Section Fees. The Borrower agrees to pay to the Agent for the account of each Lender a facility fee based on such Lender's Commitment (determined without giving effect to any B Reduction or Borrowing) from the date hereof, in the case of each Bank, and from the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender, in the case of each other Lender, until the Termination Date, payable quarterly in arrears on the last day of each March, June, September and December during the term of such Lender's Commitment, commencing September 30, 1997, and on the Termination Date, at a rate per annum equal to the Applicable Fee Percentage.
Section Fees. The Seller shall pay to the Administrator certain fees in the amounts and on the dates set forth in a letter, dated the date hereof, among Sequa, the Seller and the Administrator (as such letter agreement may be amended, supplemented or otherwise modified from time to time, the "Fee Letter").
Section Fees. Each club within the section agrees to pay the section 50¢ per shooter/per match. Each club agrees to pay said fee within 90 days of a match. All fees for the year must be paid in full by last day of February of the following year unless approved by the Section Treasurer based on extenuating circumstances. The Section Treasurer will notify the section of any exceptions granted, the reason(s) for the extension, and expected payment date, or refer to the SEC for a decision. Section fees shall be used to conduct section business as approved by the SEC, the SC, and the section bylaws. Routine expenses, such as postage, office supplies, and similar expenditure may be purchased by the SC and the Secretary/Treasurer from a xxxxx cash fund which shall be reconciled at the end of each calendar year. The Section Fee Policy is approved and amended by majority vote of the SEC.
Section Fees. Each USPSA club within the section agrees to pay the section 50¢ per shooter/per match. Each club agrees to pay said fee within 90 days of a match or upon any other timetable agreed with the Treasurer. All fees for the year must be paid in full by the last day of February of the following year unless approved by the Section Treasurer based on extenuating circumstances. The Section Treasurer will notify the section of any exceptions granted, the reason(s) for the extension, and expected payment date, or refer to the SEC for a decision. Each Steel Challenge club within the section agrees to pay the section 25¢ per gun/match. Each club agrees to pay said fee within 90 days of a match or upon any other timetable agreed with the Treasurer. All fees for the year must be paid in full by the last day of February of the following year unless approved by the Section Treasurer based on extenuating circumstances. The Section Treasurer will notify the section of any exceptions granted, the reason(s) for the extension, and expected payment date, or refer to the SEC for a decision. Section fees shall be used to conduct section business as approved by the SEC, the SC, and the section bylaws. Routine expenses, such as postage, office supplies, and similar expenditure may be purchased by the SC and the Secretary/Treasurer from a xxxxx cash fund which shall be reconciled at the end of each calendar year. The Section Fee Policy is approved and amended by majority vote of the SEC.
Section Fees. The Borrower agrees to pay to the Administrative Agent, for the account of each Revolving Credit Lender, a commitment fee, which shall accrue at the rate of 0.50% per annum on the average daily unused portion of the Revolving Credit Commitment of such Revolving Credit Lender during the period from the Effective Date to but excluding the date on which the Revolving Credit Commitments terminate. Accrued commitment fees shall be payable in arrears on the 30th day of each January, April, July and October (and, with respect to the commitment fees payable in respect of any Revolving Credit Commitment being terminated or reduced, on the date of such termination or reduction) commencing on April 30, 2000 (or if any such day is not a Business Day, the next succeeding Business Day of that month or, if there is no such succeeding Business Day, the immediately preceding Business Day). All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
Section Fees. 1. Borrower agrees to pay to Agent for the account of each Lender a commitment fee on the daily average unused amount of such Lender's Commitment, for the period from and including the Closing Date to and including the Maturity Date, at the rate of three-eights of one percent (0.375%) per annum. Accrued commitment fees shall be payable in arrears on each Monthly Payment Date beginning on June 30, 1996, and on the Maturity Date.
Section Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a facility fee, which shall accrue at the Applicable Rate on the daily amount of the Commitment of such Lender (whether used or unused) during the period from and including the date hereof to but excluding the date on which such Commitment terminates; provided that, if such Lender continues to have any Revolving Credit Exposure after its Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such Lender's Revolving Credit Exposure from and including the date on which its Commitment terminates to but excluding the date on which such Lender ceases to have any Revolving Credit Exposure. Accrued facility fees shall be payable in arrears on the last day of March, June, September and December of each year and on the date on which the Commitments terminate, commencing on the first such date to occur after the date hereof; provided that any facility fees accruing after the date on which the Commitments terminate shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
Section Fees. (a) The Borrower agrees to pay to each Lender (other than any Defaulting Lender), through the Administrative Agent, on the date that is the last Business Day of March, June, September and December in each year and on the date on which the Revolving Facility Commitments of all the Lenders shall be terminated as provided herein, a commitment fee (a “Commitment Fee”) on the daily amount of the applicable Available Unused Commitment of such Lender during the preceding quarter (or other period commencing with the Closing Date or ending with the date on which the last of the Commitments of such Lender shall be terminated) at a rate equal to the Applicable Commitment Fee. All Commitment Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days. The Commitment Fee due to each Lender shall commence to accrue on the Closing Date and shall cease to accrue on the date on which the last of the Commitments of such Lender shall be terminated as provided herein.
Section Fees. On the First Amendment Effective Date, the Company shall pay:
Section Fees. Each club within the section agrees to pay the section 50¢ per shooter/per match. Each club agrees to pay said fee within 90 days of a match. All fees for the year must be paid in full by January 31 of the following year in progress. Section fees shall be used to conduct section business as approved by the SEC, the SC, and the section bylaws. Routine expenses, such as postage, office supplies, and similar expenditure may be purchased by the SC and the Secretary/Treasurer from a xxxxx cash fund which shall be reconciled at the end of each calendar year. The Section Fee Policy is approved and amended by majority vote of the SEC.
