Commitment Commission. The Borrower shall pay to the Agent Commitment Commission in Dollars at the Commission Rate on any undrawn and uncancelled part of the Facility. The Commitment Commission will accrue from day to day on the basis of a 360 day year and the actual number of days elapsed and shall be paid quarterly in arrears from 30 September 2006 until the Commitment Termination Date with a pro rata payment being due and payable on the Commitment Termination Date.
Appears in 2 contracts
Samples: Loan Facility Agreement, Loan Facility Agreement (Teekay Offshore Partners L.P.)
Commitment Commission. The Borrower Borrowers shall pay to the Agent Commitment Commission in Dollars at the Commission Rate rate of twenty two point five basis points (22.5bps) per annum on any undrawn and uncancelled part of the Facility. The Commitment Commission will accrue from day to day on the basis of a 360 day year and the actual number of days elapsed and shall be paid quarterly in arrears from 30 September 2006 the Execution Date until the Commitment Termination Date with a pro rata payment being due and payable on the Commitment Termination Date.
Appears in 2 contracts
Samples: Secured Reducing Revolving Loan Facility Agreement, Secured Reducing Revolving Loan Facility Agreement (Teekay LNG Partners L.P.)
Commitment Commission. The Borrower Borrowers shall pay to the Agent Commitment Commission in Dollars at the Commission Rate rate of twenty one basis points (21 bps) on any undrawn and uncancelled part of the Facility. The Commitment Commission will accrue from day to day on the basis of a 360 day year and the actual number of days elapsed and shall be paid quarterly in arrears from 30 September 2006 the Execution Date until the Commitment Termination Date with a pro rata payment being due and payable on the Commitment Termination Date.
Appears in 1 contract
Samples: Secured Reducing Revolving Loan Facility Agreement (Teekay Shipping Corp)
