Common use of Liquidity Fee Clause in Contracts

Liquidity Fee. On each Settlement Date, the Borrower shall pay to the Agent for the account of each Committed Lender a fee (the "Liquidity Fee") on such Lender's Commitment Percentage of the daily average Unused Committed Amount for the Measuring Period ended most recently prior to such Settlement Date, computed at a per annum rate for each day at a rate equal to 40 basis points. The Liquidity Fee shall commence to accrue on the Closing Date and shall be due and payable in arrears on each Settlement Date for the Measuring Period ending most recently prior to such date, beginning with the first of such dates to occur after the Closing Date.

Appears in 1 contract

Samples: Warehouse Loan Agreement (Trinity Industries Inc)

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Liquidity Fee. On each Settlement Date, the Borrower shall pay to the Agent (or at the direction of the Agent) for the account of each Committed Lender a fee (the "Liquidity Fee") on such Lender's Commitment Percentage of the daily average Unused Committed Amount for the Measuring Period ended most recently prior to such Settlement Date, computed at a per annum rate for each day at a rate equal to 40 50 basis points. The Liquidity Fee shall commence to accrue on the Amendment Closing Date and shall be due and payable in arrears on each Settlement Date for the Measuring Period ending most recently prior to such date, beginning with the first of such dates to occur after the Amendment Closing Date.

Appears in 1 contract

Samples: Warehouse Loan Agreement (Trinity Industries Inc)

Liquidity Fee. On each Settlement Date, the Borrower shall pay to the Agent (or at the direction of the Agent) for the account of each Committed Lender a fee (the "Liquidity Fee") on such Lender's ’s Commitment Percentage of the daily average Unused Committed Amount for the Measuring Period ended most recently prior to such Settlement Date, computed at a per annum rate for each day at a rate equal to 40 100 basis points. The Liquidity Fee shall commence to accrue on the Amendment Closing Date and shall be due and payable in arrears on each Settlement Date for the Measuring Period ending most recently prior to such date, beginning with the first of such dates to occur after the Amendment Closing Date.

Appears in 1 contract

Samples: Warehouse Loan Agreement (Trinity Industries Inc)

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Liquidity Fee. On each Settlement Date, the Borrower shall pay to the Agent (or at the direction of the Agent) for the account of each Committed Lender a fee (the "Liquidity Fee") on such Lender's ’s Commitment Percentage of the daily average Unused Committed Amount for the Measuring Period ended most recently prior to such Settlement Date, computed at a per annum rate for each day at a rate equal to 40 25 basis points. The Liquidity Fee shall commence to accrue on the Amendment Closing Date and shall be due and payable in arrears on each Settlement Date for the Measuring Period ending most recently prior to such date, beginning with the first of such dates to occur after the Amendment Closing Date.

Appears in 1 contract

Samples: Warehouse Loan Agreement (Trinity Industries Inc)

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