Revolving Credit Commitment Fee. The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders according to their Revolver Percentages a commitment fee (the “Commitment Fee”) at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. The Commitment Fee shall be payable quarterly in arrears on the last Business Day of each March, June, September, and December in each year (commencing on the first such date occurring after the Closing Date) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the Commitment Fee for the period to the date of such termination in whole shall be paid on the date of such termination; provided, however, that the Commitment Fee accrued with respect to any of the Revolving Credit Commitments of a Defaulting Lender shall be subject to Section 9.6(a)(iii)(A).
Appears in 2 contracts
Samples: Credit Agreement (ATN International, Inc.), Credit Agreement (ATN International, Inc.)
Revolving Credit Commitment Fee. The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders according to their Revolver Percentages a commitment fee (the “Commitment Fee”) at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit CommitmentsCommitments (the “Commitment Fee”); provided, however, that no Commitment Fee shall accrue to the Unused Revolving Credit Commitment of a Defaulting Lender, or be payable for the benefit of such Lender, so long as such Lender shall be a Defaulting Lender. The Such Commitment Fee shall be payable quarterly in arrears on the last Business Day day of each March, June, September, and December in each year (commencing on the first such date occurring after the Closing Datedate hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the Commitment Fee for the period to the date of such termination in whole shall be paid on the date of such termination; provided, however, that the Commitment Fee accrued with respect to any of the Revolving Credit Commitments of a Defaulting Lender shall be subject to Section 9.6(a)(iii)(A).
Appears in 2 contracts
Samples: First Lien Loan Agreement (Vantiv, Inc.), First Lien Loan Agreement (Vantiv, Inc.)
Revolving Credit Commitment Fee. The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders according to their Revolver Percentages a commitment fee (the “Commitment Fee”) at the a rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit CommitmentsCommitments (the “Commitment Fee”); provided, however, that no Commitment Fee shall accrue to the Unused Revolving Credit Commitment of a Defaulting Lender, or be payable for the benefit of such Lender, so long as such Lender shall be a Defaulting Lender. The Such Commitment Fee shall be payable quarterly in arrears on the last Business Day day of each March, June, September, and December in each year (commencing on the first such date occurring after the Closing Restatement Effective Date; provided that any such fee pursuant to the Original Credit Agreement that had accrued and was unpaid as of the Restatement Effective Date shall continue to accrue and shall be payable as of the first payment date following the Restatement Effective Date) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the Commitment Fee for the period to the date of such termination in whole shall be paid on the date of such termination; provided, however, that the Commitment Fee accrued with respect to any of the Revolving Credit Commitments of a Defaulting Lender shall be subject to Section 9.6(a)(iii)(A).
Appears in 2 contracts
Samples: Loan Agreement (Vantiv, Inc.), Loan Agreement (Vantiv, Inc.)
Revolving Credit Commitment Fee. The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders according to their Revolver Percentages a commitment fee (the “Commitment Fee”) at the a rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit CommitmentsCommitments (the “Commitment Fee”); provided, however, that no Commitment Fee shall accrue to the Unused Revolving Credit Commitment of a Defaulting Lender, or be payable for the benefit of such Lender, so long as such Lender shall be a Defaulting Lender. The Such Commitment Fee shall be payable quarterly in arrears on the last Business Day day of each March, June, September, and December in each year (commencing on the first such date occurring after the Closing Datedate hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the Commitment Fee for the period to the date of such termination in whole shall be paid on the date of such termination; provided, however, that the Commitment Fee accrued with respect to any of the Revolving Credit Commitments of a Defaulting Lender shall be subject to Section 9.6(a)(iii)(A).
Appears in 2 contracts
Samples: Loan Agreement (Vantiv, Inc.), Loan Agreement (Vantiv, Inc.)
Revolving Credit Commitment Fee. The Borrower shall pay to the Administrative Agent for the ratable account of the Revolving Credit Lenders according to their Revolver Percentages a commitment fee (the “Revolving Credit Commitment Fee”) at , from the rate per annum equal Effective Date in the case of each such Initial Lender and from the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender in the Applicable Margin (computed on case of each other such Lender until the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. The Commitment Fee shall be Termination Date, payable quarterly in arrears quarterly on the last Business Day of each March, June, September, September and December in each year (commencing on the first such date occurring after the Closing Date) and on the Revolving Credit Termination Date, unless on the average daily Unused Revolving Credit Commitments are terminated in whole on an earlier date, in which event the Commitment Fee for the period to the date of such termination in whole shall be paid on the date Lender disregarding, for purposes of such terminationdetermination, the outstanding amount of any Swing Line Advances; provided, however, that the Commitment Fee any commitment fee accrued with respect to the Revolving Credit Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time; and provided further that no commitment fee shall accrue on any of the Revolving Credit Commitments of a Defaulting Lender so long as such Lender shall be subject to Section 9.6(a)(iii)(A)a Defaulting Lender.
Appears in 1 contract
Samples: First Lien Credit Agreement (Berliner Communications Inc)
Revolving Credit Commitment Fee. The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders according to their Revolver Percentages a commitment fee (the “Commitment Fee”) at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average actual daily Unused Revolving Credit Commitments; provided that Swing Loans outstanding from time to time shall not counted towards or considered usage of the Revolving Credit Commitments for purposes of computing the Commitment Fee. The Commitment Fee shall be payable quarterly in arrears on the last Business Day of each March, June, September, and December in each year (commencing on the first such date occurring after the Closing Date) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the Commitment Fee for the period to the date of such termination in whole shall be paid on the date of such termination; provided, however, that the Commitment Fee accrued with respect to any of the Revolving Credit Commitments of a Defaulting Lender shall be subject to Section 9.6(a)(iii)(A).
Appears in 1 contract
Revolving Credit Commitment Fee. The Borrower shall pay to the Administrative Agent for the ratable account of the Revolving Credit Lenders according to their Revolver Percentages a commitment fee (fee, from the “Commitment Fee”) at date hereof in the rate per annum equal case of each such Initial Lender and from the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender in the Applicable Margin (computed case of each other such Lender until the Termination Date, payable in arrears on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. The Commitment Fee shall be payable Effective Date, thereafter quarterly in arrears on the last Business Day of each March, June, September, September and December in each year (commencing on the first such date occurring after the Closing Date) and on the Revolving Credit Termination Date, unless at a rate of 1/2 of 1% per annum on the average daily Unused Revolving Credit Commitments are terminated in whole on an earlier date, in which event the Commitment Fee for the period to the date of such termination in whole shall be paid on Lender plus its Pro Rata Share of the date of average daily outstanding Swing Line Advances during such terminationquarter; provided, however, that the Commitment Fee any commitment fee accrued with respect to the Revolving Credit Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time; and provided further that no commitment fee shall accrue on any of the Revolving Credit Commitments of a Defaulting Lender so long as such Lender shall be subject to Section 9.6(a)(iii)(A)a Defaulting Lender.
Appears in 1 contract
Samples: Credit Agreement (Trump Entertainment Resorts Holdings Lp)
Revolving Credit Commitment Fee. The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders according to their Revolver Percentages a commitment fee (the “Commitment Fee”) at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit CommitmentsCommitments (the “Commitment Fee”); provided, however, that no commitment fee shall accrue to the Unused Revolving Credit Commitment of a Defaulting Lender, or be payable for the benefit of such Lender, so long as such Lender shall be a Defaulting Lender. The Commitment Fee Such commitment fee shall be payable quarterly in arrears on the last Business Day day of each March, June, September, and December in each year (commencing on the first such date occurring after the Closing Datedate hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the Commitment Fee commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination; provided, however, that the Commitment Fee accrued with respect to any of the Revolving Credit Commitments of a Defaulting Lender shall be subject to Section 9.6(a)(iii)(A).
Appears in 1 contract
Samples: Amendment and Restatement Agreement (Fifth Third Bancorp)
Revolving Credit Commitment Fee. The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders according to their Revolver Percentages a commitment fee (the “Commitment Fee”) at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit CommitmentsCommitments (the “Commitment Fee”); provided however, that no commitment fee shall accrue to the Unused Revolving Credit Commitment of a Defaulting Lender, or be payable for the benefit of such Lender, so long as such Lender shall be a Defaulting Lender. The Commitment Fee Such commitment fee shall be payable quarterly in arrears on the last Business Day day of each March, June, September, and December in each year (commencing on the first such date occurring after the Closing Datedate hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the Commitment Fee commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination; provided, however, that the Commitment Fee accrued with respect to any of the Revolving Credit Commitments of a Defaulting Lender shall be subject to Section 9.6(a)(iii)(A).
Appears in 1 contract
Samples: Loan Agreement (Fifth Third Bancorp)