Loan Commitment Fees Clause Samples

Loan Commitment Fees. From and including the Closing Date through and excluding the last day of the Availability Period, the Borrower shall pay to the Administrative Agent, for the benefit of all the Lenders (based upon their respective Pro Rata Shares of the Term Loan Commitment), a fee (the “Term Loan Commitment Fee”) in an amount equal to the Term Loan Commitment multiplied by 0.25% per annum, calculated on the basis of a 360-day year for the actual number of days elapsed. Such fees are to be paid in arrears on the last day of the of the Availability Period.

Loan Commitment Fees. The Borrower shall have paid the Bank the Line -------------------- of Credit commitment fee in the amount of $5,000.00 and the Term Loan commitment fee in the amount of $2,000.00.

Loan Commitment Fees. The Borrower shall pay to the Administrative Agent for the account of each Lender a commitment fee for the period from and including the date hereof to the last day of the Construction Loan Availability Period, computed at the Commitment Fee Rate on the unused amount of the Construction Loan Commitment of such Lender for each day during the period for which payment is made, payable in arrears on each Fee Payment Date during the Construction Loan Availability Period and on the Construction Loan Maturity Date (or, if the Construction Loan Commitments are cancelled or expire prior to such date, on the date of such cancellation or expiration).

Loan Commitment Fees. The Borrower shall pay to the Administrative Agent for the account of each Lender a commitment fee for the period from and including the date hereof until the date on which all Construction Loan Commitments are earlier cancelled or expire pursuant to this Agreement, computed at the Commitment Fee Rate on the unused amount of the Construction Loan Commitment of such Lender for each day during the period for which payment is made, payable in arrears on each Fee Payment Date prior to the Final Discharge Date and on the Final Maturity Date (or, if the Construction Loan Commitments are irrevocably cancelled or expire prior to such date, on the date of such irrevocable cancellation or expiration); provided, however, such commitment fees shall cease to accrue with respect to the Construction Loan Commitment of any Lender for any period during which such Lender is a Defaulting Lender and the Borrower shall not be required to pay any such fees that otherwise would have been required to have been paid to such Lender.

Loan Commitment Fees. The Borrower shall pay to the Administrative Agent for the account of each Lender a commitment fee for the period from and including the date hereof to the last day of the Construction Loan Availability Period or, if later, the latest Construction Loan Maturity Date, computed at the Commitment Fee Rate on the Available Construction Loan Commitment of such Lender for each day during the period for which payment is made, payable in arrears on each Fee Payment Date during the Construction Loan Availability Period and on the Construction Loan Maturity Date for each Project with a Construction Period ending on or after the Construction Loan Availability Period (or, if the Construction Loan Commitments are cancelled or expire prior to such date, on the date of such cancellation or expiration).

Loan Commitment Fees. Borrower agrees to pay to Administrative Agent, for distribution to each Lender in proportion to that Lender’s Pro Rata Share of the Revolving Loan Commitments, commitment fees for the period from and including the Closing Date to and excluding the Revolving Loan Commitment Termination Date equal to the average of the daily excess of the Revolving Loan Commitments over the sum of (i) the aggregate principal amount of outstanding Revolving Loans (but not any outstanding Swing Line Loans) plus (ii) the Letter of Credit Usage multiplied by 0.375% per annum, such commitment fees to be calculated on the basis of a 360-day year and the actual number of days elapsed and to be payable quarterly in arrears on the last Business Day of each March, June, September and December of each Fiscal Year, commencing on the first such date to occur after the Closing Date, and on the Revolving Loan Commitment Termination Date.”

Loan Commitment Fees. Borrower shall pay in advance to Bank commitment fees of Seven Thousand Five Hundred Dollars ($7,500) as consideration for Bank making available the Revolving Loan and Ten Thousand Dollars ($10,000) as consideration for Bank making the Term Loan. Such fees will be paid on or before the date of execution of this Agreement. No portion of such fees shall be reimbursable.

Loan Commitment Fees