Ticking Fee. The Borrowers shall pay to the Administrative Agent for the account of each Term A-2 Lender (other than Defaulting Lenders to the extent set forth in [Section 2.16(a)(iii)]), a ticking fee (the “Ticking Fee”) equal to 0.20% per annum of the daily unused portion of each Term A-2 Lender’s Term A-2 Commitment. The Ticking Fee shall accrue at all times during the Availability Period in respect of the Term A-2 Facility, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable on the last date of the Availability Period in respect of the Term A-2 Facility (and, if applicable, thereafter on demand).
The “Ticking Fee Rate” at any date is a rate per annum equal to the then applicable rate set forth in the “Pricing Grid” below under the column headed “Ticking Fee.”
“Ticking Fee” has the meaning specified in [Section 2.08(a)].
“Delayed Draw Ticking Fee” has the meaning assigned to such term in Section 2.11(h).
Fee. The Parties acknowledge that TCDS has paid to EDS the amounts specified in Exhibit A (Assignment Fees) in consideration for the prior grant of rights under the Assignment Agreement.
SECTION #Ticking Fee. The Borrowers shall pay (or cause to be paid) on the Funding Date, to the 2021-1 Incremental Term Lender, for the benefit of each person that received an allocation in respect of the 2021-1 Incremental Term Loans pursuant to the primary syndication thereof (each, a “Syndicate Lender”), a ticking fee (collectively, the “Ticking Fees”) on the aggregate commitments in respect of the 2021-1 Incremental Term Loans allocated to such Syndicate Lender pursuant to the primary syndication of the 2021-1 Incremental Term Loans. The Ticking Fee shall accrue at a per annum rate equal to (in each case, calculated on the basis of the actual number of days elapsed in a 360-day year): # from and including the date of pricing of the 2021-1 Incremental Term Loans in primary syndication thereof, which date occurred on June 23, 2021 (the “Trigger Date”) to and including the date that is 45 days after the Trigger Date, 0.00%, # from and including the date that is 46 days after the Trigger Date to and including the date that is 90 days after the Trigger Date, 50% of the applicable margin in respect of the 2021-1 Incremental Term Loans in the form of Eurocurrency Rate Loans and # from and including the date that is 91 days after the Trigger Date, 100% of the applicable margin in respect of the 2021-1 Incremental Term Loans in the form of Eurocurrency Rate Loans. For the avoidance of doubt, the Ticking Fees shall cease accruing on the earlier of # the Funding Date and # the date on which the 2021-1 Incremental Term Loan Commitments terminate.
The ticking fee shall accrue at all times during the period commencing on the Closing Date and ending on the earlier of # the Delayed Draw Funding Date and # the termination of the Availability Period with respect to the Aggregate Term Loan Commitments, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable in arrears on the earlier of # the Delayed Draw Funding Date and # the last day of the Availability Period with respect to the Aggregate Term Loan Commitments; provided, that no such ticking fee shall accrue on the unused Term Loan Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting Lender.
The Borrower agrees to pay to the Administrative Agent for the account of each Delayed Draw Term Loan B Lender (other than any Defaulting Lender) a commitment fee (the “Delayed Draw Term Loan B Ticking Fee”), which shall accrue at a rate per annum equal to the Delayed Draw Term Loan B Commitment Fee Rate applicable to the Delayed Draw Term Loan B Commitments of such Class on the actual amount of the unused Delayed Draw Term Loan B Commitments of such Class of such Delayed Draw Term Loan B Lender calculated based upon the actual number of days elapsed over a 360-day year for the period from and including the Second Amendment Effective Date to the date on which such Lender’s Delayed Draw Term Loan B Commitment of such Class terminates. Accrued commitment fees shall be payable in arrears on the last Business Day of each March, June, September and December for the quarterly period then ended and on the Delayed Draw Term Loan B Commitment Expiration Date. The Delayed Draw Term Loan B Ticking Fee shall be distributed to the applicable Delayed Draw Term Loan B [[Organization B:Organization]] pro rata in accordance with the amount of each such Delayed Draw Term Loan B Lender’s Delayed Draw Term Loan B Commitment.
Signature Fee and Suite Fee. The Signature Fee shall be immediately payable by the Forty Seven upon signing this Agreement. The Suite Fee shall be payable in installments each year, with the first payment due on and the second payment due on and thereafter payable during the Term. Subject to clause 14, Forty Seven will pay the Suite Fee to Lonza for the Term of this Agreement. In relation to
Commitment Fee and Anniversary Fee. In connection with the Revolving Line, # a fully earned, non-refundable commitment fee of One Hundred Thousand Dollars ($100,000) due and payable on the Third Amendment Effective Date (the Commitment Fee) and # a fully earned, non-refundable anniversary fee of One Hundred Thousand Dollars ($100,000) due and payable on each anniversary of the Third Amendment Effective Date.
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