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 on the face amount of each Letter of Credit in an amount per annum equal to the then Applicable Margin, determined in accordance with Section 3.1(b). Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Golf Trust of America Inc), Credit Agreement (Golf Trust of America Inc)

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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 letter of credit commission on the face amount of with respect to each Letter of Credit in an amount per annum equal to the Applicable Margin then Applicable Margin, determined in accordance with Section 3.1(b)effect for LIBOR Rate Loans on a per annum basis on the 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 Revolving Credit Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Condor Technology Solutions Inc), 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 on the face amount of with respect to each Letter of Credit in an amount per annum equal to the then product of (i) the face amount of such Letter of Credit TIMES (ii) an annual percentage equal to the Applicable Margin, determined Margin with respect to LIBOR Rate Loans in accordance with Section 3.1(b)effect on the issuance date. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Healthplan Services Corp)

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 on the face amount of with respect to each Letter of Credit in an amount per annum equal to the then Applicable Margin, determined in accordance with Section 3.1(b)product of (i) the face amount of such Letter of Credit times (ii) 2.50% per annum. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Planvista Corp)

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 on the face amount of with respect to each Letter of Credit in an amount per annum equal to the then face amount of such Letter of Credit multiplied by the Applicable Margin, Margin (determined in accordance with Section 3.1(bon a per annum basis). Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Revolving Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Gt Interactive Software Corp)

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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 letter of credit commission on the face amount of with respect to each outstanding Letter of Credit in an amount per annum equal to the then Applicable Margin, determined in accordance with Section 3.1(b)Margin at the time of issuance of such Letter of Credit on a per annum basis on the 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 Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Access Financial Solutions Inc)

Commissions and Other Charges. (a) 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 on the face amount of with respect to each outstanding Letter of Credit in an amount per annum equal to the then Applicable Margin, determined in accordance with Section 3.1(b)Margin at the time of issuance of such Letter of Credit on a per annum basis on the 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 Termination Date.

Appears in 1 contract

Samples: Credit Agreement (JLG Industries Inc)

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