Commitment Fees; Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender which is not a Defaulting Lender a commitment fee for the period from and including the Closing Date to the last day of the Revolving Credit Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Credit Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on the last Business Day of each March, June, September and December and on the Revolving Credit Termination Date (or any earlier date of termination of the Revolving Credit Commitments), commencing on the first of such dates to occur after the Closing Date; provided that to the extent previously paid by the Borrower to the Administrative Agent, any such commitment fee owing to a Lender which is a Defaulting Lender shall be withheld by the Administrative Agent for so long as such Lender remains a Defaulting Lender. (b) The Borrower agrees to pay to the Agents and the Arrangers the fees in the amounts and on the dates agreed to in writing by the Borrower, the Agents and the Arrangers, as applicable, prior to the Restatement Funding Date. All such fees shall be paid on the dates due, in immediately available funds, to the Administrative Agent, the Collateral Agent or the Arrangers, as applicable. Once paid, none of such fees shall be refundable under any circumstances.
Appears in 7 contracts
Samples: Credit Agreement (B&G Foods, Inc.), Credit Agreement (B&G Foods, Inc.), Credit Agreement (B&G Foods, Inc.)
Commitment Fees; Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender which is not a Defaulting Lender a commitment fee for the period from and including the Closing Date to the last day of the Revolving Credit Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Credit Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on the last Business Day of each March, June, September and December and on the Revolving Credit Termination Date (or any earlier date of termination of the Revolving Credit Commitments), commencing on the first of such dates to occur after the Closing Date; provided that that, to the extent previously paid by the Borrower to the Administrative Agent, any such commitment fee owing feeowing to a Lender which is a Defaulting Lender shall be withheld by the Administrative Agent for so long as such Lender remains a Defaulting Lender.
(b) The Borrower agrees to pay to the Agents and the Arrangers the fees in the amounts and on the dates agreed to in writing by the Borrower, the Agents and the Arrangers, as applicable, prior to the Restatement Funding Date. .All such fees shall be paid on the dates due, in immediately available funds, to the Administrative Agent, the Collateral Agent or the Arrangers, as applicable. Once paid, none of such fees shall be refundable under any circumstances.
Appears in 1 contract
Samples: Credit Agreement (B&G Foods, Inc.)
Commitment Fees; Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender which is not a Defaulting Lender a commitment fee for the period from and including the Closing Date to the last day of the Revolving Credit Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Credit Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on the last Business Day of each March, June, September and December and on the Revolving Credit Termination Date (or any earlier date of termination of the Revolving Credit Commitments), commencing on the first of such dates to occur after the Closing Date; provided that to the extent previously paid by the Borrower to the Administrative Agent, any such commitment fee owing to a Lender which is a Defaulting Lender shall be withheld by the Administrative Agent for so long as such Lender remains a Defaulting Lender.
(b) The Borrower agrees to pay to the Agents and the Arrangers the fees in the amounts and on the dates agreed to in writing by the Borrower, the Agents and the Arrangers, as applicable, prior to the Restatement Funding Closing Date. All such fees shall be paid on the dates due, in immediately available funds, to the Administrative Agent, the Collateral Agent or the Arrangers, as applicable. Once paid, none of such fees shall be refundable under any circumstances.
Appears in 1 contract
Samples: Credit Agreement (B&G Foods, Inc.)
Commitment Fees; Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender which is not a Defaulting Lender a commitment fee for the period from and including the Closing Date to the last day of the Revolving Credit Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Credit Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on the last Business Day of each March, June, September and December and on the Revolving Credit Termination Date (or any earlier date of termination of the Revolving Credit Commitments), commencing on the first of such dates to occur after the Closing Date; provided that that, to the extent previously paid by the Borrower to the Administrative Agent, any such commitment fee owing to a Lender which is a Defaulting Lender shall be withheld by the Administrative Agent for so long as such Lender remains a Defaulting Lender.
(b) The Borrower agrees to pay to the Agents and the Arrangers the fees in the amounts and on the dates agreed to in writing by the Borrower, the Agents and the Arrangers, as applicable, prior to the Restatement Funding Closing Date. All such fees shall be paid on the dates due, in immediately available funds, to the Administrative Agent, the Collateral Agent or the Arrangers, as applicable. Once paid, none of such fees shall be refundable under any circumstances.
Appears in 1 contract
Samples: Credit Agreement (B&G Foods, Inc.)