OID Fee Sample Clauses

OID Fee. On the Closing Date, Borrower shall pay an original issuance discount fee of 1.5% of the Term Loan (the “OID Fee”) to Agent for the benefit of the Lenders. The OID Fee is nonrefundable and deemed fully earned on the Closing Date.

OID Fee. (a) You agree to pay (or procure that a member of the Group pays) to the Arranger an OID fee in an amount equal to up to 1.0 per cent. of the aggregate principal amount of its Commitments in respect of Facility B (the “OID Fee”), (i) the weighted average OID Fee paid to new lenders in respect of Facility B shall also be available to the Arranger (and its Affiliates) in respect of its Final Hold at the end of the Syndication Period; (ii) any part of the OID Fee which is not payable to the Arranger (or its Affiliates) in respect of its Final Hold or required to be paid away (or passed on by way of transfer at a discount) to new lenders pursuant to paragraph 4.5 below, shall, on Successful Syndication, be rebated promptly to you (or any person as may be directed by you); (iii) if Successful Syndication has not been achieved by the end of the Syndication Period, the Arranger’s (and its Affiliates’) share of the OID Fee shall be the full amount of the OID Fee that is not paid to new lenders; and (iv) the preceding provisions shall not apply to the Additional OID Fee, which shall not be payable to the Arranger (or its Affiliates) other than as provided under paragraph 4.5(b)(vii) below. (b) The OID Fee shall be payable on the Closing Date and only becomes payable if utilisation of any Facility occurs.