The Commitment Fee. The Borrower shall pay to the Administrative Agent, for the account of the Revolving Lenders in accordance with their Pro Rata Shares, from and after the Closing Date until the date on which the Aggregate Revolving Loan Commitment shall be terminated in whole, a commitment fee (the “Commitment Fee”) accruing at the rate of the then Applicable Fee Rate on the daily average Available Aggregate Revolving Loan Commitment (provided that, for purposes of determining the Commitment Fee, all outstanding Swing Line Loans shall be excluded from the calculation of the Available Aggregate Revolving Loan Commitment). All such Commitment Fees payable hereunder shall be payable quarterly in arrears on each Payment Date; provided that if any Revolving Lender continues to have Outstanding Revolving Credit Exposure after the termination of its Revolving Loan Commitment, then the Commitment Fee shall continue to accrue and be due and payable pursuant to the terms hereof until such Outstanding Revolving Credit Exposure is reduced to zero.
The Commitment Fee. In addition to certain fees described in subsections (i) and (j) of Section 2.03, the Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a commitment fee equal to (i) 0.25% multiplied by the average daily amount by which the Aggregate Commitments exceed the Total Outstandings if such average daily excess amount over the most recently ended Quarterly Accounting Period as a percentage of the Aggregate Commitments is less than 50% or (ii) 0.375% multiplied by the average daily amount by which the Aggregate Commitments exceed the Total Outstandings if such average daily excess amount over the most recently ended Quarterly Accounting Period as a percentage of the Aggregate Commitments is greater than or equal to 50%; provided that the commitment fee shall be 0.375% for the period prior to the first Adjustment Date. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the tenth Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the Restatement Effective Date, and on the last day of the Availability Period.
The Commitment Fee. At the Closing, the Borrowers shall pay a commitment fee to the Lender in the amount of $50,000.00.
The Commitment Fee. In addition to certain fees described in subsections (i) and (j) of Section 2.03, the Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a commitment fee equal to (x) from the Second Restatement Effective Date until the end of the first full Fiscal Quarter ended after the Second Restatement Effective Date, 0.375% per annum and (x) thereafter (i) 0.25% per annum multiplied by the average daily amount by which the Aggregate Commitments exceed the Total Outstandings if such average daily excess amount over the most recently ended Fiscal Quarter as a percentage of the Aggregate Commitments is less than 65% or (ii) 0.375% per annum multiplied by the average daily amount by which the Aggregate Commitments exceed the Total Outstandings if such average daily excess amount over the most recently ended Fiscal Quarter as a percentage of the Aggregate Commitments is equal to or greater than 65%. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the first day of each April, July, October and January, commencing with the first such date to occur after the Second Restatement Effective Date, and on the last day of the Availability Period.
The Commitment Fee. A Commitment Fee of $100,000 is due and payable by the Company to the Investor at the time the parties sign this Agreement.
The Commitment Fee. At Closing, the Company shall pay Investor, or its designee, a commitment fee equal to 1% of the equity line amount.
The Commitment Fee. In addition to certain fees described in subsections (i) and (j) of Section 2.03, the Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a commitment fee equal to (i) 1.25% per annum multiplied by the average daily amount by which the Aggregate Commitments exceed the Total Outstandings if such average daily excess amount over the most recently ended Fiscal Quarter as a percentage of the Aggregate Commitments is less than or equal to 50% or (ii) 1.00% per annum multiplied by the average daily amount by which the Aggregate Commitments exceed the Total Outstandings if such average daily excess amount over the most recently ended Fiscal Quarter as a percentage of the Aggregate Commitments is greater than 50%. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the first day of each April, July, October and January, commencing with the first such date to occur after the Effective Date, and on the last day of the Availability Period.
The Commitment Fee. The Borrower agrees to pay to the Administrative Agent, for the respective accounts of the Lenders, on the last day of each calendar quarter of each year, commencing with the first such day after the Effective Date, and on the Commitment Termination Date, a fee (the "Commitment Fee") computed by applying (i) the applicable percentage per annum set forth below based on the Debt/EBITDA Ratio on each day during the then-ending quarter (or shorter period ending with the Commitment Termination Date) (it being understood that measurement of the Debt/EBITDA as of any Measurement Date is sufficient for this purpose) to (ii) the Available Commitment on such day: Commitment Fee Percentage Debt/EBITDA Ratio Per Annum ----------------- ------------------------- 4.00 or greater 0.350% 3.50 or greater, but less than 4.00 0.300 3.00 or greater, but less than 3.50 0.250 2.50 or greater, but less than 3.00 0.225 2.00 or greater, but less than 2.50 0.175 Less than 2.00 0.125 Prior to the date of final determination of EBITDA for the fiscal quarter of the Borrower to end on November 28, 1998, the Commitment Fee percentage per annum shall not be less than 0.250%."
The Commitment Fee. The Borrower hereby agrees that the Borrower shall pay to the Exit Loan Agent, on the Effective Date, the aggregate sum of $300,000 (the “Commitment Fee”), which sum is to be paid from the proceeds of the Exit Loan.
The Commitment Fee. The Borrower agrees to pay to the Administrative Agent, for the respective accounts of the Lenders, on the last day of each calendar quarter of each year, commencing with the first such day after the Effective Date, and on the Revolving Credit Commitment Termination Date (or other date on which the Commitment shall terminate), a fee (the "Commitment Fee") computed by applying (i) the applicable Commitment Fee percentage per annum set forth below (such applicable Commitment Fee being based on the fraction of the Total Commitment that is undrawn) to (ii) the average portion of the Total Commitment undrawn during the calendar quarter: Average Portion of Commitment Fee Total Commitment Undrawn -------------- ------------------------ 1.25% >=2/3 1.00% >=1/3>2/3 0.75% <1/3
