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 ?
After increasing the above amount by the amount of the reimbursement of the IMF's commitment fee and reducing it by the IMF service charges, the total amount for the allocation of funds is KM 145,822,158.
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.
He said those projects were canceled because 'there was a commitment fee.
Once an initial draw has been made under a tranche, the drawn amounts accrue interest at 14 and 12 percent per annum under the $50M Tranche and the $150M Tranche, respectively, and the undrawn amount under the tranches accrues a commitment fee of 8 percent per annum.
The Lender charged a no commitment fee and the loan has a sliding scale penalty of 5-5-4-4-3-2-1 % for the 7 year period in the case of prepayment.
The Cumulus revolving credit facility extend its maturity to May 15, 2020, "increase its applicable LIBOR margin to 11%, subject to a 1% LIBOR floor, and increase its undrawn commitment fee to 5%, as well as separately amended to (x) modify its financial covenant to permit the borrowing under the revolving credit facility in connection with the Exchange.
In addition, the company is charged a commitment fee of 50 basis points per annum on unused amounts of the revolving credit facility (subject to downward adjustment), along with a fronting fee of 25 basis points per annum, on the undrawn amount of all outstanding letters of credit.
Elite said it paid LPC a commitment fee in common shares for striking the deal and will issue to the investor further fee shares proportionately to the number of shares purchased by it under the accord.
We are also pleased to have agreed a margin of 225 basis points above libor on this 100 per cent US$ facility, along with no commitment fee.
The debt is priced at around 200 basis points, or two percentage points, above the London interbank offered rate and the unused portion will also carry a commitment fee, the banker said.
This commitment fee will be adjusted in first installment of tuition fee, which is to be deposited on Friday, 28 September 2012.
The two A$500,000 payments comprise the A$1million Commitment Fee agreed as part of the joint venture.