In addressing whether the arrangement was an option in substance, the court noted that mortgage originators could choose not to pay the commitment fee
by committing to sell a mortgage loan to Freddie Mac at a specific price.
At least one arbitral institution's rules explicitly provides for the payment of a commitment fee
RTIH may elect to invest the standby commitment fee
in Common Shares and/or non-voting preferred shares convertible into Common Shares on a one-for-one basis (the "Standby Commitment Fee
Shares"), in each case with a subscription price equal to the 5-day VWAP of the Common Shares immediately before their date of issue
became liable for a commitment fee
(and related legal fees).
If the company replaces the ABS facility prior to March 1, 2011, then payment of the above $15 million commitment fee
and the accrued portion of the above estimated $4 million of deferred interest and fees will be waived.
9 million, amortization of the upfront commitment fee
on the Company's Amended and Restated Omnibus Credit Agreement (Omnibus Credit Agreement) of $9.
Mr Harebottle said that the facility had a three-month facility dollar London Interbank offered interest rate of plus four per cent a year, an arrangement fee of two per cent, without commitment fee
Under the terms of the License Agreement, Diversinet has received the minimum commitment fee
In consideration for the Agreement, Elixir Gaming shall pay to NagaWorld an upfront commitment fee
54Frequency allocation of interest and the commitment fee
on appropriation: Quarterly.
Elixir Gaming would generally have a period of two months from the time of availability to consider the placement of its units in the relevant area and no additional commitment fee
would be required for the placement in such area provided that the Company's total number of operating gaming machine seats do not exceed 640.
The commitment fee
on unborrowed funds available under the revolver decreased from 0.