Fees Payable by Borrower Clause Samples
The 'Fees Payable by Borrower' clause defines the borrower's obligation to pay specific fees associated with a loan or credit agreement. This typically includes arrangement fees, administrative charges, or other costs incurred during the processing and maintenance of the loan, which are detailed in the agreement or accompanying schedules. By clearly outlining these financial responsibilities, the clause ensures transparency regarding the borrower's payment obligations and helps prevent disputes over unexpected or undisclosed charges.
Fees Payable by Borrower. The Borrower agrees to pay the Agent such fees as are set forth in the Fee Letter.
Fees Payable by Borrower. The Borrower agrees to pay to the Agent and the Secondary Lenders such fees as are set forth in the Fee Letter.
Fees Payable by Borrower. The Borrower agrees to pay to the Program Agent for the benefit of the applicable Secured Parties such fees as are set forth in the Fee Letter.
Fees Payable by Borrower. (a) The Borrower hereby agrees to pay to each Lender, other than a Defaulting Lender, a commitment fee (a “Commitment Fee”) as set forth in the Fee Letter. Commitment Fees accrued during each Collection Period shall be payable in accordance with Section 9.01(a) on the related Payment Date.
(b) All payments by or on behalf of the Borrower under this Section 2.13 shall be made in accordance with the Priority of Payments.
Fees Payable by Borrower. (a) The Borrower hereby agrees to pay to each Lender, other than a Defaulting Lender, a commitment fee (a “Commitment Fee”) on the daily average unused amount of the Commitment of such Lender, for each day during the period from the Closing Date until the Revolving Commitment Termination Date, at a rate equal to (x) 0.60% per annum if and for so long as the outstanding principal amount of the Advances is less than 50% of the Commitment and (y) otherwise, 0.35% per annum. Commitment Fees accrued during each Collection Period shall be payable on the related Payment Date. All payments by or on behalf of the Borrower under this Section 2.13(a) shall be made in accordance with the Priority of Payments. The Facility Agent shall determine the amount of each Commitment Fee with respect to each Payment Date and notify the Collateral Agent of such amount at least three Business Days prior to the related Payment Date.
(b) The Borrower agrees to pay to the Structuring Agent, for its own account, the fees in the amounts and on the dates set forth in the Engagement Letter.
Fees Payable by Borrower. (a) The Borrower hereby agrees to pay to each Lender, other than a Defaulting Lender, a commitment fee (a “Commitment Fee”) on the daily average unused amount of the Commitment of such Lender, for each day during the period from the date hereof until the Commitment Termination Date, at a rate equal to 0.75% per annum. Commitment Fees accrued during each Collection Period shall be payable on the related Payment Date.
(b) All payments by or on behalf of the Borrower under this Section 2.13 shall be made in accordance with the Priority of Payments.
Fees Payable by Borrower. Commitment Fee: $75,000.00 (payable in full on the date hereof) Unused Revolving Line of Credit Commitment Fee: 0.375% per annum of daily average of unadvanced amounts under Revolving Line of Credit Loan (based upon maximum amount of $5,000,000.00), determined quarterly and payable in arrears
Fees Payable by Borrower. (a) The Borrower hereby agrees to pay to each Lender, other than a Defaulting Lender, a commitment fee (a “Commitment Fee”) on:
(i) the unused amount of the Revolving Commitment of such Lender, for each day from the First A&R Closing Date until the Revolving Commitment Termination Date, at a rate equal to (x) 0.35% per annum if as of such date the outstanding principal amount of the Revolving Advances is greater than 50% of the Revolving Commitment and (y) otherwise, 0.50% per annum; and
(ii) the unused amount of the Term Commitment of such Lender, (x) for each day for the first three (3) months following any Incremental Commitment Effective Date, at a rate equal to 0.35% per annum and (y) for each day thereafter, 0.50% per annum. Commitment Fees accrued during each Collection Period shall be payable on the related Payment Date. All payments by or on behalf of the Borrower under this Section 2.13(a) shall be made in accordance with the Priority of Payments. The Facility Agent shall determine the amount of each Commitment Fee with respect to each Payment Date and notify the Collateral Agent of such amount at least three (3) Business Days prior to the related Payment Date.
(b) The Borrower agrees to pay to the Facility Agent, for its own account, the fees in the amounts and on the dates set forth in the applicable Fee Letter.
Fees Payable by Borrower. The Borrower agrees to pay to each Managing Agent, for the account of the Lenders and Secondary Lenders in the related Lender Group, such fees as are set forth in the Fee Letter.
Fees Payable by Borrower. Initial Commitment Fee: $2,500.00 payable on the date hereof. Unused Commitment Fee: .25% per annum of the daily average of unadvanced amounts under the Revolving Line of Credit (based upon the maximum available amount thereunder of $3,000,000.00), determined and payable quarterly in arrears during such times as the BORROWER has funds invested for management with Fleet Investment Advisors of less than $12,000,000.00.