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 Agent for the account of each Lender according to its Pro Rata Share a commitment fee as determined by the Pricing Schedule on the average daily unborrowed portion of Aggregate Commitment payable quarterly in arrears to the Lenders (including the Agent). The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in integral multiples of $10,000,000 (and any such reduction will reduce the Aggregate Revolving Credit Commitment and the Aggregate Facility LC Commitment pro tanto), upon at least three Business Day's written notice to the Agent, which notice shall specify the amount of any such reduction and which of the Aggregate Revolving Credit Commitment or the Aggregate Facility LC Commitment is being reduced, provided, however, that (i) the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure; (ii) the amount of the Aggregate Revolving Credit Commitment shall not be reduced below the amount of outstanding Revolving Credit Loans, and, (iii) the Aggregate Facility LC Agreement 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.

Commitment Fee; Reductions in Aggregate Commitment. (i) The Borrower agrees to pay to the Agent for the account of each Lender according to its Pro Rata Share a commitment fee as determined by at a per annum rate equal to the Pricing Schedule Applicable Fee Rate on the average daily unborrowed portion of Available Aggregate Commitment from the date hereof to and including the Facility Termination Date, payable quarterly in arrears to on each Payment Date hereafter and on the Lenders (including the Agent)Facility Termination Date. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part by reducing either the Aggregate Revolving Credit Commitment or the Aggregate Facility LC Commitment ratably among the Lenders in integral multiples of $10,000,000 (and any such reduction will reduce the Aggregate Revolving Credit Commitment and the Aggregate Facility LC Commitment pro tanto)10,000,000, upon at least three Business Day's written notice to the Agent, which notice shall specify the amount of any such reduction and which of the Aggregate Revolving Credit Commitment or the Aggregate Facility LC Commitment is being reduced, provided, however, that (i) the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure; (ii) the amount of the Aggregate Revolving Credit Commitment shall not be reduced below the amount of outstanding Revolving Credit Loans, and, (iii) the Aggregate Facility LC Agreement 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.

Commitment Fee; Reductions in Aggregate Commitment. (i) The Borrower agrees to pay to the Agent for the account of each Lender according to its Pro Rata Share a commitment fee as determined by at a per annum rate equal to the Pricing Schedule Applicable Fee Rate on the average daily unborrowed portion of Available Aggregate Commitment from the Closing Date to and including the Facility Termination Date, payable quarterly in arrears to on each Payment Date hereafter and on the Lenders (including the Agent)Facility Termination Date. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part by reducing either the Aggregate Revolving Credit Commitment or the Aggregate Facility LC Commitment ratably among the Lenders in integral multiples of $10,000,000 (and any such reduction will reduce the Aggregate Revolving Credit Commitment and the Aggregate Facility LC Commitment pro tanto)10,000,000, upon at least three Business Day's written notice to the Agent, which notice shall specify the amount of any such reduction and which of the Aggregate Revolving Credit Commitment or the Aggregate Facility LC Commitment is being reduced, provided, however, that (i) the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure; (ii) the amount of the Aggregate Revolving Credit Commitment shall not be reduced below the amount of outstanding Revolving Credit Loans, and, (iii) the Aggregate Facility LC Agreement 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.

Commitment Fee; Reductions in Aggregate Commitment. (i) The Borrower agrees to pay to the Agent for the account of each Lender according to its Pro Rata Share a commitment fee as determined by at a per annum rate equal to the Pricing Schedule Applicable Fee Rate on the average daily unborrowed portion amount of the difference between the Aggregate Commitment payable quarterly in arrears minus the aggregate principal amount of the Revolving Credit Loans and the Aggregate LC Obligations from the date hereof to the Lenders (and including the Agent)Facility Termination Date, payable on each Payment Date hereafter and on the Facility Termination Date. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in integral multiples of $10,000,000 (and any such reduction will reduce the Aggregate Revolving Credit Commitment and the Aggregate Facility LC Commitment pro tanto)5,000,000, upon at least three five Business Day's Days' written notice to the Agent, which notice shall specify the amount of any such reduction and which of the Aggregate Revolving Credit Commitment or the Aggregate Facility LC Commitment is being reducedreduction, provided, however, that (i) the amount of the Aggregate Commitment may not be reduced below the sum of the Aggregate Outstanding Credit Exposure; (ii) Exposure plus the amount Revolving Credit Blocked Amount. All reductions of the Aggregate Revolving Credit Commitment Commitments, whether optional or mandatory, shall not be reduced below reduce the amount of outstanding Revolving Credit Loans, and, (iii) Commitments for all time periods stated for the Aggregate Facility LC Agreement shall not be reduced below the amount of the LC ObligationsCommitments. 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.