Definition of Term Loan Commitment Fee


Term Loan Commitment Fee means the fees payable to Agent for distribution to Term Loan Banks pursuant to Section 4.14 hereof.
Sample 1

Examples of Term Loan Commitment Fee in a sentence

The Delayed Draw Term Loan Commitment Fee shall accrue at all times commencing March 31, 2016 through the end of the Availability Period, including at any time during which one or more of the conditions in Article 4.03 is not met, and shall be due and payable on the earlier of the Heartland Acquisition Closing Date and the last day of the Availability Period.
The Term Loan Commitment Fee shall be (i) paid in arrears by the Borrower to the Administrative Agent for the account of each Lender pro rata, on each Quarterly Date during the Term Loan Availability Period and on the Maturity Date, as applicable, and (ii) calculated on the basis of a year of 360 days for the actual number of days elapsed.
The amount of the Term Loan Commitment Fee is set forth in Section 2.11 hereof.
The accrued Term Loan Commitment Fee shall be payable in arrears on each Quarterly Date.
Borrower hereby agrees to pay Agent, for the account of each Lender, a commitment fee (the Delayed Draw Term Loan Commitment Fee) in an aggregate amount equal to 1.00% of the amount set forth beside such Lenders name on Schedule C-2 to the Credit Agreement (as amended hereby), which Delayed Draw Term Loan Commitment Fee shall be fully earned, non-refundable and due and payable in full on the Sixth Amendment Effective Date.