Parent and Corp. jointly and severally agree to pay to the Administrative Agent a facility fee (the "Facility Fee") for the account of the Lenders pro rata on the basis of their respective Commitments for the period from and including the Restatement Effective Date to but excluding the date the Total Commitment has been terminated computed at a rate per annum equal to the Applicable Margin on the Total Commitment as in effect from time to time. Accrued Facility Fees shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, on the Final Maturity Date or upon such earlier date as the Total Commitment shall be terminated and, with respect to any Facility Fee owing to any Lender whose Commitment is terminated pursuant to Section 1.14, on the date on which such Lender's Commitment is terminated.
Appears in 2 contracts
Samples: Credit Agreement (Mbia Inc), Credit Agreement (Mbia Inc)
Parent and Corp. jointly and severally agree to pay to the Administrative Agent a facility fee (the "Facility Fee") for the account of the Lenders pro rata on the basis of their respective Commitments for the period from and including the Restatement Effective Date to but excluding the date the Total Commitment has been terminated computed at a rate per annum equal to the Applicable Margin on 0.12% of the Total Commitment as in effect from time to time. Accrued Facility Fees shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, on the Final Maturity Date or upon such earlier date as the Total Commitment shall be terminated and, with respect to any Facility Fee owing to any Lender whose Commitment is terminated pursuant to Section 1.14, on the date on which such Lender's Commitment is terminated.
Appears in 1 contract
Samples: Credit Agreement (Mbia Inc)
Parent and Corp. jointly and severally agree to pay to the Administrative Agent a facility fee (the "Facility Fee") for the account of the Lenders pro rata on the basis of their respective Commitments for the period from and including the Restatement Effective Date to but excluding the date the Total Commitment has been terminated computed at a rate per annum equal to the Applicable Margin on 0.07% of the Total Commitment as in effect from time to time. Accrued Facility Fees shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, on the Final Maturity Date or upon such earlier date as the Total Commitment shall be terminated and, with respect to any Facility Fee owing to any Lender whose Commitment is terminated pursuant to Section 1.14, on the date on which such Lender's Commitment is terminated.
Appears in 1 contract
Samples: Credit Agreement (Mbia Inc)