Administrative Agent Fee Letter. The Company shall pay to the Administrative Agent for its own account the fees in the amounts and at the times specified in the Administrative Agent Fee Letter. Such fees shall be fully earned when paid and shall be non-refundable for any reason whatsoever; provided, however, that the Company shall be entitled to receive from the Administrative Agent the prorated amount of the administrative agent fee for any applicable year if the Administrative Agent should voluntarily resign in such year.
Appears in 3 contracts
Samples: Credit Agreement, Credit Agreement (Teledyne Technologies Inc), Credit Agreement (Teledyne Technologies Inc)
Administrative Agent Fee Letter. The Company Borrower shall pay to BAS and the Administrative Agent for its their own account the respective accounts fees in the amounts and at the times specified in the Administrative Agent Fee Letter. Such fees shall be fully earned when paid and shall be non-refundable for any reason whatsoever; provided, however, that the Company Borrower shall be entitled to receive from the Administrative Agent the prorated amount of the administrative agent fee for any applicable year if the Administrative Agent should voluntarily resign in such year.
Appears in 2 contracts
Samples: Credit Agreement (Teledyne Technologies Inc), Credit Agreement (Teledyne Technologies Inc)
Administrative Agent Fee Letter. The Company shall pay to the Administrative Agent for its own account the fees in the amounts and at the times specified in the Administrative Agent Fee Letter. Such fees shall be fully earned when paid and shall be non-refundable non‑refundable for any reason whatsoever; provided, however, that the Company shall be entitled to receive from the Administrative Agent the prorated amount of the administrative agent fee for any applicable year if the Administrative Agent should voluntarily resign in such year.
Appears in 2 contracts
Samples: Credit Agreement (Teledyne Technologies Inc), Credit Agreement (Teledyne Technologies Inc)
Administrative Agent Fee Letter. The Company Borrower shall pay to BAS and the Administrative Agent for its their own account the respective accounts fees in the amounts and at the times specified in the Administrative Agent Fee Letter. Such fees shall be fully earned when paid and shall be non-refundable for any reason whatsoever; provided, however, that the Company Borrower shall be entitled to receive from the Administrative Agent the prorated amount of the administrative agent fee for any applicable year if the Administrative Agent should voluntarily resign in such year.
Appears in 1 contract