Canadian Commitment Fee. The Canadian Borrower agrees to pay to the Agent for the account of each Canadian Revolving Lender a commitment fee, which shall accrue at the Commitment Fee Rate on the average daily amount of the Canadian Available Revolving Commitment of such Canadian Revolving Lender during the period from and including the Effective Date to but excluding the date on which the Canadian Lenders’ Canadian Commitments terminate. Accrued commitment fees shall be payable in arrears on the first Business Day of each January, April, July and October and on the date on which the Canadian Commitments terminate, commencing on the first such date to occur after the date hereof. All commitment fees shall be computed on the basis of a year of 365 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of calculating the commitment fees only, no portion of the Canadian Commitments as of such date shall be deemed utilized as a result of outstanding Canadian Swingline Loans.
Canadian Commitment Fee. The Commitment Fee payable by the Canadian Borrower to the Canadian Bank pursuant to Section 2A.3.
Canadian Commitment Fee. The Canadian Borrower shall pay to the Canadian Bank, for the account of the Canadian Bank, from the Closing Date through the Maturity Date, a Canadian Commitment Fee computed at the rate of [0.375]% per annum on the average daily amount of the unborrowed portion of the Canadian Credit Commitment, during each quarter or portion thereof. Outstanding Letters of Credit shall be counted as part of the "borrowed" portion of the Canadian Loans, for the purpose of calculating the Canadian Commitment Fee. The Canadian Commitment Fee shall be payable (i) quarterly in arrears, on the last day of March, June, September and December of each year beginning December 31, 1996, and (ii) on the Maturity Date.
Canadian Commitment Fee. Canadian Borrower agrees to pay to Canadian Administrative Agent for pro rata distribution to each Non-Defaulting Lender having a Canadian Revolving Commitment (based on its Canadian Revolver Pro Rata Share) a commitment fee in Canadian Dollars (the "Canadian Commitment Fee") for the period commencing on the Initial Borrowing Date to and including the Canadian Revolver Termination Date or the earlier termination of the Canadian Revolving Commitments (and, in either case, repayment in full of the Canadian Revolving Loans), computed at a rate equal to the Applicable Commitment Fee Percentage per annum on the average daily Total Available Canadian Revolving Commitment. Unless otherwise specified, accrued Canadian Commitment Fees shall be due and payable in arrears (i) on each Quarterly Payment Date, (ii) on the Canadian Revolver Termination Date and (iii) upon any reduction or termination in whole or in part of the Canadian Revolving Commitments (but only, in the case of a reduction, on the portion of the Canadian Revolving Commitments then being reduced).
Canadian Commitment Fee. The Canadian Borrower agrees to pay to the Canadian Lenders in accordance with their respective Canadian Commitment Percentages a commitment fee (such fee, a "Canadian Commitment Fee") calculated at the rate per annum equal to the Applicable Margin for the Commitment Fee on the average daily amount during each calendar quarter or portion thereof from the Closing Date to the Revolving Credit Loan Maturity Date by which the Total Canadian Commitment exceeds the U.S. Dollar Equivalent of the Outstanding amount of Canadian Loans.
Canadian Commitment Fee. The Canadian Borrower agrees to pay to the Agent for the account of each Canadian Revolving Lender a commitment fee, which shall accrue at the Commitment Fee Rate on the average daily amount of the Canadian Available Revolving Commitment of such Canadian Revolving Lender (to the extent that such Canadian Revolving Lender does not otherwise constitute a Defaulting Lender) during the period from and including the Closing Date to but excluding the date on which the Canadian Lenders’ Canadian Commitments terminate. Accrued commitment fees shall be payable in arrears on the first day of each January, April, July and October and on the date on which the Canadian Commitments terminate, commencing on the first such date to occur after the date hereof. All commitment fees shall be computed on the basis of a year of 365 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of calculating the commitment fees only, no portion of the Canadian Commitments as of such date shall be deemed utilized as a result of outstanding Canadian Swingline Loans.
Canadian Commitment Fee. On the first day of each month and on the Termination Date, the Canadian Borrower agrees to pay to the Agent, for the account of the Canadian Lenders, in accordance with their respective Pro Rata Shares, a commitment fee (the “Canadian Commitment Fee”) at a per annum rate equal to the Applicable Margin in effect from time to time, times the amount by which the Maximum Canadian Revolver Amount exceeded the sum of (a) the average daily outstanding amount of Canadian Revolving Loans other than Overdraft Accommodations plus (b) the average utilization (in the period) of the Overdraft Accommodations and the average daily undrawn amount of outstanding Canadian Letters of Credit and Pro Rata Canadian Letters of Credit during the immediately preceding month or shorter period if calculated for the first month hereafter or on the Termination Date. The Canadian Commitment Fee shall be computed on the basis of a 365 or 366 day year, as applicable, for the actual number of days elapsed and shall accrue daily.
Canadian Commitment Fee. Section 5.1(b) of the Credit Agreement is amended by deleting the text "quarterly in arrears on the last day of each March, June, September and December for the immediately preceding quarter or portion thereof" and substituting in lieu thereof the text "monthly in arrears on the last day of each calendar month for the month then ending".
Canadian Commitment Fee. Each Canadian Borrower, jointly and severally, agrees to pay to Canadian Administrative Agent for pro rata distribution to each Non-Defaulting Lender having a Canadian Revolving Commitment (based on its Canadian Revolver Pro Rata Share) a commitment fee (the "Canadian Commitment Fee") for the period commencing on the Initial Borrowing Date to and including the Canadian Revolver Termination Date or the earlier termination of the Canadian Revolving Commitments (and, in either case, repayment in full of the Canadian Revolving Loans), computed at a rate equal to (x) 0.375% times the average daily Total Available Canadian Revolving Commitment if the average daily principal amount of Canadian Revolving Loans outstanding for the preceding Fiscal Quarter exceeds one-half of the Total Available Canadian Revolving Commitment and (y) 0.50% times the average daily Total Available Canadian Revolving Commitment if the average daily principal amount of Canadian Revolving Loans outstanding for the preceding Fiscal Quarter is less than or equal to one-half of the Total Available Canadian Revolving Commitment. Unless otherwise specified, accrued Canadian Commitment Fees shall be due and payable (i) on each Quarterly Payment Date, (ii) on the Canadian Revolver Termination Date and (iii) upon any reduction or termination in whole or in part of the Canadian Revolving Commitments (but only, in the case of a reduction, on the portion of the Canadian Revolving Commitments then being reduced).
Canadian Commitment Fee. The Canadian Borrower shall pay to the Canadian Administrative Agent for the account of each Canadian Lender in accordance with its Applicable Percentage, a commitment fee (the “Canadian Commitment Fee”) equal to the product of (i) the Applicable Rate times (ii) the actual daily amount by which the Aggregate Canadian Revolving 50 Commitments exceed the sum of (y) the Outstanding Amount of Canadian Revolving Loans and (z) the Outstanding Amount of Canadian L/C Obligations. The Canadian Commitment Fee shall accrue at all times during the Canadian Availability Period, including at any time during which one or more of the conditions in Article V is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Canadian Availability Period. The Canadian Commitment Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.
