Commitment Fee


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Related to Commitment Fee: Management fee, Upfront Fee

Commitment Fee

A fee that a lender assesses on a borrower to keep a credit line open regardless of use. For example, a credit card company may charge a card holder $60 per year to allow him/her to continue to use the credit card. This should not be confused with interest, which is only calculated if a loan is made or a credit line is used.
References in periodicals archive ?
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 of $5.
In consideration for the Agreement, Elixir Gaming shall pay to NagaWorld an upfront commitment fee of $1.
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.