Standby Commitment Fee. Commencing October 15, 2015, at the end of each three months of the loan term, Borrower shall pay to Lender a standby commitment fee equal to one quarter of one percent (0.25%) per annum of the difference between (i) the total amount for which Lender was committed to advance on the line of credit hereunder during the preceding three months and (ii) the average daily principal amount outstanding and owing by Borrower on the line of credit during such period.
Standby Commitment Fee. In consideration for providing the Standby Commitment, the Company shall pay to DCG in cash on the Funding Date an amount equal to the product of (x) $547.95 multiplied by (y) the number of days elapsed from and including December 31, 1996 to and including the Funding Date.
Standby Commitment Fee. Commencing on the Closing Date, the Borrowers shall pay to the Lender a standby commitment fee in Canadian Dollars at an annual rate (based on a 365 day year, or 366 days in the case of a leap year) of 0.375% on the undrawn portion of the amount of the Revolving Commitment, such fee to be calculated and payable monthly, in arrears, on the first Business Day following the end of each calendar month, on the outstanding daily undrawn portion of the Revolving Credit, for the period from the Closing Date to and including the last day of the first calendar month ending after the Closing Date and thereafter from the first day of each calendar month to and including the last day of such calendar month. The Lender will debit the Borrower’s Account for the amount of each standby commitment fee payable hereunder. For purposes of determining the undrawn portion of the Revolving Credit in respect of any Advance in US Dollars, the Lender shall determine the Exchange Equivalent of such Advance in Canadian Dollars on the first Business Day of the month in which such commitment fee is payable.
Standby Commitment Fee. Borrower agrees to pay to the Lender a standby commitment fee on the daily average unused amount of the Commitment, for the period from the date of this Agreement to but excluding the Termination Date, at a rate equal to the A1/P1 commercial paper rate as of the last Business Day of the immediately preceding month plus five (5) basis points per annum. Accrued standby commitment fees shall be payable monthly in arrears on the last Business Day of each month, commencing on the first such Business Day occurring after the date of this Agreement.
Standby Commitment Fee. As compensation to FRP for its Standby Commitment and its obligations under the Master Agreement (including but not limited to its purchase of the MCN Properties as described therein), XXXX agrees to pay to FRP on the Closing Date a standby commitment fee of $6,000,000 (the "STANDBY COMMITMENT FEE"), irrespective of the number of shares of Common Stock purchased by FRP hereunder. The Standby Commitment Fee will at FRP's option (designated no more than one business day prior to the Closing Date) be (a) credited in whole or in part against the purchase price to be paid by FRP in connection with its purchase of the Excess Shares or the Additional Shares, if any, or both hereunder or (b) payable in immediately available funds by wire transfer to an account of FRP designated by FRP.
Standby Commitment Fee. Commencing on the Original Closing Date, the Borrowers shall pay to the Lender a standby commitment fee in Canadian Dollars at an annual rate (based on a 365 day year, or 366 days in the case of a leap year) of 0.375% on the outstanding daily undrawn portion of the Facility for the period from the Original Closing Date to the Maturity Date, such fee to be calculated and payable monthly, in arrears, on the first Business Day following the end of each calendar month or on the Maturity Date, as applicable. The Lender will debit the Borrower’s Account for the amount of each standby commitment fee payable hereunder. For purposes of determining the undrawn portion of the Facility in respect of any Advance in US Dollars, the Lender shall determine the Exchange Equivalent of such Advance in Canadian Dollars on the first Business Day of the month in which such standby commitment fee is payable.
Standby Commitment Fee. As consideration for its obligations hereunder, the Standby Purchaser shall receive a fee of $600,000 (the “Standby Commitment Fee”). The Standby Commitment Fee shall be payable on the Standby Closing Date by the issuance to the Standby Purchaser of additional shares of Common Stock at $0.01 per share, for a total Standby Commitment Fee of 60,000,000 shares of Common Stock (the “Fee Shares”). The Fee Shares will be validly issued, fully paid and non-assessable. The Company shall pay any documentary, stamp or similar issue or transfer taxes due upon the issuance and delivery of the Fee Shares to the Standby Purchaser.
Standby Commitment Fee. As compensation to the Purchasers for satisfying their commitments, the Company agrees to issue to each of the Purchasers that has fulfilled its obligation to purchase Unsubscribed Shares pursuant to this Agreement warrants to purchase shares of the Company's Common Stock (the "STANDBY COMMITMENT FEE WARRANTS"). The number of Standby Commitment Fee Warrants issuable to each Purchaser shall be determined in accordance with the following formula: N = P x 10.7% x O where N = the number of Standby Commitment Fee Warrants issuable to a Purchaser; P = the Proportionate Share of such Purchaser; and O = the total number of shares of Common Stock outstanding on a fully diluted basis (without giving effect to issuances of Common Stock and securities exercisable for Common Stock to the Company's management under the proposed 2005 Incentive Plan and assuming that two-thirds of the Company's Series B Preferred Stock outstanding on the date of this Agreement has been repurchased or redeemed) following consummation of the Rights Offering and the purchase of the Unsubscribed Shares pursuant to this Agreement. The Standby Commitment Fee Warrants shall be in the form attached hereto as Exhibit B, with each such warrant having an initial exercise price equal to the Per Share Subscription Price and an expiration date of July 31, 2006. Such Standby Commitment Fee Warrants shall be delivered to the Purchasers on the Closing Date, but each Purchaser shall be deemed to have earned its Standby Commitment Fee Warrants effective as of the time its right and obligation to purchase its Proportionate Share of the Unsubscribed Shares shall become fixed, as provided in Section 1.2.
Standby Commitment Fee. As compensation to Fairholme for agreeing and satisfying its commitment to purchase the Standby Shares, the Company agrees to pay FCM a cash fee of $_______, payable at Closing (the “Standby Commitment Fee”).
Standby Commitment Fee. Commencing on the Closing Date, the Borrower shall pay to each Lender a Standby Commitment Fee in US Dollars at an annual rate (based on the actual number of days in the relevant calendar year, whether three hundred sixty-five (365) or three hundred sixty-six (366), as the case may be) to be determined in accordance with the Pricing Grid on the undrawn portion of the amount of such Xxxxxx’s Commitments, such fee to be calculated and payable quarterly, in arrears, on the first Business Day following the end of each calendar quarter, on the outstanding daily undrawn portion of the Revolving Facility for the period from the Closing Date to and including the last day of the first calendar quarter ending after the Closing Date and thereafter from the first day of each calendar quarter to and including the last day of such calendar quarter. The Administrative Agent will debit the Borrower’s Account for the amount of such Standby Commitment Fee. For purposes of determining the undrawn portion of the Revolving Facility in respect of any Advance in US Dollars, the Administrative Agent shall determine the Exchange Equivalent of such Advance in US Dollars on the first Business Day of the applicable quarter in which such Standby Commitment Fee is payable.
