Facility Agency Fee definition
Facility Agency Fee. Bus or Holding (as applicable) will pay to the Facility Agent under the definitive agreement for the Mezzanine Facility an annual Facilities fee of EUR 85,000 (pro-rata in accordance with the amount owed by each of them under the Mezzanine Facility). The first payment of such fee shall be made on the first date a drawing is made under the Mezzanine Facility and thereafter such fee shall be laid annually in advance (on each anniversary of the initial payment) for as long as any amount remains outstanding under the Mezzanine Facility or any commitment thereunder remains in force. Upon the first drawdown under the Mezzanine Facility, Bus or Holding (as applicable) will also pay to the Facility Agent all of the costs and expenses (including, without limitation, legal fees) incurred by the Facility Agent in relation to the Mezzanine Facility Fro rata in accordance with the amount owed by each of them under he Mezzanine Facility.
Facility Agency Fee has the meaning given to it in Clause 34.1;
Examples of Facility Agency Fee in a sentence
The Company shall pay to the Facility Agent for its own account an agency fee in the amount and at the times agreed in the Agency Fee Letter (the Facility Agency Fee).