Common use of Undrawn Fee Clause in Contracts

Undrawn Fee. On each Undrawn Fee Payment Date, the Borrower shall pay to the Administrative Agent, for the account of each applicable Lender, a commitment fee for each such Lender (the “Undrawn Fees”) in an amount equal to the Undrawn Fee Amount.

Appears in 3 contracts

Samples: Loan Agreement (Vivint Solar, Inc.), Loan Agreement (Vivint Solar, Inc.), Loan Agreement (Vivint Solar, Inc.)

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Undrawn Fee. On each Undrawn Fee Payment Date, the Borrower shall pay to the Administrative Agent, Agent (for the account of each applicable Lender, the Lenders on a commitment fee for each such Lender (the “Undrawn Fees”pro rata basis) in an amount equal to the Undrawn Fee Amountin the amount set forth in the Lender Fee Letter.

Appears in 1 contract

Samples: Credit and Security Agreement (SLR Private Credit BDC II LLC)

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