Facility Agent’s fee Sample Clauses
The Facility Agent’s fee clause defines the payment terms and obligations regarding the compensation owed to the facility agent for their services in administering a loan or credit facility. Typically, this clause specifies the amount, timing, and method of payment, and may outline whether the fee is a one-time arrangement fee, an annual fee, or based on other criteria. Its core practical function is to ensure that the facility agent is properly compensated for managing the facility, thereby clarifying financial responsibilities and preventing disputes over agent remuneration.
Facility Agent’s fee. The Company must pay to the Facility Agent for its own account an agency fee in the manner agreed in the Fee Letter between the Facility Agent and the Company.
Facility Agent’s fee. The Borrower must pay to the Facility Agent an agency fee in the manner agreed in the Fee Letter between the Facility Agent and the Borrower.
Facility Agent’s fee. The Borrower shall pay to the Facility Agent for its own account fees in the amounts and at the times previously agreed upon between the Borrower and the Facility Agent.
Facility Agent’s fee. The Parent shall pay to the Facility Agent for its own account an agency fee in the amount agreed in the Fee Letter between the Facility Agent and the Obligors. The agency fee is payable annually in advance. The first payment of this fee is payable within five Business Days of the date of this Agreement and each subsequent payment is payable on each anniversary of the date of this Agreement for so long as any amount is or may be outstanding under this Agreement or any Commitment is in force.
Facility Agent’s fee. 21.2.1 Subject to Clause 21.2.2, the Parent shall pay to the Facility Agent (for its own account) an annual agency fee, charged by the Facility Agent at its usual rates for a transaction of this nature, with the amount and the timing for payment set out in a Fee Letter entered into by the Facility Agent and the Parent.
21.2.2 The requirements of Clause 21.2.1 shall not apply until such time as there is more than one Lender (provided that the other Lender(s) are not each an Affiliate of the other). 68
Facility Agent’s fee. The Company must pay to each of the Facility Agent and the Swingline Agent, for its own account, an agency fee in the manner agreed in the Fee Letter between the Facility Agent, the Swingline Agent and the Company.
Facility Agent’s fee. Partner shall pay to the Facility Agent for its own account the fees specified in the letter dated 9 July 2000 from the Facility Agent to Partner at the times and in the amounts specified in such letter.
Facility Agent’s fee. The Company must pay to the Facility Agent for its own account an agency fee in the manner agreed in the Fee Letter between the Facility Agent and the Company. If the Commitment of each Lender has not been automatically cancelled pursuant to Clause 7.7(b) (Automatic cancellation) by 15 April 2014, the Company must enter into a Fee Letter with the Facility Agent by no later than 22 April 2014.
Facility Agent’s fee. The Borrowers must pay to the Facility Agent an agency fee in the manner agreed in the Fee Letter between the Bookrunners and the Representative Borrower.
Facility Agent’s fee. The Borrower paid and shall pay to the Facility Agent, for its own account, an ongoing fee at the rate of [***]% ([***] percent) per annum in respect of the aggregate amount of the Loan outstanding from time to time. Such fee shall be payable on each Interest Payment Date and on the Final Maturity Date, in arrears. The provisions of clauses 7.3 and 7.4 above shall apply to such Facility Agent’s fee, mutatis mutandis, as if all references to “interest” in such clauses were references to such Facility Agent’s fee.