Common use of Duration Fee Clause in Contracts

Duration Fee. As part of the consideration for each Lender’s Commitment hereunder, the Borrower shall pay to the Designated Agent for the account of each Lender a duration fee on each date set forth below in an amount equal to the percentage set forth opposite such date of the aggregate principal amount of Advances held by such Lender on such date: DATE PERCENTAGE 90 days after the Closing Date 0.50% 180 days after the Closing Date 0.75% 270 days after the Closing Date 1.00%

Appears in 2 contracts

Samples: 364 Day Bridge Credit Agreement (TWDC Enterprises 18 Corp.), 364 Day Bridge Credit Agreement (Walt Disney Co)

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Duration Fee. As part of the consideration for each Lender’s Commitment hereunder, the The Borrower shall will pay to the Designated Agent for the account of each Lender a non-refundable duration fee fees (the “Duration Fees”) on each date set forth below in an amount equal to the percentage set forth opposite such date of the aggregate principal amount of Advances and undrawn Commitments held by such Lender on such date: DATE PERCENTAGE Duration Fees 90 days after the Closing Date 180 days after the Closing Date 270 days after the Closing Date 0.50% 180 days after the Closing Date 0.75% 270 days after the Closing Date 1.00%

Appears in 2 contracts

Samples: Bridge Credit Agreement (Twenty-First Century Fox, Inc.), Bridge Credit Agreement

Duration Fee. As part of the consideration for each Lender’s Commitment hereunder, the Borrower shall will pay to the Designated Administrative Agent for the account of each Lender (subject to Section 2.19(a)(ii)) a duration fee on each date set forth below in an amount equal to the percentage set forth opposite such date of the aggregate principal amount of Advances and undrawn Commitments held by such Lender on such date: DATE PERCENTAGE 90 days after the Closing Date 0.50% 180 days after the Closing Date 0.75% 270 days after the Closing Date 1.00%

Appears in 2 contracts

Samples: Bridge Credit Agreement (Takeda Pharmaceutical Co LTD), Bridge Credit Agreement (Takeda Pharmaceutical Co LTD)

Duration Fee. As part of the consideration for each Lender’s Commitment hereunder, the The Borrower shall will pay to the Designated Administrative Agent for the account of each Lender (subject to Section 2.19(a)(ii)) a duration fee on each date set forth below in an amount equal to the percentage set forth opposite such date of the aggregate principal amount of Advances and undrawn Commitments held by such Lender on such date: DATE PERCENTAGE 90 days after the Closing Date 0.500.50 % 180 days after the Closing Date 0.750.75 % 270 days after the Closing Date 1.001.00 %

Appears in 2 contracts

Samples: Day Bridge Credit Agreement (AbbVie Inc.), Day Bridge Credit Agreement (AbbVie Inc.)

Duration Fee. As part of the consideration for each Lender’s Commitment hereunder, the The Borrower shall will pay to the Designated Administrative Agent for the account of each Lender a duration fee on each date of the dates set forth below in an amount a Duration Fee equal to the applicable percentage set forth opposite such date below of the aggregate principal amount of Advances held by such Lender Lender’s Loans outstanding on such date: DATE PERCENTAGE Date Percentage 90 days after the Closing Effective Date 0.500.50 % 180 days after the Closing Effective Date 0.750.50 % 270 271 days after the Closing Effective Date 1.000.50 %

Appears in 1 contract

Samples: 364 Day Bridge Credit Agreement (Clearway Energy, Inc.)

Duration Fee. As part of the consideration for each Lender’s Commitment hereunder, the The Borrower shall will pay to the Designated Administrative Agent for the account of each Lender (subject to Section 2.19(a)(ii), and other than a Defaulting Lender for such time as such Lender is a Defaulting Lender)) a duration fee on each date set forth below in an amount equal to the percentage set forth opposite such date of the aggregate principal amount of Advances held by such Lender on such date: DATE PERCENTAGE 90 days after the Closing Date 0.500.50 % 180 days after the Closing Date 0.750.75 % 270 days after the Closing Date 1.001.00 %

Appears in 1 contract

Samples: Credit Agreement (Steris Corp)

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Duration Fee. As part of the consideration for each Lender’s Commitment hereunder, the The Borrower shall will pay to the Designated Administrative Agent for the account of each Lender (subject to Section 2.18(a)(ii)) a duration fee on each date set forth below in an amount equal to the percentage set forth opposite such date of the aggregate principal amount of Advances held by such Lender on such date: DATE PERCENTAGE 90 days after the Closing Date 0.50% 180 days after the Closing Date 0.75% 270 days after the Closing Date 1.00%

Appears in 1 contract

Samples: Bridge Credit Agreement (Moodys Corp /De/)

Duration Fee. As part of the consideration for each Lender’s Commitment hereunder, the The Borrower shall agrees to pay to the Designated Administrative Agent for the account of each Lender based on the amount of its outstanding Tranche 1 Commitments, a non- refundable duration fee (the “Duration Fee”) on each date set forth below in an amount equal to the product of (i) the percentage set forth below opposite such date of and (ii) the aggregate outstanding principal amount of Advances Tranche 1 Loans or undrawn Tranche 1 Commitments held by such Lender on such date: DATE PERCENTAGE Duration Fees 90 days after the Closing Date 0.50% 180 days after the Closing Date 0.75% 270 days after the Closing Date 1.000.500% 0.750% 1.000%

Appears in 1 contract

Samples: Bridge Credit Agreement

Duration Fee. As part of the consideration for each Lender’s Commitment hereunder, the The Borrower shall pay duration fees to the Designated Agent Administrative Agent, for the account ratable benefit of each Lender a duration fee on each date set forth below Lender, in an amount equal to the applicable percentage set forth opposite such date in the grid below of the aggregate principal amount of Advances held by the Loans of such Lender outstanding on the date set forth in the grid below, payable on each such date: DATE PERCENTAGE Debt Ratings (Xxxxx’x / S&P) 90 days after the Closing Date 0.50> Baa3 or BBB- 0.50 % 180 days after the Closing Date 0.75% 270 days after the Closing Date 1.00< Baa3 and BBB- 1.00 %

Appears in 1 contract

Samples: 120 Day Bridge Term Loan Agreement (Abbott Laboratories)

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