Common use of Commitment fee a Clause in Contracts

Commitment fee a. The Borrower shall pay to the Agent (for the account of each Lender) a fee in USD computed at a rate per annum equal to 40% of the Margin, calculated on each Lender's Available Commitment under the Facilities, from the date of this Agreement to the earlier of: (i) the expiry of all Availability Periods; or (ii) the date on which both Facilities have been cancelled in whole.

Appears in 1 contract

Samples: Facilities Agreement (Flex LNG Ltd.)

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Commitment fee a. The Borrower Borrowers shall pay to the Agent (for the account of each Lender) a fee in USD computed at a rate per annum equal to 40% of the Margin, zero point seventy-five per cent. (0.75%) calculated on each Lender's Available Commitment under the Facilities, from the date of this Agreement to the earlier of: (i) the expiry of all Availability Periods; or (ii) the date on which both all Facilities have been cancelled in whole.

Appears in 1 contract

Samples: Facilities Agreement (Flex LNG Ltd.)

Commitment fee a. The Borrower shall pay to the Agent (for the account of each Lender) a fee in USD computed at a rate per annum equal to 40% thirty-five per cent. (35.00%) of the Margin, Margin calculated on each Lender's Available Commitment under the FacilitiesFacility, from the date of this Agreement to the earlier of: (i) the expiry of all Availability Periods; or (ii) the date on which both Facilities have all Facility has been cancelled in whole.

Appears in 1 contract

Samples: Facility Agreement (Flex LNG Ltd.)

Commitment fee a. The Borrower shall pay to the Agent (for the account of each Lender) a fee in USD computed at a rate per annum equal to 40% thirty-five per cent. (35.00%) of the Margin, Margin calculated on each Lender's Available Commitment under the FacilitiesFacility, from the date of this Agreement to the earlier of: (i) the expiry of all the Availability PeriodsPeriod; or (ii) the date on which both Facilities have been cancelled in whole.or

Appears in 1 contract

Samples: Facility Agreement (Flex LNG Ltd.)

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Commitment fee a. The Borrower shall pay to the Agent (for the account of each Lender) a fee in USD computed at a rate per annum equal to forty per cent. (40% %) of the Margin, calculated on each Lender's Available Commitment under the Facilities, from the date of this Agreement to the earlier of: (i) the expiry of all Availability Periods; or (ii) the date on which both Facilities have been cancelled in whole.

Appears in 1 contract

Samples: Facilities Agreement (Flex LNG Ltd.)

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