Common use of Facility Fees, etc Clause in Contracts

Facility Fees, etc. (a) Each Borrower agrees to pay to the Administrative Agent for the account of each Lender a facility fee (a “Facility Fee”) for the period from and including the Closing Date until all of the Loans have been repaid and the Commitments have been terminated, computed at such Borrower’s Facility Fee Rate then in effect on the Commitment Percentage of such Lender of the total amount of the Facility (drawn or undrawn) multiplied by such Borrower’s Fee Percentage, payable quarterly in arrears on the last day of each March, June, September and December, on the Termination Date, (and if applicable, thereafter on demand), commencing on the first of such dates to occur after the Closing Date. If any Commitment shall be reduced in part, the Facility Fee shall be paid in accordance with Section 1.03(b).

Appears in 3 contracts

Samples: Revolving Credit Agreement, Revolving Credit Agreement (Avangrid, Inc.), Revolving Credit Agreement (Avangrid, Inc.)

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Facility Fees, etc. (a) Each Borrower agrees to pay to the Administrative Agent for the account of each Lender a facility fee (a “Facility Fee”) for the period from and including the Closing Date until all of the Loans have been repaid repaid, the Letters of Credit terminated and the Commitments have been terminated, computed at such Borrower’s the Facility Fee Rate then in effect on the Commitment Percentage of such Lender of the total amount of the Facility (drawn or undrawn) multiplied by such Borrower’s Fee PercentagePercentage then in effect, payable quarterly in arrears on the last day of each March, June, September and December, on the Termination Date, (and if applicable, thereafter on demand), commencing on the first of such dates to occur after the Closing Date. If any Commitment shall be reduced in part, the Facility Fee shall be paid in accordance with Section 1.03(b).

Appears in 1 contract

Samples: Revolving Credit Agreement (Iberdrola USA, Inc.)

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Facility Fees, etc. (a) Each The Borrower agrees to pay to the Administrative Agent for the account of each Lender a facility fee (a “Facility Fee”) for the period from and including the Closing Date until all of the Loans have been repaid and the Commitments have been terminated, computed at such the Borrower’s Facility Fee Rate then in effect on the Commitment Percentage of such Lender of the total amount of the Facility (drawn or undrawn) multiplied by such Borrower’s Fee Percentagebut excluding the aggregate principal amount of the Term Loans, payable quarterly in arrears on the last day of each March, June, September and December, on the Termination Date, (and if applicable, thereafter on demand), commencing on the first of such dates to occur after the Closing Date. If any Commitment shall be reduced in part, the Facility Fee shall be paid in accordance with Section 1.03(b).

Appears in 1 contract

Samples: Revolving Credit Agreement (Avangrid, Inc.)

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