Commitment Commission; Fees. (a) The Borrower agrees to pay the Administrative Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Closing Date to and including the Maturity Date computed at a per annum rate equal to 35% of the Applicable Margin on the daily Unutilized Revolving Loan Commitments of such Non-Defaulting Lender. The accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date, the Maturity Date and, if earlier, the date on which all Revolving Loan Commitments are terminated in full.
Commitment Commission; Fees. (a) The Borrower agrees to pay the Administrative Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Closing Date to and including the Maturity Date computed at a per annum rate equal to 40% of the Applicable Margin on the daily Unutilized Revolving Loan Commitments of such Non-Defaulting Lender. The accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date and the maturity date.
Commitment Commission; Fees. (a) The Borrower agrees to pay the Administrative Agent for distribution to each Lender a commitment commission (the “Commitment Commission”) for the period from the Effective Date until the Availability Termination Date, computed at a rate for each day equal to 0.40% per annum on the daily average Unutilized Commitment of such Lender. Accrued Commitment Commission shall be due and payable quarterly in arrears on each Commitment Commission Payment Date and on the Availability Termination Date (or such earlier date upon which the unutilized Total Commitment is terminated).
Commitment Commission; Fees. (a) The Borrower agrees to pay the Administrative Agent for distribution to each Lender a commitment commission (the "Commitment Commission") for the period from the Initial Borrowing Date to and including the Maturity Date (or such earlier date as the Total Commitment shall have been terminated) computed at a rate for each day equal to 0.375% per annum on the daily average Unutilized Commitment of such Lender. Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date and on the Maturity Date (or such earlier date upon which the Total Commitment is terminated).
Commitment Commission; Fees. (a) The Borrower agrees to pay the Administrative Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Closing Date (or the Upsize Loan Commitment Date, as applicable) to and including the Commitment Termination Date computed at a per annum rate equal to 35% of the Applicable Margin for the relevant Tranche of the daily Total Initial Term Loan Commitments and Total Upsize Loan Commitments, as the case may be, in each case, of such Non-Defaulting Lender. Accrued Commitment Commission shall be due and payable in arrears on each Payment Date and on the Maturity Date (or, if earlier, the date upon which the Initial Term Loan Commitments and Upsize Loan Commitments, as applicable, are terminated).
Commitment Commission; Fees. (a) The Borrower agrees to pay the Administrative Agent for distribution to each Lender a commitment commission (the “Commitment Commission”) for the period from the from the Effective Date until the earlier of (i) the close of secondary syndication or (ii) September 30, 2007, computed at a rate for each day equal to 0.20% per annum on the daily average Unutilized Commitment of such Lender, and thereafter computed at a rate for each day equal to (x) 0.250% per annum until the Maturity Date on the daily average Unutilized Commitment of such Lender. Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date and on the Maturity Date (or such earlier date upon which the Total Commitment is terminated).
Commitment Commission; Fees. (a) The Borrower agrees to pay the Administrative Agent for distribution to each Non-Defaulting Lender who is a Vessel Loan Lender a commitment commission (the “Vessel Loan Commitment Commission”) for the period from the Closing Date until the earlier of (i) the Vessel Loan Termination Date and (ii) the date on which the Vessel Loan Credit Facility is fully drawn computed at a per annum rate equal to 40% of the Applicable Margin of the daily Vessel Loan Commitment, in each case, of such Non-Defaulting Lender who is a Vessel Loan Lender. Accrued Vessel Loan Commitment Commission shall be due and payable quarterly in arrears on each Payment Date (or, if earlier, the date upon which the Vessel Loan Credit Facility is terminated or fully drawn).
Commitment Commission; Fees. 14 3.02 Voluntary Termination of Unutilized Commitments.................15 3.03 Mandatory Reduction of Commitments..............................16
Commitment Commission; Fees. (a) The Borrower agrees to pay to the Lender a commission for opening and maintaining a loan account (the "Arrangement Fee") equal to 1.00% of the total amount of the Commitment (i.e., $30.0 million), (i) of which $30,000 shall be earned by, and payable to, the Lender within 40 calendar days after the Borrower accepts the Lender's offer of the Commitment; (ii) $150,000 shall be earned by, and payable to, the Lender within five calendar days after the Effective Date; and (c) the remaining $120,000 shall be due and payable by the Borrower on the Initial Borrowing Date, provided that if the Initial Borrowing Date does not occur, then such amount shall not be due and payable by the Borrower.
Commitment Commission; Fees. (a) The Borrower agrees to pay the Administrative Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Closing Date until the earlier of (i) Commitment Termination Date and (ii) the date on which the Credit Facility is fully drawn computed at a per annum rate equal to 40% of the Applicable Margin of the daily Commitment, in each case, of such Non-Defaulting Lender. Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date (or, if earlier, the date upon which the Credit Facility is terminated or fully drawn).