Common use of Lenders’ Upfront Fee Clause in Contracts

Lenders’ Upfront Fee. On the Effectiveness 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 an amount set forth in the Agent/Arranger Fee Letter. Such upfront fees are for the credit facilities committed 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.

Appears in 2 contracts

Samples: Credit Agreement (Arbitron Inc), Credit Agreement (Ceridian Corp /De/)

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Lenders’ Upfront Fee. On the Effectiveness Conditions Effective 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 an the agreed amount set forth in accordance with the Agent/Arranger Fee Letter. Such upfront fees are for the credit facilities committed 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.

Appears in 1 contract

Samples: Credit Agreement (Sunoco Logistics Partners Lp)

Lenders’ Upfront Fee. On the Effectiveness Restatement Effective Date, the Borrower shall pay to the Administrative Agent, for the account of the Lenders in accordance with their respective Pro Rata SharesApplicable Percentage, an upfront fee in an the agreed amount set forth in accordance with the Agent/Arranger Fee Engagement Letter. Such upfront fees are for the credit facilities committed by the applicable 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: Amendment and Restatement Agreement (Martin Midstream Partners L.P.)

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Lenders’ Upfront Fee. On the Effectiveness Conditions Effective 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 an the agreed amount set forth in accordance with the Agent/Arranger Fee Letter. Such upfront fees are for the credit facilities committed 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.

Appears in 1 contract

Samples: Credit Agreement (Sunoco Logistics Partners Lp)

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