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. (ii) The Aggregate Commitment shall be automatically and permanently terminated on the Revolving Credit Termination Date, subject to Section 2.1(ii).

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. (ii) The Aggregate Commitment shall be automatically and permanently terminated on the Revolving Credit Termination Date, subject to Section 2.1(ii).

Commitment Fee; Reductions in Aggregate Commitment. (ia) 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 Termination Date, payable quarterly in arrears on each Payment Date hereafter occurring in June and December hereafter, commencing with the June 30, 2000 Payment Date, and on the Revolving Credit Termination Date. 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. (b) The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in integral multiples of $5,000,0003,000,000, 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. (iic) The Aggregate Commitment shall automatically be automatically and permanently terminated on reduced from time to time by the amount of any prepayment made prior to the Revolving Credit Termination Date, subject Date pursuant to Section 2.1(ii2.2(b) or (c).

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. (ii) The Aggregate Commitment shall be automatically and permanently terminated on the Revolving Credit Termination Date, subject to Section 2.1(ii).

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. (ii) The Aggregate Commitment shall be automatically and permanently terminated on the Revolving Credit Termination Date, subject to Section 2.1(ii).

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 amount of the difference between the Aggregate Commitment minus the aggregate principal amount of the Revolving Credit Loans and the Aggregate 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 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 sum of the Aggregate Outstanding Credit ExposureExposure plus the Revolving Credit Blocked Amount. All reductions of the Commitments, whether optional or mandatory, shall reduce the Commitments for all time periods stated for the Commitments. 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. (ii) The Aggregate Commitment shall be automatically and permanently terminated on the Revolving Credit Termination Date, subject to Section 2.1(ii).

Commitment Fee; Reductions in Aggregate Commitment. (ia) 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 excess of the Aggregate Commitment over the Aggregate Outstanding Credit Exposure (other than Swing Line Loans) 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. . (b) The Borrower may permanently reduce the Aggregate Commitment in whole, whole or in part ratably among by reducing the Lenders Aggregate Facility LC Commitment in integral multiples of $5,000,000, upon at least five three Business Days’ Day’s prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that (i) the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit ExposureExposure and (ii) the Aggregate Facility LC Commitment shall not be reduced below the amount of the 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 hereunder. (ii) The Aggregate Commitment shall be automatically and permanently terminated on the Revolving Credit Termination Date, subject to Section 2.1(ii).”

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. (ii) The Aggregate Commitment shall be automatically and permanently terminated on the Revolving Credit Termination Date, subject to Section 2.1(ii).

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. (ii) The Aggregate Commitment shall be automatically and permanently terminated on the Revolving Credit Termination Date, subject to Section 2.1(ii).