Up-Front Fee. The Borrower shall pay to the Administrative Agent, for the account of each Lender party hereto on the date hereof, on the Closing Date in immediately available funds, a one-time, up-front fee equal to 3.0% of the aggregate Commitments of all of the Lenders.
Appears in 2 contracts
Samples: Debt Agreement (Railworks Corp), Debt Support Credit Agreement (Railworks Corp)
Up-Front Fee. The Borrower shall also pay to the Administrative Agent, for the ratable account of each Lender party hereto on the date hereofLender, on the Closing Date in immediately available funds, a one-time, an up-front fee in an amount equal to 3.0% twenty-five hundredths of one percent (.25%) of the aggregate Commitments amount of all of its total Commitment, which shall be payable on the LendersClosing Date.
Appears in 1 contract
Samples: Credit and Security Agreement (Thomaston Mills Inc)
Up-Front Fee. The On the Effective Date, the Borrower shall pay to the Administrative Agent, Agent for the ratable account of each Lender party hereto on the date hereof, on the Closing Date in immediately available funds, a one-time, Lenders an up-front fee in an amount equal to 3.00.25% of the aggregate Commitments of all amount of the LendersCommitments.
Appears in 1 contract