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In that case, you paid $6 in interest in the first six months plus $1 for the commitment fee, for a total of $7. What it all means: In this stylized example, you are more likely to benefit from the line of credit if the interest rate on the line is below 14%.
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Twitter will have to pay standard upfront and unused commitment fees for a credit facility this large.
In return for a commitment fee, the consortium will lend the central bank up to $6 billion in the event of a financial squeeze.
The "settlement or closing fee," he said, pays the lender's lawyer for drawing up the necessary paperwork, and the commitment fee is the lender's charge.
Professor Guttentag, who runs a Web site for consumers at www.mtgprofessor.com, says the commitment fees, in particular, are new to this latest, particularly competitive round of refinancing.
(So-called commitment fees are typical in revolving lines of credit).
These can include application and inspection fees, processing, courier and credit check fees, origination and broker fees, and even email and "commitment" fees, according to Realtor.com.
Enlisting the commitment of health professionals working under fee-for-service arrangements meant that there was limited opportunity for prolonged engagement with them in the research process, and each participant was interviewed only once, with times ranging from 30-45 minutes.
Just like conventional first aid courses, it can be run on a fee-for-service basis and requires no long-term government commitment.
Crestview Partners II also paid Sergeon $1.1 million, or a 1.47% fee, for lining up a $75 million commitment from Kentucky.
Senator Charles E. Schumer said Sunday that he had commitments from five airlines that they would not charge passengers a fee for carry-on baggage.
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