Definition of Credit Facility Fee


Credit Facility Fee - shall mean an annual fee of Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00), to be paid by Borrower to Lender in quarterly installments of Sixty-Two Thousand Five Hundred and No/100 Dollars ($62,500.00).
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Examples of Credit Facility Fee in a sentence

Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day.
The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed.
The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Aggregate Commitment then in effect (whether used or unused).
Upon receipt of such payment, Agent shall make prompt payment to each Lender of its share of the Revolving Credit Facility Fee based upon its respective Percentage.
Upon receipt of such payment, the Agent shall make prompt payment to each Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage.