Common use of Upfront Fees Clause in Contracts

Upfront Fees. On the Closing Date, Borrower shall pay to the Administrative Agent, for the account of each Lender, a non-refundable upfront fee in amount equal to (a) the amount of that Lender’s Pro Rata Share, times (b) a percentage based on the principal amount of the Commitments which such Lender extended a written offer to Borrower to assume (without regard to the Pro Rata Share actually allocated to such Lender), as set forth in the Fee Letter with BAS and the Administrative Agent.

Appears in 2 contracts

Samples: Loan Agreement (Mohegan Tribal Gaming Authority), Loan Agreement (Mohegan Tribal Gaming Authority)

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Upfront Fees. On the Closing Date, Borrower shall pay to the Administrative Agent, for the account ratable accounts of each Lender, a non-refundable upfront fee in amount equal the Lenders pro rata according to (a) the amount of that Lender’s their respective Pro Rata ShareShares, times (b) a percentage based on upfront fees in the principal amount of the Commitments which such Lender extended a written offer to Borrower to assume (without regard to the Pro Rata Share actually allocated to such Lender), as amounts set forth in the Fee Letter a letter agreement with BAS and the Administrative Agent. The Administrative Agent shall promptly pay the Lenders their portion of the upfront fees. The upfront fees received by each Lender are solely for its own account and are nonrefundable.

Appears in 2 contracts

Samples: Loan Agreement (Station Casinos Inc), Loan Agreement (Station Casinos Inc)

Upfront Fees. On the Closing Date, Borrower shall pay to the Administrative Agent, for the account of each Lenderthe Revolving Lenders in accordance with their respective Pro Rata Shares, a non-refundable upfront fee fees in an aggregate amount equal to (a) the amount of that Lender’s Pro Rata Share, times (b) a percentage based on the principal amount 0.50% of the Commitments which such Lender extended a written offer to Borrower to assume (without regard to the Pro Rata Share actually allocated to such Lender), as set forth in the Fee Letter with BAS and the Administrative AgentAggregate Commitment Amount.

Appears in 1 contract

Samples: Credit Agreement (Midstates Petroleum Company, Inc.)

Upfront Fees. On the Closing Date, Borrower shall pay to the Administrative Agent, for the account ratable accounts of each Lender, a non-refundable upfront fee in amount equal the Lenders pro rata according to (a) the amount of that Lender’s their respective Pro Rata ShareShares, times (b) a percentage based on upfront fees in the principal amount of the Commitments which such Lender extended a written offer to Borrower to assume (without regard to the Pro Rata Share actually allocated to such Lender), as amounts set forth in the Fee Letter a letter agreement with BAS and the Administrative Agent and each Co-Agent. The Administrative Agent shall promptly pay the Lenders their portion of the upfront fees. The upfront fees received by each Lender are solely for its own account and are nonrefundable.

Appears in 1 contract

Samples: Reducing Revolving Loan Agreement (Station Casinos Inc)

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Upfront Fees. On the Closing Date, Borrower the Borrowers shall pay to the Administrative Agent, Agent for the account of the Lenders upfront fees in the amounts set forth in a fee letter of even date herewith between the Administrative Agent and the Company. The Administrative Agent has advised each Lender, a non-refundable upfront fee in amount equal to (a) Lender of the amount of that Lender’s rate at which such fees shall be paid upon its allocated Pro Rata Share, times (b) a percentage based on the principal amount of the Commitments which such Lender extended a written offer to Borrower to assume (without regard to the Pro Rata Share actually allocated to such Lender), as set forth in the Fee Letter with BAS . The upfront fees are fully earned when due and the Administrative Agentare not refundable under any circumstances.

Appears in 1 contract

Samples: Loan Agreement (Jakks Pacific Inc)

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