Commitment Fees and Other Fees. (a) The Parent agrees to pay to the Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of December 1996) prior to the Commitment Termination Date and on the Commitment Termination Date, an aggregate fee (the "Commitment Fees") of 3/8 of 1% per annum, computed on the basis of the actual number of days elapsed over a year of 360 days, on the average daily amount by which such Lender's Commitment, as such Commitment may be reduced in accordance with the provisions of this Credit Agreement, exceeds the sum of such Lender's Percentage of outstanding Loans plus its Percentage of L/C Exposure during the preceding period or quarter.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of March 1998) prior to the Construction Commitment Termination Date and on the Construction Commitment Termination Date, an aggregate fee (the "Commitment Fees") of 3/8 of 1% per annum, computed on the basis of the actual number of days elapsed during the preceding period or quarter over a year of 360 days, on the average daily amount by which such Lender's Construction Commitment (as such Construction Commitment may be reduced in accordance with the provisions of this Credit Agreement) exceeds the principal balance of such Lender's outstanding Construction Loans during the preceding period or quarter.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of June 2000) prior to the Commitment Termination Date, on the date of any termination or reduction of the Total Commitment, and on the Commitment Termination Date, an aggregate fee (the "Commitment Fee") of 1/2 of 1% per annum, computed on the basis of the actual number of days elapsed during the preceding period or quarter over a year of 365/366 days, as the case may be, on the average daily amount during the preceding period or quarter by which such Lender’s Commitment, as such Commitment may be reduced in accordance with the provisions of this Credit Agreement, exceeds the sum of the principal balance of such Lender’s outstanding Loans plus its Pro Rata Share of L/C Exposure. The Commitment Fee shall commence to accrue from the Closing Date.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Agent (for the account of each Lender in accordance with its Percentage) on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of September 2001) prior to the Commitment Termination Date and on the Commitment Termination Date, an aggregate fee (the “Commitment Fees”) of 0.375% per annum, computed on the basis of the actual number of days elapsed over a year of 360 days, on the average daily amount by which the aggregate amount of the Revolving Credit Commitments, as they may be reduced in accordance with the provisions of this Agreement, exceeds the sum of the principal balance of Revolving Credit Loans outstanding plus the L/C Exposure during the preceding period or quarter. Such Commitment Fees shall commence to accrue on the date on which this Agreement is fully executed and shall cease to accrue on the Commitment Termination Date.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of June 2007) prior to the Revolving Commitment Termination Date and on the Revolving Commitment Termination Date, an aggregate fee (the “Commitment Fees”) of 0.375 of 1% per annum, computed on the basis of the actual number of days elapsed during the preceding period or quarter over a year of 365/366 days, as the case may be, on the average daily amount by which such Lender’s Commitment, as such Commitment may be reduced in accordance with the provisions of this Credit Agreement, exceeds the sum of the principal balance of such Lender’s outstanding Loans plus such Lender’s Pro Rata Share of all L/C Exposure during the preceding period or quarter.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December (commencing on the last Business Day of December 2016) prior to the Maturity Date and on the date of any termination or reduction of the Commitments, as applicable, and on the Maturity Date, an aggregate fee (the “Commitment Fees”), payable in arrears and equal to (i) 0.75% per annum so long as the Credit Exposure is less than 50% of the Total Commitments, and (ii) 0.50% per annum so long as the Credit Exposure is greater than or equal to 50% of the Total Commitments, in each case, computed on a daily basis and on the basis of a 360 day year, on the amount by which such Lender’s Commitment in effect on such day exceeds such Lender’s Pro Rata Share of the Credit Exposure in effect on such day.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Letter of Credit Lender, a fee for each day during the period in which the Total Revolving Letter of Credit Commitment remains in effect (but excluding the date on which the Total Revolving Letter of Credit Commitment terminates), at a rate equal to 1% per annum (computed on the basis of a year of 360 days and payable for the actual number of days elapsed) on the amount on such day by which such Revolving Letter of Credit Lender's Revolving Letter of Credit Commitment (as such Revolving Letter of Credit Commitment may be modified in accordance with the provisions of this Credit Agreement) exceeded the product of such Revolving Letter of Credit Lender's Revolving Letter of Credit Percentage and the L/C Exposure on such day. The foregoing fee shall be referred to herein as the "Commitment Fee" for a Revolving Letter of Credit Lender and collectively, for all the Revolving Letter of Credit Lenders, as the "Commitment Fees". Accrued Commitment Fees shall be payable in arrears on the last Business Day of each month in each year (commencing on the last Business Day of October, 2002) prior to the Revolving Letter of Credit Commitment Termination Date, on the date of any termination or reduction of the Total Revolving Letter of Credit Commitment and on the Revolving Letter of Credit Commitment Termination Date.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of December 2003) prior to the Revolving Commitment Termination Date and on the Revolving Commitment Termination Date, an aggregate fee (the "Commitment Fees") calculated in accordance with the following: -------------------- --------------------------------------------- ---------------------------------------------- Total Leverage Commitment Fee if the Outstanding Revolver Commitment Fee if the Outstanding Revolver Ratio > 50% of the average Revolving Commitments Less Than or Equal to 50% of the average during such period Revolving Commitments during such period -------------------- --------------------------------------------- ---------------------------------------------- > 3.75 1.00% 1.25% - > 3.25 but < 3.75 .75% 1.00% - > 2.75 but < 3.25 .50% .75% - < 2.75 .50% .75% -------------------- --------------------------------------------- ---------------------------------------------- The Commitment Fees shall be computed on the basis of the actual number of days elapsed during the preceding period or quarter over a year of 365/366 days, on the average daily amount by which such Lender's Revolving Commitment (as such Revolving Commitment may be reduced in accordance with the provisions of this Credit Agreement) exceeds the Outstanding Revolver held by such Lender during the preceding period or quarter.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender quarterly in arrears on the last Business Day of each March, June, September and December (commencing the last Business Day of December 2002) prior to the Commitment Termination Date, on the date of any termination or reduction of the Total Commitment, and on the Commitment Termination Date, a fee (the "Commitment Fee") at a rate per annum (computed on the basis of the actual number of days elapsed during the period over a year of 360 days) equal to one half of one percent (0.50%) of the average daily amount during the preceding period by which such Lender's Commitment (as such Commitment may be modified in accordance with the provisions of this Credit Agreement) exceeded the sum of (i) the product of such Lender's Percentage and the L/C Exposure plus (ii) the aggregate principal amount of such Lender's outstanding Loans. The Commitment Fee shall be paid at a rate per annum.
Commitment Fees and Other Fees. (a) RRI agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender on the last Business Day of each calendar month (beginning April, 2003) in each year prior to the Final Maturity Date, on the date of any termination or reduction of the Total Revolving Credit Commitment (as provided in Section 2.10(f)), and on the Final Maturity Date, a fee (the "Revolver Commitment Fee" and collectively, for all the Revolving Credit Lenders, the "Revolver Commitment Fees") of 0.50% per annum (computed on the basis of the actual number of days elapsed during the preceding period over a year of 360 days) on the actual daily amount during the preceding period by which such Revolving Credit Lender's Revolving Credit Commitment (as such Revolving Credit Commitment may be modified in accordance with the provisions of this Credit Agreement) exceeded the sum of (i) the product of such Revolving Credit Lender's Revolving Credit Percentage and the Revolver L/C Exposure, and (ii) the aggregate principal amount of such Revolving Credit Lender's outstanding Revolving Credit Loans.
