Payment of Commitment Fees Sample Clauses
The Payment of Commitment Fees clause requires a borrower to pay a fee to the lender for making a specified amount of credit available, regardless of whether the borrower actually draws on the funds. Typically, this fee is calculated as a percentage of the undrawn loan commitment and is paid periodically, such as quarterly or annually, during the commitment period. The core function of this clause is to compensate the lender for reserving funds and to incentivize the borrower to utilize the committed facility efficiently.
Payment of Commitment Fees. (1) The Borrower shall pay, on the day that is ten (10) Business Days following the last day of the preceding Commitment Fee Calculation Period, a Commitment Fee in an amount calculated by applying the Commitment Fee Percentage to the total amount of the Unused Commitment Amount on each day within such Commitment Fee Calculation Period (provided that with respect to any day where the Commitment Amount has been adjusted in accordance with Article 9-7 Paragraph (2) Item (2), the Unused Commitment Amount following such adjustment shall be used as the reference) and dividing such total amount by 365 (and fractions less than one Yen (¥1) shall be rounded down). However, in the event that the Commitment Period ends before the Commitment Termination Date, with respect to the Commitment Fee Calculation Period that ended on the last day of the Commitment Period, the Borrower shall pay as Commitment Fees for such Commitment Fee Calculation Period, an amount calculated by applying the Commitment Fee Percentage to the total amount of the Unused Commitment Amount on each day starting from (and including) the Commitment Fee Calculation Period Start Date of such Commitment Fee Calculation Period until (and including) the last day of the Commitment Period (provided that with respect to any day where the Commitment Amount has been adjusted in accordance with Article 9-7 Paragraph (2) Item (2), the Unused Commitment Amount following such adjustment shall be used as the Subordinated Syndicated Loan Agreement dated October 26, 2018, for Takeda Pharmaceutical Company Limited reference) and dividing such total amount by 365 (and fractions less than one Yen (¥1) shall be rounded down), on the day that is two (2) Business Days following the Commitment Fee Calculation Period End Date with respect to such Commitment Fee Calculation Period as set out in in the table set out in the section titled “Commitment Fee Calculation Period” in Article 2-1 Paragraph (1) of this Agreement, and no Commitment Fees shall be payable by the Borrower thereafter. Unless otherwise provided in this Agreement, Borrower has no right to demand a refund of any Commitment Fees that have been paid to the Lenders.
Payment of Commitment Fees. Buyer has fully paid any and all commitment fees or other fees required by the Debt Commitment Letter to be paid by it (and which are due) on or prior to the date of this Agreement.
Payment of Commitment Fees. Commitment fees payable under Section 2.10(b), (c) and (d) shall commence accruing as of the date hereof and shall be payable in arrears at quarterly intervals commencing on July 1, 1996, and payable on the first Business Day of each October, January, April and July thereafter, except that accrued commitment fees shall be payable on any applicable Maturity Date and on demand after the occurrence of an Event of Default. Computations of commitment fees shall be made on the basis of a year of three hundred sixty (360) days for the actual number of days (including the first day but excluding the last day) occurring in the period for which such fees are payable.
Payment of Commitment Fees. All accrued commitment fees shall be payable on the effective date of any partial or complete termination of the obligations of the Lenders to make Revolving Loans hereunder."
Payment of Commitment Fees. Commitment Fees shall be payable in arrears on the first day of each January, April, July and October, commencing October 1, 1996 (for the three month period or portion thereof ended on the preceding day), and on the Revolver Termination Date. The Commitment Fee shall be calculated on the basis of a 360 day year.