Commitment Fee definition
Examples of Commitment Fee in a sentence
For the avoidance of doubt, the Commitment Fee shall be fully earned by the Investor as of September 30, 2026 and shall be non-refundable when paid to the Investor in accordance with this Section 10.1(ii) Agreement, regardless of whether any VWAP Purchases or Intraday VWAP Purchases are effected by the Company or settled hereunder or any subsequent termination of this Agreement.
Such Commitment Fee, to the extent then accrued, shall be payable quarterly in arrears (a) on the last Business Day of each March, June, September and December, (b) on the Revolving Facility Termination Date with respect to the applicable Revolving Commitments, and (c) as provided in Section 2.11 hereof, upon any reduction or termination in whole or in part of the Total Revolving Commitment.
The Investor and the Company acknowledge and agree that the Commitment Fee shall not be payable by the Company to the Investor if, on or prior to September 30, 2026, the Company has paid the full amount of the Prior Cash Holdback Amount that the Company was obligated to pay to the Investor on or prior to September 30, 2026 pursuant to the Prior Transaction Termination Letter Agreement.
The Incremental Aircraft Commitment Fee for each incremental aircraft will be [***].