Common use of Upfront Fee Clause in Contracts

Upfront Fee. In consideration of the agreements set forth herein, Borrower hereby agrees to pay to the Administrative Agent, for the ratable account of the Lenders, an upfront fee in an aggregate amount equal to 0.155% of the commitments of each of the Lenders ($155,000) (the “Upfront Fee”). The entire amount of the Upfront Fee will be fully earned and shall be due and payable in full in cash on the Effective Date.

Appears in 11 contracts

Samples: Credit Agreement (American States Water Co), Credit Agreement (American States Water Co), Credit Agreement (American States Water Co)

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Upfront Fee. In consideration of the agreements set forth herein, The Borrower hereby agrees to shall pay to the Administrative Agent, for the ratable account of the Lenderseach Lender in accordance with its Pro Rata Share, an upfront fee in an aggregate amount equal to 0.1553.375% of the commitments of each of the Lenders ($155,000) Aggregate Commitments (the “Upfront Fee”). The entire amount of the Upfront Fee will be fully earned and shall be due and payable in full in cash on the Effective Date, and shall be deemed fully earned and nonrefundable as of such date.

Appears in 1 contract

Samples: Credit Agreement (Geokinetics Inc)

Upfront Fee. In consideration of the agreements set forth herein, The Borrower hereby agrees to pay to the Administrative Agent, for the ratable account benefit of the Lenderseach Lender, an upfront fee in an aggregate amount equal to 0.1550.45% of the commitments of each of the Lenders ($155,000) (the “Upfront Fee”). The entire aggregate stated principal amount of the Upfront Fee will be fully Loans held by the Lenders on the Effective Date, earned and shall be due and payable in full in cash to the Lenders on the Effective Date.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Grizzly Energy, LLC)

Upfront Fee. In consideration of the agreements set forth herein, Borrower Xxxxxxxx hereby agrees to pay to the Administrative Agent, for the ratable account of the Lenders, an upfront fee in an aggregate amount equal to 0.155% of the commitments of each of the Lenders ($155,000) (the “Upfront Fee”). The entire amount of the Upfront Fee will be fully earned and shall be due and payable in full in cash on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Golden State Water CO)

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Upfront Fee. In consideration of the agreements set forth herein, Borrower hereby agrees shall have paid to pay to the Administrative Agent, for the ratable account of the Lenders, Agent an upfront fee in for the account of each Lender. The Lenders which are parties to the Original Credit Agreement shall be paid an aggregate amount upfront fee equal to 0.155% of 75 basis points multiplied by the commitments of each of the Lenders ($155,000) (the “Upfront Fee”). The entire dollar amount of the Upfront Fee will be fully earned and shall be due and payable in full in cash on excess of their new Commitments over their then existing previous Commitments under the Effective DateOriginal Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Gulfport Energy Corp)

Upfront Fee. In consideration of the agreements set forth herein, Borrower hereby agrees to The Borrowers shall pay to the Administrative Agent, for the ratable account of the Lenderseach Lender in accordance with its Applicable Percentage, an upfront fee in an aggregate amount equal to 0.155% of the commitments of each of the Lenders ($155,000) (the “Upfront Fee”). The entire ) equal to 0.25% per annum times the amount of the Upfront Fee will be fully earned and shall be due and payable in full in cash Aggregate Commitments on the Effective Date. The Upfront Fee shall be payable in full on the Effective Date, shall be fully earned when paid and shall not be refundable for any reason whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Rue21, Inc.)

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