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 ?
All other terms of the Loan Agreement remain in effect unamended, including the above-mentioned interest rates and commitment fees, as well as the condition precedent to drawdown that nothing has occurred since the closing of the Loan Agreement on November 18, 2014 (the "Closing Date") which could reasonably be expected to have a material adverse effect on the Company (as defined in the Loan Agreement).
If a mortgage originator chose to deliver nothing, it would forfeit the nonrefundable portion of the commitment fee paid to Freddie Mac.
37) However, the Court of Appeal in England has stated that "if arbitrators wish to insist on the payment of a commitment fee, the proper time to do so is before appointment" and that once they accept appointment, "no term can be implied that entitles .
The Loan Agreement also provides that if the Exchange does not accept the TexSo Agreement for filing by October 25, 2016, or if the Borrowers filing in respect of the TexSo letter agreement is withdrawn or abandoned by the Company or deemed to be withdrawn by the Exchange at any time prior to October 25, 2016, then in lieu of repayment of the principal amount of the Loan and payment of the commitment fee, the Borrower will assign to the Lender, at the deemed price of US$220,000, all of the Borrowers rights relating to the Selectron Shallow Prospect under the TexSo LOI.
Asia Alliance has received the contract by providing a total commitment fee of USD32.
Schneider obtained a commitment letter from the banks, under which they agreed to provide acquisition financing; as consideration, Schneider agreed to pay a nonrefundable loan commitment fee and to indemnify the banks for any legal fees associated with the commitment of funds.
65 per cent with commitment fee of 35 per cent of margin.
Municipalities and county governments have also been asked for a 3-year commitment fee of 33 cents per person.
The Lender charged a no commitment fee and the loan has a yield maintenance penalty in the case of prepayment.
In consideration for the Agreement, Elixir Gaming shall pay to NagaWorld an upfront commitment fee of $1.
Among other things, the new credit facility provide more operational flexibility by relaxing certain covenants, including by increasing certain applicable limits and baskets and loosening certain financial ratios; as well as if and when the company achieve specified investment grade ratings, certain restrictive covenants will cease to apply and the applicable margin for both alternate base rate and Eurodollar loans and the commitment fee on the unused committed amount will be reduced by specified amounts.
First, ICBC has expanded the free business scope for small and micro enterprises and exempted fees, including small and micro enterprise loan commitment fee, legal person account overdraft commitment fee, commitment credit line fee, revolving loan commitment fee, bank acceptance bill commitment fee, commission charge of issuing letter of intent for loan, commission charge of issuing letter of commitment for loan, commission charge of issuing letter of guarantee of various kinds, fund management fee, perennial financial consultant fee, and high-end financial consultant fee.