ALLOCATION FEE. The Borrowers shall pay, in accordance with the Specified Percentages, the Operations Agent for the ratable benefit of the Banks an allocation fee (the "ALLOCATION FEE") in an amount equal to two and one-half (2-1/2) basis points (25/1000 of 1%) of the aggregate Commitments. The Allocation Fee shall be payable annually in advance on the date of this Agreement and on the effective date of any renewal of the Commitments pursuant to Article XIV hereof."
Appears in 4 contracts
Samples: Credit Agreement (Chile Fund Inc), Credit Agreement (Csam Income Fund), Credit Agreement (Emerging Markets Infrastructure Fund Inc)
ALLOCATION FEE. The Borrowers shall pay, in accordance with the Specified Percentages, the Operations Agent for the ratable benefit of the Banks on the date of this Agreement an allocation fee (the "ALLOCATION FEE") in an amount equal to two and one-half (2-1/2) basis points (25/1000 of 1%) of the aggregate Commitments. The Allocation Fee shall be payable annually in advance on the date of this Agreement and on the effective date of any renewal of the Commitments pursuant to Article XIV hereof."
Appears in 4 contracts
Samples: Credit Agreement (Indonesia Fund Inc), Credit Agreement (Chile Fund Inc), Credit Agreement (Latin America Investment Fund Inc)
