Common use of Upfront Fees Clause in Contracts

Upfront Fees. On the Closing Date, Parent and the Borrowers shall pay to the Administrative Agent, for the respective accounts of the Lenders, upfront fees in the respective amounts set forth in a writing addressed to that Lender by the Lead Arranger Such fees are for the credit facility committed by each Lender under this Agreement and are fully earned when paid. The upfront fees paid to each Lender are solely for its own account and are nonrefundable.

Appears in 3 contracts

Samples: Day Loan Agreement (Harrahs Entertainment Inc), Assignment Agreement (Harrahs Entertainment Inc), Five Year Loan Agreement (Harrahs Entertainment Inc)

AutoNDA by SimpleDocs

Upfront Fees. On the Closing Date, Parent and the Borrowers shall pay to the Administrative Agent, for the respective accounts of the Lenders, upfront fees in the respective amounts set forth amount described in a writing addressed to that Lender by letter agreement between the Company and the Lead Arranger. The amount of such fees have been the subject of a written advice from the Lead Arranger to each Lender. Such fees are for the credit facility committed by each Lender under this Agreement and are fully earned when paid. The upfront fees paid to each Lender are solely for its own account and are nonrefundable.

Appears in 1 contract

Samples: Day Loan Agreement (Harrahs Entertainment Inc)

Upfront Fees. On the Closing Date, Parent and the Borrowers Company shall pay to the Administrative Agent, for the respective accounts of the Lenders, upfront fees in the respective amounts set forth in a writing addressed to that Lender by the Lead Arranger Arrangers. Such fees are for the credit facility committed by each Lender under this Agreement and are fully earned when paid. The upfront fees paid to each Lender are solely for its own account and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Harrahs Entertainment Inc)

AutoNDA by SimpleDocs

Upfront Fees. On the Closing Date, Parent and the Borrowers Borrower shall pay to the Administrative Agent, for the respective accounts of the Lenders, upfront fees in the respective amounts set forth in a writing addressed to that Lender by the Lead Arranger Confidential Offering Memorandum. Such participation/extension fees are for the credit facility committed by each Lender under this Agreement and are fully earned when paid. The upfront participation/extension fees paid to each Lender are solely for its own account and are nonrefundable.

Appears in 1 contract

Samples: Loan Agreement (Mandalay Resort Group)

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