Increase Commitment Fees Sample Clauses

Increase Commitment Fees. If the Maximum Credit is increased to at least $400,000,000 at the sole discretion of Clearwing (the date of such increase, the "Increase Date"), the Obligors shall pay to Clearwing the following fees: a. Increase Commitment Exercise Fee. A commitment exercise fee (the "Increase Commitment Exercise Fee") of $10,000,000, which shall be fully earned on the Increase Date, nonrefundable when paid, and due and payable in equal monthly installments on the first day of each month commencing with the first day of the first full month following the Increase Date and continuing until all Obligations have been paid in full, with any remaining balance due and payable on the Termination Date, provided, however, that if the Increase Date is on or after June 30, 2005, the Increase Commitment Exercise Fee shall be reduced by an amount equal to (i) $250,000, times (ii) the total number of full months that exist during the period from June 30, 2005 through and including the Increase Date. b. Increase Credit Support Fee. An increase credit support fee of $1,350,000, which fee shall be fully earned and due and payable on the Termination Date, and nonrefundable when paid. c. Increase Loan Commitment Fee. An increase loan commitment fee of $10,500,000, which fee shall be fully earned and due and payable on the Increase Date, and nonrefundable when paid, and shall be payable in advance in 24 equal monthly installments of $437,500 each, payable on the first day of each calendar month from and after the Increase Date through the date on which all of the Obligations are paid in full in accordance with the terms of the Loan Agreement, and the commitments of the Lender under the Loan Agreement are terminated, provided, however, that (a) the increase loan commitment fee that is due in advance for the period from the Increase Date through the last day of the calendar month in which the Increase Date falls shall be due and payable on the Increase Date and shall be an amount equal to (i) $437,500, times (ii) the result of the total number of days that will elapse from (and including) the Increase Date through the last day of the calendar month in which the Increase Date falls divided by the total number of days in such month, and (b) on the Termination Date, the Obligors shall pay an amount necessary to pay in full the remaining balance of the increase loan commitment fee, provided further, however, that if the Increase Date is on or after June 30, 2005, the Increase Loan Commitment Fee ...