PROLONGATION FEE Sample Clauses

PROLONGATION FEE. 7.1 In consideration of the Lenders agreeing to the amendments contemplated by Clause 2 above, Starbev and Molson undertake to pay to the Lenders a prolongation fee in an amount equal to 0.05 per cent. of their Facility A Commitments (calculated as if the Effective Date had occurred on the date of this Agreement) as at the date of this Agreement (the “Prolongation Fee”). 7.2 The Prolongation Fee shall accrue from the date of signing of this Agreement and will be payable on the earlier of: (a) 10 Business Days from the date of this Agreement; and (b) the Effective Date. 7.3 The Prolongation Fee is exclusive of any VAT, which shall be paid by the Obligors if chargeable. The Obligors shall pay, or cause to be paid, any VAT chargeable on the Prolongation Fee to the Lenders in an amount equal to the amount of VAT and all related penalties, costs and interest. 7.4 The Prolongation Fee is payable to the Lenders in EUR for their own account in full without any setoff, deductions or withholding of any kind (unless required by law) and in immediately available, freely transferable, cleared funds to the account notified by the Lenders for this purpose. If a deduction or withholding is required by law to be made, the amount of the payment due to the Lenders shall be increased to an amount which (after making the deduction or withholding) leaves an amount equal to the amount that would have been due if no such deduction or withholding had been required. 7.5 No amount in respect of the Prolongation Fee paid pursuant to this Agreement shall be refunded or repayable in any circumstance and shall not be subject to reduction by way of setoff or counterclaim or otherwise be affected by any claim or dispute relating to any PRAGUE 2451665 other matter, and is not creditable towards the payment of any other amount due under the Finance Documents.

PROLONGATION FEE. Each Obligor shall pay to each Lender (for its own account) a prolongation fee in the amount and at the times agreed in the Amendment and Restatement Agreement.