Commitment fee — Revolving Facility Sample Clauses

Commitment fee — Revolving Facility. (a) Subject to Clause 31.2 (No commitment fee or ticking fee), the Company must (or must procure that an Obligor will) pay to the Facility Agent for each Revolving Facility Lender a commitment fee computed at the rate of 35 per cent. of the Margin per annum on the undrawn, uncancelled amount of each Revolving Facility Lender’s Revolving Facility Commitment. (b) Accrued commitment fee is payable quarterly in arrears and will accrue on a daily basis from the date of first utilisation of a Loan under this Agreement. Accrued commitment fee is also payable to the Facility Agent for a Revolving Facility Lender on the date its Commitment is cancelled in full (including cancellation by way of automatic cancellation on the last day of the Availability Period).