US Commitment Fees Sample Clauses
The US Commitment Fees clause defines the obligation of a borrower to pay fees to a lender for the unused portion of a committed loan facility. Typically, these fees are calculated as a percentage of the undrawn amount and are paid periodically, such as quarterly or annually, to compensate the lender for reserving funds that the borrower may draw in the future. This clause ensures that lenders are compensated for making credit available, even if the borrower does not utilize the full amount, thereby incentivizing efficient use of committed credit lines and offsetting the lender's opportunity cost.
US Commitment Fees. The US Borrower agrees to pay to the US Administrative Agent for the account of each US Lender a US Commitment Fee on the average daily amount by which such Lender’s US Commitment exceeds such Lender’s outstanding US Advances plus such Lender’s Applicable Percentage of the US Letter of Credit Exposure at the rate equal to the Applicable Margin for US Commitment Fees for such period. The US Commitment Fee is due quarterly in arrears on March 31, June 30, September 30, and December 31 of each year commencing on December 31, 2006, and on the Maturity Date. For purposes of this Section 2.9(a) only, amounts advanced as US Swingline Advances shall not reduce the amount of the unused US Commitment.
US Commitment Fees. The US Borrower agrees to pay to the US Administrative Agent for the account of each US Lender a US Commitment Fee on the average daily amount by which such Lender’s US Commitment exceeds such Lender’s outstanding US Advances plus such Lender’s Applicable Percentage of the US Letter of Credit Exposure at the per annum rate equal to 0.75%. The US Commitment Fee is due quarterly in arrears on March 31, June 30, September 30, and December 31 of each year commencing on September 30, 2014, and on the Maturity Date. For purposes of this Section 2.9(a) only, amounts advanced as Swingline Advances shall not reduce the amount of the unused US Commitment.
US Commitment Fees. The Company agrees to pay to the Administrative Agent, for the ratable benefit of each U.S. Lender based upon each such U.S. Lender’s U.S. Revolving Facility Percentage, as consideration for the U.S. Revolving Commitments of the U.S. Lenders, commitment fees (the “U.S. Commitment Fees”) for the period from the Closing Date to, but not including, the Revolving Facility Termination Date, computed for each day at a rate per annum equal to (i) the Applicable Commitment Fee Rate times (ii) the Unused Total U.S. Commitment in effect on such day. Accrued U.S. Commitment Fees shall be due and payable in U.S. Dollars in arrears on the first Business Day of each month and on the Revolving Facility Termination Date.