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).
Batocabe said government should run after officials whose incompetence has resulted in government's incurrence of huge
commitment fees.
The Fortress agreement, which can be increased to the same $150 million, lowers
commitment fees, allows Arcapita to shop for better terms from other lenders, and limits the circumstances under which Fortress can terminate the loan.
The IRS argued that the nonrefundable portion of the
commitment fees should have been included in Freddie Mac's income in the year of receipt, because the taxpayer had met the Sec.
arbitrators who are considering the adoption of cancellation and
commitment fees.
Commitment fees paid to banks are regarded as interest subject to the Interest Rate Restriction Law and the law governing regulations on interest on deposits and capital subscriptions, so banks say they find it difficult to fix such fees.
Given the Company's strong current and projected future cash flow generation capability from its operations at NagaWorld (including the recoupment of
commitment fees paid and the Company's share of net wins from its machine installed base at NagaWorld), the state of the previously-owned gaming machine market, and its strong relationships with gaming equipment manufacturers, Elixir Gaming anticipates funding its 2010 gaming machine purchases for its existing project pipeline from cash on hand and expected net cash flow from operations.
Additionally, the credit facility has an option to increase the aggregate size of the facility by at least USD250m with additional commitments, there is no change in pricing terms or
commitment fees to the existing facility as well as extended its maturity to 7 December 2021.
Anthony Akoto Osei, the Minority Ranking Member for Finance in Parliament, has announced that hoping to secure the much-hyped US$3 billion loan, the Mahama-led National Democratic Congress (NDC) government has offered a huge US$54 million as
commitment fees to the China Development Bank (CDB).
The term of the credit facility was extended by three years to 4 January 2016, with lower interest rate and
commitment fees.
Commitment fees of 1% are common, although lower fees can sometimes be negotiated.
They expressly provided for T's payment of
commitment fees and certain other costs, including amounts X earned in its capacity as an agent.
