Initial Facility Fee definition

Initial Facility Fee means the initial facility fee payable by the Borrowers pursuant to sub-clause 13.5.1 of the Initial Borrower Loan Agreement.
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Initial Facility Fee. As stated within the General Rates and Fees. “Performance Fee” – As stated within the General Rates and Fees.
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Initial Facility Fee has the meaning ascribed thereto in Clause 10.1.1 (Initial Facility Fee) of the Issuer/Borrower Facility Agreement;
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Examples of Initial Facility Fee in a sentence

  • In consideration of the Issuer making the Initial Term Facilities available, the Initial Borrower shall pay to the Issuer on the Closing Date a fee (the "Initial Facility Fee") in an amount equal to all fees, costs and expenses properly and reasonably incurred by the Issuer on or before the Closing Date in connection with the issue of the Notes, the granting of the Initial Term Advances and the negotiation, preparation and execution of each Transaction Document.

  • This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Bank’s receipt of the reaffirmation of Guaranty attached hereto as Schedule 1, duly executed and delivered by Guarantor, and (c) Borrower’s payment of the Initial Facility Fee.

  • Without prejudice to the obligations of the Issuer to grant the Term Facilities pursuant to this Clause 2 (The Term Facilities), where at any time the Initial Borrower is also required to pay an amount by way of Initial Facility Fee or a Borrower is required to pay an amount by way of Ongoing Facility Fee pursuant to Clauses 11.1.1 (Initial Facility Fee) or 11.

  • The Initial Facility Fee is nonrefundable and deemed fully earned as of the Closing Date.

  • On the Closing Date, Agent shall charge the Term Loan Commitment for the balance of the Initial Facility Fee concurrently with the Lenders’ initial disbursement of the Term Loan hereunder.

  • The Initial Facility Fee or Facility Fee, as applicable, shall cease to accrue upon termination of the Collateral Agreement in accordance with its terms.

  • Without prejudice to the obligations of the Issuer to grant the Term Facilities pursuant to this Clause 2, where at any time the Borrower is also required to pay an amount by way of Initial Facility Fee or Ongoing Facility Fee pursuant to Clauses 10.1.1 (Initial Facility Fee) or 10.

  • Concurrently with the execution and delivery of this Agreement, a fee (the "Initial Facility Fee") in the amount of N/A AND 00/100 Dollars ($N/A).

  • The Facility Fee, the Annual Facility Fee, and the Initial Facility Fee shall be fully earned and due and payable as set forth in the General Rates and Fees.

  • Concurrently with the execution and delivery of this Agreement, a fee (the "Initial Facility Fee") in the amount of THREE THOUSAND AND 00/100 Dollars ($3,000.

Related to Initial Facility Fee

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof: 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Ratings-Based Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee.

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Unused Facility Fee has the meaning specified in Section 2.09(a).

  • Facility Fees has the meaning provided in Section 2.11(a).

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

  • Ticking Fee has the meaning specified in Section 2.09(a).

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Term B Facility means the Term B Loan Commitments and the Term B Loans made hereunder.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Applicable Utilization Fee means, as of any date that the aggregate Advances exceed 33% of the aggregate Commitments, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: -------------------------------- ----------------------------- Public Debt Rating Applicable S&P/Moody's Utilization Fee -------------------------------- ----------------------------- Level 1 BBB+ or Baa1 or above 0.125% -------------------------------- ----------------------------- Level 2 BBB or Baa2 0.250% -------------------------------- ----------------------------- Level 3 BBB- and Baa3 0.000% -------------------------------- ----------------------------- Level 4 BBB- or Baa3 0.000% -------------------------------- ----------------------------- Level 5 BB+ and Ba1 0.000% -------------------------------- ----------------------------- Level 6 Lower than Level 5 0.000% -------------------------------- -----------------------------

  • Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Applicable Fee means, for any day, with respect to any Commitment, the applicable percentage set forth in Annex I under the caption “Applicable Fee”.

  • Undrawn Fee a fee payable pursuant to Section 3.2 for each day of the related Collection Period equal to the product of (x) the aggregate Commitments on such day minus the aggregate principal amount of outstanding Advances on such day times (y) the Undrawn Fee Rate times (z) 1/360.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Applicable Revolving Commitment Fee Percentage means (a) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the second full Fiscal Quarter after the Closing Date, a percentage, per annum, determined by reference to the following table as if the Leverage Ratio then in effect were 3.00:1.00; and (b) thereafter, a percentage, per annum, determined by reference to the Leverage Ratio in effect from time to time as set forth below: >3.00:1.00 0.75% 1.30% <3.00:1.00 >2.50:1.00 0.75% 1.20% No change in the Applicable Revolving Commitment Fee Percentage shall be effective until three (3) Business Days after the date on which the Administrative Agent has received the applicable financial statements and a Compliance Certificate pursuant to Section 5.01(c) calculating the Leverage Ratio. At any time the Borrower Representative has not submitted to the Administrative Agent the applicable information as and when required under Section 5.01(c), the Applicable Revolving Commitment Fee Percentage shall be determined as if the Leverage Ratio were in excess of 3.00:1.00. Promptly following receipt of the applicable information under Section 5.01(c), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Revolving Commitment Fee Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.01 is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Revolving Commitment Fee Percentage for any Applicable Period than the Applicable Revolving Commitment Fee Percentage applied for such Applicable Period, then (i) the Borrower Representative shall immediately deliver to the Administrative Agent a correct certificate required by Section 5.01 for such Applicable Period, (ii) the Applicable Revolving Commitment Fee Percentage shall be recalculated with the Leverage Ratio at the corrected level and (iii) each applicable Borrower shall immediately pay to the Administrative Agent the accrued additional fees owing as a result of such increased Applicable Revolving Commitment Fee Percentage for such Applicable Period. Nothing in this definition shall limit the right of the Administrative Agent or any Lender under Section 2.10 or Article VIII and the provisions of this definition shall survive the termination of this Agreement.