commitment fee


Also found in: Legal, Financial.
Related to commitment fee: Management fee, Upfront Fee

commitment fee

n
(Banking & Finance) a charge made by a bank, in addition to interest, to make a loan available to a potential borrower
Translations
commission d’engagement
References in periodicals archive ?
As a result of the favorable credit environment and Daimler's good credit rating, the commitment fee to be paid for the new credit line is lower despite its higher volume.
class="MsoNormalThe detectives had been directed to deposit the amount as a commitment fee for the purchase of a Toyota Harrier.
He said the commitment fee and first installment paid to Infotalent Ltd was approved by Parliament in the 2003-2004 financial year.
The Chinese government charges a 0.3-percent commitment fee and 0.3-percent management fee.
Also, a payment of a 0.30% commitment fee on any unused amounts under the revolving credit facility will be made and as of 11 August 2017, the company had USD60m borrowed on the term loan and USD10m on the revolving credit facility.
Also, the board has resolved to pay the commitment fee equal to EUR120,000 agreed on in the terms and conditions of the financing arrangement by issuing a total of 120 convertible notes to Bracknor Investment.
The Lender charged a no commitment fee and the loan has a sliding scale penalty of 3-2-1-0-0% for ach 5 year period in the case of prepayment.
Until the provision of the loans, the Company is required to pay the lenders a commitment fee. The Company may cancel or prepay one or both loans, subject to a certain cancelation fee or prepayment fee, as applicable.
They will receive a commitment fee as compensation until the transaction is completed and funds are drawn, supposedly in July.
Asia Alliance has received the contract by providing a total commitment fee of USD32.5m compared to a minimum USD2m set by the government.
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.
As consideration for LPC's obligation under this Agreement, Oncolytics has and may issue additional shares as a commitment fee. Proceeds are intended to be used for general corporate purposes and working capital requirements.