Undrawn Commitment Fees Sample Clauses
The Undrawn Commitment Fees clause defines the fees a borrower must pay on the unused portion of a committed loan facility. In practice, this means that even if the borrower has not drawn down the full amount available under a credit agreement, they are still required to pay a periodic fee—often calculated as a percentage of the undrawn balance. This clause incentivizes borrowers to utilize the facility efficiently and compensates lenders for reserving capital, ensuring they are remunerated for the commitment regardless of actual usage.
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Undrawn Commitment Fees. From and after the Series 2020-1 Closing Date, Undrawn Commitment Fees will accrue as provided in the Series 2020-1 Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so made available, commencing on the Initial Quarterly Payment Date. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2020-1 Class A-1 Note Rate.
Undrawn Commitment Fees. From and after the Series 2014-1 Closing Date, Undrawn Commitment Fees will accrue as provided in the Series 2014-1 Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, commencing on March 5, 2015. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2014-1 Class A-1 Note Rate.
Undrawn Commitment Fees. From and after the Closing Date, Undrawn Commitment Fees shall accrue as provided in the Series 2018-1 Class A-1 Note Purchase Agreement. Such accrued fees shall be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Interim Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, commencing on December 5, 2018. To the extent any such amount is not paid on a Quarterly Payment Date when due (a “Series 2018-1 Class A-1 Quarterly Commitment Fees Shortfall Amount”), such unpaid amount shall accrue interest at the Series 2018-1 Class A-1 Note Rate.
Undrawn Commitment Fees. From and after the Series 2019-3 Closing Date, Undrawn Commitment Fees will accrue as provided in the Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2019-3 Class A-1 Note Rate.
Undrawn Commitment Fees. From and after the Series 2025-1 Closing Date, Undrawn Commitment Fees will accrue as provided in the Series 2025-1 Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, commencing with the Quarterly Payment Date occurring in October 2025. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2025-1 Class A-1 Note Rate.
Undrawn Commitment Fees. From and after the Series 2006-1 Closing Date, Undrawn Commitment Fees will accrue as provided in the Series 2006-1 Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Payment Date, commencing on February 20, 2007. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2006-1 Class A-1 Note Rate.
Undrawn Commitment Fees. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Percentage, an undrawn commitment fee which shall accrue at the rate of 0.25% per annum on the daily amount of the undrawn Commitment of such Lender during the period from and including the Effective Date to but excluding the Commitment Termination Date. Commencing on May 31, 2011, accrued fees shall be payable quarterly in arrears on the last day of each February, May, August and November prior to the Commitment Termination Date and on the Commitment Termination Date.
Undrawn Commitment Fees. The Borrower shall pay to the Facility Agent (for the account of each Lender in proportion to their respective Lender's Participation under this Agreement) a fee, assessed on a per day basis, equal to the Commitment Fee Percentage (the “Undrawn Commitment Fee”) of the Undrawn Commitment. The Borrower shall pay such accrued fee in each Interest Payment Date that falls during the period from and including the Signing Date to and including the Availability Period End Date (the “Undrawn Commitment Fee End Date”). If the Undrawn Commitment Fee End Date does not fall on an Interest Payment Date, then the Borrower shall also pay any such accrued fee on the Undrawn Commitment Fee End Date.
Undrawn Commitment Fees. 1) The Borrower agrees to pay the Administrative Agent for the ratable account of each Tranche A Lender a fee in cash calculated on a daily basis at a rate per annum equal to 0.50% on the daily unused Tranche A Commitment of such Tranche A Lender (the “Tranche A Undrawn Commitment Fee”) accruing commencing on the date hereof and due and payable in arrears on the last Business Day of each calendar quarter of each year until the Maturity Date, in each case, with respect all amounts accrued to such date. For the avoidance of doubt, if the full amount of the Tranche A Loans are not repaid on the Maturity Date and any Tranche A Commitment remains undrawn, the determination of the Tranche A Undrawn Commitment Fee will continue until such time as all such amounts have been repaid or prepaid in full, provided that, in all cases, upon the funding in full of the Tranche A Commitments, no Tranche A Undrawn Commitment Fee will continue to accrue.
2) Upon repayment or prepayment in full of the Tranche C Loans on the Maturity Date or otherwise, the Borrower shall become obligated to pay each Tranche C Lender a fee equal to (i) the difference between (1) such Tranche C Lender’s Tranche C Commitment and (2) such Tranche C Lender’s pro rata share of the aggregate principal amount of outstanding Tranche C Loans, multiplied by
Undrawn Commitment Fees. From and after the Series 2025-1 Closing Date, Undrawn Commitment Fees shall accrue as provided in the Series 2025-1 Class A-1 Note Purchase Agreement. Such accrued fees shall be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Interim Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, commencing on June, 2026. To the extent any such amount is not paid on a Quarterly Payment Date when due (a “Series 2025-1 Class A-1 Quarterly Commitment Fees Shortfall Amount”), such unpaid amount shall accrue interest at the Series 2025-1 Class A-1 Note Rate. (c) Series 2025-1 Class A-1 Post-Renewal Date Contingent Interest. Following a Series 2025-1 Class A-1 Notes Amortization Event additional interest shall accrue on the Series 2025-1 Class A-1 Outstanding Principal Amount (excluding any Undrawn L/C Face Amounts included therein) at a rate equal to 5.00% per annum (the “Series 2025-1 Class A-1 Post-Renewal Date Contingent Interest Rate”), calculated in accordance with Section 3.01(f) of the Series 2025- 1 Class A-1 Note Purchase Agreement, in addition to the regular interest that shall continue to accrue at the Series 2025-1 Class A-1 Note Rate. Any Series 2025-1 Class A-1 Quarterly Post- Renewal Date Contingent Interest Amount shall be due and payable on any applicable Quarterly Payment Date, as and when amounts are made available for payment thereof (i) on any related Interim Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly