Common use of Commitment Commission Clause in Contracts

Commitment Commission. The Borrower agrees to pay the Agent a commitment commission ("Commitment Commission") for the account of each Bank for the period from and including the Closing Date to but not including the date the Total Revolving Loan Commitments have been terminated, computed at a rate equal to 1/2% per annum on the daily average Unutilized Commitment of such Bank. Accrued Commitment Commission shall be due and payable in arrears on the last Business Day of each March, June, September and December commencing December 1996 and on the Revolving Loan Commitment Termination Date, based on the actual number of days elapsed over a year of 360 days.

Commitment Commission. The Borrower agrees to pay the Agent a commitment commission ("Commitment Commission") for the account of each Bank for the period from and including the Closing Date to but not including the date the Total Revolving Loan Commitments have been terminated, computed at a rate equal to 1/23/8% per annum on the daily average Unutilized Commitment of such Bank. Accrued Commitment Commission Commissions shall be due and payable in arrears on the last Business Day of each March, June, September and December December, commencing December 1996 June 30, 1997, and on the Revolving Loan Commitment Termination Date, Maturity Date based on the actual number of days elapsed over a year of 360 days.

Commitment Commission. The Borrower agrees to pay the Agent a commitment commission ("Commitment Commission") for the account of each Bank for the period from and including the Closing Date to but not including the date the Total Revolving Loan Commitments have been terminated, computed at a rate equal to 1/2% per annum on the daily average Unutilized Commitment of such Bank. Accrued Commitment Commission shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December December, commencing December 1996 with September 30, 1997 and on the Revolving Loan Commitment Termination Date, based on the actual number of days elapsed over a year of 360 days.

Commitment Commission. The Borrower agrees to pay the Agent a commitment commission ("Commitment Commission") for the account of each Bank for the period from and including the Closing Date to but not including the date the Total Revolving Loan Commitments have been terminated, computed at a rate equal to 1/2% per annum on the daily average Unutilized Commitment of such Bank. Accrued Commitment Commission shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with December commencing December 1996 31, 1997 and on the Revolving Loan Commitment Termination Date, based on the actual number of days elapsed over a year of 360 days.