Previously Accrued Commitment Fees Sample Clauses
Previously Accrued Commitment Fees. Borrower acknowledges that commitment fees have accrued under the Original Credit Agreement and pursuant to Section 2.9 (C) of the Original Credit Agreement, and only Ford Credit, Chrysler Financial and Toyota Credit may share in such previously accrued commitment fees. Bank of America acknowledges that it may not share in such previously accrued commitment fees. Ford Credit, Chrysler Financial and Toyota Credit will share in such previously accrued commitment fees in the following percentage amounts: 41.67% to Ford Credit, 41.67% to Chrysler Financial and 16.66% to Toyota Credit; which commitment fees must be paid by Borrower to Agent on November 15, 2003.Agent will remit the commitment fee amounts due to Chrysler Financial and Toyota Credit, respectively, on the first Business Day after the first Principal Reconciliation Date following November 15, 2003.
Previously Accrued Commitment Fees. Borrower acknowledges that commitment fees have accrued under the Original Credit Agreement and pursuant to Section 2.9 (C) of the Original Credit Agreement, Ford Credit could require payment of those commitment fees on the Effective Date of this Agreement. Ford Credit agrees to postpone payment of such commitment fees until November 15, 2000, at which time Borrower must pay Ford Credit the full amount of such commitment fees (via wire transfer pursuant to wire transfer instructions provided by Ford Credit to Borrower). No Lender other than Ford Credit may share in such previously accrued commitment fees.
Previously Accrued Commitment Fees. Borrower acknowledges that commitment fees have accrued under the Original Credit Agreement and pursuant to Section 2.9 (C) of the Original Credit Agreement, and only Ford Credit and Chrysler Financial may share in such previously accrued commitment fees. Toyota Credit acknowledges that it may not share in such previously accrued commitment fees. Ford Credit and Chrysler Financial will share in such previously accrued commitment fees equally, with each receiving 50% of such previously accrued commitment fees; which such fees must be paid by Borrower to Agent on November 15, 2001, and 50% of which such fees Agent will remit to Chrysler Financial on the first Business Day after the first Principal Reconciliation Date following November 15, 2001.