Examples of Lender Fee Letter in a sentence
If, at any time prior to the two-year anniversary of the Closing Date, the Facility Amount is reduced in whole or in part at the option or election of the Borrower, the Borrower shall pay to the Collateral Agent (for the account of the Lenders on a pro rata basis), a prepayment fee in the amount set forth in the Lender Fee Letter; provided that no prepayment fee shall be owed in connection with the termination or reduction of Commitment of any Defaulting Lender.
On each Payment Date, the Borrower shall pay to the Collateral Agent (for the account of the Lenders on a pro rata basis) the Commitment Fee in the amount set forth in the Lender Fee Letter; provided that, the Borrower shall not be required to pay any Commitment Fee (i) during any period in which any Lender or the Administrative Agent suspends the obligation to make Advances pursuant to Section 2.11 or (ii) at any time to a Lender which is a Defaulting Lender.