Common use of Revolving Commitment Fee Clause in Contracts

Revolving Commitment Fee. The Borrowers shall pay to the Agent, for the account of each Bank, fees (the "Revolving Commitment Fees") in an amount determined by applying a rate per annum equal to the Applicable Fee Percentage to the average daily Unused Revolving Commitment of such Bank for the period from the Closing Date to the Transformation Date. Such Revolving Commitment Fees are payable in arrears on each Quarterly Payment Date and on the Transformation Date.

Appears in 1 contract

Sources: Credit Agreement (Pilgrim Capital Corp)

Revolving Commitment Fee. The Borrowers Borrower shall pay to the Agent, Agent for the account of each Bank, Bank fees (the "Revolving Commitment Fees") in an amount determined by applying a rate per annum equal to the Applicable Commitment Fee Percentage to the average daily Unused Revolving Commitment of such Bank for the period from the Closing Date to the Transformation Termination Date. Such Revolving Commitment Fees are payable in arrears quarterly on the last day of each Quarterly Payment Date fiscal quarter and on the Transformation Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Marten Transport LTD)

Revolving Commitment Fee. The Borrowers Borrower shall pay to the Agent, Agent for the account of each Bank, Bank fees (the "Revolving Commitment Fees") in an amount determined by applying a rate per annum equal to the Applicable Commitment Fee Percentage to the average daily Unused Revolving Commitment of such Bank for the period from the Closing Date to the Transformation Termination Date. Such Revolving Commitment Fees are payable in arrears quarterly on the last day of each Quarterly Payment Date fiscal quarter and on the Transformation Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Marten Transport LTD)

Revolving Commitment Fee. The Borrowers shall pay to the Agent, Agent for the account of each Bank (other than any Defaulting Bank, ) fees (the "Revolving Commitment Fees") in an amount determined by applying a rate per annum equal to the Applicable Commitment Fee Percentage to the average daily Unused Revolving Commitment of such Bank for during each calendar quarter during the period from the Closing Date to the Transformation Termination Date. Such Revolving Commitment Fees are payable in arrears quarterly on the last day of each Quarterly Payment Date quarter and on the Transformation Termination Date.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Commercial Vehicle Group, Inc.)

Revolving Commitment Fee. The Borrowers Borrower shall pay to the Agent, Agent for the account of each Bank, Bank fees (the "Revolving Commitment Fees") in an amount determined by applying a rate per annum equal to the Applicable Fee Percentage to the average daily Unused Revolving Commitment of such Bank for the period from the Closing Date to the Transformation Termination Date. Such Revolving Commitment Fees are payable in arrears quarterly on the last day of each Quarterly Payment Date quarter and on the Transformation Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Graco Inc)