Examples of Delayed Draw Commitment Fee Rate in a sentence
Subject to 5.15(a)(iii)(A), the Borrower shall pay to the Administrative Agent, for the account of the Delayed Draw Lenders, a non-refundable commitment fee (the “Delayed Draw Commitment Fee”) at a rate per annum equal to the Delayed Draw Commitment Fee Rate on the daily unused portion of the Delayed Draw Commitment of the Delayed Draw Lenders (other than the Defaulting Lenders, if any).
The Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders having Delayed Draw Commitments, a fee equal to the Delayed Draw Commitment Fee Rate times the average daily undrawn amount of the Delayed Draw Commitment for the applicable quarter.
The Borrower shall pay to the Administrative Agent for the account of each Lender a fee (the “Delayed Draw Commitment Fee”) for each day at a rate per annum equal to the Delayed Draw Commitment Fee Rate for such day.