Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company shall pay to the Agent, for distribution to the Banks pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October 1, 2019 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date). Upon receipt of such payment Agent shall make prompt payment to each Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees described in this Section shall be nonrefundable.
Appears in 3 contracts
Samples: Credit Agreement (Credit Acceptance Corp), Credit Agreement (Credit Acceptance Corp), Credit Agreement (Credit Acceptance Corp)
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrowers shall pay to the Agent, Agent for distribution to the Banks Lenders pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October July 1, 2019 (in respect of the prior calendar quarter or portion thereof)2008, and on the first day of each calendar quarter thereafter and on (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, Agent shall make prompt payment to each Bank Lender of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable.
Appears in 2 contracts
Samples: Joinder Agreement (PMFG, Inc.), Credit and Term Loan Agreement (Peerless Manufacturing Co)
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrower shall pay to the Agent, Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October 1, 2019 (in respect of the prior calendar quarter or portion thereof)September 1 2019, and on the first day of each calendar quarter December, March, June, and September thereafter and on (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, the Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable.
Appears in 2 contracts
Samples: Credit Agreement (Accolade, Inc.), Credit Agreement (Accolade, Inc.)
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company The Borrower shall pay to the Agent, Agent for distribution the account of the Lenders an annual revolving credit facility fee (the "Revolving Credit Facility Fee") equal to the Banks pro-rata in accordance with their respective Percentagesproduct of (i) the daily average amount of the difference between the Aggregate Revolving Credit Commitment and the aggregate outstanding Revolving Credit Loans, a and (ii) the applicable Revolving Credit Fee Percentage. The Revolving Credit Facility Fee determined by multiplying shall accrue from and including the Applicable Fee Percentage per annum times Closing Date to and including the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basisTermination Date. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October 1, 2019 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter Revolving Credit Fee Payment Date and on the Revolving Credit Maturity Termination Date, with the amount of each such installment being equal to (x) the daily average amount of the difference between the Aggregate Revolving Credit Commitment and shall be computed on the basis aggregate outstanding Revolving Credit Loans during the applicable quarter or other period, multiplied by (y) the Revolving Credit Fee Percentage in effect as of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment date the applicable installment of the Revolving Credit Facility Fee shall be is due on hereunder, multiplied by (z) a day which is not a Business Dayfraction, the date for payment thereof shall be extended to numerator of which equals the next Business Day (it being understood that such extension will not increase actual number of days in the amount applicable quarter or other period and the denominator of which equals 360, based on the number of days in the year in which the applicable quarter or other period occurs. Each installment of the Revolving Credit Facility Fee payable on such later date). Upon receipt of such payment received by the Agent shall make prompt payment be distributed by the Agent to each Bank of its share of the Lenders ratably in accordance with the Lenders' respective Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees described in this Section shall be nonrefundableCommitment Percentages.
Appears in 2 contracts
Samples: Credit Agreement (Markel Corp), Credit Agreement (Markel Corp)
Revolving Credit Facility Fee. From the Effective Date March 21, 2019 to the Revolving Credit Maturity Date, the Company Borrower shall pay to the Agent, Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October June 1, 2019 (in respect of the prior calendar quarter or portion thereof)2019, and on the first day of each calendar quarter September, December, March and June thereafter and on (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, the Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable.β
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Montauk Renewables, Inc.)
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrower shall pay to the Agent, Agent for distribution to the Banks pro-Revolving Credit Lenders pro rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee determined by multiplying quarterly in arrears commencing on January 15, 2007 (in respect of the Applicable prior fiscal quarter or portion thereof), and on the fifteenth day of each January, April, July and October thereafter in respect of the three month period then ended. The Revolving Credit Facility Fee Percentage per annum times shall be equal to the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), ) multiplied by the Applicable Fee Percentage computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October 1, 2019 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable under any circumstances.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company shall pay to the Agent, for distribution to the Banks pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October July 1, 2019 2011 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date). Upon receipt of such payment Agent shall make prompt payment to each Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees described in this Section shall be nonrefundable.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Closing Date to the Revolving Credit Maturity Date, the Company shall Borrowers jointly and severally agree to pay to the Agent, Administrative Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee in arrears from the Closing Date through the earlier of December 10, 2009, and the Effective Date, in advance commencing on the Effective Date for the period from the Effective Date through February 1, 2010, and in advance on the first day of each February, May, August and November thereafter (in respect of the following three months or any portion thereof). The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof in effect (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October 1, 2019 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, the Administrative Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable.
Appears in 1 contract
Samples: Revolving and Term Loan Credit Agreement (American Midstream Partners, LP)
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company shall pay to the Agent, Administrative Agent for distribution to the Revolving Credit Banks pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October April 1, 2019 2004 (in respect of the prior calendar fiscal quarter or portion thereof), and on the first day of each calendar fiscal quarter thereafter and on thereafter. The Revolving Credit Facility Fee payable to each Revolving Credit Bank shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, Administrative Agent shall make prompt payment to each Revolving Credit Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable under any circumstances.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company The Borrower shall pay to the AgentAgent for the account of the Revolving Credit Lenders a revolving credit facility fee, for distribution from the Closing Date in the case of each Initial Lender and from the effective date specified in the Assignment and Acceptance pursuant to the Banks pro-rata in accordance with their respective Percentages, which it became a Revolving Credit Facility Fee determined by multiplying Lender in the Applicable Fee Percentage per annum times case of each other Lender until the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused)Termination Date, computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears quarterly on the last day of each December, March, June and September, commencing October 1, 2019 (in respect of the prior calendar quarter or portion thereof)December 1997, and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Termination Date, and shall be computed on the basis of at a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of rate per annum equal to the Revolving Credit Facility Fee shall be due Percentage on a day which is not a Business Daythe average daily outstanding Revolving Credit Commitment of each Revolving Credit Lender; provided, the date for payment thereof shall be extended however, that any revolving credit facility fee accrued with respect to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee Commitment 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 revolving credit facility fee shall otherwise have been due and payable by the Borrower prior to such time; and provided further that no revolving credit facility fee shall accrue on such later date). Upon receipt of such payment Agent shall make prompt payment to each Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees described in this Section Commitment of a Defaulting Lender so long as such Lender shall be nonrefundablea Defaulting Lender.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company shall pay to the Agent, for distribution to the Banks pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October July 1, 2019 2014 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date). Upon receipt of such payment Agent shall make prompt payment to each Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees described in this Section shall be nonrefundable.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrower shall pay to the Agent, Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October 1, 2019 2007 (in respect of the prior calendar quarter or any portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsedthereafter. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Day. The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the average daily amount by which such Lender's Percentage of the Revolving Credit Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on such later date)the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Upon receipt of such payment payment, Agent shall make prompt payment to each Bank Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable under any circumstances.
Appears in 1 contract
Samples: Credit Agreement (Englobal Corp)
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrowers shall pay to the Agent, Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears on the first day of each calendar quarter, commencing October January 1, 2019 2023, and on the applicable Maturity Date (in respect of the prior calendar quarter or any portion thereof), and on . The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the first day of each calendar quarter thereafter and on Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date). Upon receipt of such payment payment, the Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood Borrowers acknowledge that the Revolving Credit Facility fees Fees described in this Section are not refundable and shall be nonrefundableaccrue at all times from the Effective Date to the Revolving Credit Maturity Date, whether or not one or more of the conditions in Section 5 is not satisfied.
Appears in 1 contract
Samples: Credit Agreement (Warby Parker Inc.)
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrowers shall pay to the Agent, Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October February 1, 2019 (in respect of the prior calendar quarter or portion thereof)2011, and on the first day of each calendar quarter thereafter May, August, November and on February (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable.
Appears in 1 contract
Samples: Credit Agreement (National Technical Systems Inc /Ca/)
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrower shall pay to the Agent, Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October April 1, 2019 (in respect of the prior calendar quarter or portion thereof)2013, and on the first day of each calendar quarter January, April, July and October thereafter and on (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, the Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Neophotonics Corp)
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company shall pay to the Agent, for distribution to the Banks pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October JulyOctober 1, 2019 20142019 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date). Upon receipt of such payment Agent shall make prompt payment to each Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees described in this Section shall be nonrefundable.
Appears in 1 contract
Revolving Credit Facility Fee. (a) Revolving Credit Facility Fee. From the Effective Date date hereof to the Revolving Credit Maturity Date, the Company shall pay to the Agent, for distribution to the Banks pro-rata in accordance with their respective Percentages(as set forth below), a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment Maximum Amount then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October July 1, 2019 2004 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment Agent shall make prompt payment to each Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees described in this Section shall be nonrefundable.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Restatement Date to the Revolving Credit Maturity Date, the Company Borrower shall pay to the Agent, Agent for distribution to the Banks pro-Revolving Credit Lenders pro rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee determined by multiplying quarterly in arrears commencing on January 15, 2007 (in respect of the Applicable prior fiscal quarter or portion thereof), and on the fifteenth day of each January, April, July and October thereafter in respect of the three month period then ended. The Revolving Credit Facility Fee Percentage per annum times shall be equal to the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), ) multiplied by the Applicable Fee Percentage computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October 1, 2019 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable under any circumstances.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrowers shall pay to the Agent, Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October July 1, 2019 (in respect of the prior calendar quarter or portion thereof)2013, and on the first day of each calendar quarter thereafter and on (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) 360 days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, the Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrower shall pay to the Agent, Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October January 1, 2019 (in respect of the prior calendar quarter or portion thereof)2010, and on the first day of each calendar quarter thereafter and on (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrower shall pay to the Agent, Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October February 1, 2019 (in respect of the prior calendar quarter or portion thereof), 2008 and on the first day of each calendar quarter February, May, August and November thereafter and on (in respect of the Revolving Credit Maturity Date, and shall be computed on the basis of a year of prior three hundred sixty (360) days and assessed for the actual number of days elapsedmonths or any portion thereof). Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Day. The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times such Revolving Credit Lender's Percentage of the Revolving Credit Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on such later date)the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Upon receipt of such payment payment, Agent shall make prompt payment to each Bank Lender of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable under any circumstances.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company shall pay to the Agent, for distribution to the Banks pro-rata in accordance with their respective PercentagesLenders (as set forth below), a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused)) then in effect without giving effect to any reductions therein based on the amount of the LYONs Reserve, computed on a daily basis. The Revolving Credit Facility Facixxxx Fee shall be payable quarterly in arrears commencing October 1, 2019 2003 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment Agent shall make prompt payment to each Bank Lender of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees described in this Section shall be nonrefundable.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date December 23, 2015, to the Revolving Credit Maturity Date, the Company Borrower shall pay to the Agent, Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October April 1, 2019 2016, (in respect of which first payment will also include the prior calendar quarter or prorated portion thereoffor the period from December 23, 2015, through December 31, 2015), and on the first day of each calendar quarter April, July, October and January thereafter and on (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable.
Appears in 1 contract
Samples: Credit Agreement (Universal Truckload Services, Inc.)
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrowers shall pay to the Agent, Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October February 1, 2019 (in respect of the prior calendar quarter or portion thereof)2015, and on the first day of each calendar quarter May, August, November and February thereafter and on (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, the Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable.
Appears in 1 contract
Samples: Credit Agreement (Bazaarvoice Inc)
Revolving Credit Facility Fee. (a) Revolving Credit Facility Fee. From the Effective Date date hereof to the Revolving Credit Maturity Date, the Company shall pay to the Agent, for distribution to the Banks pro-rata in accordance with their respective Percentages(as set forth below), a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment Maximum Amount then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October April 1, 2019 2006 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment Agent shall make prompt payment to each Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees described in this Section shall be nonrefundable.
Appears in 1 contract
Revolving Credit Facility Fee. (a) Revolving Credit Facility Fee. From the Effective Date date hereof to the Revolving Credit Maturity Date, the Company shall pay to the Agent, for distribution to the Banks pro-rata in accordance with their respective Percentages(as set forth below), a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment Maximum Amount then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October July 1, 2019 2003 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment Agent shall make prompt payment to each Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees described in this Section shall be nonrefundable.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company shall pay to the Agent, Administrative Agent for distribution to the Revolving Credit Banks pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October 1, 2019 2002 (in respect of the prior calendar fiscal quarter or portion thereof), and on the first day of each calendar fiscal quarter thereafter and on thereafter. The Revolving Credit Facility Fee payable to each Revolving Credit Bank shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, Administrative Agent shall make prompt payment to each Revolving Credit Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable under any circumstances.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrowers shall pay to the Agent, Agent for distribution to the Revolving Credit Banks pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October July 1, 2019 2002 (in respect of the prior calendar fiscal quarter or portion thereof), and on the first day of each calendar fiscal quarter thereafter and on thereafter. The Revolving Credit Facility Fee payable to each Revolving Credit Bank shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, Agent shall make prompt payment to each Revolving Credit Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable under any circumstances.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrower shall pay to the Agent, Agent for distribution to the Banks Lenders pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October January 1, 2019 (in respect of the prior calendar quarter or portion thereof)2012, and on the first day of each calendar quarter thereafter and on (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, Agent shall make prompt payment to each Bank Lender of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the The Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company shall pay to the Agent, Agent for distribution to the Banks pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October July 1, 2019 2000 (in respect of the prior calendar fiscal quarter or portion thereof, except, with respect to the first fiscal quarter after the Effective Date, such payment shall not be made until and shall include all amounts due at the completion of the next full fiscal quarter), and on the first day of each calendar fiscal quarter thereafter and on thereafter. The Revolving Credit Facility Fee payable to each Bank shall be determined by multiplying the Applicable Fee Percentage times the the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, Agent shall make prompt payment to each Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable under any circumstances.
Appears in 1 contract
Revolving Credit Facility Fee. From the Twelfth Amendment Effective Date to the Revolving Credit Maturity Termination Date, the Company Borrower shall pay to the Agent, Agent for distribution to the Banks Lenders pro-rata in accordance with their respective PercentagesPercentage Share, a Revolving Credit Facility Fee quarterly in arrears commencing August 1, 2010, and on each of the Quarterly Dates thereafter (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Lender, excluding any Impaired Lender(s), shall be determined by multiplying the Facility Fee percentage set forth in the Applicable Fee Percentage per annum Margin pricing grid times the Aggregate Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof in effect (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October 1, 2019 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, Agent shall make prompt payment to each Bank Lender (excluding any Impaired Lender(s)) of its share of the Revolving Credit Facility Fee based upon its respective PercentagePercentage Share. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable.β
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date to the Revolving Credit Maturity Date, the Company Borrowers shall pay to the Agent, Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October April 1, 2019 (in respect of the prior calendar quarter or portion thereof), 2015 and on the first day of each calendar quarter thereafter and on (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) 360 days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, the Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundableare not refundable.
Appears in 1 contract
Revolving Credit Facility Fee. From the Effective Date March 21, 2019 to the Revolving Credit Maturity Date, the Company Borrower shall pay to the Agent, Agent for distribution to the Banks Revolving Credit Lenders pro-rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October June 1, 2019 (in respect of the prior calendar quarter or portion thereof)2019, and on the first day of each calendar quarter September, December, March and June thereafter and on (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving Credit Maturity Date, and Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment payment, the Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood that the Revolving Credit Facility fees Fees described in this Section shall be nonrefundable.are not refundable. [[per First Amendment]]
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Montauk Renewables, Inc.)
Revolving Credit Facility Fee. From the Effective Restatement Date to the Revolving Credit Maturity Date, the Company and the Domestic Permitted Borrowers shall pay to the Agent, for distribution to the Banks pro-rata in accordance with their respective PercentagesRevolving Credit Lenders (as set forth below), a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Aggregate Commitment then applicable under Section 2.15 hereof (whether used or unused), ) then in effect computed on a daily basis. The Revolving Credit Facility Fee shall be payable quarterly in arrears commencing October July 1, 2019 2007 (in respect of the prior calendar quarter or portion thereof), and on the first day of each calendar quarter thereafter and on the Revolving Credit Maturity Date, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day (it being understood that such extension will not increase the amount of the Revolving Credit Facility Fee payable on such later date)Day. Upon receipt of such payment Agent shall make prompt payment to each Bank Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility fees described in this Section shall be nonrefundablePercentage.
Appears in 1 contract