COMMITMENT FEE FOR PROVIDING COMMITMENTS Clause Samples
COMMITMENT FEE FOR PROVIDING COMMITMENTS. In consideration of the Lenders' agreement to commit to make the Revolving Loans available to the Borrower as contemplated by this Agreement, the Borrower agrees to pay to the Agent from time to time, on behalf of and for the ratable benefit of the Lenders according to their respective Pro Rata Shares of the Aggregate Commitments, a commitment fee in an amount equal to the Applicable Commitment Fee Percentage for Revolving Loans multiplied by the average daily difference between the Aggregate Commitments and (i) the sum of the aggregate outstanding principal amount of Revolving Loans plus (ii) the Letter of Credit Undrawn Amount, due and payable quarterly in arrears on the last Business Day of each March, June, September and December, with the final such payment due and payable on the Maturity Date.
COMMITMENT FEE FOR PROVIDING COMMITMENTS. In consideration of the Lenders' agreement to commit to make the Loans available to the Borrower as contemplated by this Agreement, the Borrower agrees to pay to the Agent from time to time, on behalf of and for the ratable benefit of the Lenders according to their respective Pro Rata Shares of the Aggregate Commitments, a commitment fee in an amount equal to 0.25% multiplied by the average daily difference between the Aggregate Commitments and (i) the sum of the aggregate outstanding principal amount of Loans plus (ii) the Letter of Credit Undrawn Amount, due and payable quarterly in arrears on the last Business Day of each March, June, September and December, with the final such payment due and payable on the Revolving Credit Maturity Date.
COMMITMENT FEE FOR PROVIDING COMMITMENTS. In consideration of Lenders' agreement to commit to make the Loans available to Borrower as contemplated by this Agreement, Borrowers agree to pay to Agent, on behalf of and for the ratable benefit of Lenders according to their respective Commitment Percentage of the aggregate Commitments, a commitment fee in an amount equal to fifteen-one hundredths of one per cent (0.15%) (the "Commitment Fee Percentage") multiplied by the average daily difference between the aggregate Commitments and the sum of the aggregate outstanding principal amount of Loans, due and payable quarterly in arrears on the last day of each Fiscal Quarter, with the final such payment due and payable on the Commitment Termination Date.