Common use of Credit Extension Fee Clause in Contracts

Credit Extension Fee. If the Revolving Termination Date is being extended in accordance with Section 2.13., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee for each such extension equal to seventy-five one-thousandths of one percent (0.075%) of the amount of such Lender’s Revolving Commitment (whether or not utilized). Such fee shall be due and payable in full on the effective date of such extension.

Appears in 4 contracts

Samples: Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co)

AutoNDA by SimpleDocs

Credit Extension Fee. If the Revolving Borrower exercises its right to extend the Termination Date is being extended in accordance with Section 2.13., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee for each such extension equal to seventy-five fifteen one-thousandths hundredths of one percent (0.0750.15%) of the amount of such Lender’s Revolving Commitment (whether or not utilized). Such fee shall be due and payable in full on concurrently with (and as a condition precedent to) the effective date effectiveness of such the requested extension.

Appears in 1 contract

Samples: Credit Agreement (Bre Properties Inc /Md/)

Credit Extension Fee. If the Revolving Termination Date is being extended in accordance with Section 2.132.12., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee for each such extension equal to seventy-five fifteen one-thousandths hundreths of one percent (0.0750.15%) of the amount of such Lender’s Revolving Commitment (whether or not utilized). Such fee shall be due and payable in full on the effective date of such extension.

Appears in 1 contract

Samples: Credit Agreement (DiamondRock Hospitality Co)

Credit Extension Fee. If the Revolving Termination Date is being extended in accordance with Section 2.132.11., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee for each such extension equal to seventy-five one-thousandths one quarter of one percent (0.0750.25%) of the amount of such Lender’s Revolving Commitment (whether or not utilized). Such fee shall be due and payable in full on the effective date of such extension.

Appears in 1 contract

Samples: Credit Agreement (DiamondRock Hospitality Co)

AutoNDA by SimpleDocs

Credit Extension Fee. If the Revolving Termination Date is being extended in accordance with Section 2.132.11., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee for each such extension equal to seventy-five one-thousandths half of one percent (0.0750.50%) of the amount of such Lender’s Revolving Commitment (whether or not utilized). Such fee shall be due and payable in full on the effective date of such extension.

Appears in 1 contract

Samples: Credit Agreement (DiamondRock Hospitality Co)

Credit Extension Fee. If the Revolving Termination Date is being extended in accordance with Section 2.132.12., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee for each such extension equal to seventy-five fifteen one-thousandths hundredths of one percent (0.0750.15%) of the amount of such Lender’s Revolving Commitment (whether or not utilized). Such fee shall be due and payable in full on the effective date of such extension.

Appears in 1 contract

Samples: Credit Agreement (DiamondRock Hospitality Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!