Common use of Commitment Fee; Reductions in Aggregate Commitment Clause in Contracts

Commitment Fee; Reductions in Aggregate Commitment. (i) The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Commitment Fee Rate in effect from time to time on the average daily Available Aggregate Commitment from the date hereof (whether or not the Credit Date has occurred) to and including the Revolving Credit Termination Date, payable quarterly in arrears on each Payment Date hereafter and on the Revolving Credit Termination Date. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in integral multiples of $5,000,000, upon at least five Business Days’ written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Credit Extensions hereunder.

Commitment Fee; Reductions in Aggregate Commitment. (i) The Borrower agrees to pay to the Administrative Agent Agent, for the account of each Lender according to its Pro Rata Share Share, a commitment fee at a per annum rate equal to the Commitment Applicable Fee Rate in effect from time to time on the average daily Available Aggregate Unused Revolving Loan Commitment from the date hereof (whether or not the Credit Date has occurred) to and including the Revolving Credit Facility Termination Date, payable quarterly in arrears on each Payment Date hereafter and on the Revolving Credit Facility Termination Date. The commitment fees for each fiscal quarter shall be due and payable within ten (10) days following the Agent's submission, following the close of such quarter, of a statement of the amount due. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in integral multiples of $5,000,0001,000,000.00, upon at least five Business Days’ ' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure. All accrued commitment fees shall be payable on the effective date of any termination of the obligations Commitments of the Lenders to make Credit Extensions hereunderall Lenders.

Commitment Fee; Reductions in Aggregate Commitment. (i) The Parent Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Commitment Applicable Fee Rate in effect from time to time on the average daily Available Aggregate Commitment from the date hereof (whether or not the Credit Date has occurred) to and including the Revolving Credit Facility Termination Date, payable quarterly in arrears on each Payment Date hereafter and on the Revolving Credit Facility Termination Date. The Parent Borrower or, with respect to the Revolving Subfacility only, the Subsidiary Borrower, may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in integral multiples of $5,000,000, upon at least five Business Days’ ' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, ; provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Credit Extensions hereunder.

Commitment Fee; Reductions in Aggregate Commitment. (i) The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Commitment Applicable Fee Rate in effect from time multiplied by the amount, calculated daily, equal to time on the average daily Available Aggregate such Lender's Commitment minus such Lender's pro rata share of all outstanding Loans, from the date hereof (whether or not the Credit Date has occurred) to and including the Revolving Credit Facility Termination Date, payable quarterly quarterly, in arrears arrears, on the last day of each Payment Date hereafter calendar quarter and on the Revolving Credit Facility Termination Date. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in the minimum amount of $5,000,000 and integral multiples of $5,000,0001,000,000 in excess thereof, upon at least five ten Business Days’ ' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposureaggregate principal amount of the outstanding Advances. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Credit Extensions Loans hereunder.

Commitment Fee; Reductions in Aggregate Commitment. (i) The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Commitment Fee Rate in effect from time to time applicable percentage per annum set forth under the definition of "Applicable Margin" on the average daily Available Aggregate amount, calculated daily, equal to such Lender's Commitment minus such Lender's Percentage Share of all outstanding Advances and LC Obligations, from the date hereof (whether or not the Credit Date has occurred) to and including the Revolving Credit Facility Termination Date, payable quarterly in arrears on each Payment Date hereafter and on the Revolving Credit Facility Termination Date. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in integral multiples of $5,000,000, upon at least five three Business Days’ ' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposuresum of aggregate principal amount of the outstanding Advances and LC Obligations. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Credit Extensions Loans hereunder.

Commitment Fee; Reductions in Aggregate Commitment. (i) The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Commitment Fee Rate in effect from time to time applicable percentage per annum set forth under the definition of "Applicable Margin" on the average daily Available Aggregate amount, calculated daily, equal to such Lender's Commitment minus such Lendex'x Xxrcentage Share of all outstanding Advances and LC Obligations, from the date hereof (whether or not the Credit Date has occurred) to and including the Revolving Credit Facility Termination Date, payable quarterly in arrears on each Payment Date hereafter and on the Revolving Credit Facility Termination Date. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in integral multiples of $5,000,000, upon at least five three Business Days’ ' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposuresum of aggregate principal amount of the outstanding Advances and LC Obligations. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Credit Extensions Loans hereunder.

Commitment Fee; Reductions in Aggregate Commitment. (i) The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Commitment Applicable Fee Rate in effect from time to time on the average daily Available Aggregate Commitment from the date hereof (whether or not the Credit Date has occurred) to and including the Revolving Credit Facility Termination Date, payable quarterly in arrears on each Payment Quarterly Date hereafter and on the Revolving Credit Facility Termination Date. Swing Line Loans shall not count as usage of any Lender’s Commitment for the purpose of calculating the commitment fee due hereunder. The Borrower may permanently reduce the Aggregate Commitment in whole, whole or in part ratably among the Lenders in integral multiples of $5,000,00010,000,000, upon at least five 10 Business Days’ Days’prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Credit Extensions hereunder.

Commitment Fee; Reductions in Aggregate Commitment. (i) The Borrower agrees to pay to the Administrative Agent for the account of each Lender Lender, according to its Pro Rata Share Share, a commitment fee at a per annum rate equal to the Commitment Applicable Fee Rate in effect from time to time on the average daily Available unused portion of the Aggregate Commitment (without regard to any outstanding Swing Loans) from the date hereof (whether or not the Credit Date has occurred) to and including the Revolving Credit Facility Termination Date, which commitment fee shall be payable quarterly in arrears on each Payment Date hereafter and on the Revolving Credit Facility Termination Date. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in integral multiples of $5,000,000, upon at least five three (3) Business Days’ ' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Credit Extensions hereunder.

Commitment Fee; Reductions in Aggregate Commitment. (ia) The Borrower agrees to pay to the Administrative Agent for the ratable account of each Lender according to its Pro Rata Share a commitment fee at a per annum rate equal to the Applicable Commitment Fee Rate in effect from time to time Percentage per annum on the average daily Available Aggregate unborrowed portion of such Lender's Commitment from the date hereof (whether or not the Credit Date has occurred) to and including the Revolving Credit Termination Date, payable quarterly in arrears on each Payment Date hereafter and on the Revolving Credit Termination Date. (b) The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders Lenders, in integral multiples a minimum amount of $5,000,00010,000,000 or any integral multiple of $1,000,000 in excess thereof, upon at least five three Business Days’ ' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, ; provided, however, that the amount of the Aggregate Commitment -------- ------- may not be reduced below the Aggregate Outstanding Credit Exposureaggregate principal amount of the outstanding Loans. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Credit Extensions Loans hereunder.