Common use of Commitment Commission; Fees Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Diamond S Shipping Inc.), Credit Agreement (Diamond S Shipping Inc.)

AutoNDA by SimpleDocs

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 Commitment Termination Date computed at a per annum rate equal to 3540% of the Applicable Margin on in respect of the daily Unutilized Revolving Loan undrawn Total Commitments in each case, of such Non-Defaulting Lender. The accrued Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date, Date and on the Maturity Date and(or, if earlier, the date on upon which all Revolving Loan the Commitments are terminated in fullterminated).

Appears in 1 contract

Samples: Credit Agreement (Athena Spinco Inc.)

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 Revolving Loan Commitment Termination Date computed at a per annum rate equal to 3540% of the Applicable Margin on the daily Unutilized Revolving Loan Commitments Commitment, in each case, of such Non-Defaulting Lender. The accrued Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date, Date and on the Maturity Revolving Loan Commitment Termination Date and(or, if earlier, the date on upon which all Revolving Loan the Total Commitments are terminated in fullterminated).

Appears in 1 contract

Samples: Credit Agreement (Athena Spinco Inc.)

AutoNDA by SimpleDocs

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 3540% of the Applicable Margin on of the daily Unutilized Revolving Loan Commitments Commitment, in each case, of such Non-Defaulting Lender. The accrued Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date, Date and on the Maturity Date and(or, if earlier, the date on upon which all Revolving Loan the Total Commitments are terminated in fullterminated).

Appears in 1 contract

Samples: Credit Agreement (Baltic Trading LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!