Common use of Duration Fee Clause in Contracts

Duration Fee. The Borrower shall pay to the Administrative Agent, for the account of the Eighth Amendment Consenting Lenders, a non-refundable duration fee in the amounts and on the dates set forth below: Date of Payment Amount of Duration Fee March 15, 2009 0.50% on the Commitment of each Eighth Amendment Consenting Lender as in effect on March 15, 2009 April 14, 2009 0.50% on the Commitment of each Eighth Amendment Consenting Lender as in effect on April 14, 2009 Such duration fee shall be distributed by the Administrative Agent to the Eighth Amendment Consenting Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Bowater Inc), Credit Agreement (AbitibiBowater Inc.)

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Duration Fee. The Borrower shall pay to the Administrative Agent, for the account of the Eighth Tenth Amendment Consenting Lenders, a non-refundable duration fee in the amounts and on the dates set forth below: Date of Payment Amount of Duration Fee March 15, 2009 0.50% on the Commitment of each Eighth Tenth Amendment Consenting Lender as in effect on March 15, 2009 April 14, 2009 0.50% on the Commitment of each Eighth Tenth Amendment Consenting Lender as in effect on April 14, 2009 Such duration fee shall be distributed by the Administrative Agent to the Eighth Tenth Amendment Consenting Lenders.

Appears in 2 contracts

Samples: Credit Agreement (AbitibiBowater Inc.), Credit Agreement (Bowater Inc)

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