Common use of Lenders’ Upfront Fee Clause in Contracts

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Agent, for the account of each Lender in accordance with their respective Applicable Percentages, an upfront fee in an amount of 1/4 of 1% of the Commitment of such Lender. Such upfront fees are for the credit facilities committed by 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.

Appears in 2 contracts

Samples: Letter of Credit and Reimbursement Agreement (Maine & Maritimes Corp), Credit Agreement (Maine & Maritimes Corp)

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Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Agent, for the account of each Lender in accordance with their respective Applicable Percentages, an upfront fee in an aggregate amount of 1/4 of 1% of the Commitment of such Lenderequal to $150,000. Such upfront fees are for the credit facilities committed by 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.

Appears in 2 contracts

Samples: Credit Agreement (Unitil Corp), Credit Agreement

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Agent, for the account of each Lender in accordance with their respective Applicable Percentages, an upfront fee in an amount of 1/4 of 1% of the Commitment of such Lender$50,000. Such upfront fees are for the credit facilities committed by 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.

Appears in 1 contract

Samples: Credit Agreement (Anika Therapeutics Inc)

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Agent, for the account of each Lender in accordance with their respective Applicable Percentages, an upfront fee in an aggregate amount of 1/4 of 1% of the Commitment of such Lender$62,500.00. Such upfront fees are fee is for the credit facilities committed by Lenders under this Agreement and are is 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.

Appears in 1 contract

Samples: Credit Agreement (Higher One Holdings, Inc.)

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Agent, for the account of each Lender in accordance with their respective Applicable Percentages, an upfront fee in an amount of 1/4 of 1% of the Commitment of such Lender, which shall be paid by Agent to each Lender within two Business Days of its receipt. Such upfront fees are for the credit facilities committed by 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.

Appears in 1 contract

Samples: Credit Agreement (Maine & Maritimes Corp)

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Agent, for the account of each Lender in accordance with their respective Applicable Percentages, an upfront fee in an aggregate amount of 1/4 of 1% of the Commitment of such Lenderequal to $240,000. Such upfront fees are for the credit facilities committed by 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.

Appears in 1 contract

Samples: Credit Agreement (Unitil Corp)

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Agent, for the account of each Lender in accordance with their its respective Applicable PercentagesPercentage, an upfront fee in an amount of 1/4 $62,500 (the Administrative Agent hereby acknowledging receipt of 1% of the Commitment $31,250 of such Lenderupfront fee prior to the date hereof). Such upfront fees are for the credit facilities committed by 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.

Appears in 1 contract

Samples: Credit Agreement (Ats Corp)

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Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Agent, for the account of each Lender in accordance with their its respective Applicable PercentagesCommitment amount, an upfront fee (in an amount of 1/4 of 1% of Dollars) as specified in the Commitment of such LenderAgent Fee Letter. Such upfront fees are for the credit facilities committed by 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.

Appears in 1 contract

Samples: Credit Agreement (Resmed Inc)

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Agent, for the account of each Lender in accordance with their respective Applicable Percentages, an upfront fee in an aggregate amount of 1/4 of 1% of the Commitment of such Lender$125,000.00. Such upfront fees are fee is for the credit facilities committed by Lenders under this Agreement and are is 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.

Appears in 1 contract

Samples: Credit Agreement (Higher One Holdings, Inc.)

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Agent, for the account of each Lender in accordance with their respective Applicable PercentagesCommitment amounts, an upfront fee in an amount of 1/4 of 1% of equal to the Commitment respective percentage of such Lender. Commitment, as set forth in the following chart: ³ $50,000,000 .375% ³ $25,000,000 but < $50,000,000 .25% Such upfront fees are for the credit facilities committed by 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.

Appears in 1 contract

Samples: Credit Agreement (Resmed Inc)

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