Commitment Fee and Upfront Fee. (a) The Borrower shall pay to the Administrative Agent for the accounts of the Revolving Lenders a commitment fee (the “Commitment Fee”) for the period commencing on the Revolver Availability Date (or such other date agreed by the Borrower and the Revolving Lenders) and ending on the Revolving Facility Termination Date with respect to the applicable Revolving Commitments or the earlier date of termination of the applicable Revolving Commitment, computed (on the basis of the actual number of days elapsed over a year of 360 days) at the Commitment Fee Rate on the average daily Unused Total Revolving Commitment. Such Commitment Fee, to the extent then accrued, shall be payable quarterly in arrears (a) following the Revolver Availability Date on the last Business Day of each March, June, September and December, (b) on the Revolving Facility Termination Date with respect to the applicable Revolving Commitments and (c) as provided in Section 2.11, upon any reduction or termination in whole or in part of the Total Revolving Commitment. (b) The Borrower shall pay on the Revolver Availability Date to each Revolving Lender as of such date, an upfront fee (the “Upfront Fee”) to be agreed between the Borrower and the Revolving Lenders.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (American Airlines Inc), Credit and Guaranty Agreement (American Airlines Inc)
Commitment Fee and Upfront Fee. (a) The Borrower Co-Borrowers shall pay to the Administrative Agent for the accounts of the Revolving Lenders a commitment fee (the “Commitment Fee”) for the period commencing on the Revolver Availability Closing Date (or such other date agreed by the Borrower and the Revolving Lenders) and ending on to the Revolving Facility Termination Date with respect to the applicable Revolving Commitments or the earlier date of termination of the applicable Revolving Commitment, computed (on the basis of the actual number of days elapsed over a year of 360 days) at the Commitment Fee Rate on the average daily Unused Total Revolving Commitment. Such Commitment Fee, to the extent then accrued, shall be payable quarterly in arrears (a) following the Revolver Availability Date on the last Business Day of each March, June, September and December, (b) on the Revolving Facility Termination Date with respect to the applicable Revolving Commitments Commitments, and (c) as provided in Section 2.112.11 hereof, upon any reduction or termination in whole or in part of the Total Revolving Commitment.
(b) The Borrower Co-Borrowers shall pay on the Revolver Availability Closing Date to each Revolving Lender as of such date, an upfront fee (the “Original Upfront Fee”) in an amount equal to be agreed between 1.00% of the Borrower amount of such Lender’s Existing Revolving Commitment. The Co-Borrowers shall pay on the Third Amendment Effective Date an upfront fee (the “2014 Upfront Fee” and together with the Original Upfront Fee, the “Up Front Fees”) (i) to each Revolving Lenders.Lender holding a 2014 Revolving Commitment as of such date, in an amount equal to (i) 1.00% of the amount of such Revolving Lender’s 2014 Revolving Commitment and (ii) to each Revolving Lender holding a 2014 Extended Revolving Commitment as of such date in an amount equal to 0.15% of the amount of such Revolving Lender’s 2014 Extended Revolving Commitment as of such date
Appears in 1 contract
Samples: Credit and Guaranty Agreement (United Airlines, Inc.)
Commitment Fee and Upfront Fee. (a) The Borrower shall pay to the Administrative Agent for the accounts of the Revolving Lenders a commitment fee (the “Commitment Fee”) for the period commencing on the Revolver Availability Date (or such other date agreed by the Borrower and the Revolving Lenders) and ending on the Revolving Facility Termination Date with respect to the applicable Revolving Commitments or the earlier date of termination of the applicable Revolving Commitment, computed (on the basis of the actual number of days elapsed over a year of 360 days) at the Commitment Fee Rate on the average daily Unused Total Revolving Commitment. Such Commitment Fee, to the extent then accrued, shall be payable quarterly in arrears (a) following the Revolver Availability Date on the last Business Day of each March, June, September and December, (b) on the Revolving Facility Termination Date with respect to the applicable Revolving Commitments and (c) as provided in Section 2.11, upon any reduction or termination in whole or in part of the Total Revolving CommitmentCommitment (provided that such fee will be prorated for the fiscal quarter in which the Sixth Amendment Effective Date occurs based on the Commitment Fee set forth in the Fourth Amendment or Fifth Amendment, as applicable for the fiscal quarter in which the Fourthherein prior to the Sixth Amendment Effective Date or Fifthand from and after the Sixth Amendment Effective Date, as applicable, occurs).
(b) The Borrower shall pay on the Revolver Availability Date to each Revolving Lender as of such date, an upfront fee (the “Upfront Fee”) to be agreed between the Borrower and as set forth in the Revolving LendersLenders Fee Letter, dated as of the Fourth Amendment Effective Date.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (American Airlines, Inc.)
Commitment Fee and Upfront Fee. (a) The Borrower shall pay to the Administrative Agent for the accounts of the Revolving Lenders a commitment fee (the “Commitment Fee”) for the period commencing on the Revolver Availability Closing Date (or such other date agreed by the Borrower and the Revolving Lenders) and ending on to the Revolving Facility Termination Date with respect to the applicable Revolving Commitments or the earlier date of termination of the applicable Revolving Commitment, computed (on the basis of the actual number of days elapsed over a year of 360 days) at the Commitment Fee Rate on the average daily Unused Total Revolving Commitment. Such Commitment Fee, to the extent then accrued, shall be payable quarterly in arrears (a) following the Revolver Availability Date on the last Business Day of each March, June, September and December, (b) on the Revolving Facility Termination Date with respect to the applicable Revolving Commitments and (c) as provided in Section 2.11, upon any reduction or termination in whole or in part of the Total Revolving CommitmentCommitment (provided that such fee will be prorated for the fiscal quarter in which the Eighth Amendment Effective Date occurs based on the Commitment Fee set forth in the or Sixth Amendment, as applicable for the fiscal quarter in which the Fifthherein prior to the Eighth Amendment Effective Date or Sixthand from and after the Eighth Amendment Effective Date, as applicable, occurs).
(b) The Borrower shall pay on the Revolver Availability Date to each Revolving Lender as of such date, an upfront fee (the “Upfront Fee”) in an amount equal to be agreed between 1.0% of the Borrower and amount of such Xxxxxx’s Revolving Commitment (if any) on the Revolving LendersClosing Date.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (American Airlines, Inc.)