Commitment Fees. The Borrower shall pay to the Administrative Agent, for the account of each Revolving Lender, a commitment fee which shall accrue at the applicable Commitment Fee Rate on the daily average amount of the Unused Amount plus the Swingline Exposure. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Date and on the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Date.
Appears in 3 contracts
Samples: Credit Agreement (Black Stone Minerals, L.P.), Credit Agreement (Black Stone Minerals, L.P.), Credit Agreement (Black Stone Minerals, L.P.)
Commitment Fees. The Borrower shall agrees to pay to the Administrative Agent, Agent for the account of each Revolving Lender, Lender a commitment fee which shall accrue at in an amount equal to the applicable product of the Applicable Commitment Fee Rate on times the daily average unused amount of such Lender’s Commitment during the Unused Amount plus period from and including the Swingline ExposureEffective Date to but excluding the date on which such Lender’s Commitment terminates. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Payment Date thereafter and on the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Maturity Date.
Appears in 3 contracts
Samples: Credit Agreement (Cimarex Energy Co), Credit Agreement (Cimarex Energy Co), Credit Agreement (Cimarex Energy Co)
Commitment Fees. The Borrower shall agrees to pay to the Administrative Agent, Agent for the account of each Revolving Lender, Bank a commitment fee which shall accrue for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed at the applicable Commitment Fee Rate on the average daily average amount of the Unused Amount plus Available Commitment of such Bank during the Swingline Exposure. Accrued commitment fees shall be period for which payment is made, payable quarterly in arrears on each Quarterly Date and Payment Date, commencing on the earlier of first such date to occur after the date the Aggregate Maximum Credit Amounts are terminated or the Termination Datehereof.
Appears in 3 contracts
Samples: Credit Agreement (Istar Inc.), Credit Agreement (Istar Financial Inc), Credit Agreement (Istar Inc.)
Commitment Fees. The In consideration of each Lender’s commitment to make Loans, Borrower shall will pay to the Administrative Agent, Agent for the account of each Revolving Lender, Lender a commitment fee which shall accrue at determined on a daily basis by applying the applicable Commitment Fee Rate on the daily average amount to such Lender’s Percentage Share of the Unused Amount plus Borrowing Base determined at the Swingline Exposureend of each day during the Commitment Period. Accrued This commitment fees fee shall be due and payable quarterly in arrears on the last day of each Quarterly Date Fiscal Quarter and on at the earlier end of the date the Aggregate Maximum Credit Amounts are terminated or the Termination DateCommitment Period.
Appears in 3 contracts
Samples: Credit Agreement (Vantage Energy Inc.), Credit Agreement (Vantage Energy Inc.), Credit Agreement (Vantage Energy Inc.)
Commitment Fees. The Borrower shall pay to the Administrative Agent, for the account of each Revolving Lender, a commitment fee which shall accrue at the applicable Commitment Fee Rate on the daily average amount of the Unused Amount plus the Swingline ExposureAmount. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Date and on the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Date.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (Black Stone Minerals, L.P.)
Commitment Fees. The Borrower shall pay to the Administrative Agent, for the account ratable benefit of each Revolving Lenderthe Lenders, a commitment fee which shall accrue at the applicable Commitment Fee Rate of one-half of one percent (1/2 of 1%) per annum, calculated daily on the daily average actual number of days the Commitments are outstanding on the amount of the aggregate Unused Amount plus Commitment of the Swingline Exposure. Accrued Lenders in effect from time to time, such commitment fees shall fee to be payable quarterly in arrears on each Quarterly Payment Date and on the earlier upon termination of the date the Aggregate Maximum Credit Amounts are terminated or the Termination DateCommitments.
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Commitment Fees. The Borrower shall agrees to pay to the Administrative Agent, Agent for the account of each Revolving Lender, Lender a commitment fee which shall accrue at in the applicable Commitment Fee Rate amount of the Applicable Percentage on the daily average amount unused portion of such Lender's Commitment (which unused portion includes the unissued portion of the Unused Amount plus Facility L/C Commitment) from the Swingline Exposure. Accrued commitment fees shall be date hereof to and including the Termination Date, payable quarterly in arrears on each Quarterly Payment Date hereafter and on the earlier of Termination Date (the date the Aggregate Maximum Credit Amounts are terminated or the Termination Date"Commitment Fee").
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Commitment Fees. The Borrower shall agrees to pay to the Administrative Agent, Agent for the account of each Revolving Lender, Lender a commitment fee which shall accrue at a per annum rate equal to the applicable Commitment Fee Rate Applicable Margin for commitment fees on the actual daily average amount Unused Commitment Amount of such Lender, from the Unused Amount plus date of this Agreement until the Swingline ExposureCommitment Termination Date. Accrued The commitment fees shall be due and payable quarterly in arrears on the last day of each Quarterly Date March, June, September, and December commencing on March 31, 2011 and continuing thereafter through and including the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Commitment Termination Date.
Appears in 1 contract
Commitment Fees. The Borrower shall agrees to pay to the Administrative Agent, Agent for the account of each Revolving Lender, Lender a commitment fee which shall accrue for the period from and including the Effective Date to the last day of the Revolving Commitment Period, computed at the applicable Commitment Fee Rate on the average daily average amount of the Unused Amount plus Available Revolving Commitment of such Lender during the Swingline Exposure. Accrued commitment fees shall be period for which payment is made, payable quarterly in arrears on each Quarterly Date and Fee Payment Date, commencing on the earlier of first such date to occur after the date the Aggregate Maximum Credit Amounts are terminated or the Termination Effective Date.
Appears in 1 contract
Samples: Credit Agreement (Kadant Inc)
Commitment Fees. The Borrower shall agrees to pay to the Administrative Agent, Agent for the account of each Revolving Lender, Bank a commitment fee which shall accrue for the period from and including the Closing Date, computed at the applicable Commitment Fee Rate on the average daily average amount of the Unused Amount plus Available Commitment of such Bank during the Swingline Exposure. Accrued commitment fees shall be period for which payment is made, payable quarterly in arrears on the last day of each Quarterly Date March, June, September and December and on the earlier Termination Date, commencing on the first of such dates to occur after the date the Aggregate Maximum Credit Amounts are terminated or the Termination Datehereof.
Appears in 1 contract
Samples: Revolving Credit Agreement (Globalstar Telecommunications LTD)
Commitment Fees. The Borrower shall agrees to pay to the Administrative Agent, Agent for the account of each Revolving Lender, Credit Lender a commitment fee which shall accrue for the period from and including the date hereof to the last day of the Revolving Credit Commitment Period, computed at the applicable Commitment Fee Rate on the average daily average amount of the Unused Amount plus Available Revolving Commitment of such Lender during the Swingline Exposure. Accrued commitment fees shall be period for which payment is made, payable quarterly in arrears on each Quarterly Date and Fee Payment Date, commencing on the earlier of first such date to occur after the date the Aggregate Maximum Credit Amounts are terminated or the Termination Datehereof.
Appears in 1 contract
Samples: First Lien Credit Agreement (SRAM International Corp)
Commitment Fees. The Borrower shall agrees to pay to the Administrative Agent, Agent for the account of each Revolving Lender, Lender a commitment fee which shall accrue at (the applicable “Commitment Fee Rate Fees”) on the average daily average amount unused portion of the Unused Amount plus Commitment Amount, for the Swingline Exposure. Accrued commitment fees shall be payable quarterly in arrears period commencing on each Quarterly the Effective Date and on continuing through the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Closing Date, as set forth in this Section 3.3.
Appears in 1 contract
Commitment Fees. The Borrower shall pay to the Administrative Agent, for the account of each Revolving Lender, a commitment fee which shall accrue at the applicable Commitment Fee Rate rate of 0.5% on the daily average amount of the Unused Amount plus the Swingline ExposureAmount. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Date and on the earlier of the date the Aggregate Maximum Credit Amounts and Surety LC Commitment are terminated or the Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Eex Corp)
Commitment Fees. The Borrower Borrowers shall pay to the Administrative Agent, Agent for the account of each Revolving Lender, a commitment fee which shall accrue (the “Commitment Fee”) for each day at a rate per annum equal to the applicable Applicable Commitment Fee Rate with respect to the undrawn portion of the Commitments for such day. The Commitment Fee shall accrue from and including the Effective Date to but excluding the Closing Date on the daily average amount of the Unused Amount plus the Swingline Exposure. Accrued commitment fees each Lender’s Commitment and shall be due and payable quarterly in arrears on each Quarterly Date and on the earlier of the date Closing Date and the Aggregate Maximum Credit Amounts are terminated or termination of the Termination DateCommitments.
Appears in 1 contract
Samples: Senior Bridge Term Loan Credit Agreement (PPL Corp)
Commitment Fees. The Borrower From and after the Closing Date, the Borrowers shall pay commitment fees to the Administrative Agent, Agent for the ratable account of each Revolving Lender, a commitment fee which shall accrue at the applicable Lenders in amount equal to the Commitment Fee Rate on times the average daily average amount by which the Commitment exceeds the sum of the principal amount of the Unused Amount plus outstanding Loans and the Swingline ExposureLetter of Credit Usage. Accrued These commitment fees shall be payable quarterly in arrears on the last Business Day of each Quarterly Date Fiscal Quarter, upon any termination or reduction of the Commitment, and on the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Maturity Date.
Appears in 1 contract
Samples: Loan Agreement (Jakks Pacific Inc)
Commitment Fees. The Borrower shall pay to the Administrative Agent, Agent for the account of each Revolving Lender, Lender a commitment fee which shall accrue (the “Commitment Fee”) for each day at a rate per annum equal to the applicable Applicable Commitment Fee Rate for such day. The Commitment Fee shall accrue from and including the Effective Date to but excluding the Closing Date on the daily average amount of the Unused Amount plus the Swingline Exposure. Accrued commitment fees each Lender’s Commitment and shall be due and payable quarterly in arrears on each Quarterly Date and on the earlier of the date Closing Date and the Aggregate Maximum Credit Amounts are terminated or termination of the Termination DateCommitments.
Appears in 1 contract
Samples: Senior Bridge Term Loan Credit Agreement (PPL Corp)
Commitment Fees. The Borrower shall pay to the Administrative Agent, --------------- for the account of each Revolving Lender, a commitment fee which shall accrue at the applicable Commitment Fee Rate on the daily average amount of the Unused Amount plus the Swingline ExposureAmount. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Date and on the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Date.
Appears in 1 contract
Commitment Fees. The Borrower shall agrees to pay to the Administrative Agent, for distribution to each Lender in proportion to that Lender’s Pro Rata Share, commitment fees for the account period from and including the Closing Date to and excluding the Maturity Date equal to: the average of each the daily excess of the Revolving Lender, a commitment fee which shall accrue at Commitments over the applicable Revolving Usage multiplied by the Applicable Commitment Fee Rate on the daily average amount of the Unused Amount plus the Swingline ExposureRate. Accrued These commitment fees shall be payable quarterly in arrears on each Quarterly Payment Date and on the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Maturity Date.
Appears in 1 contract
Commitment Fees. The Borrower shall agrees to pay to the Administrative Agent, for the account ratable benefit of each Lender based upon each such Lender’s Revolving LenderFacility Percentage, as consideration for the Revolving Commitments of the Lenders, commitment fees in Dollars (the “Commitment Fees”) for the period from the Closing Date to, but not including, the Revolving Facility Termination Date applicable to each Class of Revolving Commitments, computed for each day at a commitment fee which shall accrue at rate per annum equal to (i) the applicable Applicable Commitment Fee Rate on the daily average amount of the Unused Amount plus the Swingline Exposure. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Date and on the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Date.times
Appears in 1 contract
Samples: Credit Agreement
Commitment Fees. The Borrower Borrowers shall pay to the Administrative Agent, for the account of each Revolving Lender, a commitment fee which shall accrue at the applicable Commitment Fee Rate on the daily average unused amount of such Lender's Commitment for each day from and including the Unused Amount plus Agreement Date to but excluding the Swingline Exposure. Accrued commitment fees shall be Maturity Date at the rate of .50% per annum, payable quarterly in arrears (i) on each Quarterly Date Payment Date, and (ii) on the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Maturity Date.
Appears in 1 contract
Samples: Credit Agreement (Genesis Eldercare Acquisition Corp)
Commitment Fees. The Borrower shall pay to the Administrative Agent, for the account of each Revolving Lender, a commitment fee which shall accrue at the applicable Commitment Fee Rate on the daily average amount of the Unused Amount plus the Swingline ExposureAmount. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Date and on the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Date.
Appears in 1 contract
Commitment Fees. The Borrower shall pay to the Administrative Agent, for the ratable account of each Revolving Lender, a commitment fee which shall accrue at fees (the applicable “Commitment Fee Rate Fees”), calculated on the average daily average amount of the Unused Amount plus Commitment at a per annum rate equal to the Swingline ExposureApplicable Margin for Commitment Fees. Accrued commitment fees The Commitment Fees shall accrue from and including the Closing Date to but excluding the Termination Date and shall be payable quarterly in arrears on each Quarterly Payment Date and on the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Avocent Corp)
Commitment Fees. The Borrower shall pay to the Administrative Agent, Agent for the account of the Lenders ratably in proportion to their Commitments a commitment fee calculated for each day at the rate of 0.05% per annum on the aggregate amount of the Commitments on such day. Such commitment fee shall accrue for the account of each Revolving Lender, a commitment fee which shall accrue at Lender from and including the applicable Commitment Fee Rate on the daily average amount of the Unused Amount plus the Swingline Exposure. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Effective Date and on to but excluding the earlier of the date the Aggregate Maximum Credit Amounts are terminated or Drawdown Date and the Termination Date, and shall be due and payable upon such earlier date.
Appears in 1 contract
Commitment Fees. The Borrower shall pay to the Administrative Agent, Agent for the account of each Revolving Lender, Bank a commitment fee which shall accrue at a rate per annum equal to the applicable Commitment Fee Rate (determined daily in accordance with the Pricing Schedule) on the daily average unused amount of its Commitment. Such commitment fees shall accrue from and including the Unused Amount plus Effective Date to but excluding the Swingline Exposuredate of termination of the Commitments in their entirety. Accrued commitment fees under this Section shall be payable quarterly in arrears on each Quarterly Date and on upon the earlier date of termination of the date the Aggregate Maximum Credit Amounts are terminated or the Termination DateCommitments in their entirety.
Appears in 1 contract
Commitment Fees. The Accruing from the date hereof until the Expiration Date, the Borrower shall agrees to pay to the Administrative Agent, Agent for the account of each Revolving LenderLender according to its Ratable Share, a nonrefundable commitment fee which shall accrue at (the applicable “Commitment Fee”) equal to the Applicable Commitment Fee Rate (computed on the daily average amount basis of the Unused Amount plus the Swingline Exposure. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Date and on the earlier a year of the date the Aggregate Maximum Credit Amounts are terminated 365 or the Termination Date.366 days, as the
Appears in 1 contract
Samples: Credit Agreement (Ii-Vi Inc)
Commitment Fees. The Borrower shall agrees to pay to the Administrative Agent, Agent for the account of each Revolving Lender, Lender a commitment fee which shall accrue at (the applicable “Commitment Fee Rate Fees”) on such Lender’s Percentage of the average daily unused portion of the Commitment Amount, for the period (including any portion thereof when its Commitment is suspended by reason of the Borrower’s inability to satisfy any condition of Article V) commencing on the daily average amount of the Unused Amount plus the Swingline Exposure. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Effective Date and on continuing through the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Commitment Termination Date, as set forth in this Section 3.3.
Appears in 1 contract
Commitment Fees. The Borrower shall pay to the Administrative Agent, for the account of each Revolving Lender, a commitment fee which shall accrue at the applicable Commitment Fee Rate on the daily average unused amount of such Lender's Commitment for each day from and including the Unused Amount plus Agreement Date to but excluding the Swingline Exposure. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Maturity Date and on at the earlier rate of the date the Aggregate Maximum Credit Amounts are terminated or the Termination Date0.5% per annum.
Appears in 1 contract
Samples: Credit Agreement (Genesis Eldercare Acquisition Corp)
Commitment Fees. The Borrower shall pay to the Administrative Agent, Agent for the account of each Revolving Lender, Lender a commitment fee fee, which shall accrue at the applicable Commitment Fee Rate Applicable Percentage per annum on the daily average amount of the Unused Amount plus unused Commitment of such Lender during the Swingline Exposureperiod from and including the Initial Availability Date to but excluding the Commitment Termination Date. Accrued Such commitment fees shall be payable quarterly in arrears on the last day of each Quarterly March, June, September and December, commencing on the first to occur after the Effective Date and on the earlier of the date the Aggregate Maximum Credit Amounts are terminated or the Commitment Termination Date.
Appears in 1 contract