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 ?
Following the merger, Schneider paid a commitment fee to the French banks, and sought reimbursement from Square D.
This deferral of the deadlines provides the Company with an opportunity to reduce commitment fees and interest costs as it does not expect to need to access any funds until the first quarter of 2017 based upon the currently anticipated level and timing of capital expenditures.
In the FIRST TWO years of implementation of the agreed economic programme the only cost to Serbia was payment of the commitment fee in the amount of EUR 2.25 mln.
The COA said the delayed implementation of the infrastructure projects has also caused the government to lose P27.647 million in commitment fees for the loans extended by Japan International Cooperation Agency (JICA).
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TexSo Agreement for filing by October 25, 2016, or if the Borrowers filing in respect of the TexSo letter agreement is withdrawn or abandoned by the Company or deemed to be withdrawn by the Exchange at any time prior to October 25, 2016, then in lieu of repayment of the principal amount of the Loan and payment of the commitment fee, the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.
YA Global is entitled to a one-time commitment fee of EUR200,000 in shares and has already received customary structuring and due diligence fees.
He said those projects were canceled because 'there was a commitment fee.'
Municipalities and county governments have also been asked for a 3-year commitment fee of 33 cents per person.
Concurrently, Cytori has issued shares of common stock to LPC as a commitment fee and will issue additional shares of common stock on a pro-rata basis only when and if shares are sold to LPC.
Commitment Fee percentage of the currently undrawn loan amount, the bidder offers, but no more than 1% respectively.
* Frequency imputation of interest and the commitment fee on the credit line: Quarterly.