Duration Fees has the meaning specified in Section 2.09(c).
Duration Fees has the meaning assigned to such term in Section 2.5(b).
Duration Fees has the meaning assigned thereto in Section 4.3(a).
Examples of Duration Fees in a sentence
The Duration Fees shall be distributed by the Administrative Agent to the Lenders pro rata in accordance with the Lenders’ respective Term Loan Percentages.
The Duration Fees consist of (1) 25 basis points on the amount outstanding at 180 days from the date of first borrowing under the Bridge Financing; (2) 50 basis points on the amount outstanding at 270 days from the date of first borrowing under the Bridge Financing; and (3) 100 basis points on the amount outstanding at 365 days from the date of first borrowing under the Bridge Financing.
All fees payable hereunder shall be paid on the dates due, in U.S. Dollars, in immediately available funds, to the Administrative Agent for distribution, in the case of Commitment Fees and Duration Fees, to the Lenders.
Excluding the effect of the Duration Fees, the weighted average interest rate would have been 3.75% and 4.88% per annum for the year ended December 31, 2015 and the three months ended March 31, 2016, respectively.
The Duration Fees are assessed based on the period of time the Bridge Financing is outstanding.
More Definitions of Duration Fees
Duration Fees has the meaning specified in Section 2.08(d).
Duration Fees. See §6.1(b).
Duration Fees. The applicable Borrower shall pay, or cause to be paid, duration fees (the “Duration Fees”) for the account of each Lender in amounts equal to the percentage as determined in accordance with the grid below, of the principal amount of the Tranche A Loan or Tranche B Loan, as applicable, of such Lender outstanding at the close of business, New York City time, on each date set forth in the grid below, payable on each such date: Tranche A Duration Fee 90 days after the Tranche A Closing Date 180 days after the Tranche A Closing Date 270 days after the Tranche A Closing Date 0.50 % 0.75 % 1.00 % Tranche B Duration Fee 90 days after the Tranche B Closing Date 180 days after the Tranche B Closing Date 270 days after the Tranche B Closing Date 0.50 % 0.75 % 1.00 % Default Rate: At any time when a payment default under the Credit Documentation has occurred and is continuing, the overdue amount shall accrue interest at a rate per annum equal to (i) in the case of principal of any Bridge Loan, 2% above the rate otherwise applicable thereto or (ii) in the case of any other amount, 2% above the rate applicable to ABR Loans, with such interest being payable on demand. Rate and Fee Basis: All per annum rates shall be calculated on the basis of a year of 360 days (or 365/366 days, in the case of ABR Loans the interest rate payable on which is then based on the Prime Rate) for actual days elapsed. Xxxxx X-X CF INDUSTRIES HOLDINGS, INC. Pricing Grid Parent’s Senior Unsecured Long-Term Applicable Margin Debt Rating (S&P or Xxxxx’x) ABR Loans LIBOR Loans Rating Level 1: > BBB+ / Baa1 12.5 bps 112.5 bps Rating Level 2: > BBB / Baa2 25 bps 125 bps Rating Level 3: > BBB- / Baa3 50 bps 150 bps Rating Level 4: < BB+ / Ba1 75 bps 175 bps Rating Level 5: < BB / Ba2 100 bps 200 bps The Applicable Margin in respect of Tranche A Loans shall increase by 25 basis points every 90 days starting with the date that is 90 days from the Tranche A Closing Date through and including the date that is 270 days after the Tranche A Closing Date. The Applicable Margin in respect of Tranche B Loans shall increase by 25 basis points every 90 days starting with the date that is 90 days from the Tranche B Closing Date through and including the date that is 270 days after the Tranche B Closing Date. In the event of a split rating, the higher rating shall apply, except that in the event of a split rating of more than one level, the applicable rating shall be one level lower than the higher rating. In the e...
Duration Fees. The Borrower shall pay duration fees on the aggregate principal amount of the outstanding Loans in such amounts and on such dates as are set forth on Annex I-B.
Duration Fees. The Borrower shall pay, or cause to be paid, duration fees (the “Duration Fees”) for the account of each Lender in amounts equal to the percentage as determined in accordance with the grid below, of the principal amount of the Loan of such Lender outstanding at the close of business, New York City time, on each date set forth in the grid below, payable on each such date: Duration Fees 90 days after Closing Date 180 days after Closing Date 270 days after Closing Date 50 bps 75 bps 100 bps Default Rate: At any time upon the occurrence and during the continuation of any payment default, all overdue amounts under the Facility shall bear interest at a rate per annum equal to (i) in the case of principal of any Loan, 2.00% above the rate otherwise applicable thereto or (ii) in the case of any other amount, 2.00% above the rate applicable to ABR Loans, with such interest being payable on demand. Rate and Fee Basis: All per annum rates shall be calculated on the basis of a year of 360 days (or 365/366 days, in the case of ABR Loans the interest rate payable on which is then based on the Prime Rate) for actual days elapsed. Annex I-A to Exhibit A PROJECT MICHIGAN Pricing Grid Borrower’s Senior Debt Rating (S&P/Xxxxx’x) Applicable Margin Closing Date through 89 days after Closing Date 90 days after Closing Date through 179 days after Closing Date 180 days after Closing Date through 269 days after Closing Date 270 days after Closing Date and thereafter ABR Loans LIBOR Loans ABR Loans LIBOR Loans ABR Loans LIBOR Loans ABR Loans LIBOR Loans Rating Level 1: ³ A / A2 0.0 bps 100.0 bps 25.0 bps 125.0 bps 50.0 bps 150.0 bps 75.0 bps 175.0 bps Rating Level 2: A- / A3 25.0 bps 125.0 bps 50.0 bps 150.0 bps 75.0 bps 175.0 bps 100.0 bps 200.0 bps Rating Level 3: BBB+ / Baa1 37.5 bps 137.5 bps 62.5 bps 162.5 bps 87.5 bps 187.5 bps 112.5 bps 212.5 bps Rating Level 4: BBB / Baa2 50.0 bps 150.0 bps 75.0 bps 175.0 bps 100.0 bps 200.0 bps 125.0 bps 225.0 bps Rating Level 5: £ BBB- / Baa3 87.5 bps 187.5 bps 112.5 bps 212.5 bps 137.5 bps 237.5 bps 162.5 bps 262.5 bps
Duration Fees has the meaning specified in Section 2.04. *** = Portions of this exhibit have been omitted pursuant to a request for confidential treatment. An unredacted version of this exhibit has been filed separately with the Commission.
Duration Fees has the meaning set forth in Section 2.09(b). “Early Opt-in Election” means the occurrence of: