CAPEX Loan Commitment Fee Clause Samples
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CAPEX Loan Commitment Fee. The Borrower shall pay to the Administrative Agent, for the ratable account of the Lenders according to their CapEx Loan Percentages, a commitment fee (the “CapEx Loan Commitment Fee”) in an amount equal to the aggregate undrawn CapEx Loan Commitment multiplied by one half of one percent (0.50%) per annum. The CapEx Loan Commitment Fee provided in this subsection 2.13(f) shall be payable monthly in arrears on the first day of each calendar month (commencing on the first such date occurring after the Restatement Effective Date) at all times from and after the Restatement Effective Date until the CapEx Loan Commitment Termination Date.
CAPEX Loan Commitment Fee. The US Borrower shall pay to the Agent for distribution to the Lenders, pro-rata in accordance with their respective Percentages in the CAPEX Loan, the CAPEX Loan Commitment Fees, quarterly in arrears commencing January 1, 2019, and on the first day of each calendar quarter thereafter (in respect of the prior three months or any portion thereof). The CAPEX Loan Commitment Fees payable to each Lender shall be determined by multiplying the average daily amount by which such Lender’s CAPEX Loan Commitment Amount exceeds the sum of such Lender’s Percentage of the aggregate principal amount of CAPEX Loan Advances outstanding from time to time during such period by the Applicable Margin. Such fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of such fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Upon receipt of such payment, Agent shall make prompt payment to each Lender of its share thereof.