Common use of Term-Out Fee Clause in Contracts

Term-Out Fee. The Borrower shall pay to the Administrative Agent for the account of each Bank ratably term-out fees at a rate of 0.100% per annum accruing on the daily aggregate outstanding principal amount of the Term Loan of such Bank, for the period from and including the Commitment Termination Date to but excluding the date the Term Loan of such Bank is repaid in full. Such term-out fees for each Loan shall be payable on each date on which interest is payable with respect to such Loan pursuant to Section 2.07 occurring after the Commitment Termination Date, and on the date the Term Loan of such Bank shall be repaid in its entirety; provided that any term-out fees accruing after the first anniversary of the Commitment Termination Date shall be payable on demand.

Appears in 2 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Term-Out Fee. The Borrower shall pay to the Administrative Agent for the account of each Bank ratably term-out fees at a rate of 0.1000.250% per annum accruing on the daily aggregate outstanding principal amount of the Term Loan of such Bank, for the period from and including the Commitment Termination Date to but excluding the date the Term Loan of such Bank is repaid in full. Such term-out fees for each Loan shall be payable on each date on which interest is payable with respect to such Loan pursuant to Section 2.07 occurring after the Commitment Termination Date, and on the date the Term Loan of such Bank shall be repaid in its entirety; , provided that any term-out fees accruing after the first anniversary of the Commitment Termination Date shall be payable on demand.

Appears in 2 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Term-Out Fee. The Borrower shall pay to the Administrative Agent for the account of each Bank ratably term-out fees at a rate of 0.1000.250% per annum accruing on the daily aggregate outstanding principal amount of the Term Loan of such Bank, for the period from and including the Commitment Termination Date to but excluding the date the Term Loan of such Bank is repaid in full. Such term-out fees for each Loan shall be payable on each date on which interest is payable with respect to such Loan pursuant to Section 2.07 occurring after the Commitment Termination Date, and on the date the Term Loan of such Bank shall be repaid in its entirety; provided that any term-out fees accruing after the first anniversary of the Commitment Termination Date shall be payable on demand.

Appears in 2 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Term-Out Fee. The Borrower shall pay to the Administrative Agent for the account of each Bank ratably term-out fees at a rate of 0.1000.125% per annum accruing on the daily aggregate outstanding principal amount of the Term Loan of such Bank, for the period from and including the Commitment Termination Date to but excluding the date the Term Loan of such Bank is repaid in full. Such term-out fees for each Loan shall be payable on each date on which interest is payable with respect to such Loan pursuant to Section 2.07 occurring after the Commitment Termination Date, and on the date the Term Loan of such Bank shall be repaid in its entirety; provided that any term-out fees accruing after the first anniversary of the Commitment Termination Date shall be payable on demand.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Term-Out Fee. The Borrower shall pay to the Administrative Agent for the account of each Bank ratably term-out fees at a rate of 0.100% per annum accruing on the daily aggregate outstanding principal amount of the Term Loan of such Bank, for the period from and including the Commitment Termination Date to but excluding the date the Term Loan of such Bank is repaid in full. Such term-out fees for each Loan shall be payable on each date on which interest is payable with respect to such Loan pursuant to Section 2.07 occurring after the Commitment Termination Date, and on the date the Term Loan of such Bank shall be repaid in its entirety; provided that any term-out fees accruing after the first anniversary of the Commitment Termination Date shall be payable on demand.. 24

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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