Common use of Commitment Commission Clause in Contracts

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 the rate for each relevant period set out in the table below for each day multiplied by the unutilized Commitment (and taking into account for this purpose the increase in the Commitment pursuant to the First Supplemental Agreement) for such day of such Non-Defaulting Lender divided by 360. Accrued Commitment Commission shall be due and payable quarterly in arrears on the first Business Day of each April, July, October and January commencing with January 2013 and on the Borrowing Date 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. Commitment Commission Applicable period [*]% p.a. Date of execution of this Agreement - October 15, 2013 [*]% p.a. October 16, 2013 - April 15, 2015

Appears in 3 contracts

Samples: Supplemental Agreement (Norwegian Cruise Line Holdings Ltd.), Supplemental Agreement (NCL CORP Ltd.), Second Supplemental Agreement (Norwegian Cruise Line Holdings Ltd.)

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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 Commitments shall have been terminated) computed at the rate for each relevant period set out in the table below for each day multiplied by the unutilized Commitment (and taking into account for this purpose the increase in the Commitment pursuant to the First relevant Supplemental AgreementAgreements) for such day of such Non-Defaulting Lender divided by 360. Accrued Commitment Commission shall be due and payable quarterly in arrears on the first Business Day of each April, July, October and January commencing with January 2013 October 2014 and on the Borrowing Date contemplated by Section 2.02(a)(vi) (or such earlier date upon which the Total Commitment is Commitments are terminated). No additional Commitment Commission shall be payable in respect of a Deferred Loan. Commitment Commission Applicable period [*]% p.a. Date of execution of this Agreement - October 1530, 2013 2017 [*]% p.a. October 1631, 2013 2017 - April 15October 30, 20152018 [*]% p.a. October 31, 2018 - Delivery Date

Appears in 2 contracts

Samples: Fourth Supplemental Agreement (Norwegian Cruise Line Holdings Ltd.), Third Supplemental 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 Commitments shall have been terminated) computed at the rate for each relevant period set out in the table below for each day multiplied by the unutilized Commitment (and taking into account for this purpose the increase in the Commitment pursuant to the First relevant Supplemental AgreementAgreements) for such day of such Non-Defaulting Lender divided by 360. Accrued Commitment Commission shall be due and payable quarterly in arrears on the first Business Day of each April, July, October and January commencing with January 2013 October 2014 and on the Borrowing Date contemplated by Section 2.02(a)(vi) (or such earlier date upon which the Total Commitment is Commitments are terminated). No additional Commitment Commission shall be payable in respect of a Deferred Loan. ​ -54- ​ ​ ​ Commitment Commission Applicable period [*]% p.a. Date of execution of this Agreement - October 1530, 2013 2017 [*]% p.a. October 1631, 2013 2017 - April 15October 30, 20152018 [*]% p.a. October 31, 2018 - Delivery Date ​ ​

Appears in 2 contracts

Samples: Sixth Supplemental Agreement (NCL CORP Ltd.), Sixth Supplemental 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 the rate for each relevant period set out in the table below for each day multiplied by the unutilized Commitment (and taking into account for this purpose the increase in the Commitment pursuant to the First Supplemental Agreement) for such day of such Non-Defaulting Lender divided by 360. Accrued Commitment Commission shall be due and payable quarterly in arrears on the first Business Day of each April, July, October and January commencing with January 2013 October 2014 and on the Borrowing Date 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. Commitment Commission Applicable period [*]% p.a. Date of execution of this Agreement - October 15April 18, 2013 2016 [*]% p.a. October 16April 19, 2013 2016 - April 1518, 20152017 [*]% p.a. April 19, 2017 - Delivery Date ​

Appears in 2 contracts

Samples: Fifth Supplemental Agreement (NCL CORP Ltd.), Fifth Supplemental 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 the rate for each relevant period set out in the table below for each day multiplied by the unutilized Commitment (and taking into account for this purpose the increase in the Commitment pursuant to the First Supplemental Agreement) for such day of such Non-Defaulting Lender divided by 360. Accrued Commitment Commission shall be due and payable quarterly in arrears on the first Business Day of each April, July, October and January commencing with January 2013 and on the Borrowing Date 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. Commitment Commission Applicable period [*]% p.a. Date of execution of this Agreement - October 15, 2013 [*]% p.a. October 16, 2013 - April 15, 20152015 [*]% p.a. April 16, 2015 - Delivery Date

Appears in 1 contract

Samples: Third Supplemental Agreement (Norwegian Cruise Line Holdings Ltd.)

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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 the rate for each relevant period set out in the table below for each day multiplied by the unutilized Commitment (and taking into account for this purpose the increase in the Commitment pursuant to the First Supplemental Agreement) for such day of such Non-Defaulting Lender divided by 360. Accrued Commitment Commission shall be due and payable quarterly in arrears on the first Business Day of each April, July, October and January commencing with January 2013 October 2014 and on the Borrowing Date 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. Commitment Commission Applicable period [*]% p.a. Date of execution of this Agreement - October 15April 18, 2013 [*]% p.a. October 16, 2013 - April 15, 20152016

Appears in 1 contract

Samples: Third Supplemental 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 Commitments shall have been terminated) computed at the rate for each relevant period set out in the table below for each day multiplied by the unutilized Commitment (and taking into account for this purpose the increase in the Commitment pursuant to the First relevant Supplemental AgreementAgreements) for such day of such Non-Defaulting Lender divided by 360. Accrued Commitment Commission shall be due and payable quarterly in arrears on the first Business Day of each April, July, October and January commencing with January 2013 October 2014 and on the Borrowing Date contemplated by Section 2.02(a)(vi) (or such earlier date upon which the Total Commitment is Commitments are terminated). No additional Commitment Commission shall be payable in respect of a Deferred Loan. Commitment Commission Applicable period [*]% p.a. Date of execution of this Agreement - October 1530, 2013 2017 [*]% p.a. October 1631, 2013 2017 - April 15October 30, 20152018 [*]% p.a. October 31, 2018 - Delivery Date ​

Appears in 1 contract

Samples: Credit Agreement (Norwegian Cruise Line Holdings Ltd.)

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