Common use of Revolving Commitment Fee Clause in Contracts

Revolving Commitment Fee. The Borrower agrees to pay to the Agent for the account of each Lender, for the period (including any portion thereof when its Revolving Commitment is suspended by reason of the Borrower’s inability to satisfy any condition of Article V) commencing on the Fifth Amended and Restated Effective Date and continuing through the Revolving Commitment Termination Date, a commitment fee at the rate equal to the Applicable Margin for Commitment Fees per annum on such Lender’s Percentage of the sum of the average daily unused portion of the Revolving Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first such day following the Fifth Amended and Restated Effective Date and on the Revolving Commitment Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Novamed Inc), Credit Agreement (Novamed Inc)

AutoNDA by SimpleDocs

Revolving Commitment Fee. The Borrower agrees to pay to the Agent for the account of each Lender, for the period (including any portion thereof when its Revolving Commitment is suspended by reason of the Borrower’s inability to satisfy any condition of Article V) commencing on the Fifth Sixth Amended and Restated Effective Date and continuing through the Revolving Commitment Termination Date, a commitment fee at the rate equal to the Applicable Margin for Commitment Fees per annum on such Lender’s Percentage of the sum of the average daily unused portion of the Revolving Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first such day following the Fifth Sixth Amended and Restated Effective Date and on the Revolving Commitment Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Novamed Inc), Credit Agreement (Novamed Inc)

Revolving Commitment Fee. The Borrower agrees to pay to ------------------------ the Agent for the account of each Lender, for the period (including any portion thereof when its Revolving Commitment is suspended by reason of the Borrower’s 's inability to satisfy any condition of Article V) commencing on the Fifth Amended and Restated Effective Original --------- Closing Date and continuing through the Revolving Commitment Termination Date, a commitment fee at the rate equal to the Applicable Margin for Commitment Fees per annum on such Lender’s 's Percentage of the sum of the average daily unused portion of the Revolving Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first such day following the Fifth Amended and Restated Effective Original Closing Date and on the Revolving Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Novamed Eyecare Inc)

Revolving Commitment Fee. The Borrower agrees to pay to the Agent for the account of each Lender, for the period (including any portion thereof when its Revolving Commitment is suspended by reason of the Borrower’s inability to satisfy any condition of Article V) commencing on the Fifth Fourth Amended and Restated Effective Date and continuing through the Revolving Commitment Termination Date, a commitment fee at the rate equal to the Applicable Margin for Commitment Fees per annum on such Lender’s Percentage of the sum of the average daily unused portion of the Revolving Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first such day following the Fifth Fourth Amended and Restated Effective Date and on the Revolving Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Novamed Inc)

Revolving Commitment Fee. The Borrower agrees to pay to the ------------------------ Agent for the account of each Lender, for the period (including any portion thereof when its Revolving Commitment is suspended by reason of the Borrower’s 's inability to satisfy any condition of Article V) commencing on the Fifth Amended and Restated Effective Original Closing Date and continuing through the Revolving Commitment Termination Date, a commitment fee at the rate equal to the Applicable Margin for Commitment Fees per annum on such Lender’s 's Percentage of the sum of the average daily unused portion of the Revolving Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first such day following the Fifth Amended and Restated Effective Original Closing Date and on the Revolving Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Novamed Eyecare Inc)

AutoNDA by SimpleDocs

Revolving Commitment Fee. The Borrower agrees to pay to the Agent for the account of each Lender, for the period (including any portion thereof when its Revolving Commitment is suspended by reason of the Borrower’s 's inability to satisfy any condition of Article V) commencing on the Fifth Third Amended and Restated Effective Date and continuing through the Revolving Commitment Termination Date, a commitment fee at the rate equal to the Applicable Margin for Commitment Fees per annum on such Lender’s 's Percentage of the sum of the average daily unused portion of the Revolving Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first such day following the Fifth Third Amended and Restated Effective Date and on the Revolving Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Novamed Eyecare Inc)

Revolving Commitment Fee. The Borrower agrees to pay to the tothe ------------------------ Agent for the account of each Lender, for the period (including any portion thereof when its Revolving Commitment is suspended by reason of the Borrower’s 's inability to satisfy any condition of Article V) commencing on the Fifth Amended and Restated Effective Date and continuing through --------- the Revolving Commitment Termination Date, a commitment fee at the rate equal to the Applicable Margin for Commitment Fees per annum on such Lender’s 's Percentage of the sum of the average daily unused portion of the Revolving Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first such day following the Fifth Amended and Restated Effective Date and on the Revolving Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Novamed Eyecare Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!