Common use of Commitment Fees; Fee Letter Clause in Contracts

Commitment Fees; Fee Letter. (i) The Borrower shall pay to the Administrative Agent, for the account of the Lenders in accordance with their Revolving Loan Pro Rata Shares, from and after the Closing Date until the date on which the Aggregate Revolving Loan Commitment shall be terminated in whole, a commitment fee accruing at the rate of the then Applicable Commitment Fee Percentage, multiplied by the average daily amount by which (A) the Aggregate Revolving Loan Commitment exceeds (B) the Revolving Credit Obligations (excluding the outstanding principal amount of the Swing Line Loans). All such commitment fees payable under this clause (C) shall be payable quarterly in arrears on each Payment Date occurring after the Closing Date (with the first such payment being calculated for the period from the Closing Date and ending on the first Payment Date thereafter), and, in addition, on any date on which the Aggregate Revolving Loan Commitment shall be terminated in whole.