Common use of Annual Administrative Fee Clause in Contracts

Annual Administrative Fee. During the term of the Loan, the Borrowers agree to pay Administrative Agent, for its sole benefit, an annual administrative agent fee in the amount of $100,000.00. Such fee shall be payable in twelve (12) equal installments of $8,333.303 each, which installments shall be due and payable on each Payment Date.

Appears in 2 contracts

Samples: Credit Agreement (Brookdale Senior Living Inc.), Credit Agreement (Brookdale Senior Living Inc.)

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Annual Administrative Fee. During the term of the Loan, the The Borrowers agree to pay to the Administrative Agent, for its sole benefitown account, an annual administrative agent fee in an amount equal to $35,000 per annum from and including the amount Closing Date to and including the later of $100,000.00(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 twelve (12) equal installments of $8,333.303 eachadvance, which installments shall be due and payable commencing on each Payment DateApril 11, 2001.

Appears in 2 contracts

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

Annual Administrative Fee. During The Borrower shall pay to the term of the Loan, the Borrowers agree to pay Administrative Agent, for its sole benefit, Agent an annual administrative agent fee in an amount equal to $75,000 per annum from and including the amount of $100,000.00Closing Date to and including the Term Loan B Maturity Date. Such administrative fee shall be payable yearly in twelve (12) equal installments of $8,333.303 eachadvance, which installments shall be due commencing on the Closing Date and payable thereafter on each Payment anniversary of the Closing Date.

Appears in 1 contract

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

Annual Administrative Fee. During The Borrower shall pay to the term of the Loan, the Borrowers agree to pay Administrative Agent, for its sole benefit, Agent an annual administrative agent fee in an amount equal to $50,000 per annum from and including the amount of $100,000.00Closing Date to and including the Term Loan Maturity Date. Such administrative fee shall be payable yearly in twelve (12) equal installments of $8,333.303 eachadvance, which installments shall be due commencing on the Closing Date and payable thereafter on each Payment anniversary of the Closing Date.

Appears in 1 contract

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

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Annual Administrative Fee. During the term of the Loan, the Borrowers agree Borrower agrees to pay to Administrative Agent, for its sole benefit, Agent an annual administrative agent fee payable in advance on February 15, 1997 and on each anniversary thereof, in an amount equal to the greater of (x) 0.1% multiplied by the sum of (i) the Revolving Loan Commitments and, (ii) the outstanding principal amount of Term Loans, and (y) $100,000.00. Such fee shall be payable in twelve (12) equal installments of $8,333.303 each, which installments shall be due and payable on each Payment Date50,000.

Appears in 1 contract

Samples: Credit Agreement (CFP Holdings Inc)

Annual Administrative Fee. During From and after the term of the LoanClosing Date, the Borrowers agree to pay Administrative Agent, for its sole benefit, an annual administrative agent fee in the amount of $100,000.00. Such fee shall be payable in twelve (12) equal installments of $8,333.303 each, which installments shall be due and payable on each Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Brookdale Senior Living Inc.)

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