Common use of Commitment Fees and Other Fees Clause in Contracts

Commitment Fees and Other Fees. (a) The Borrower ------------------------------ agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of September 1998) prior to the Commitment Termination Date and on the Commitment Termination Date, an aggregate fee (the "Commitment Fees") of .5 of 1% per annum, computed on the basis of the actual --------------- number of days elapsed during the preceding period or quarter over a year of 365/366 days, as the case may be, on the average daily amount by which such Lender's Revolving Credit Commitment, as such Revolving Credit Commitment may be reduced in accordance with the provisions of this Credit Agreement, exceeds the sum of the principal balance of such Lender's outstanding Revolving Credit Loans plus its Percentage of L/C Exposure during the preceding period or quarter. (b) The Commitment Fees shall commence to accrue from the Closing Date. (c) The Borrower agrees to pay to the Administrative Agent on the Closing Date any and all other fees that are then due and payable pursuant to the Fee Letter. (d) In addition, the Borrower agrees to pay to the Administrative Agent for the account of each Lender on the Closing Date any and all other fees that are then due and payable as described in the Term Sheet included in the Confidential Information Memorandum dated June 1998.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Artisan Entertainment Inc)

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Commitment Fees and Other Fees. (a) The Borrower ------------------------------ agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of September 1998December 1999) prior to the later of the Revolving Credit Commitment Termination Date and the Interest Loan Commitment Termination Date and on the Commitment Termination Datelater thereof, an aggregate fee (the "Unused ------ Commitment FeesFee") of .5 1/2 of 1% per annum, computed on the basis of the actual --------------- -------------- number of days elapsed during the preceding period or quarter over a year of 365/366 days, as the case may be, on the average daily amount by which such Lender's Revolving Credit Commitment, as such Revolving Credit Commitment may be reduced in accordance with the provisions of this Credit Agreement, exceeds the sum of the principal balance of such Lender's outstanding Revolving Credit Loans plus its Percentage of L/C Exposure during the preceding period or quarter. Subsequent to the Revolving Credit Termination Date, the Unused Commitment Fee shall be calculated on the basis of the available but unused revolving credit commitment calculated pursuant to the proviso in Section 2.1(c). (b) The Unused Commitment Fees Fee shall commence to accrue from the Closing Date. (c) The Borrower agrees to pay to the Administrative Agent on the Closing Date any and all other fees that are then due and payable pursuant to the Fee Letter. (d) In addition, the Borrower agrees to pay to the Administrative Agent for the account of each Lender on the Closing Date any and all other fees that are then due and payable as described in the Term Sheet included in the Confidential Information Memorandum dated June 1998April 1999.

Appears in 1 contract

Samples: Credit and Security Agreement (Artisan Entertainment Inc)

Commitment Fees and Other Fees. (a) The Borrower ------------------------------ agrees Borrowers agree to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of September 1998December 1996) prior to the Commitment Termination Date and on the Commitment Termination Date, an aggregate fee (the "Commitment FeesCOMMITMENT FEES") of .5 .3750 of 1% per annum, computed on the basis of the actual --------------- number of days elapsed during the preceding period or quarter over a year of 365/366 360 days, as the case may be, on the average daily amount by which such Lender's Revolving Credit Commitment, as such Revolving Credit Commitment may be reduced in accordance with the provisions of this Credit Agreement, exceeds the sum of the principal balance of such Lender's outstanding Revolving Credit Loans plus its Percentage of L/C Exposure during the preceding period or quarter. (b) The Commitment Fees shall commence to accrue from the Closing Date. (c) The Borrower agrees In addition, the Borrowers agree to pay to each of the Lenders (including the Administrative Agent) on the Closing Date a one-time fee in an amount equal to 3/4 of 1% of its Commitment in consideration of such Lender's commitment to participate in the Credit Agreement. (d) In addition, the Borrowers agree to pay to the Administrative Agent for the account of each Lender a fee ("SPECIAL PRODUCTION TRANCHE FEE") computed at 1/4 of 1% of the Budgeted Negative Cost (including interest accrued through Completion and delivery of the items of Product) of each item of Product which is funded under the Special Production Tranche. (e) In addition, the Borrowers agree to pay to the Administrative Agent on the Closing Date any and all other fees that are then due and payable pursuant to the Fee Letter. (d) In addition, the Borrower agrees to pay to the Administrative Agent for the account of each Lender on the Closing Date any and all other fees that are then due and payable as described in the Term Sheet included in the Confidential Information Memorandum dated June 1998.

Appears in 1 contract

Samples: Credit, Security, Guaranty and Pledge Agreement (Trimark Holdings Inc)

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Commitment Fees and Other Fees. (a) The Borrower ------------------------------ RRI agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender on the last Business Day of each Marchcalendar month (beginning April, June, September and December 2003) in each year (commencing on the last Business Day of September 1998) prior to the Final Maturity Date, on the date of any termination or reduction of the Total Revolving Credit Commitment Termination Date (as provided in Section 2.10(f)), and on the Commitment Termination Final Maturity Date, an aggregate a fee (the "Revolver Commitment Fee" and collectively, for all the Revolving Credit Lenders, the "Revolver Commitment Fees") of .5 of 10.50% per annum, annum (computed on the basis of the actual --------------- number of days elapsed during the preceding period or quarter over a year of 365/366 360 days, as the case may be, ) on the average actual daily amount during the preceding period by which such Revolving Credit Lender's Revolving Credit Commitment, Commitment (as such Revolving Credit Commitment may be reduced modified in accordance with the provisions of this Credit Agreement, exceeds ) exceeded the sum of (i) the principal balance product of such Revolving Credit Lender's Revolving Credit Percentage and the Revolver L/C Exposure, and (ii) the aggregate principal amount of such Revolving Credit Lender's outstanding Revolving Credit Loans plus its Percentage of L/C Exposure during the preceding period or quarterLoans. (b) The Commitment Fees shall commence to accrue from Each of the Closing Date. (c) The Borrower agrees to pay to the Administrative Agent on the Closing Date any Credit Parties, jointly and all other fees that are then due and payable pursuant to the Fee Letter. (d) In additionseverally, the Borrower agrees to pay to the Administrative Agent for the account of each Senior Priority Lender on the Closing Date last Business Day of each calendar month (beginning April, 2003) in each year prior to the Senior Priority Maturity Date, on the date of any and all other fees that are then due and payable termination or reduction of the Total Senior Priority Commitment (as described in the Term Sheet included in the Confidential Information Memorandum dated June 1998.provided in

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Reliant Resources Inc)

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