Interest and Commitment Fee Sample Clauses

Interest and Commitment Fee. 4 SECTION 2.1
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Interest and Commitment Fee. (a) On the first day of the month following the month in which the first Loan is disbursed and on the first day of each month after such date (each a "Payment Date"), Borrower shall pay to Lender the amount of interest which shall have accrued during the calendar month (or portion of such calendar month, as applicable) immediately preceding such Payment Date. The aggregate amount of Loans outstanding from time to time shall bear interest at the rate which is the sum of (i) the Libor Rate published from time to time by The Wall Street Journal as the interest rate now quoted each business day for obligations of three months' maturity, under the caption "Money Rates, London Interbank Offered Rates (Libor)" and (ii) 2.00% per annum. If The Wall Street Journal discontinues publishing Libor rates, Lender shall select a comparable rate in its place. Borrower's monthly payment amount shall be calculated based on the following: (1) interest shall be fixed for each month at the interest rate based on the applicable Libor rate published on the last business day of the preceding calendar month; and (2) interest shall be payable in arrears.
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Interest and Commitment Fee. For the part of the Credit Amount drawn down, the Credit Recipient undertakes to pay to the Creditor the Interest in the amount stipulated in the main terms and conditions of the Agreement. The interest rate is either fixed or unfixed as arising from the main terms and conditions. The unfixed interest rate consists of two components (the Reference Interest Rate and the Margin). Interest is calculated from the date of the payout of the Credit Amount or part thereof to the Credit Recipient (including its transfer to a notary account or third party account at the request of the Credit Recipient) until the date of return of the Credit Amount or part thereof to the Creditor. On the part of the Credit Amount not used, the Credit Recipient undertakes to pay to the Creditor the Commitment Fee in the amount stipulated in the main terms and conditions of the Agreement. The Commitment Fee is calculated on the amount on which no interest is calculated at the same time. The Interest and the Commitment Fee are calculated on the basis of the actual number of days in a month and a year of 360 (three hundred and sixty) days. In the case of credit agreements entered into before 1 December 2019, under which the Credit Amount is paid out as a lump sum (i.e. the Credit Amount is not made available to the Credit Recipient in instalments or as a limit), the Interest is calculated on the basis of 30 (thirty) days per month and 360 (three hundred and sixty) days per year. Unless otherwise agreed in the Agreement, the calculation period for the Interest and the Commitment Fee is the calendar month preceding the Payment Date. In the case of credit agreements under which the Credit Amount is paid out as a lump sum (i.e. the Credit Amount is not made available to the Credit Recipient in instalments or as a limit), the calculation period of the Interest is the period between Payment Dates. The first calculation period of the Interest starts on the date of the payout of the Credit Amount or part thereof to the Credit Recipient. The first calculation period of the Commitment Fee starts on the day the Agreement is entered into. The Creditor determines the Euribor applicable to the Agreement for the first time on the date of the payout of the Credit Amount, based on the Euribor in force two (2) Banking Days prior to the determination. Thereafter, the Creditor will determine the Euribor for a new period on the Payment Day every six (6) months based on the Euribor in force two (2) Banking Da...
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Interest and Commitment Fee 
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Related to Interest and Commitment Fee

  • Commitment Fee The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender under each Facility in accordance with its Pro Rata Share, a commitment fee equal to the Applicable Rate with respect to commitment fees times the actual daily amount by which the aggregate Revolving Credit Commitment exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans (which shall exclude, for the avoidance of doubt, any Swing Line Loans) and (B) the Outstanding Amount of L/C Obligations; provided that (x) any commitment fee accrued with respect to any of the Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time and (y) no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee on each Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Facility, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date during the first full fiscal quarter to occur after the Closing Date, and on the Maturity Date for the Revolving Credit Facility. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Unused Commitment Fee Borrower shall pay to Bank a fee equal to ten-hundredths percent (0.10%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a calendar quarter basis by Bank and shall be due and payable by Borrower in arrears on the last day of each September, December, March and June.

  • Unused Commitment Fees No Defaulting Lender shall be entitled to receive any Unused Commitment Fee for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

  • Commitment Fees (i) On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five percent (5%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.

  • Revolving Credit Commitment Fee The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.

  • Commitment Fees, etc (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender a commitment fee for the period from and including the Closing Date to the last day of the Revolving Credit Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Credit Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on the last day of each March, June, September and December and on the Revolving Credit Termination Date, commencing on the first of such dates to occur after the date hereof.

  • Lenders’ Upfront Fee On the Closing Date, the Borrower shall pay to the Administrative Agent, for the account of the Lenders in accordance with their respective Pro Rata Shares, an upfront fee in the agreed amount in accordance with the applicable Fee Letter. Such upfront fees are for the credit facilities by the Lenders under this Agreement and are fully earned on the date paid. The upfront fee paid to each Lender is solely for its own account and is nonrefundable for any reason whatsoever.

  • Facility Fee The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee, in Dollars, equal to the Applicable Rate for facility fees times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate for facility fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate for facility fees separately for each period during such quarter that such Applicable Rate for facility fees was in effect.

  • Unused Fee The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, an unused fee equal to the Unused Rate times the actual daily amount by which the Aggregate Commitments exceed the sum of (i) the Outstanding Amount of Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.17. For the avoidance of doubt, the Outstanding Amount of Swing Line Loans shall not be counted towards or considered usage of the Aggregate Commitments for purposes of determining the unused fee. The unused fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period. The unused fee shall be calculated quarterly in arrears, and if there is any change in the Unused Rate during any quarter, the actual daily amount shall be computed and multiplied by the Unused Rate separately for each period during such quarter that such Unused Rate was in effect.

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