Common use of Commissions and Other Charges Clause in Contracts

Commissions and Other Charges. (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to the Applicable Margin with respect to LIBOR Rate Loans in effect on the date of issuance of such Letter of Credit. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Maturity Date.

Appears in 3 contracts

Samples: Credit Agreement (Performance Food Group Co), Credit Agreement (Performance Food Group Co), Credit Agreement (Performance Food Group Co)

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Commissions and Other Charges. (a) The Borrower Borrowers shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a an annual letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to the Applicable Margin with respect to LIBOR Rate Loans in effect on and (ii) the date of issuance face amount of such Letter of Credit. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar fiscal quarter of the Borrowers and on the Maturity Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Cornerstone Realty Income Trust Inc), Credit Agreement (Cornerstone Realty Income Trust Inc)

Commissions and Other Charges. (a) The Borrower Borrowers shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to the Applicable Margin with respect to LIBOR Rate Loans in effect on the date of issuance of such Letter of Credit. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Revolving Credit Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Duratek Inc), Credit Agreement (GTS Duratek Inc)

Commissions and Other Charges. (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to the Applicable Margin with respect to LIBOR Rate Loans in effect per annum on the date of issuance face amount of such Letter of Credit. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Maturity Revolving Credit Termination Date.

Appears in 1 contract

Samples: Unconditional Guaranty Agreement (Quintiles Transnational Corp)

Commissions and Other Charges. (a1) The Borrower Borrowers shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission fee with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to the Applicable Margin with respect to for LIBOR Rate Loans in effect on the date of issuance of such Letter of CreditCredit on a per annum basis multiplied by the face amount of such Letter of Credit as then in effect. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Maturity Revolving Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Wilmar Industries Inc)

Commissions and Other Charges. (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to the Applicable Margin with respect to LIBOR Rate Loans in effect during the Revolving Credit Period (on a per annum basis) on the date face amount of issuance of each such Letter of Credit. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Maturity Revolving Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Rare Hospitality International Inc)

Commissions and Other Charges. (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to on the face amount of each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to the Applicable Margin with respect to for LIBOR Rate Loans as in effect on the date of issuance of such Letter of Creditfrom time to time. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar fiscal quarter of the Borrower and on the Maturity Revolving Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Texfi Industries Inc)

Commissions and Other Charges. (a) The Borrower Borrowers shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to ----- the Applicable Margin with respect to LIBOR Rate Loans in effect on the date of issuance of such Letter of Credit. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (GTS Duratek Inc)

Commissions and Other Charges. (a) The Borrower Borrowers shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a an annual letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to the Applicable Margin with respect to LIBOR Rate Loans in effect on and (ii) the date of issuance face amount of such Letter of Credit. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar fiscal quarter of the Borrowers and on the Maturity Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Cornerstone Realty Income Trust Inc)

Commissions and Other Charges. (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to multiplied by the Applicable Margin with respect to for LIBOR Rate Loans in effect (determined on the date of issuance of such Letter of Credita per annum basis). Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Maturity Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Mindspring Enterprises Inc)

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Commissions and Other Charges. (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to multiplied by the Applicable Margin with respect to for LIBOR Rate Loans in effect (determined on the date of issuance of such Letter of Credita per annum basis). Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Maturity Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Insignia Esg Holdings Inc)

Commissions and Other Charges. (a) The Borrower Borrowers shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to the Applicable Margin with respect to then in effect for Revolving Credit Loans which are LIBOR Rate Loans in effect on a per annum basis on the date of issuance stated amount of such Letter of Credit. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Maturity Revolving Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Choice One Communications Inc)

Commissions and Other Charges. (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission fee with respect to each Letter of Credit in an amount equal to the product of (i) a per annum fee equal to the Applicable Margin in effect with respect to LIBOR Rate Loans as set forth in Section 4.1(c) and (ii) the face amount of such Letter of Credit times (ii) an annual percentage equal to the Applicable Margin with respect to LIBOR Rate Loans in effect on the date of issuance of such Letter of Credit. Such commission fee shall be payable quarterly in arrears on the last Business Day of each calendar fiscal quarter of the Borrower and on the Maturity Revolving Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Corrections Corporation of America)

Commissions and Other Charges. (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount per annum equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to the Applicable Margin with respect to LIBOR Rate Loans in effect (on a per annum basis) and (ii) the date of issuance face amount of such Letter of Credit. Such letter of credit commission shall be payable quarterly in arrears on the last Business Day of each calendar fiscal quarter of the Borrower and on the Maturity Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Corestaff Inc)

Commissions and Other Charges. (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to multiplied by the Applicable Margin with respect to for LIBOR Rate Loans in effect (determined on the date of issuance of such Letter of Credita per annum basis). Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Insignia Financial Group Inc /De/)

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