Common use of Commitment Fees Clause in Contracts

Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Bank a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which payment is made, payable quarterly in arrears on each Payment Date, commencing on the first such date to occur after the date hereof.

Appears in 3 contracts

Sources: Credit Agreement (Istar Inc.), Credit Agreement (Istar Financial Inc), Credit Agreement (Istar Inc.)

Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a commitment fee for in an amount equal to the product of the Applicable Commitment Fee Rate times the daily average unused amount of such Lender’s Commitment during the period from and including the Effective Date to but excluding the date hereof to the last day of the Revolving on which such Lender’s Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which payment is made, terminates. Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Payment Date, commencing Date thereafter and on the first such date to occur after the date hereofMaturity Date.

Appears in 3 contracts

Sources: Credit Agreement (Cimarex Energy Co), Credit Agreement (Cimarex Energy Co), Credit Agreement (Cimarex Energy Co)

Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the account of each Bank Revolving Lender, a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed which shall accrue at the applicable Commitment Fee Rate on the daily average daily amount of the Available Commitment of such Bank during Unused Amount plus the period for which payment is made, Swingline Exposure. Accrued commitment fees shall be payable quarterly in arrears on each Payment Date, commencing Quarterly Date and on the first such date to occur after earlier of the date hereofthe Aggregate Maximum Credit Amounts are terminated or the Termination Date.

Appears in 3 contracts

Sources: Credit Agreement (Black Stone Minerals, L.P.), Credit Agreement (Black Stone Minerals, L.P.), Credit Agreement (Black Stone Minerals, L.P.)

Commitment Fees. The In consideration of each Lender’s commitment to make Loans, Borrower agrees to will pay to the Administrative Agent for the account of each Bank Lender a commitment fee for determined on a daily basis by applying the period from Commitment Fee Rate to such Lender’s Percentage Share of the Unused Borrowing Base determined at the end of each day during the Commitment Period. This commitment fee shall be due and including the date hereof to payable in arrears on the last day of each Fiscal Quarter and at the Revolving end of the Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which payment is made, payable quarterly in arrears on each Payment Date, commencing on the first such date to occur after the date hereof.

Appears in 3 contracts

Sources: Credit Agreement (Vantage Energy Inc.), Credit Agreement (Vantage Energy Inc.), Credit Agreement (Vantage Energy Inc.)

Commitment Fees. The In consideration of each Lender’s commitment to make Loans, Borrower agrees to will pay to the Administrative Agent for the account of each Bank Lender a commitment fee for determined on a daily basis by applying the period from Commitment Fee Rate to such Lender’s Percentage Share of the Availability (calculated excluding outstanding Swing Line Loans) each day during the Commitment Period. This commitment fee shall be due and including the date hereof to payable in arrears on the last day of each Fiscal Quarter and at the Revolving end of the Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which payment is made, payable quarterly in arrears on each Payment Date, commencing on the first such date to occur after the date hereof.

Appears in 2 contracts

Sources: Credit Agreement (Berry Petroleum Co), Credit Agreement (Berry Petroleum Co)

Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the account of each Bank Lender, a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed which shall accrue at the applicable Commitment Fee Rate on the daily average daily amount of the Available Commitment of such Bank during the period for which payment is made, Unused Amount. Accrued commitment fees shall be payable quarterly in arrears on each Payment Date, commencing Quarterly Date and on the first such date to occur after earlier of the date hereofthe Aggregate Maximum Credit Amounts are terminated or the Termination Date.

Appears in 2 contracts

Sources: Credit Agreement, Credit Agreement (Black Stone Minerals, L.P.)

Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, --------------- for the account of each Bank Lender, a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed which shall accrue at the applicable Commitment Fee Rate on the daily average daily amount of the Available Commitment of such Bank during the period for which payment is made, Unused Amount. Accrued commitment fees shall be payable quarterly in arrears on each Payment Date, commencing Quarterly Date and on the first such date to occur after earlier of the date hereofthe Aggregate Maximum Credit Amounts are terminated or the Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Mission Resources Corp)

Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent for the account of each Bank Lender a commitment fee for fee, which shall accrue at the Applicable Percentage per annum on the daily amount of the unused Commitment of such Lender during the period from and including the date hereof Initial Availability Date to the last day of the Revolving Commitment Period, computed at but excluding the Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which payment is made, Termination Date. Such commitment fees shall be payable quarterly in arrears on the last day of each Payment DateMarch, June, September and December, commencing on the first such date to occur after the date hereofEffective Date and on the Commitment Termination Date.

Appears in 1 contract

Sources: Term Credit Agreement (Transocean Inc)

Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the account of each Bank Lender, a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed which shall accrue at the Commitment Fee Rate on the daily average daily amount of the Available Commitment of such Bank during the period for which payment is made, Unused Amount. Accrued commitment fees shall be payable quarterly in arrears on each Payment Date, commencing Quarterly Date and on the first such date to occur after earlier of the date hereofthe Aggregate Maximum Credit Amounts are terminated or the Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Penn Virginia Corp)

Commitment Fees. The Borrower agrees Accruing from the date hereof until the Expiration Date, the Borrowers, jointly and severally agree to pay to the Administrative Agent for the account of each Bank Lender according to its Ratable Share, a nonrefundable commitment fee for (the period from and including the date hereof “Commitment Fee”) equal to the last day of the Revolving Commitment Period, computed at the Applicable Commitment Fee Rate (computed on the average daily amount basis of the Available Commitment a year of such Bank during the period for which payment is made, payable quarterly in arrears on each Payment Date, commencing on the first such date to occur after the date hereof.365 or 366

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Cincinnati Financial Corp)

Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the account of each Bank Lender, a commitment fee on the daily unused amount of such Lender's Commitment for the period each day from and including the date hereof Agreement Date to but excluding the last day of the Revolving Commitment Period, computed Maturity Date at the Commitment Fee Rate on the average daily amount rate of the Available Commitment of such Bank during the period for which payment is made, payable quarterly in arrears on each Payment Date, commencing on the first such date to occur after the date hereof0.5% per annum.

Appears in 1 contract

Sources: Credit Agreement (Genesis Eldercare Acquisition Corp)

Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Bank a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment PeriodClosing Date, computed at the Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which payment is made, payable quarterly in arrears on the last day of each Payment March, June, September and December and on the Termination Date, commencing on the first of such date dates to occur after the date hereof.

Appears in 1 contract

Sources: Revolving Credit Agreement (Globalstar Telecommunications LTD)

Commitment Fees. The Borrower agrees to Borrowers shall pay to the Administrative Agent Agent, for the account of each Bank Lender, a commitment fee on the daily unused amount of such Lender's Commitment for the period each day from and including the date hereof Agreement Date to but excluding the last day of the Revolving Commitment Period, computed Maturity Date at the Commitment Fee Rate on the average daily amount rate of the Available Commitment of such Bank during the period for which payment is made.50% per annum, payable quarterly in arrears (i) on each Quarterly Payment Date, commencing and (ii) on the first such date to occur after the date hereofMaturity Date.

Appears in 1 contract

Sources: Credit Agreement (Genesis Eldercare Acquisition Corp)

Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a commitment fee for the period from and including the date hereof at a per annum rate equal to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate Applicable Margin for commitment fees on the average daily amount of the Available Unused Commitment Amount of such Bank during Lender, from the period for which payment is made, date of this Agreement until the Commitment Termination Date. The commitment fees shall be due and payable quarterly in arrears on the last day of each Payment DateMarch, June, September, and December commencing on March 31, 2005 and continuing thereafter through and including the first such date to occur after the date hereofCommitment Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Brigham Exploration Co)

Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Bank Revolving Lender a commitment fee for the period from and including the date hereof Effective Date to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Bank Lender during the period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the date hereofEffective Date.

Appears in 1 contract

Sources: Credit Agreement (Kadant Inc)

Commitment Fees. The Borrower agrees to pay to the Administrative Agent Agent, for the account of distribution to each Bank a Lender in proportion to that Lender’s Pro Rata Share, commitment fee fees for the period from and including the date hereof Closing Date to and excluding the last day Maturity Date equal to: the average of the daily excess of the Revolving Commitment Period, computed at Commitments over the Revolving Usage multiplied by the Applicable Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which payment is made, Rate. These commitment fees shall be payable quarterly in arrears on each Quarterly Payment Date, commencing Date and on the first such date to occur after the date hereofMaturity Date.

Appears in 1 contract

Sources: Credit Agreement (Eldorado Resorts LLC)

Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent for the account of each Bank a commitment fee for at a rate per annum equal to the period Commitment Fee Rate (determined daily in accordance with the Pricing Schedule) on the daily average unused amount of its Commitment. Such commitment fees shall accrue from and including the Effective Date to but excluding the date hereof to the last day of termination of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which payment is made, Commitments in their entirety. Accrued fees under this Section shall be payable quarterly in arrears on each Payment Date, commencing on the first such date to occur after Quarterly Date and upon the date hereofof termination of the Commitments in their entirety.

Appears in 1 contract

Sources: Credit Agreement (Cabot Oil & Gas Corp)

Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a commitment fee (the “Commitment Fees”) on such Lender’s Percentage of the average daily unused portion of the Commitment Amount, for the period from and (including the date hereof to the last day any portion thereof when its Commitment is suspended by reason of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount Borrower’s inability to satisfy any condition of the Available Commitment of such Bank during the period for which payment is made, payable quarterly in arrears on each Payment Date, Article V) commencing on the first such date to occur after Effective Date and continuing through the date hereofCommitment Termination Date, as set forth in this Section 3.3.

Appears in 1 contract

Sources: Credit Agreement (Royal Caribbean Cruises LTD)

Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the ratable account of each Bank a Lender, commitment fee for fees (the period from and including the date hereof to the last day of the Revolving Commitment PeriodFees”), computed at the Commitment Fee Rate calculated on the average daily amount of the Available Unused Commitment of such Bank during at a per annum rate equal to the period Applicable Margin for which payment is made, Commitment Fees. The Commitment Fees shall accrue from and including the Closing Date to but excluding the Termination Date and shall be payable quarterly in arrears on each Quarterly Payment Date, commencing Date and on the first such date to occur after the date hereofTermination Date.

Appears in 1 contract

Sources: Credit Agreement (Avocent Corp)

Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent for the account of each Bank the Lenders ratably in proportion to their Commitments a commitment fee calculated for each day at the rate of 0.05% per annum on the aggregate amount of the Commitments on such day. Such commitment fee shall accrue for the period account of each Lender from and including the date hereof Effective Date to but excluding the last day earlier of the Revolving Commitment Period, computed at Drawdown Date and the Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which payment is made, payable quarterly in arrears on each Payment Termination Date, commencing on the first and shall be due and payable upon such date to occur after the date hereofearlier date.

Appears in 1 contract

Sources: Term Loan Agreement (United States Steel Corp)

Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a commitment fee for in the period amount of the Applicable Percentage on the daily unused portion of such Lender's Commitment (which unused portion includes the unissued portion of the Facility L/C Commitment) from and including the date hereof to and including the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which payment is madeTermination Date, payable quarterly in arrears on each Payment Date, commencing Date hereafter and on the first such date to occur after Termination Date (the date hereof"Commitment Fee").

Appears in 1 contract

Sources: Long Term Credit Agreement (TBC Corp)

Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the account ratable benefit of each Bank the Lenders, a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Periodone-half of one percent (1/2 of 1%) per annum, computed at the Commitment Fee Rate calculated daily on the average daily actual number of days the Commitments are outstanding on the amount of the Available aggregate Unused Commitment of the Lenders in effect from time to time, such Bank during the period for which payment is made, commitment fee to be payable quarterly in arrears on each Quarterly Payment Date, commencing on Date and upon termination of the first such date to occur after the date hereofCommitments.

Appears in 1 contract

Sources: Credit Agreement (Pinnacle Gas Resources, Inc.)

Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender having a Commitment a commitment fee for equal to 0.50% per annum of the period daily Unused Commitment Amount of such Lender, from and including the date hereof to the last day of the Revolving Commitment Period, computed at this Agreement until the Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which payment is made, Termination Date. The commitment fees shall be due and payable quarterly in arrears on the last day of each Payment DateMarch, June, September, and December commencing on December 31, 2008 and continuing thereafter through and including the first such date to occur after the date hereofCommitment Termination Date.

Appears in 1 contract

Sources: Credit Agreement (ReoStar Energy CORP)

Commitment Fees. The Borrower agrees to Borrowers shall pay to the Administrative Agent for the account of each Bank Lender, a commitment fee (the “Commitment Fee”) for each day at a rate per annum equal to the period Applicable Commitment Fee Rate with respect to the undrawn portion of the Commitments for such day. The Commitment Fee shall accrue from and including the date hereof Effective Date to but excluding the last day Closing Date on the amount of each Lender’s Commitment and shall be due and payable on the earlier of the Revolving Commitment Period, computed at Closing Date and the Commitment Fee Rate on the average daily amount termination of the Available Commitment of such Bank during the period for which payment is made, payable quarterly in arrears on each Payment Date, commencing on the first such date to occur after the date hereofCommitments.

Appears in 1 contract

Sources: Senior Bridge Term Loan Credit Agreement (PPL Corp)

Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a commitment fee for (the period from and including the date hereof to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate Fees”) on the average daily amount unused portion of the Available Commitment of such Bank during Amount, for the period for which payment is made, payable quarterly in arrears on each Payment Date, commencing on the first such date to occur after Effective Date and continuing through the date hereofClosing Date, as set forth in this Section 3.3.

Appears in 1 contract

Sources: Credit Agreement (Royal Caribbean Cruises LTD)

Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent Agent, for the account of each Bank Lender, a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed which shall accrue at the Commitment Fee Rate rate of 0.5% on the daily average daily amount of the Available Commitment of such Bank during the period for which payment is made, Unused Amount. Accrued commitment fees shall be payable quarterly in arrears on each Payment Date, commencing Quarterly Date and on the first such date to occur after earlier of the date hereofthe Aggregate Maximum Credit Amounts and Surety LC Commitment are terminated or the Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Eex Corp)

Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Bank Revolving Credit Lender a commitment fee for the period from and including the date hereof to the last day of the Revolving Credit Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Bank Lender during the period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the date hereof.

Appears in 1 contract

Sources: First Lien Credit Agreement (SRAM International Corp)

Commitment Fees. The Borrower agrees to pay to the Administrative Agent Agent, for the account ratable benefit of each Bank a Lender based upon each such Lender’s Revolving Facility Percentage, as consideration for the Revolving Commitments of the Lenders, commitment fee fees in Dollars (the “Commitment Fees”) for the period from and including the date hereof to the last day of Closing Date to, but not including, the Revolving Commitment PeriodFacility Termination Date applicable to each Class of Revolving Commitments, computed for each day at a rate per annum equal to (i) the Applicable Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which payment is made, payable quarterly in arrears on each Payment Date, commencing on the first such date to occur after the date hereof.times

Appears in 1 contract

Sources: Credit Agreement

Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a commitment fee at a per annum rate equal to the Applicable Margin for commitment fees on the period actual daily Unused Commitment Amount of such Lender, from and including the date hereof to the last day of the Revolving Commitment Period, computed at this Agreement until the Commitment Fee Rate on the average daily amount of the Available Commitment of such Bank during the period for which payment is made, Termination Date. The commitment fees shall be due and payable quarterly in arrears on the last day of each Payment DateMarch, June, September, and December commencing on March 31, 2011 and continuing thereafter through and including the first such date to occur after the date hereofCommitment Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Brigham Exploration Co)

Commitment Fees. The Borrower agrees to From and after the Closing Date, the Borrowers shall pay commitment fees to the Administrative Agent for the ratable account of each Bank a commitment fee for the period from and including the date hereof Lenders in amount equal to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on times the average daily amount by which the Commitment exceeds the sum of the Available Commitment principal amount of such Bank during the period for which payment is made, outstanding Loans and the Letter of Credit Usage. These commitment fees shall be payable quarterly in arrears on the last Business Day of each Payment DateFiscal Quarter, commencing upon any termination or reduction of the Commitment, and on the first such date to occur after the date hereofMaturity Date.

Appears in 1 contract

Sources: Loan Agreement (Jakks Pacific Inc)

Commitment Fees. The Borrower agrees to shall pay to the Administrative Agent for the account of each Bank Lender a commitment fee (the “Commitment Fee”) for each day at a rate per annum equal to the period Applicable Commitment Fee Rate for such day. The Commitment Fee shall accrue from and including the date hereof Effective Date to but excluding the last day Closing Date on the amount of each Lender’s Commitment and shall be due and payable on the earlier of the Revolving Commitment Period, computed at Closing Date and the Commitment Fee Rate on the average daily amount termination of the Available Commitment of such Bank during the period for which payment is made, payable quarterly in arrears on each Payment Date, commencing on the first such date to occur after the date hereofCommitments.

Appears in 1 contract

Sources: Senior Bridge Term Loan Credit Agreement (PPL Corp)