Facility Fee

Example Definitions of "Facility Fee"
Facility Fee. Is $37,500.
Facility Fee. MDC Partners agrees to pay to the U.S. Administrative Agent for the account of each Lender a facility fee, which shall accrue at the rate of 1.00% on the daily amount of the Commitments (whether used or unused) in excess of $65,000,000 during the period from and including April 15, 2006 to but excluding the date on which such Commitment terminates for any date on which the Commitments hereunder exceed U.S. $65,000,000; provided that, if such Lender continues to have any Revolving Credit... Exposure after its Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such Lender's Revolving Credit Exposure from and including the date on which its Commitment terminates to but excluding the date on which such Lender ceases to have any Revolving Credit Exposure. Accrued facility fees shall be payable in arrears on the last day of March, June, September and December of each year and on the date on which the Commitments terminate, commencing on the first such date to occur after the date hereof; provided that any facility fees accruing after the date on which the Commitments terminate shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day) View More
Facility Fee. As defined in the Fee Side Letter.
Facility Fee. The Seller agrees to pay to the Agent (for Pro Rata distribution to the Buyers) monthly, in arrears, a facility fee (the "Facility Fee") in an amount equal to the sum of fifteen one hundredths of a percent (0.15%) per annum of the Maximum Aggregate Commitment, as in effect from time to time, for the period from the Effective Date to the Termination Date, computed for each calendar month or portion thereof from the Effective Date to the Termination Date. The Facility Fee shall be payable monthly... in arrears and shall be due and payable no later than the ninth (9th) day of each month. The Facility Fee is compensation to the Buyers for committing to make funds available for revolving purchases of Eligible Loans on the terms and subject to the conditions of this Agreement, and are not compensation for the use or forbearance or detention of money. Each calculation by the Agent of the amount of the Facility Fee shall be conclusive and binding absent manifest error. View More
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