Common use of Fees Reductions in Aggregate Commitment Clause in Contracts

Fees Reductions in Aggregate Commitment. 2.4.1 The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Applicable Commitment Fee Rate on the daily unused portion of the Aggregate Commitment (the “Commitment Fee”) from and including the date hereof to but excluding the Facility Termination Date, payable in arrears on each Payment Date and on the Facility Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Puget Energy Inc /Wa), Credit Agreement (Puget Energy Inc /Wa)

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Fees Reductions in Aggregate Commitment. 2.4.1 2.4.1. The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Applicable Commitment Fee Rate on the daily unused portion of the Aggregate Commitment (the “Commitment Fee”) from and including the date hereof to but excluding and including the Facility Termination Date, payable in arrears on each Payment Date and on the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Puget Sound Energy Inc)

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Fees Reductions in Aggregate Commitment. 2.4.1 The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Applicable Commitment Fee Rate 0.30% on the daily unused portion of the Aggregate Commitment (the “Commitment Fee”) from and including the date hereof to but excluding the Facility Termination Date, payable in arrears on each Payment Date and on the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Puget Sound Energy Inc)

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