Common use of Revolver Commitment Fee Clause in Contracts

Revolver Commitment Fee. The Borrower agrees to pay to the Administrative Agent, for the pro rata account of each Revolving Lender (other than each Revolving Lender that is a Defaulting Lender), for the period (including any portion thereof when the Revolving Loan Commitment is suspended by reason of the Borrower’s inability to satisfy any condition of Article V) commencing on the Effective Date and continuing through the Revolving Loan Commitment Termination Date, a commitment fee (the “Revolver Commitment Fee”) at the Applicable Margin on such Lender’s Percentage of the average daily unused portion of the Revolving Loan Commitment Amount (calculated for the Swingline Lender as all Revolving Loan Commitment Amounts, minus the aggregate outstanding principal of all Revolving Loans, minus the aggregate outstanding principal of all Swingline Loans, minus the face amount of each outstanding Letter of Credit; and calculated for all Lenders other than the Swingline Lender as all Revolving Loan Commitment Amounts minus the aggregate outstanding principal of all Revolving Loans minus the face amount of each outstanding Letter of Credit) during the quarter ending immediately prior to the applicable Quarterly Payment Date (without taking into account that portion of Revolving Loan Commitment Amount attributable to such Defaulting Lender). Such commitment fees are non-refundable and shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first Quarterly Payment Date following the Effective Date, and on the Revolving Loan Commitment Termination Date.

Appears in 2 contracts

Samples: Amendment Agreement (CatchMark Timber Trust, Inc.), Credit Agreement (CatchMark Timber Trust, Inc.)

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Revolver Commitment Fee. The Borrower agrees to pay to the Administrative Agent, for the pro rata account of each Revolving Lender (other than each Revolving Lender that is a Defaulting Lender), for the period (including any portion thereof when the Revolving Loan Commitment is suspended not available to be borrowed by reason of the Borrower’s inability to satisfy any condition of Article V) commencing on the Effective Date and continuing through the Revolving Loan Commitment Termination Date, a commitment fee (the “Revolver Commitment Fee”) at the Applicable Margin on such Lender’s Percentage of the average daily unused portion of the Revolving Loan Commitment Amount (calculated for the Swingline Lender as all Revolving Loan Commitment Amounts, minus the aggregate outstanding principal of all Revolving Loans, minus the aggregate outstanding principal of all Swingline Loans, minus the face amount of each outstanding Letter of CreditCredit (Revolver); and calculated for all Lenders other than the Swingline Lender as all Revolving Loan Commitment Amounts minus the aggregate outstanding principal of all Revolving Loans minus the face amount of each outstanding Letter of CreditCredit (Revolver)) during the quarter Fiscal Quarter ending immediately prior to the applicable Quarterly Payment Date (without taking into account that portion of Revolving Loan Commitment Amount attributable to such Defaulting Lender). Such commitment fees are non-refundable and shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first Quarterly Payment Date following the Effective Date, and on the Revolving Loan Commitment Termination Date.

Appears in 2 contracts

Samples: Term a 4 Loan Credit Facility (CatchMark Timber Trust, Inc.), Credit Agreement (CatchMark Timber Trust, Inc.)

Revolver Commitment Fee. The Borrower agrees Borrowers agree to pay to the Administrative Agent, for the pro rata account of each Revolving Lender (other than each Revolving Lender that is a Defaulting Lender), for the period (including any portion thereof when the Revolving Loan Commitment is suspended by reason of the Borrower’s inability to satisfy any condition of Article V) commencing on the Effective Date and continuing through the Revolving Loan Commitment Termination Date, a commitment fee (the “Revolver Commitment Fee”) at the Applicable Margin on such Lender’s Percentage of the average daily unused portion of the Revolving Loan Commitment Amount (calculated for the Swingline Lender as all Revolving Loan Commitment Amounts, minus the aggregate outstanding principal of all Revolving Loans, minus the aggregate outstanding principal of all Swingline Loans, minus the face amount of each outstanding Letter of Credit; and calculated for all Lenders other than the Swingline Lender as all Revolving Loan Commitment Amounts minus the aggregate outstanding principal of all Revolving Loans minus the face amount of each outstanding Letter of Credit) during the quarter ending immediately prior to on the applicable Quarterly Payment Date (without taking into account that portion of Revolving Loan Commitment Amount attributable to such Defaulting Lender). Such commitment fees are non-refundable and shall be payable by the Borrower Borrowers in arrears on each Quarterly Payment Date, commencing with the first Quarterly Payment Date following the Effective Date, and on the Revolving Loan Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (CatchMark Timber Trust, Inc.)

Revolver Commitment Fee. The Borrower agrees to pay to the Administrative Agent, for the pro rata account benefit of each Revolving Lender the Banks in proportion to their respective Commitment Fee Pro Rata Shares, commitment fees (other than each Revolving Lender that is a Defaulting Lender), the "Commitment Fees") for the period (from and including any portion thereof when the Revolving Loan Commitment is suspended by reason of the Borrower’s inability October 11, 1996 to satisfy any condition of Article V) commencing on the Effective Date and continuing through excluding the Revolving Loan Commitment Termination Date, a commitment fee (equal to the “Revolver Commitment Fee”) at the Applicable Margin on such Lender’s Percentage average of the average daily unused portion excess of the Revolving Loan Commitment Amount Commitments (calculated for the Swingline Lender as all Revolving Loan Commitment Amounts, minus reduced pursuant to Section 2.4C hereof) over the aggregate outstanding principal of all Revolving Loans, minus the aggregate outstanding principal of all Swingline Loans, minus the face amount of each outstanding Revolv- ing Loans plus the Letter of Credit; Credit Usage multiplied by the Applicable Revolver Commit- ment Fee per annum. The Commitment Fees shall be calculated on the basis of a 360-day year and calculated for all Lenders other than the Swingline Lender as all Revolving Loan Commitment Amounts minus the aggregate outstanding principal actual number of all Revolving Loans minus the face amount of each outstanding Letter of Credit) during the quarter ending immediately prior to the applicable Quarterly Payment Date (without taking into account that portion of Revolving Loan Commitment Amount attributable to such Defaulting Lender). Such commitment fees are non-refundable days elapsed and shall be payable by the Borrower quarterly in arrears on the last day of each Quarterly Payment DateFiscal Quarter, commencing with on the first Quarterly Payment Date following the Effective Datesuch day to occur after October 11, 1996, and on the Revolving Loan Commitment Termination Date.. The Borrower shall have no liability to any Banks for any Commitments Fees paid to the Agent which the Agent does not properly remit to such Banks, and any such Bank's sole remedy in respect thereof shall be against the Agent. The Applicable Revolver Commitment Fee in effect for the Pricing Period commencing on the first day of each Fiscal Quarter and continuing for the term of the Fiscal Quarter that begins on such first day of the Fiscal Quarter shall be the Appli- cable Revolver Commitment Fee corresponding to the Pricing Level in effect for such period, as applicable: Applicable Revolver Pricing Level Commitment Fee Pricing Level I .175% Pricing Level II .200% Pricing Level III .225%

Appears in 1 contract

Samples: Loan Agreement (Steel Technologies Inc)

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Revolver Commitment Fee. The Borrower agrees to pay to the Administrative Agent, for the pro rata account of each Revolving Lender (other than each Revolving Lender that is a Defaulting Lender), for the period (including any portion thereof when the Revolving Loan Commitment is suspended not available to be borrowed by reason of the Borrower’s inability to satisfy any condition of Article V) commencing on the Effective Date and continuing through the Revolving Loan Commitment Termination Date, a commitment fee (the “Revolver Commitment Fee”) at the Applicable Margin on such Lender’s Percentage of the average daily unused portion of the Revolving Loan Commitment Amount (calculated for the Swingline Lender as all Revolving Loan Commitment Amounts, minus the aggregate outstanding principal of all Revolving Loans, minus the aggregate outstanding principal of all Swingline Loans, minus the face amount of each outstanding Letter of CreditCredit (Revolver); and calculated for all Lenders other than the Swingline Lender as all Revolving Loan Commitment Amounts minus the aggregate outstanding principal of all Revolving Loans minus the face amount of each outstanding Letter of CreditCredit (Revolver)) during the quarter Fiscal Quarter ending immediately prior to the applicable Quarterly Payment Date 46267678.11 (without taking into account that portion of Revolving Loan Commitment Amount attributable to such Defaulting Lender). Such commitment fees are non-refundable and shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first Quarterly Payment Date following the Effective Date, and on the Revolving Loan Commitment Termination Date.

Appears in 1 contract

Samples: Fifth Agreement Regarding Consents and Amendments (CatchMark Timber Trust, Inc.)

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