Common use of Revolving Loan Commitment Fees Clause in Contracts

Revolving Loan Commitment Fees. Company agrees to pay to Administrative Agent, for distribution to each Non-Defaulting Lender with a Revolving Loan Commitment in proportion to that Revolving Lender’s Pro Rata Share, commitment fees (collectively, the “Commitment Fee”) in Dollars for the period from and including the Closing Date to and excluding the date the Revolving Loan Commitments terminate in their entirety equal to the actual daily amount by which the Revolving Loan Commitment Amount exceeds the sum of (i) the Outstanding Amount of Revolving Loans (but not any outstanding Swing Line Loans) plus (ii) the Outstanding Amount of Letters of Credit multiplied by the Commitment Fee set forth in the table below opposite the applicable Consolidated Leverage Ratio for the four Fiscal Quarter period for which the applicable Compliance Certificate has been delivered pursuant to subsection 6.1(iv), such commitment fees to be calculated on the basis of a 360-day year and the actual number of days elapsed and to be payable quarterly in arrears on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and on the Revolving Loan Commitment Termination Date; Consolidated Leverage Ratio Commitment Fee Greater than or equal to 3.00:1.00 0.300% Greater than or equal to 2.50:1.00 but less than 3.00:1.00 0.250% Greater than or equal to 2.00:1.00 but less than 2.50:1.00 0.225% Greater than or equal to 1.50:1.00 but less than 2.00:1.00 0.175% Greater than or equal to 1.00:1.00 but less than 1.50:1.00 0.150% Less than 1.00:1.00 0.125% 50 provided that from the Closing Date to the date on which Administrative Agent receives a Compliance Certificate pursuant to subsection 6.1(iv) for the fiscal quarter ending September 30, 2016, the Commitment Fee shall be 0.175% per annum.

Appears in 1 contract

Samples: Credit Agreement (Hexcel Corp /De/)

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Revolving Loan Commitment Fees. Company agrees to pay to Administrative Agent, for distribution to each Non-Defaulting Lender with a Revolving Loan Commitment in proportion to that Revolving Lender’s Pro Rata Share, commitment fees (collectively, the “Commitment Fee”) in Dollars for the period from and including the Closing Date to and excluding the date the Revolving Loan Commitments terminate in their entirety Commitment Termination Date equal to the actual daily amount by which the Revolving Loan Commitment Amount exceeds the sum of (i) the Outstanding Amount of Revolving Loans (but not any outstanding Swing Line Loans) plus (ii) the Outstanding Amount of Letters of Credit multiplied by the Commitment Fee set forth in the table below opposite the applicable Consolidated Leverage Ratio for the four Fiscal Quarter period for which the applicable Compliance Certificate has been delivered pursuant to subsection 6.1(iv), such commitment fees to be calculated on the basis of a 360-day year and the actual number of days elapsed and to be payable quarterly in arrears on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and on the Revolving Loan Commitment Termination Date; Consolidated Leverage Ratio Commitment Fee Greater than or equal to 3.00:1.00 0.3000.325 % Greater than or equal to 2.50:1.00 but less than 3.00:1.00 0.2500.275 % Greater than or equal to 2.00:1.00 but less than 2.50:1.00 0.2250.25 % Greater than or equal to 1.50:1.00 but less than 2.00:1.00 0.1750.20 % Greater than or equal to 1.00:1.00 but less than 1.50:1.00 0.1500.175 % Less than 1.00:1.00 0.1250.15 % 50 provided that from the Closing Date to the date on which Administrative Agent receives a Compliance Certificate pursuant to subsection 6.1(iv) for the fiscal quarter ending September 30December 31, 20162014, the Commitment Fee shall be 0.175% per annum.

Appears in 1 contract

Samples: Credit Agreement (Hexcel Corp /De/)

Revolving Loan Commitment Fees. Company agrees to pay to Administrative Agent, for distribution to each Non-Defaulting Lender with a Revolving Loan Commitment in proportion to that Revolving Lender’s Pro Rata Share, commitment fees (collectively, the “Commitment Fee”) in Dollars for the period from and including the Closing Date to and excluding the date the Revolving Loan Commitments terminate in their entirety Commitment Termination Date equal to the actual daily amount by which the Revolving Loan Commitment Amount exceeds the sum of (i) the Outstanding Amount of Revolving Loans (but not any outstanding Swing Line Loans) plus (ii) the Outstanding Amount of Letters of Credit multiplied by the Commitment Fee set forth in the table below opposite the applicable Consolidated Leverage Ratio for the four Fiscal Quarter period for which the applicable Compliance Certificate has been delivered pursuant to subsection 6.1(iv), such commitment fees to be calculated on the basis of a 360-day year and the actual number of days elapsed and to be payable quarterly in arrears on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and on the Revolving Loan Commitment Termination Date; Consolidated Leverage Ratio Commitment Fee Greater than or equal to 3.00:1.00 0.300% Greater than or equal to 2.50:1.00 but less than 3.00:1.00 0.2500.375 % Greater than or equal to 2.00:1.00 but less than 2.50:1.00 0.2250.35 % Greater than or equal to 1.50:1.00 1.25:1.00 but less than 2.00:1.00 0.1750.25 % Greater than or equal to 1.00:1.00 0.50:1.00 but less than 1.50:1.00 0.1501.25:1.00 0.25 % Less than 1.00:1.00 0.1250.50:1.00 0.20 % 50 provided that from the Closing Date to the date on which Administrative Agent receives a Compliance Certificate pursuant to subsection 6.1(iv) for the fiscal quarter ending September 30, 20162013, the Commitment Fee shall be 0.1750.25% per annum.

Appears in 1 contract

Samples: Credit Agreement (Hexcel Corp /De/)

Revolving Loan Commitment Fees. Company agrees to pay to Administrative Agent, for distribution to each Non-Defaulting Lender with a Revolving Loan Commitment in proportion to that Revolving Lender’s Pro Rata Share, commitment fees (collectively, the “Commitment Fee”) in Dollars for the period from and including the Closing Date to and excluding the date the Revolving Loan Commitments terminate in their entirety Commitment Termination Date equal to the actual daily amount by which the Revolving Loan Commitment Amount exceeds the sum of (i) the Outstanding Amount of Revolving Loans (but not any outstanding Swing Line Loans) plus (ii) the Outstanding Amount of Letters of Credit multiplied by the Commitment Fee set forth in the table below opposite the applicable Consolidated Net Leverage Ratio for the four Fiscal Quarter period for which the applicable Compliance Certificate has been delivered pursuant to subsection 6.1(iv), such commitment fees Commitment Fees to be calculated on the basis of a 360-day year and the actual number of days elapsed and to be payable quarterly in arrears on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and on the Revolving Loan Commitment Termination Date; Consolidated Net Leverage Ratio Commitment Fee Greater than or equal to 3.00:1.00 0.300% Greater than or equal to 2.50:1.00 but less than 3.00:1.00 0.2500.40% Greater than or equal to 2.00:1.00 but less than 2.50:1.00 0.225% Greater than or equal to 1.50:1.00 but less than 2.00:1.00 0.1750.35% Greater than or equal to 1.00:1.00 but less than 1.50:1.00 0.1502.00:1.00 0.30% Less than 1.00:1.00 0.1250.25% 50 provided that from at all times following the Closing Date to the date on which Administrative Agent receives a Compliance Certificate pursuant to subsection 6.1(iv) for the fiscal quarter ending September 30, 2016Third Amendment Effective Date, the Commitment Fee shall be 0.1750.50% per annum.

Appears in 1 contract

Samples: Credit Agreement (Ferroglobe PLC)

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Revolving Loan Commitment Fees. Company agrees to pay to Administrative Agent, for distribution to each Non-Defaulting Lender with a Revolving Loan Commitment in proportion to that Revolving Lender’s Pro Rata Share, commitment fees (collectively, the “Commitment Fee”) in Dollars for the period from and including the Closing Date to and excluding the date the Revolving Loan Commitments terminate in their entirety Commitment Termination Date equal to the actual daily amount by which the Revolving Loan Commitment Amount exceeds the sum of (i) the Outstanding Amount of Revolving Loans (but not any outstanding Swing Line Loans) plus (ii) the Outstanding Amount of Letters of Credit multiplied by the Commitment Fee set forth in the table below opposite the applicable Consolidated Net Leverage Ratio for the four Fiscal Quarter period for which the applicable Compliance Certificate has been delivered pursuant to subsection 6.1(iv), such commitment fees Commitment Fees to be calculated on the basis of a 360-day year and the actual number of days elapsed and to be payable quarterly in arrears on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and on the Revolving Loan Commitment Termination Date; Consolidated Net Leverage Ratio Commitment Fee Greater than or equal to 3.00:1.00 0.300% Greater than or equal to 2.50:1.00 but less than 3.00:1.00 0.2500.40% Greater than or equal to 2.00:1.00 but less than 2.50:1.00 0.225% Greater than or equal to 1.50:1.00 but less than 2.00:1.00 0.1750.35% Greater than or equal to 1.00:1.00 but less than 1.50:1.00 0.1502.00:1.00 0.30% Less than 1.00:1.00 0.1250.25% 50 provided that from the Closing Date to the date on which Administrative Agent receives a Compliance Certificate pursuant to subsection 6.1(iv) for the fiscal quarter ending September 30December 31, 20162013, the Commitment Fee shall be 0.1750.25% per annum.

Appears in 1 contract

Samples: Credit Agreement (Globe Specialty Metals Inc)

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