Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.50% per annum (calculated on a 360-day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 8 contracts
Sources: Revolving Term Loan Supplement (South Dakota Soybean Processors LLC), Revolving Term Loan Supplement (South Dakota Soybean Processors LLC), Revolving Term Loan Supplement (South Dakota Soybean Processors LLC)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.501/2 of 1% per annum (calculated on a 360-360 day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 7 contracts
Sources: Revolving Term Loan Supplement (Advanced BioEnergy, LLC), Revolving Term Loan Supplement (South Dakota Soybean Processors LLC), Revolving Term Loan Supplement (Green Plains Renewable Energy, Inc.)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.500.25% per annum (calculated on a 360-day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment. For purposes of calculating the commitment fee only, the “Commitment” shall mean the dollar amount specified in Section 1 hereof, irrespective of the Borrowing Base.
Appears in 6 contracts
Sources: Monitored Revolving Credit Supplement (South Dakota Soybean Processors LLC), Monitored Revolving Credit Supplement (South Dakota Soybean Processors LLC), Monitored Revolving Credit Supplement (South Dakota Soybean Processors LLC)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment Commitment, at the rate of 0.50% 15 basis points per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month calendar quarter (or portion thereof) occurring during the original or any extended term of the Commitment. For the purposes of calculating the commitment fee only, the “Commitment” shall mean the dollar amount specified in Section 1 hereof, irrespective of the Borrowing Base.
Appears in 5 contracts
Sources: Loan Agreement (FCStone Group, Inc.), Loan Agreement (FCStone Group, Inc.), Loan Agreement (FCStone Group, Inc.)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.501/4 of 1% per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment. For purposes of calculating the commitment fee only, the “Commitment” shall mean the dollar amount specified in Section 1 hereof, irrespective of the Borrowing Base.
Appears in 5 contracts
Sources: Loan Agreement (FCStone Group, Inc.), Loan Agreement (Dakota Growers Pasta Co Inc), Loan Agreement (Dakota Growers Pasta Co Inc)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.500.25% per annum (calculated on a 360-day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment. For purposes of calculating the commitment fee only, the "Commitment" shall mean the dollar amount specified in Section 1 hereof, irrespective of the Borrowing Base.
Appears in 5 contracts
Sources: Monitored Revolving Credit Supplement (South Dakota Soybean Processors LLC), Monitored Revolving Credit Supplement (South Dakota Soybean Processors LLC), Monitored Revolving Credit Supplement (South Dakota Soybean Processors LLC)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.50% 20 basis points per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month calendar quarter (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 5 contracts
Sources: Master Loan Agreement (American Crystal Sugar Co /Mn/), Revolving Term Loan Supplement (American Crystal Sugar Co /Mn/), Master Loan Agreement (American Crystal Sugar Co /Mn/)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.501/8 of 1% per annum (calculated on a 360-360 day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 4 contracts
Sources: Master Loan Agreement, Revolving Credit Supplement (Green Plains Renewable Energy, Inc.), Promissory Note and Consolidating Committed Revolving Credit Supplement (Chugach Electric Association Inc)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.501/4 of 1% per annum (calculated on a 360-360 day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment. For purposes of calculating the commitment fee only, the “Commitment” shall mean the dollar amount specified in Section 1 hereof, irrespective of the Borrowing Base.
Appears in 4 contracts
Sources: Master Loan Agreement (South Dakota Soybean Processors LLC), Master Loan Agreement (South Dakota Soybean Processors LLC), Revolving Credit Supplement (South Dakota Soybean Processors LLC)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.50% 20 basis points per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term The unused amount of the Commitment364-Day facility will be the difference between the 364-Day Commitment and the sum of the outstanding 364-Day Facility Loans and the undrawn face amount of all outstanding Letters of Credit.
Appears in 2 contracts
Sources: Master Loan Agreement (American Crystal Sugar Co /Mn/), Master Loan Agreement (American Crystal Sugar Co /Mn/)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.501/4 of 1% per annum (calculated on a 360-day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment. For purposes of calculating the commitment fee only, the “Commitment” shall mean the dollar amount specified in Section 1 hereof, irrespective of the Borrowing Base.
Appears in 2 contracts
Sources: Loan Agreement (Dakota Growers Pasta Co Inc), Loan Agreement (FCStone Group, Inc.)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.501/4 of 1% per annum (calculated on a 360-360 day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment.the
Appears in 2 contracts
Sources: Loan Agreement (South Dakota Soybean Processors LLC), Revolving Credit Supplement (South Dakota Soybean Processors LLC)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.50% 20 basis points per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 2 contracts
Sources: Master Loan Agreement (American Crystal Sugar Co /Mn/), Revolving Term Loan Supplement (American Crystal Sugar Co /Mn/)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.500.375% per annum (calculated on a 360-day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 2 contracts
Sources: Revolving Credit Supplement (Minn Dak Farmers Cooperative), Revolving Credit Supplement (Minn Dak Farmers Cooperative)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.50% 20 basis points per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month calendar quarter (or portion thereof) occurring during the original or any extended term of the Commitment. For purposes of calculating the commitment fee only, the “Commitment” shall mean the dollar amount specified in Section 1 hereof, irrespective of the Borrowing Base.
Appears in 2 contracts
Sources: Revolving Term Loan Supplement (American Crystal Sugar Co /Mn/), Loan Agreement (American Crystal Sugar Co /Mn/)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.500.60% per annum (calculated on a 360-day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 2 contracts
Sources: Revolving Term Loan Supplement, Revolving Term Loan Supplement (Golden Grain Energy)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.50% per annum (calculated on a 360-day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereofthereof ) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Sources: Revolving Term Loan Supplement (South Dakota Soybean Processors LLC)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.50% 20 basis points per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month quarter (or portion thereof) occurring occuring during the original or any extended term of the Commitment.
Appears in 1 contract
Sources: Revolving Term Loan Supplement (American Crystal Sugar Co /Mn/)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.500.20% per annum (calculated on a 360-day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment. For purposes of calculating the commitment fee only, the "Commitment" shall mean the dollar amount specified in Section 1 hereof, irrespective of the Borrowing Base.
Appears in 1 contract
Sources: Monitored Revolving Credit Supplement (South Dakota Soybean Processors LLC)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.501/8 of 1% per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day Revolving Term Loan Supplement RIE089T04C -3- Diamond Foods, Inc. Stockton, California following each monthcalendar quarter. Such fee shall be payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused available portion of the Commitment at the rate of 0.500.250% per annum (calculated on a 360-day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall will be payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Sources: Revolving Term Supplement (U. S. Premium Beef, LLC)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.501/8 of 1% per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Commitment Fee. In consideration of at the Commitmentcommitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.501/4 of 1% per annum (calculated on a 360-360 day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment. For purposes of calculating the commitment fee only, the “Commitment” shall mean the dollar amount specified in Section 1 hereof, irrespective of the Borrowing Base.
Appears in 1 contract
Sources: Revolving Credit Supplement (South Dakota Soybean Processors LLC)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee of $12,500 which will be due on or before September 20, 1997 and a fee of 5 basis points (.05%) on each advance payable on the average daily unused portion 20th of the Commitment at month following the rate of 0.50% per annum (calculated on a 360-day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitmentadvance.
Appears in 1 contract
Sources: Multiple Advance Term Loan Supplement (Gold Kist Inc)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.500.200% per annum (calculated on a 360-day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment. For purposes of calculating the commitment fee only, the "Commitment" shall mean the dollar amount specified in Section 1 hereof, irrespective of the Borrowing Base.
Appears in 1 contract
Sources: Loan Agreement (South Dakota Soybean Processors LLC)
Commitment Fee. In consideration of the Commitment, the Company Borrower agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.500.1875% per annum (calculated on a 360-day basis)annum, payable monthly quarterly in arrears by the 20th day of the month following each monthcalendar quarter, or such other day as CoBank may require in a written notice to the Borrower. Such fee shall be is payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Sources: Master Loan Agreement (Shenandoah Telecommunications Co/Va/)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.50% per annum (calculated on a 360-day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereoftherein) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Sources: Master Loan Agreement (South Dakota Soybean Processors LLC)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.50% 15 basis points per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Sources: Revolving Term Loan Supplement (American Crystal Sugar Co /Mn/)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.501/4 of 1% per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthquarter. Such fee shall be payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Sources: Loan Agreement (FCStone Group, Inc.)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.500.15% per annum (calculated on a 360-360 day basisbasis based on utilization, which is defined as outstanding advances plus issued and outstanding letters of credit divided by the total available amount of the Commitment), payable monthly quarterly in arrears by the 20th day following each monthquarter. Such fee shall be payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.501/4 of 1% per annum (calculated on a 360-360 day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.500.25% per annum (calculated on a 360-day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Sources: Revolving Term Loan Supplement (U. S. Premium Beef, LLC)
Commitment Fee. In consideration of the Commitment, the Company Borrower agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.500.25% per annum (annum, calculated on a 360-day basis), payable monthly quarterly in arrears by the 20th day of the month following each monthcalendar quarter. Such fee shall be is payable for each month quarter (or portion thereof) occurring during the original or any extended term of the CommitmentAvailability Period.
Appears in 1 contract
Sources: Master Loan Agreement (Shenandoah Telecommunications Co/Va/)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.503/20 of 1% per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Commitment Fee. In consideration Inconsideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.500.20% per annum (calculated on a 360-day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment. For purposes of calculating the commitment fee only, the "Commitment" shall mean the dollar amount specified in Section 1 hereof, irrespective of the Borrowing Base.
Appears in 1 contract
Sources: Monitored Revolving Credit Supplement (South Dakota Soybean Processors LLC)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.501/4 of 1% per annum (calculated on a 360-360 day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment. For purposes of this Section 8, the Commitment shall mean the amounts provided in Section 1 above for the applicable Commitment Period, irrespective of the Borrowing Base.
Appears in 1 contract
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.50% 12.5 basis points per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term The unused amount of the Commitment364-Day facility will be the difference between the 364-Day Commitment and the sum of the outstanding 364-Day Facility Loans and the undrawn face amount of all outstanding Letters of Credit.
Appears in 1 contract
Sources: Master Loan Agreement (American Crystal Sugar Co /Mn/)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.50% 12.5 basis points per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month calendar quarter (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Sources: Master Loan Agreement (American Crystal Sugar Co /Mn/)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.502/25 of 1% per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.500.40% per annum (calculated on a 360-day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Sources: Revolving Term Loan Supplement (South Dakota Soybean Processors LLC)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.500.25% per annum (calculated on a 360-day basis), payable monthly quarterly in arrears by the 20th day following each monthcalendar quarter. Such fee shall be payable for each month quarter (or portion thereof) occurring during the original or any extended term of the Commitment. For purposes of calculating the commitment fee only, the “Commitment” shall mean the dollar amount specified in Section 1 hereof, irrespective of the Borrowing Base.
Appears in 1 contract
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.501/4 of 1% per annum (calculated on a 360-360 day basis), payable monthly quarterly in arrears by the 20th day following each monthquarter. Such fee shall be payable for each month quarter (or of portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Sources: Revolving Term Loan Supplement (FCStone Group, Inc.)
Commitment Fee. In consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment at the rate of 0.503/4 of 1% per annum (calculated on a 360-360 day basis), payable monthly in arrears by the 20th day following each month. Such fee shall be payable for each month (or portion thereof) occurring during the original or any extended term of the Commitment.
Appears in 1 contract
Sources: Revolving Term Loan Supplement (Amaizing Energy Holding Company, LLC)