Common use of Front-end Fee Clause in Contracts

Front-end Fee. The Company shall pay to the Global Agent for each Lender a fee computed at a rate of 1.0 per cent. of that Lender’s Commitment payable as follows: (a) an amount equal to 50% of the fee shall be payable no later than 30 days from the date of this Agreement; and (b) the remainder of the fee shall be payable on the date of the Security Documents.