBOR Rate AdvancesEurodollar Loans, the Payment Date, which the Assignee is obligated to deliver to the Assignor pursuant to Section 4 hereof). The amount of such fee shall be the difference between (i) the interest or commitment fee, as applicable, paid with respect to the amounts assigned to the Assignee hereunder and (ii) the interest or commitment fee, as applicable, which would have been paid with respect to the amounts assigned to the Assignee hereunder if each interest rate was ____ of 1% less than the interest rate paid by the Borrower or if the commitment fee was ____ of 1% less than the commitment fee paid by the Borrower, as applicable. In addition, the Assignee agrees to pay % of the recordation fee required to be paid to the Agent in connection with this Assignment Agreement.]

Appears in 1 contract

Samples: Security Agreement (Pronet Inc /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.