Common use of Annual Administrative Fee Clause in Contracts

Annual Administrative Fee. The Borrowers agree to pay to the Administrative Agent, for its own account, an annual administrative fee in an amount equal to $35,000 per annum from and including the Closing Date to and including the later of (i) the Maturity Date and (ii) the date on which all of the Obligations have been satisfied in full. Such administrative fee shall be payable yearly in advance, commencing on April 11, 2001.

Appears in 2 contracts

Samples: Credit Agreement (Fibernet Telecom Group Inc\), Credit Agreement (Fibernet Telecom Group Inc\)

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Annual Administrative Fee. The From and after the Closing Date, the Borrowers agree to pay to the Administrative Agent, for its own accountsole benefit, an annual administrative agent fee in an the amount equal to of $35,000 per annum from and including the Closing Date to and including the later of (i) the Maturity Date and (ii) the date on which all of the Obligations have been satisfied in full100,000.00. Such administrative fee shall be payable yearly in advancetwelve (12) equal installments of $8,333.303 each, commencing which installments shall be due and payable on April 11, 2001each Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Brookdale Senior Living Inc.)

Annual Administrative Fee. The Borrowers agree Borrower agrees to pay to the Administrative Agent, for its own account, Agent an annual administrative fee payable in advance on February 15, 1997 and on each anniversary thereof, in an amount equal to $35,000 per annum from and including the Closing Date to and including greater of (x) 0.1% multiplied by the later sum of (i) the Maturity Date and Revolving Loan Commitments, (ii) the date on which all outstanding principal amount of Term Loans A, (iii) the Obligations have been satisfied in full. Such administrative fee shall be payable yearly in advance, commencing on April 11, 2001Tranche A Term Loan Exposure and (iv) the Tranche B Term Loan Exposure and (y) $50,000.

Appears in 1 contract

Samples: Credit Agreement (CFP Holdings Inc)

Annual Administrative Fee. The Borrowers agree Borrower agrees to pay to the Administrative Agent, for its own account, Agent an annual administrative fee payable in advance on February 15, 1997 and on each anniversary thereof, in an amount equal to $35,000 per annum from and including the Closing Date to and including greater of (x) 0.1% multiplied by the later sum of (i) the Maturity Date and Revolving Loan Commitments and, (ii) the date on which all outstanding principal amount of the Obligations have been satisfied in full. Such administrative fee shall be payable yearly in advanceTerm Loans, commencing on April 11, 2001and (y) $50,000.

Appears in 1 contract

Samples: Credit Agreement (CFP Holdings Inc)

Annual Administrative Fee. The Borrowers agree to Borrower shall pay to the Administrative Agent, for its own account, Agent an annual administrative fee in an amount equal to $35,000 75,000 per annum from and including the Closing Date to and including the later of (i) the Term Loan B Maturity Date and (ii) the date on which all of the Obligations have been satisfied in fullDate. Such administrative fee shall be payable yearly in advance, commencing on April 11, 2001the Closing Date and thereafter on each anniversary of the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Switch & Data, Inc.)

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Annual Administrative Fee. The Borrowers agree to Borrower shall pay to the Administrative Agent, for its own account, Agent an annual administrative fee in an amount equal to $35,000 50,000 per annum from and including the Closing Date to and including the later of (i) the Term Loan Maturity Date and (ii) the date on which all of the Obligations have been satisfied in fullDate. Such administrative fee shall be payable yearly in advance, commencing on April 11, 2001the Closing Date and thereafter on each anniversary of the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Switch & Data, Inc.)

Annual Administrative Fee. The In consideration of Bank's syndication of the Commitments and service as Agent hereunder, Borrowers agree shall be jointly and severally obligated to pay to the Administrative Agent for Agent, for its 's own account, account an annual administrative fee in an amount equal to of $35,000 75,000, per annum from and including the Closing Date to and including the later of (i) the Maturity Date and (ii) the date on year, which all of the Obligations have been satisfied in full. Such administrative fee shall be payable yearly on the Closing Date and on each anniversary of the date of this Agreement (or on the date of payment in advancefull of the Obligations upon termination of the Commitments, commencing if on April 11, 2001a date other than an anniversary date).

Appears in 1 contract

Samples: Loan and Security Agreement (Integrated Electrical Services Inc)

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