Common use of Revolving Credit Commitment Fee Clause in Contracts

Revolving Credit Commitment Fee. The Borrowers shall pay to the Agent for the ratable account of the Banks in accordance with their Unused Revolving Credit Commitments a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereof) and on the Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.

Appears in 1 contract

Samples: Secured Credit Agreement (Pilgrims Pride Corp)

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Revolving Credit Commitment Fee. The Borrowers Borrower shall pay to the Administrative Agent for the ratable account of the Banks in accordance with Lenders according to their Unused Revolving Credit Commitments Revolver Percentages a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee shall be payable quarterly in arrears on the last day Business Day of each March, June, September, and December in each year (commencing on the first such date occurring after the date Closing Date hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.

Appears in 1 contract

Samples: Credit Agreement (American CyberSystems Inc)

Revolving Credit Commitment Fee. The Borrowers shall pay to the Administrative Agent for the ratable account of the Banks Lenders in accordance with their Unused Revolving Credit Commitments Revolver Percentages a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereof) and on the scheduled Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Sparton Corp)

Revolving Credit Commitment Fee. The Borrowers Borrower shall pay to the Administrative Agent for the ratable account of the Banks Lenders in accordance with their Unused Revolving Credit Commitments Revolver Percentages a commitment fee at the rate of per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Plexus Corp)

Revolving Credit Commitment Fee. The Borrowers shall pay to the Agent for the ratable account of the Banks in accordance with Lenders according to their Unused Revolving Credit Commitments Applicable Percentages a commitment fee (“Commitment Fee”) at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee Commitment Fee shall be payable quarterly in arrears on the on the last day Business Day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee Commitment Fee for the period to the date of such termination in whole shall be paid on the date of such termination.

Appears in 1 contract

Samples: Assignment and Assumption (McBc Holdings, Inc.)

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Revolving Credit Commitment Fee. The Borrowers shall pay to the Administrative Agent for the ratable account of the Banks in accordance with Lenders according to their Unused Revolving Credit Commitments Revolver Percentages a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee shall be payable quarterly in arrears on the last day Business Day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereofClosing Date) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Turning Point Brands, Inc.)

Revolving Credit Commitment Fee. The Borrowers shall pay to the Agent for the ratable account of the Banks in accordance with Lenders according to their Unused Revolving Credit Commitments Applicable Percentages a commitment fee (“Commitment Fee”) at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee Commitment Fee shall be payable quarterly in arrears on the last day Business Day of each March, June, September, and December in each year calendar quarter (commencing on the first such date occurring after the date hereofSeptember 30, 2014) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee Commitment Fee for the period to the date of such termination in whole shall be paid on the date of such termination.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Addus HomeCare Corp)

Revolving Credit Commitment Fee. The Borrowers Borrower shall pay to the Administrative Agent for the ratable account of the Banks Lenders in accordance with their Unused Revolving Credit Commitments Percentages a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Amcol International Corp)

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