Common use of Unused Commitment Fee Clause in Contracts

Unused Commitment Fee. The Borrower agrees to pay to the Agent, for the account of each Lender in accordance with such Lender’s Pro Rata Share, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Revolving Commitment, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the “Unused Commitment Fee”).

Appears in 5 contracts

Samples: Credit Agreement, Credit Agreement (Star Gas Partners Lp), Credit Agreement (Star Group, L.P.)

AutoNDA by SimpleDocs

Unused Commitment Fee. The Borrower agrees to pay to the Agent, for the account of each Lender in accordance with such Lender’s Pro Rata Share, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Revolving Commitment, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the “Unused Commitment Fee”).

Appears in 3 contracts

Samples: Credit Agreement (Star Gas Partners Lp), Credit Agreement (Star Gas Partners Lp), Credit Agreement (Star Gas Partners Lp)

Unused Commitment Fee. The Domestic Borrower agrees to pay to the Agent, for the account of each Domestic Lender in accordance with such Lender’s Pro Rata ShareShare of the Aggregate Commitment, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Revolving CommitmentCommitment from the date hereof to and including the Facility Termination Date, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the “Unused Commitment Fee”).

Appears in 2 contracts

Samples: Credit Agreement (Park Ohio Industries Inc/Oh), Credit Agreement (Park Ohio Holdings Corp)

Unused Commitment Fee. The Domestic Borrower agrees to pay to the Agent, for the account of each Domestic Lender in accordance with such Lender’s 's Pro Rata ShareShare of the Aggregate Commitment, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Revolving CommitmentCommitment from the date hereof to and including the Facility Termination Date, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the "Unused Commitment Fee").

Appears in 1 contract

Samples: Credit Agreement (Park Ohio Holdings Corp)

Unused Commitment Fee. The Borrower agrees to pay to the Agent, for the account of each Revolving Lender in accordance with such Lender’s Pro Rata Share, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Revolving Commitment, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the “Unused Commitment Fee”).

Appears in 1 contract

Samples: Credit Agreement (Star Gas Partners Lp)

Unused Commitment Fee. The Borrower agrees to pay to the Agent, for the account of each Lender in accordance with such Lender’s Pro Rata Share, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Revolving Commitment, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the “Unused Commitment Fee”).

Appears in 1 contract

Samples: Credit Agreement (USA Compression Partners, LP)

Unused Commitment Fee. The Borrower Company agrees to pay to the Agent, for the account of each Lender in accordance with such Lender’s 's Pro Rata Share, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Revolving Commitmentamount of the Aggregate Commitment minus the Aggregate Credit Exposure (other than Swingline Loans) from the date hereof to and including the Termination Date, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the "Unused Commitment Fee").

Appears in 1 contract

Samples: Credit Agreement (MSX International Inc)

Unused Commitment Fee. The Borrower agrees Borrowers agree, jointly and severally, to pay to the Agent, for the account of each Domestic Lender in accordance with such Lender’s 's Pro Rata ShareShare of the Aggregate Revolving Commitment, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Revolving CommitmentCommitment from the date hereof to and including the Facility Termination Date, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the "Unused Commitment Fee").

Appears in 1 contract

Samples: Credit Agreement (Brush Engineered Materials Inc)

AutoNDA by SimpleDocs

Unused Commitment Fee. The Borrower agrees Borrowers agree to pay to the Agent, for the account of each Revolving Lender in accordance with such Lender’s 's Pro Rata Share, an unused commitment fee at a per annum rate equal to the Applicable Unused Commitment Fee Rate on the average daily Available Revolving Commitment, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the "Unused Commitment Fee").

Appears in 1 contract

Samples: Credit Agreement (Newpark Resources Inc)

Unused Commitment Fee. The Borrower agrees Borrowers agree to pay to the Agent, for the account of each Revolving Lender in accordance with such Lender’s Pro Rata Share, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Revolving Commitment, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the “Unused Commitment Fee”).

Appears in 1 contract

Samples: Credit Agreement (Action Performance Companies Inc)

Unused Commitment Fee. The Borrower agrees to pay to the Agent, for the account of each Revolving Lender in accordance with such Lender’s Pro Rata Share, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate 0.50% on the average daily Available Revolving Commitment, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the “Unused Commitment Fee”).

Appears in 1 contract

Samples: Assignment and Assumption (Northwestern Corp)

Unused Commitment Fee. The Borrower agrees to pay to the Agent, for the account of each Revolving Lender in accordance with such Lender’s 's Pro Rata Share, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Revolving CommitmentCommitment from the date hereof to and including the Facility Termination Date, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the “Unused Commitment Fee”"UNUSED COMMITMENT FEE").

Appears in 1 contract

Samples: Credit Agreement (Park Ohio Holdings Corp)

Unused Commitment Fee. The Borrower agrees Borrowers agree, jointly and severally, to pay to the Agent, for the account of each Domestic Lender in accordance with such Lender’s Pro Rata ShareShare of the Aggregate Revolving Commitment, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Revolving CommitmentCommitment from the date hereof to and including the Facility Termination Date, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the “Unused Commitment Fee”).

Appears in 1 contract

Samples: Credit Agreement (Brush Engineered Materials Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.