The Facility Fee Sample Clauses

The Facility Fee clause defines the charges imposed for the use of a particular facility or service provided under an agreement. Typically, this fee is a fixed or periodic payment required from the user, and it may cover access, maintenance, or operational costs associated with the facility. By clearly outlining the fee structure and payment obligations, this clause ensures transparency in financial expectations and helps prevent disputes over usage costs.
POPULAR SAMPLE Copied 1 times
The Facility Fee. In consideration of the Loan, from and after the date of this Agreement up to and including the Availability Date, the Borrower shall pay the Lender a facility fee of one-half of one percent (0.5%) on the average daily Borrowing Availability during each fiscal quarter or portion thereof. This facility fee shall be payable, without demand, on the last day of each March, June, September and December, commencing June 30, 1996. The Borrower shall make payment of the facility fee by wire transfer, certified check or by authorizing the Lender to withdraw readily available funds from the Operating Account.
View SourceView Similar (2)
The Facility Fee. The Borrower will pay the Bank a facility fee on the Effective Date in the amount of $100,000.00 (the "Facility Fee"), which Facility Fee shall be fully-earned and non-refundable upon payment.
View SourceView Similar (2)
The Facility Fee. The Borrower agrees to pay a fee (the “Facility Fee”) to the Lender in respect of the Loan. The Facility Fee for the Loan shall be equal to 0.75% times the amount of the Loan ultimately drawn by the Borrower, and the amount of the Facility Fee to be paid by the Borrower in respect of each Tranche shall be deemed to have been earned by the Lender as of the applicable Borrowing Date for such Tranche. The Facility Fee shall be paid to the Lender in five (5) annual installments in accordance with the following schedule: Borrowing Date for the first Tranche One-fifth (1/5) of the amount of the Facility Fee earned by the Lender and outstanding First anniversary of the Borrowing Date for the first Tranche One-fourth (1/4) of the amount of the Facility Fee earned by the Lender and outstanding Second anniversary of the Borrowing Date for the first Tranche One-third (1/3) of the amount of the Facility Fee earned by the Lender and outstanding Third anniversary of the Borrowing Date for the first Tranche One-half (1/2) of the amount of the Facility Fee earned by the Lender and outstanding Fourth anniversary of the Borrowing Date for the first Tranche All remaining amounts of the Facility Fee earned by the Lender and outstanding Provided, however, that (i) the amount of the Facility Fee deemed to have been earned on the Borrowing Date for the first Tranche shall be reduced by $75,000, which amount represents the amount of the fee paid by the Borrower to Bank of Scotland in connection with the Outline Terms and Conditions, dated as of January 5, 2005, by and between the Borrower and Bank of Scotland New York Branch, and (ii) any amount of the Facility Fee subsequently deemed to have been earned shall be reduced by the amount of the Commitment Fee paid or payable with respect to such amount.
View Source

Related to The Facility Fee

  • Facility Fee The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Pro Rata Share, a facility fee (the “Facility Fee”) equal to the Applicable Rate times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.17. The Facility Fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The Facility Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Facility Fees (i) The Borrower shall pay to the Administrative Agent for the account of each Tranche 1 Lender in accordance with its Applicable Tranche 1 Percentage, a ticking fee (the “Tranche 1 Ticking Fee”) equal to the Applicable Rate times the actual daily outstanding principal amount of the Aggregate Tranche 1 Commitments subject to adjustment as provided in Section 2.17. The Tranche 1 Ticking Fee shall accrue commencing on August 15, 2021 to the end of the Availability Period, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Effective Date, and on the last day of the Availability Period. The Tranche 1 Ticking Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. (ii) The Borrower shall pay to the Administrative Agent for the account of each Tranche 2 Lender in accordance with its Applicable Tranche 2 Percentage, a ticking fee (the “Tranche 2 Ticking Fee”) equal to the Applicable Rate times the actual daily outstanding principal amount of the Aggregate Tranche 2 Commitments subject to adjustment as provided in Section 2.17. The Tranche 2 Ticking Fee shall accrue commencing on August 15, 2021 to the end of the Availability Period, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Effective Date, and on the last day of the Availability Period. The Tranche 2 Ticking Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Unused Facility Fee A quarterly Unused Facility Fee equal to one quarter of one percent (0.25%) per annum of the difference between the Revolving Line and the average outstanding principal balance of Advances during the applicable quarter, which fee shall be payable within five (5) days of the last day of each such quarter and shall be nonrefundable; and

  • Commitment Fee The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender under each Facility in accordance with its Pro Rata Share or other applicable share provided for under this Agreement, a commitment fee in Dollars equal to the Applicable Rate with respect to Revolving Credit Loan commitment fees, times the actual daily amount by which the aggregate Revolving Credit Commitment for the applicable Facility exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans for such Facility and (B) the Outstanding Amount of L/C Obligations for such Facility; provided that any commitment fee accrued with respect to any of the Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender, except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time; and provided, further, that no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee on each Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Commitments, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date during the first full fiscal quarter to occur after the Closing Date and on the Maturity Date for the Revolving Credit Commitments. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Unused Revolving Line Facility Fee A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and