Revolving Commitment Fee. The Borrower agrees to pay to the Bank a commitment fee on the daily average unused amount of the Bank’s Revolving Commitment for the period from and including the Closing Date to and including the Revolving Termination Date, at a rate equal to 0.50% per annum. Accrued commitment fees under this Section 2.5 shall be payable in arrears on each Quarterly Payment Date and on the Revolving Termination Date.
Appears in 2 contracts
Sources: Credit Agreement (Tufco Technologies Inc), Credit Agreement (Tufco Technologies Inc)
Revolving Commitment Fee. The Borrower agrees to shall pay to the Bank a commitment fee equal to one-quarter of one percent (0.25%) on the average daily average unused amount portion of the Bank’s Revolving Commitment for the period from and including the Closing Date to and including the Revolving Termination Date, at a rate equal to 0.50% per annumCommitment. Accrued The commitment fees under this Section 2.5 fee shall be due and payable in arrears on the first day of each Quarterly Payment Date calendar quarter and on the Revolving Termination Date.
Appears in 1 contract
Revolving Commitment Fee. The Borrower agrees to shall pay to the Bank a commitment fee on fees (the daily average unused amount of the Bank’s “Revolving Commitment for Fees”) in an amount determined by applying a rate of 0.275% per annum to the average daily Unused Revolving Commitment during the period from and including after the Closing Date date hereof to and including the Revolving Termination Date, at a rate equal to 0.50% per annum. Accrued commitment fees under this Section 2.5 shall be Such Revolving Commitment Fees are payable in arrears on each Quarterly Payment Date and the dates on the Revolving Termination Datewhich interest is payable pursuant to Section 2.5.
Appears in 1 contract
Revolving Commitment Fee. The Borrower agrees to pay to the Agent for the account of each Bank a commitment fee on the daily average unused amount of the such Bank’s 's Revolving Commitment for the period from and including the Closing Date to and including the Revolving Termination Date, at a rate equal to 0.50% per annumone half of one percent (.50%). Accrued commitment fees under this Section 2.5 shall be payable in arrears on each Quarterly Payment Date and on the Revolving Termination Date.
Appears in 1 contract
Sources: Credit Agreement (Jotan Inc)