Common use of Unused Fee Clause in Contracts

Unused Fee. The Borrower agrees to pay to the Lender a fee on the quarterly average daily unused portion of the Revolving Commitment from the Closing Date until the Expiration Date at the rate of [ ] basis points ([ ]%) per annum, payable in arrears on the first day of each fiscal quarter, and on the Expiration Date.

Appears in 5 contracts

Sources: Credit Agreement (First Trust Hedged Strategies Fund), Credit Agreement (First Trust Private Credit Fund), Credit Agreement (First Trust Real Assets Fund)

Unused Fee. The Borrower agrees to pay to the Lender a fee on the quarterly average daily unused portion of the Revolving Commitment from the Closing Third Amendment Effective Date until the Expiration Date at the rate of [ ] basis points ([ ]%) per annum, payable in arrears on the first day of each fiscal quarter, and on the Expiration Date.

Appears in 2 contracts

Sources: Credit Agreement (First Trust Alternative Opportunities Fund), Credit Agreement (First Trust Alternative Opportunities Fund)

Unused Fee. The Borrower agrees to pay to the Lender a fee on the quarterly average daily unused portion of the Revolving Commitment from the Closing Third Amendment Effective Date until the Expiration Date at the rate of [ [***] basis points ([ [***]%) per annum, payable in arrears on the first day of each fiscal quarter, and on the Expiration Date.

Appears in 1 contract

Sources: Credit Agreement (First Trust Alternative Opportunities Fund)

Unused Fee. The Borrower agrees to pay to the Lender a fee on the quarterly average daily unused portion of the Revolving Commitment from the Closing Date until the Expiration Date at the rate of [ ] thirty-five basis points ([ ]%[X.XX]%) per annum, payable in arrears on the first day of each fiscal quarter, and on the Expiration Date.

Appears in 1 contract

Sources: Credit Agreement (First Trust Private Assets Fund)

Unused Fee. The Borrower agrees to pay to the Lender a fee on the quarterly average daily unused portion of the Revolving Commitment from the Closing ClosingThird Amendment Effective Date until the Expiration Date at the rate of [ ] ]basis points ([ ]%) per annum, payable in arrears on the first day of each fiscal quarter, and on the Expiration Date.

Appears in 1 contract

Sources: Credit Agreement (First Trust Private Assets Fund)

Unused Fee. The Borrower agrees to pay to the Lender a fee on the quarterly average daily unused portion of the Maximum Revolving Commitment Amount from the Closing First Amendment Effective Date until the Expiration Date at the rate of [ [***] basis points ([ [***]%) per annum, payable in arrears on the first day of each fiscal quarter, and on the Expiration Date. 5. Notwithstanding anything to the contrary, Section 2.2(a) of the Agreement is hereby amended and restated in its entirety as follows:

Appears in 1 contract

Sources: Credit Agreement (First Trust Alternative Opportunities Fund)

Unused Fee. The Borrower agrees to pay to the Lender a fee on the quarterly average daily unused portion of the Revolving Commitment from the Closing Date until the Expiration Date at the rate of [ ] basis points ([ ]%) per annum, payable in arrears on the first day of each fiscal quarter, and on the Expiration Date.

Appears in 1 contract

Sources: Credit Agreement (First Trust Private Credit Fund)

Unused Fee. The Borrower agrees to pay to the Lender a fee on at an annual rate equal to one quarter of one percent (0.25%) per annum of the quarterly aggregate daily average daily unused portion of the Revolving Commitment from the Credit after Closing Date and until the Expiration Date at the rate of [ ] basis points ([ ]%) per annumTermination Date, payable in arrears arrears, such payments to be made first on the first last day of the Calendar Quarter in which Closing occurs and thereafter on the last day of each fiscal quarter, Calendar Quarter and on the Expiration Termination Date.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Pennsylvania Real Estate Investment Trust)