Common use of Commitment Fee; Reductions in Aggregate Commitment Clause in Contracts

Commitment Fee; Reductions in Aggregate Commitment. (a) The Borrower agrees to pay to the Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily unused portion of Aggregate Commitment from the date hereof to and including the Facility Termination Date, payable quarterly in arrears on each Payment Date hereafter and on the Facility Termination Date.

Appears in 2 contracts

Samples: Assignment Agreement (Shaw Group Inc), Assignment Agreement (Shaw Group Inc)

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Commitment Fee; Reductions in Aggregate Commitment. (a) The Borrower agrees to pay to the Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily unused portion excess of the Aggregate Commitment over the Aggregate Outstanding Credit Exposure (other than Swing Line Loans) from the date hereof to and including the Facility Termination Date, payable quarterly in arrears on each Payment Date hereafter and on the Facility Termination Date.

Appears in 1 contract

Samples: Shaw Group Inc

Commitment Fee; Reductions in Aggregate Commitment. (a) The Borrower agrees Borrowers agree to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a rate per annum rate equal to the Applicable Fee Rate Margin on the average daily unused portion of Available Aggregate Commitment from the date hereof to and including the Facility Termination Date, payable quarterly in arrears on the last day of each Payment Date Fiscal Quarter hereafter and on the Facility Termination Date. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Assignment Agreement (Clayton Williams Energy Inc /De)

Commitment Fee; Reductions in Aggregate Commitment. (a) The Borrower agrees to pay to the Agent for the account of each Lender Lender, according to its Pro Rata Share Share, a commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily the unused portion of the Aggregate Commitment (without regard to any outstanding Swing Loans) from the date hereof to and including the Facility Termination Date, which commitment fee shall be payable quarterly in arrears on each Payment Date hereafter and on the Facility Termination Date.the

Appears in 1 contract

Samples: Credit Agreement (Miller Mechanical Contractors Inc)

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Commitment Fee; Reductions in Aggregate Commitment. (a) The Borrower agrees to pay to the Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily unused portion excess of the Aggregate Commitment over the Aggregate Outstanding Credit Exposure (other than Swing Line Loans) from the date hereof Restatement Effective Date to and including the Facility Termination DateDate applicable to such Lender, payable quarterly in arrears on each Payment Date hereafter and on the such Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Shaw Group Inc)

Commitment Fee; Reductions in Aggregate Commitment. (a) The Borrower agrees to pay to the Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily unused portion excess of the Aggregate Commitment over the Aggregate Outstanding Credit Exposure (other than Swing Line Loans) from the date hereof Effective Date to and including the Facility Termination Date, payable quarterly in arrears on each Payment Date hereafter and on the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Shaw Group Inc)

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