Example ContractsClausesFacility Fee
Facility Fee
Facility Fee contract clause examples

Facility Fee. For the period beginning on the date hereof until the date the Obligations are paid in full and this Agreement is terminated (the “Facility Fee Period”), [[Prologis:Organization]], or any other Borrower that falls within any of the persons set forth in Article 2, Paragraph 1 of the Act on Specified Commitment Line Contract (tokutei yushiwaku keiyaku ni kansuru houritsu) of Japan (Law No. 4 of 1999) (each an “Eligible Borrower”), shall pay to Administrative Agent for the account of the Lenders a facility fee equal to the Applicable Margin for facility fees times the actual daily amount of the aggregate Commitments, irrespective of usage. The facility fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Facility Fee Period. The facility fee shall be payable in Yen. An Eligible Borrower not located in Japan may pay the facility fee through a Borrower that has an office in Japan after giving notice to Administrative Agent of the designation of that Borrower as paying agent. Notwithstanding the foregoing or any other provision of this Agreement, no Loan Party shall be required to pay a facility fee to any Lender for any day on which such Lender is a Defaulting Lender.

Facility Fee. In consideration of the Revolving Commitments hereunder, the Company agrees to pay to the Administrative Agent for the ratable benefit of each Lender in accordance with its Applicable Rate a facility fee (the “Facility Fee”) equal to the Applicable Rate multiplied by the actual daily Aggregate Revolving Committed Amount in effect from time to time, regardless of usage, subject to adjustment as provided in [Section 3.23]. The Facility Fee shall be payable quarterly in arrears on the 15th day following the last day of each calendar quarter for the immediately preceding quarter (or portion thereof), calculated on an actual/360-day basis, beginning with the first such date to occur after the Effective Date and ending on the Termination Date. The Facility Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

Facility Fee. On the Effective Date, the Borrower shall pay to the Administrative Agent, for the account of each of the Lenders, upfront fees in an aggregate amount equal to 2.00% of the Commitment of each Lender.

Facility Fee. A non-refundable facility fee of up to Three Hundred Seventy-Five Thousand Dollars ($375,000) (the “Facility Fee”) to be shared between the Lenders pursuant to their respective Commitment Percentages payable as follows: # Fifty Thousand Dollars ($50,000) of the facility fee shall be fully earned, due and payable on the Effective Date, # a portion of the facility fee equal to 0.5% of the principal amount of the Term A Loan funded after the Effective Date shall fully earned, be due and payable on the Funding Date of such additional portion of the Term A Loan, # a portion of the facility fee equal to 0.5% of the principal amount of the Term B Loan funded after the Effective Date shall fully earned, be due and payable on the Funding Date of the Term B Loan, and # a portion of the facility fee equal to 0.5% of the principal amount of the Term C Loan funded after the Effective Date shall fully earned, be due and payable on the Funding Date of the Term C Loan;

Facility Fee. On or before the Closing Date, a fee equal to $25,000, which shall be nonrefundable;

Facility Fee. On the Seventh Amendment Date, a fee in an amount equal to Thirty Thousand Dollars ($30,000).

Facility Fee. On the Closing Date, a fee payable to each Lender with respect to the Revolving Line equal to 0.075% of such Lender’s Revolving Commitment on the Closing Date; and on each anniversary thereof, 0.075% of such Lender’s Revolving Commitment on such anniversary.

Facility Fee. If, for any day in each calendar quarter during the Term, the daily unpaid balance of the sum of Revolving Advances plus Swing Loans plus the Maximum Undrawn Amount of all outstanding Letters of Credit (the “Usage Amount”) does not equal the Maximum Revolving Advance Amount, then Borrowers shall pay to Agent, for the ratable benefit of Lenders based on their respective Revolving Commitment Percentages, a fee at a rate equal to, as applicable, # if the Usage Amount is less than or equal to twenty percent (20%) of the Maximum Revolving Advance Amount, three-quarters percent (0.75%) per annum or # if the Usage Amount is more than twenty percent of the Maximum Revolving Advance Amount, one-half percent (0.50%) per annum, in each case of (a) or (b), for each such day the amount by which the Maximum Revolving Advance Amount on such day exceeds the Usage Amount on such day (the “Facility Fee”). The Facility Fee shall be payable to Agent in arrears on the first Business Day of each calendar quarter with respect to each day in the previous calendar quarter, and on the last day of the Term with respect to each day in the previous calendar quarter or portion thereof ending on such date, as applicable.

Facility Fee. From and after the date that Borrower obtains an Investment Grade Rating and elects to convert to the Ratings Based Pricing Schedule in accordance with Exhibit G (the “Ratings-Based Pricing Election Date”), a facility fee (the “Facility Fee”) shall accrue and be payable by Borrower to the Administrative Agent for the account of each Revolving Credit Lender on the last day of # the period commencing with the Ratings-Based Pricing Election Date and ending on the last day of the calendar quarter in which the Ratings-Based Pricing Election Date occurs and # each full calendar quarter ending thereafter, and shall be computed on a daily basis by multiplying # the Facility Fee Percentage applicable to such day (as set forth on the Ratings Based Pricing Schedule), expressed as a per diem rate, times the Aggregate Revolving Credit Commitment in effect on such day. The Facility Fee shall be payable quarterly in arrears on the first Business Day of each calendar quarter (for the period ending on the last day of the immediately prior calendar quarter) and upon any termination of the Aggregate Revolving Credit Commitment in its entirety. Following its receipt of any such Facility Fee, Administrative Agent shall promptly pay to each Revolving Credit Lender an amount equal to such Revolving Credit Lender’s Percentage of the daily amount of such Facility Fee, based on such Revolving Credit Lender’s Commitment on such day. The Facility Fee shall be computed on a 360 day year, and actual days elapsed.

Facility Fee. If, for any month during the Term, the daily unpaid balance of the sum of Revolving Advances plus Swing Loans plus the Dollar Equivalent of the Maximum Undrawn Amount of all outstanding Letters of Credit (the "Usage Amount") does not equal the Maximum Revolving Advance Amount, then Borrowers shall pay to Agent, for the ratable benefit of Lenders holding the Revolving Commitments based on their Revolving Commitment Percentages, a fee at a rate equal to the Unused Line Fee for each such day the amount by which the Maximum Revolving Advance Amount on such day exceeds such Usage Amount (the "Facility Fee"). Such Facility Fee shall be payable to Agent in arrears on the first day of each month with respect to the previous month.

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