Commitment Fee Period definition
Examples of Commitment Fee Period in a sentence
The Commitment Fee shall accrue at all times during the Commitment Fee Period (but not, for the avoidance of doubt, during any Commitment Unavailability Period), including at any time during which one or more of the conditions in Article 4 is not met.
The commitment fee shall accrue at all times during the Commitment Fee Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the Signing Date, and on the last day of the Availability Period.
Borrower shall pay Agent for the account of Lender a Commitment Fee (the “Commitment Fee”) for each day during each Commitment Fee Period equal to the product of (A) the Commitment Fee Rate times (B) an amount equal to the greater of (1)(x) the Facility Amount less (y) the Loan Principal Amount on such day and (2) zero.
The Commitment Fee shall be computed daily by Agent based on a year of 360 days and the actual days in each Commitment Fee Period, and Agent shall provide notice to Borrower of the amount of the Commitment Fee due for each Commitment Fee Period no later than the Business Day prior to each Commitment Fee Payment Date; provided, however, that the failure of Agent to provide such notice shall not in any manner affect Borrower’s obligation to pay such Commitment Fee.
For the period beginning on the date hereof and ending on the date the Obligations are paid in full and this Agreement is terminated (the "Commitment Fee Period"), Borrower shall pay to the Administrative Agent for the account of the Banks a commitment fee on the unused Commitments at the Applicable Fee Percentage.