Fees and Premium Sample Clauses
The 'Fees and Premium' clause defines the financial obligations of the parties regarding payments for services or coverage provided under the agreement. It typically outlines the amount, timing, and method of payment for fees or insurance premiums, and may specify consequences for late or missed payments. This clause ensures that both parties are clear on the costs involved and the payment process, thereby preventing disputes over financial responsibilities and maintaining the smooth operation of the contractual relationship.
Fees and Premium. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Initial Revolving Lender (other than any Defaulting Lender) a commitment fee, which shall accrue at a rate equal to the Commitment Fee Rate per annum applicable to the Initial Revolving Credit Commitments on the average daily amount of the unused Initial Revolving Credit Commitment of such Revolving Lender during the period from and including the Closing Date to the date on which such Initial Revolving Lender’s Initial Revolving Credit Commitment terminates. Accrued commitment fees shall be payable in arrears on the fifteenth day after the last day of each March, June, September and December commencing with December 2019 for the quarterly period then ended (or, in the case of the payment to be made in December 2019, for the period from the Closing Date to December 31, 2019), and on the date on which the Initial Revolving Credit Commitment terminates. For purposes of calculating the commitment fee only, the Initial Revolving Credit Commitment of any Initial Revolving Lender shall be deemed to be used to the extent of Initial Revolving Loans of such Class of such Initial Revolving Lender and the LC Exposure of such Initial Revolving Lender attributable to its Initial Revolving Credit Commitment of such Class (and the Swingline Exposure of such Lender shall be disregarded for such purpose).
(b) The Borrower agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender of any Class a participation fee with respect to its participations in Letters of Credit issued at the request of the Borrower, which shall accrue at the Applicable Rate used to determine the interest rate applicable to Revolving Loans of such Class that are Adjusted Term SOFR Loans, as applicable, on the daily face amount of such L▇▇▇▇▇’s LC Exposure that is attributable to its Revolving Credit Commitment of such Class (excluding any portion thereof that is attributable to unreimbursed LC Disbursements), during the period from and including the Closing Date to the earlier of (A) the later of the date on which such Revolving Lender’s Revolving Credit Commitment of such Class terminates and the date on which such Revolving Lender ceases to have any LC Exposure that is attributable to its Revolving Credit Commitment of such Class and (B) the Termination Date, and (ii) to each Issuing Bank, for its own account, a fronting fee, in respect of each Letter of Credit issued by such Issuing Bank fo...
Fees and Premium. We shall have the right to charge interest on any Loan provided to you at such rate as we determine from time to time. You shall promptly pay any fees, interest and commission owed to us and/or our service providers (“Fees”) in such manner that we may stipulate from time to time with respect to your use of the Services. We shall have the sole discretion to amend the Fees without prior notice to you and it is your sole responsibility to ensure you are aware of the Fees associated with the Services. You agree that all Fees owed may be settled by deducting the relevant amounts from your Platform Accounts or other accounts you may have with us and you agree that any Fees owed is a debt immediately due and payable to the relevant party. In the event you are unable to pay any of the Fees when they are due in the relevant Digital Asset owed, we shall have the right to effect payment or repayment in any other Digital Asset that you have in your Platform Accounts or other account with us at an exchange rate as determined by us at the time of repayment. Any applicable taxes, duties, disbursements, costs and/or other expenses incurred by us relating to your use of the Services shall be borne by you.
Fees and Premium. (a) The Borrower shall pay the Lender and the Facility Insurer (either directly or through the Agent) certain fees (the "Fees") in the amounts and on the dates set forth in a fee letter (the "Fee Letter"), dated the date hereof, among the Borrower, the Facility Insurer, the Agent, and the Lender as in effect on the date hereof and as such fee letter may be amended by the parties thereto. The Borrower shall pay the Facility Insurer the Premiums in the amounts and on the dates set forth in the Premium Letter.
(b) All of the Fees and Premiums payable pursuant to this Section 2.07 shall be payable solely from amounts available for application pursuant to, and subject to the priority of payment set forth in, Section 2.05.
Fees and Premium. (a) [Reserved].
(b) Borrower agrees to pay to the Administrative Agent and the Collateral Agent, for its own account, the administrative fees payable by the Borrower in the Fee Letter in the amounts and at the times specified therein (collectively, the “Administrative Agent Fees”). The Administrative Agent Fees shall be paid on the dates due, in Dollars and immediately available funds, to the Administrative Agent and the Collateral Agent, respectively. Once paid, none of the Administrative Agent Fees shall be refundable under any circumstances.
(c) Borrower agrees to pay to the Administrative Agent for the account of each Lender a premium in an amount equal to $1,200,000 on the Closing Date, payable in kind by adding such premium to the outstanding Loans of each such Lender deemed made or made as of the Closing Date pursuant to Sections 2.01(a) and 2.01(b) on a pro rata basis (determined on the basis of the aggregate outstanding principal amount of the Loans on the Closing Date).
Fees and Premium