Common use of Facility Fee; Reductions in Aggregate Commitment Clause in Contracts

Facility Fee; Reductions in Aggregate Commitment. 2.5.1. Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a facility fee at a per annum rate equal to the Applicable Fee Rate from and after the date hereof to and including the Commitment Termination Date on such Lender’s Commitment (regardless of usage) in effect from time to time. Such facility fees shall be payable in arrears on the last Business Day of each quarter and on the Commitment Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Vectren Corp), Credit Agreement (Vectren Corp), Assignment Agreement (Vectren Corp)

AutoNDA by SimpleDocs

Facility Fee; Reductions in Aggregate Commitment. 2.5.1. (i) The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a facility fee at a per annum rate equal to the Applicable Fee Rate on the average daily amount of such Lender’s Commitment, whether used or unused, from and after the date hereof to and including the Commitment Facility Termination Date, payable on each Payment Date on such Lender’s Commitment (regardless of usage) in effect from time to time. Such facility fees shall be payable in arrears on the last Business Day of each quarter hereafter and on the Commitment Facility Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Lancaster Colony Corp), Credit Agreement (Lancaster Colony Corp)

Facility Fee; Reductions in Aggregate Commitment. 2.5.1. (i) The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a facility fee at a per annum rate equal to the Applicable Fee Rate on the average daily amount of such Lender's Commitment, whether used or unused, from and after the date hereof to and including the Commitment Facility Termination Date, payable on each Payment Date on such Lender’s Commitment (regardless of usage) in effect from time to time. Such facility fees shall be payable in arrears on the last Business Day of each quarter hereafter and on the Commitment Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Lancaster Colony Corp)

AutoNDA by SimpleDocs

Facility Fee; Reductions in Aggregate Commitment. 2.5.1. Borrower agrees The Borrowers agree to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a facility fee at a per annum rate equal to the Applicable Facility Fee Rate from and after the date hereof to and including the Commitment Termination Date on such Lender’s Commitment (regardless of usage) in effect from time the date hereof to time. Such facility fees shall be the Facility Termination Date applicable to such Lender, payable in arrears on the last Business Day of each quarter Payment Date hereafter and on the Commitment Facility Termination Date.Date applicable to such Lender, provided that the

Appears in 1 contract

Samples: Credit Agreement (Aon PLC)

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