Unused Line Fee for Capital Expenditure Loans. Borrowers shall pay to Agent, for the Pro Rata benefit of Lenders that have Capital Expenditure Loan Commitments, a fee equal to the Unused Line Fee Rate in effect times the amount by which the Capital Expenditure Loan Commitments exceed the average daily balance of Capital Expenditure Loans during any month. Such fee shall be payable in arrears, on the last Business Day of each calendar quarter and on the Capital Expenditure Commitment Termination Date.
Appears in 2 contracts
Samples: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.)
Unused Line Fee for Capital Expenditure Loans. Borrowers shall pay to Agent, for the Pro Rata benefit of Lenders that have Capital Expenditure Loan Commitments, a fee equal to the Unused Line Fee Rate in effect times the amount by which the Capital Expenditure Loan Commitments exceed the average daily balance of Capital Expenditure Loans during any month. Such fee shall be payable in arrears, on the last Business Day of each calendar quarter and on the Capital Expenditure Commitment Termination Date.
Appears in 1 contract
Samples: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.)
Unused Line Fee for Capital Expenditure Loans. Borrowers shall pay to Agent, for the Pro Rata pro rata benefit of Lenders that have Capital Expenditure Loan Commitments, a fee equal to the Unused Line Fee Rate in effect times the amount by which the Capital Expenditure Loan Commitments exceed the average daily balance of Capital Expenditure Loans during any month. Such fee shall be payable in arrears, on the last Business Day of each calendar quarter and on the Capital Expenditure Commitment Termination Date.
Appears in 1 contract
Samples: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.)
Unused Line Fee for Capital Expenditure Loans. Borrowers shall pay to Agent, for the pro rata Pro Rata benefit of Lenders that have Capital Expenditure Loan Commitments, a fee equal to the Unused Line Fee Rate in effect times the amount by which the Capital Expenditure Loan Commitments exceed the average daily balance of Capital Expenditure Loans during any month. Such fee shall be payable in arrears, on the last Business Day of each calendar quarter and on the Capital Expenditure Commitment Termination Date.
Appears in 1 contract
Samples: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.)