Examples of Commitment Fee Letter in a sentence
Any payment of interest on any Note or any Reimbursement Obligation and any payment of any Commitment Fee, Letter of Credit Fee or other fee or payment payable by the Borrower under any Loan Document and not paid on the date when due and payable shall bear interest, to the extent permitted by law, at the Alternate Base Rate plus the Applicable Margin for ABR Loans plus 2% per annum from the due date thereof until the date such payment is made.
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The Borrower hereby irrevocably authorizes the Agent to debit any deposit account of the Borrower with the Agent in such amounts as may be necessary with respect to any interest, Commitment Fee, Letter of Credit Participation Fee, facility fee, wire transfer fee or other fee, or any other cost or expense (including Attorney Costs) due and payable to the Agent, for itself or for the benefit of the Lenders, under the Loan Documents.
In the event any Reference Rating shall occur in a different Level than the other applicable Reference Rating, the Commitment Fee, Letter of Credit Fees, and Applicable Margin will be based upon the higher Reference Rating unless the Reference Ratings differ by more than one Level, in which case the Commitment Fee, Letter of Credit Fees and Applicable Margin will be based upon the Level one level below the Level corresponding to the higher Reference Rating.
The Borrower shall pay to the Finnvera Facility Agent, for the account of the Tranche A Lenders, a commitment fee (the “Commitment Fee”) in accordance with the terms and conditions of the Commitment Fee Letter attached hereto as Exhibit “P-6” to this Schedule “P”.