Arrangement Fee — Commitment Fee Sample Clauses
Arrangement Fee — Commitment Fee. (a) The Borrower shall pay an arrangement fee to the Bank in the amount of $25,000 upon execution of this Agreement.
(b) The Borrower shall pay to the Bank a commitment fee computed at the rate of 3/8 of 1% per annum on the daily average amount by which the Commitment exceeds the aggregate outstanding principal amount of the Loans. For purposes of this Section 2.6(b), the "Commitment" shall be deemed to be $50,000,000. Such commitment fee shall accrue from and including March 14, 1991 to but excluding the Termination Date and shall be payable quarterly on the last day of each March, June, September and December and upon the date of termination of the Commitment in its entirety.
Arrangement Fee — Commitment Fee. As an inducement for the Bank to enter into this Agreement the Borrower shall pay to the Bank:
(a) on or before the date hereof an arrangement fee in an amount equal to 0.20% of the amount of the Commitment; and
(b) in arrears on each of the dates falling at three monthly intervals after the date hereof until the earlier of (a) the last day of the Availability Period (b) the Drawdown Date of the Advance second to occur and (c) the date of cancellation of the Commitment in full by the Borrower (the “Commitment Commission Period”) commitment commission at the rate of zero point two zero (0.20%) percent per annum on the daily undrawn and uncancelled amount of the Commitment, computed from the date hereof (in the case of the first payment of commission) and from the date of the preceding payment of commission (in the case of each subsequent payment) until the last day of the Commitment Commission Period. The arrangement fee and commitment commission referred to in this Clause 10.8 are not refundable and shall be payable by the Borrower to the Bank whether or not any part of the Commitment is ever advanced.
Arrangement Fee — Commitment Fee. (a) The Borrowers shall pay, or as the case may be, have paid to the Bank on the date hereof a non-refundable arrangement fee in the sum of Three hundred thousand Dollars ($300,000) being equivalent to 0.20% of the Commitment payable on the first Drawdown Date.
(b) The Borrowers shall pay to the Bank on each of the dates falling at three monthly intervals after the date of acceptance of the Commitment Letter i.e. 6.05.2008 until the last day of the Availability Period (or if earlier on the Drawdown Date last to occur), commitment commission for the account of the Bank computed from the date of acceptance of the Commitment Letter in the case of the first payment of commission) and from the date of the preceding payment of commission (in the case of each subsequent payment) at the rate of 0.20% per annum on the daily undrawn and uncancelled amount of the Commitment. The arrangement fee and commitment commission referred to in this Clause 10.10 shall be payable by the Borrowers to the Bank whether or not any part of the Commitment is ever advanced.