State Guarantee Fee. The Borrower will pay on the last day of each Interest Period a guarantee fee in accordance with the provisions of clause 9.4.3 of the Pulp Mill Facility Agreement in the amount of 1% per annum of the outstanding Advances. Upon the expiration of a period of 6 months following the granting of the State Guarantee, the Borrower will pay a commitment fee of 0,25% of the Commitments which have not been drawn down yet.
Appears in 2 contracts
Sources: Project Financing Agreement (Mercer International Inc.), Project Financing Agreement (Mercer International Inc.)