Commitment Commission. (a) The Borrower agrees to pay the Facility Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Effective Date to and including the Commitment Termination Date (or such earlier date as the Total Commitment shall have been terminated) computed at a rate for each day equal to 0.375 multiplied by the Applicable Margin multiplied by the Commitment for such day of such Non-Defaulting Lender divided by 360. Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date and on the Borrowing Date corresponding to the second Delivery Date to occur (or such earlier date upon which the Total Commitment is terminated).
Appears in 4 contracts
Samples: Credit Agreement (NCL CORP Ltd.), Credit Agreement (NCL CORP Ltd.), Credit Agreement (NCL CORP Ltd.)
Commitment Commission. (a) The Borrower agrees to pay the Facility Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Effective Date to and including the Commitment Termination Date (or such earlier date as the Total Commitment shall have been terminated) computed at a rate for each day equal to 0.375 [*] multiplied by the Applicable Margin multiplied by the Commitment for such day of such Non-Defaulting Lender divided by 360. Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date and on the Borrowing Date corresponding to the second Delivery Date to occur contemplated by Section 2.02(a)(vi) (or such earlier date upon which the Total Commitment is terminated). No additional Commitment Commission shall be payable in respect of a Deferred Loan.
Appears in 3 contracts
Samples: Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.)
Commitment Commission. (a) The Borrower agrees to pay the Facility Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Effective Date to and including the Commitment Termination Date (or such earlier date as the Total Commitment shall have been terminated) computed at a rate for each day equal to 0.375 [*] multiplied by the Applicable Margin multiplied by the Commitment for such day of such Non-Defaulting Lender divided by 360. (49) Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date and on the Borrowing Date corresponding to the second Delivery Date to occur contemplated by Section 2.02(a)(vi) (or such earlier date upon which the Total Commitment is terminated). No additional Commitment Commission shall be payable in respect of a Deferred Loan.
Appears in 2 contracts
Samples: Credit Agreement (NCL CORP Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.)
Commitment Commission. (a) The Borrower agrees to pay the Facility Administrative Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Effective Date to and including the Commitment Termination 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 0.40 multiplied by the Applicable Margin on such day multiplied by the daily average Unutilized Commitment for such day of such Non-Defaulting Lender divided by 360Lender. Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date and on the Borrowing Maturity Date corresponding to the second Delivery Date to occur (or such earlier date upon which the Total Commitment is terminated).
Appears in 2 contracts
Samples: Credit Agreement (NCL CORP Ltd.), Credit Agreement (NCL CORP Ltd.)
Commitment Commission. (a) The Borrower agrees to pay the Facility Administrative Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from commencing on the Restatement Effective Date to and including ending on the Commitment Termination Maturity Date (or such earlier date as the Total Commitment shall have been terminated) computed at a rate for each day per annum equal to 0.375 multiplied by the Applicable Margin multiplied by Commitment Commission Rate of the Commitment daily average Total Unutilized Commitment, as reflected in the financial statements for such day of such Non-Defaulting Lender divided by 360the most recently ended Test Period. Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Scheduled Commitment Reduction Date and on the Borrowing Maturity Date corresponding to the second Delivery Date to occur (or such earlier date upon which the Total Commitment is terminated).
Appears in 1 contract