Common use of Up-Front Fee Clause in Contracts

Up-Front Fee. (a) The Borrower shall pay to the COFACE Agent (for the account of each Mandated Lead Arranger) an arrangement fee in an amount equal to two point eight per cent. (2.8%) of the aggregate principal amount of the Total Commitments as at the date of this Agreement (the “Up-front Fee”). (b) The Up-front Fee shall be due on the date of this Agreement and payable on the earlier of: (i) sixty (60) days from the date of this Agreement; and

Appears in 2 contracts

Samples: Coface Facility Agreement (Globalstar, Inc.), Facility Agreement (Globalstar, Inc.)

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Up-Front Fee. (a) The Borrower shall pay to the COFACE BPIFAE Agent (for the account of each Mandated Lead Arranger) an arrangement fee in an amount equal to two point eight per cent. (2.8%) of the aggregate principal amount of the Total Commitments as at the date of this Agreement (the “Up-front Up‑front Fee”). (b) The Up-front Up‑front Fee shall be due on the date of this Agreement and payable on the earlier of: (i) sixty (60) days from the date of this Agreement; and

Appears in 2 contracts

Samples: Bpifae Facility Agreement (Globalstar, Inc.), Bpifae Facility Agreement (Globalstar, Inc.)

Up-Front Fee. (a) The Borrower shall pay to the COFACE Agent (for the account of each Mandated Lead Arranger) an arrangement fee in an amount equal to two point eight per cent. (2.8%) of the aggregate principal amount of the Total Commitments as at the date of this Agreement (the “Up-front Up‑front Fee”). (b) The Up-front Fee shall be due on the date of this Agreement and payable on the earlier of: (i) sixty (60) days from the date of this Agreement; and

Appears in 1 contract

Samples: Coface Facility Agreement (Globalstar, Inc.)

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Up-Front Fee. (a) The Borrower shall pay to the COFACE Agent (for the account of each Mandated Lead Arranger) an arrangement fee in an amount equal to two point eight per cent. (2.8%) of the aggregate principal amount of the Total Commitments as at the date of this Agreement (the “Up-front Fee”). (b) The Up-front Fee shall be due on the date of this Agreement and payable on the earlier of: (i) sixty (60) days from the date of this Agreement; and (ii) Financial Close.

Appears in 1 contract

Samples: Coface Facility Agreement (Globalstar, Inc.)

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