Common use of Commitment Fees; Termination and Reductions Clause in Contracts

Commitment Fees; Termination and Reductions. In consideration of each Lender's Unused Commitment, the Company agrees to pay to the Agent for the account of each Lender a commitment fee (each a "Commitment Fee") (computed on the basis of the actual number of days elapsed in a year composed of 360 days) in an amount equal to the product of (A) the Applicable Commitment Fee Percentage in effect for the period for which the Commitment Fee is being computed times (B) such Lender's Unused Commitment. The Commitment Fee shall be due and payable in arrears on the last Business Day of each March, June, September and December prior to the Maturity Date and on the Maturity Date, with each Commitment Fee to commence as of the date hereof and to be effective as to any reduction in the Commitment or change in the Applicable Commitment Fee Percentage as of the date of any such decrease or change, and each Commitment Fee shall cease to accrue (except with respect to past due interest on any unpaid portion thereof) on the Maturity Date. All past due Commitment Fees shall bear interest at the Past Due Rate and shall be payable upon demand by the Agent. The Aggregate Commitment may be permanently terminated or reduced as follows, which such reductions shall be applied pro rata:

Appears in 1 contract

Samples: Million Revolving Credit Agreement (Whole Foods Market Inc)

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Commitment Fees; Termination and Reductions. In consideration of each Lender's ’s Unused Commitment, the Company agrees to pay to the Agent for the account of each Lender a commitment fee (each a "Commitment Fee") (computed on the basis of the actual number of days elapsed in a year composed of 360 days) in an amount equal to the product of (A) the Applicable Commitment Fee Percentage in effect for the period for which the Commitment Fee is being computed times (B) such Lender's ’s Unused Commitment. The Commitment Fee shall be due and payable in arrears on the last Business Day of each March, June, September and December prior to the Maturity Date and on the Maturity Date, with each Commitment Fee to commence as of the date hereof and to be effective as to any reduction in the Commitment or change in the Applicable Commitment Fee Percentage as of the date of any such decrease or change, and each Commitment Fee shall cease to accrue (except with respect to past due interest on any unpaid portion thereof) on the Maturity Date. All past due Commitment Fees shall bear interest at the Past Due Rate and shall be payable upon demand by the Agent. The Aggregate Commitment may be permanently terminated or reduced as follows, which such reductions shall be applied pro rata:

Appears in 1 contract

Samples: Security Agreement (Whole Foods Market Inc)

Commitment Fees; Termination and Reductions. In consideration of each Lender's Unused Bank’s Commitment, the Company agrees to pay to the Agent for the account of each Lender Bank a commitment fee (each a "Commitment Fee") (computed on the basis of the actual number of days elapsed in a year composed of 360 days, subject to the terms of Section 9.6 hereof) in an amount equal to the product of (A) the Applicable Commitment Fee Percentage in effect for the period for which the Commitment Fee is being computed times (B) such Lender's Bank’s Unused Commitment. The Commitment Fee shall be due and payable in arrears on the last Business Day of each March, June, September and December prior to the Maturity Date and on the Maturity Date, with each Commitment Fee to commence as of the date hereof and to be effective as to any reduction in the Commitment or change in the Applicable Commitment Fee Percentage as of the date of any such decrease or change, and each Commitment Fee shall cease to accrue (except with respect to past due interest on any unpaid portion thereof) on the Maturity Date. All past due Commitment Fees shall bear interest at the Past Due Rate and shall be payable upon demand by the Agent. The Aggregate Commitment may be permanently terminated or reduced as follows, which such reductions shall be applied pro rataprorata:

Appears in 1 contract

Samples: Credit Agreement (Whole Foods Market Inc)

Commitment Fees; Termination and Reductions. In consideration of each LenderBank's Unused Commitment, the Company agrees to pay to the Agent for the account of each Lender Bank a commitment fee (each a "Commitment Fee") (computed on the basis of the actual number of days elapsed in a year composed of 360 days, subject to the terms of Section 9.6 hereof) in an amount equal to the product of (A) the Applicable Commitment Fee Percentage in effect for the period for which the Commitment Fee is being computed times (B) such LenderBank's Unused Commitment. The Commitment Fee shall be due and payable in arrears on the last Business Day of each March, June, September and December prior to the Maturity Date and on the Maturity Date, with each Commitment Fee to commence as of the date hereof and to be effective as to any reduction in the Commitment or change in the Applicable Commitment Fee Percentage as of the date of any such decrease or change, and each Commitment Fee shall cease to accrue (except with respect to past due interest on any unpaid portion thereof) on the Maturity Date. All past due Commitment Fees shall bear interest at the Past Due Rate and shall be payable upon demand by the Agent. The Aggregate Commitment may be permanently terminated or reduced as follows, which such reductions shall be applied pro rataprorata:

Appears in 1 contract

Samples: Credit Agreement (Whole Foods Market Inc)

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Commitment Fees; Termination and Reductions. In consideration of each Lender------------------------------------------- Bank's Unused Commitment, the Company agrees to pay to the Agent for the account of each Lender Bank a commitment fee (each a "Commitment Fee") (computed on the basis of -------------- the actual number of days elapsed in a year composed of 360 days, subject to the terms of Section 9.6 hereof) in an amount equal to the product of (A) the ----------- Applicable Commitment Fee Percentage in effect for the period for which the Commitment Fee is being computed times (B) such LenderBank's Unused Commitment. The ----- Commitment Fee shall be due and payable in arrears on the last Business Day of each March, June, September and December prior to the Maturity Date and on the Maturity Date, with each Commitment Fee to commence as of the date hereof and to be effective as to any reduction in the Commitment or change in the Applicable Commitment Fee Percentage as of the date of any such decrease or change, and each Commitment Fee shall cease to accrue (except with respect to past due interest on any unpaid portion thereof) on the Maturity Date. All past due Commitment Fees shall bear interest at the Past Due Rate and shall be payable upon demand by the Agent. The Aggregate Commitment may be permanently terminated or reduced as follows, which such reductions shall be applied pro rataprorata:

Appears in 1 contract

Samples: Credit Agreement (Whole Foods Market Inc)

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