Delayed Draw Ticking Fee. The Borrower shall pay to the Administrative Agent for the ratable account of the 2018 Incremental Term Lenders a ticking fee (the “Delayed Draw Ticking Fee”) for the period from and including the First Amendment Effective Date to but excluding the last day of the Delayed Draw Commitment Period, calculated in an amount equal to the average amount of the Delayed Draw Commitments, multiplied by a percentage per annum equal to (x) for any day in the period from and including the First Amendment Effective Date to and including the date that is 30 days after the First Amendment Effective Date, 0%, (y) for any day in the period from and including the date that is 31 days after the First Amendment Effective Date to and including the date that is 60 days after the First Amendment Effective Date, 50% of the Applicable Rate for Eurocurrency Rate Loans then in effect with respect to the Delayed Draw Term Loans and (z) for any day in the period from and including the date that is 61 days after the First Amendment Effective Date to and including the Delayed Draw Commitment Termination Date, 100% of the Applicable Rate for Eurocurrency Rate Loans then in effect with respect to the Delayed Draw Term Loans. The Delayed Draw Ticking Fee shall be payable upon the earlier of (i) the making of any drawing of Delayed Draw Term Loans and (ii) the Delayed Draw Commitment Termination Date.
Delayed Draw Ticking Fee. Borrower agrees to pay to the Administrative Agent for the account of each Delayed Draw Term Loan Lender a ticking fee (a “Delayed Draw Ticking Fee”) at a per annum rate equal to 50% of the Applicable Margin with respect to Eurodollar Term Loans on the average daily amount of such Delayed Draw Term Loan Lender’s Delayed Draw Term Loan Commitment from August 27, 2014 until paid pursuant to the next sentence. Accrued Delayed Draw Ticking Fees shall be payable in arrears on the earlier to occur of (A) the Delayed Draw Funding Date, or (B) the date (or, if such date is not a Business Day, the Business Day immediately following such date) on which all of the Delayed Draw Term Loan Commitments shall have expired or been terminated. Delayed Draw Ticking Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).”
Delayed Draw Ticking Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Delayed Draw Term A Lender a ticking fee equal to (the “Delayed Draw Ticking Fee”), (x) for each day from and after the 45th day after the Restatement Effective Date until the 90th day after the Restatement Effective Date, 0.25% of the Delayed Draw Term A Loan Commitments, (y) for each day after the 90th day after the Restatement Effective Date until the 136th day after the Restatement Effective Date, 0.375% of the Delayed Draw Term A Loan Commitments and (z) for each day after the 136th day after the Restatement Effective Date, 0.50% of the Delayed Draw Term A Loan Commitments. The Delayed Draw Ticking Fee shall be due and payable quarterly in arrears on (i) the last Business Day of each March, June, September and December after the 45th day after the Restatement Effective Date, commencing with the first such date to occur during the first fiscal quarter after the 45th day after Restatement Effective Date and (ii) the Delayed Draw Term A Commitment Expiration Date. The Delayed Draw Ticking Fee shall be calculated based upon the actual number of days elapsed over a 360-day year for the period from and including the 45th day after the Restatement Effective Date to but excluding the Delayed Draw Term A Commitment Expiration Date. The Delayed Draw Ticking Fee shall be distributed to the Delayed Draw Term A Lenders pro rata in accordance with the amount of each such Delayed Draw Term A Lender’s Delayed Draw Term A Loan Commitment.
Delayed Draw Ticking Fee. The Borrower shall pay to the Administrative Agent, for the account of each Term Loan Lender with a Delayed Draw Term Loan Commitment, non-refundable ticking fees (each, a “Delayed Draw Ticking Fee”) (i) from and including the Closing Date to the earliest to occur of (A) the Delayed Draw Funding Date, (B) the Delayed Draw Funding Deadline (which shall (x) in the case of the Delayed Draw Funding Date, exclude the Delayed Draw Funding Date and (y) in the case of the Delayed Draw Funding Deadline, include the Delayed Draw Funding Deadline) and (C) the termination in full of the Delayed Draw Term Loan Commitments (which shall include 50 119071794_7 the date of termination of the Delayed Draw Term Loan Commitments), in each case, at a rate per annum equal to the Applicable Margin on the Delayed Draw Term Loan Commitment. Each Delayed Draw Ticking Fee shall be payable in arrears on the first calendar day of each calendar quarter that includes the period during which the Delayed Draw Ticking Fee has accrued. Each Delayed Draw Ticking Fee shall be distributed by the Administrative Agent to each Term Loan Lender pro rata in accordance with such Term Loan Lender’s respective Delayed Draw Term Loan Commitment (as in effect immediately prior to the payment date for such Delayed Draw Ticking Fee).
Delayed Draw Ticking Fee. The Borrower agrees to pay to the Administrative Agent, for the ratable benefit of the Delayed Draw Term Loan Lenders, a ticking fee (the “Delayed Draw Ticking Fee”) in an amount equal to the Applicable Margin per annum on the average daily unused amount of the Delayed Draw Term Loan Committed Amount, commencing on the Closing Date and ending on the last day of the Delayed Draw Availability Period; provided, however that from and after the date which is six months following the Closing Date, the Delayed Draw Ticking Fee shall be as set forth in Level I of the grid set forth in the definition of Applicable Margin in Section 1.1. The Delayed Draw Ticking Fee shall be paid quarterly in arrears on the last Business Day of each calendar quarter and on the last day of the Delayed Draw Availability Period. Confidential Materials Omitted and Filed Separately with the Securities and Exchange Commission Pursuant to a Request for Confidential Treatment under Rule 406 under the Securities Act of 1933, as amended. Confidential Portions are marked: [***]
Delayed Draw Ticking Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Delayed Draw Term Loan Lender of any Class (other than any Defaulting Lender) a commitment fee (the “Delayed Draw Ticking Fee”), which shall accrue at a rate per annum equal to the Delayed Draw Term Loan Commitment Fee Rate applicable to the Delayed Draw Term Loan Commitments of such Class on the actual amount of the unused Delayed Draw Term Loan Commitments of such Class of such Delayed Draw Term Loan Lender calculated based upon the actual number of days elapsed over a 360-day year for the period from and including the Closing Date to the date on which such Lender’s Delayed Draw Term Loan Commitment of such Class terminates. Accrued commitment fees shall be payable in arrears on the last Business Day of each March, June, September and December for the quarterly period then ended and on the Delayed Draw Term Loan Commitment Expiration Date. The Delayed Draw Ticking Fee shall be distributed to the Delayed Draw Term Loan Lenders pro rata in accordance with the amount of each such Delayed Draw Term Loan Lender’s Delayed Draw Term Loan Commitment.
Delayed Draw Ticking Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender holding a Delayed Draw Term Loan Commitment in accordance with its Applicable Percentage, a ticking fee in Dollars equal to 0.125% per annum times the actual daily amount of the unutilized Delayed Draw Term Loan Commitments. The ticking fee shall accrue at all times during the Availability Period of the Delayed Draw Term Loan Commitments, including at any time during which one or more of the conditions in Article IV is 52 not met, and shall be due and payable on October 15, 2006, and each 30-day anniversary thereafter, and on the Acquisition Effective Date (and, if applicable, thereafter on demand).
Delayed Draw Ticking Fee. The Borrower shall pay to the Arranger, on the Business Day that is the last day of the Delayed Draw Availability Period, a ticking fee (the “Delayed Draw Ticking Fee”) equal to [Percentage redacted for confidentiality reasons.] of the Applicable Rate then in effect with respect to the Term A Facility times the aggregate Delayed Draw Term Commitments in effect on each day, with such fees to accrue from and after the date that is 31 days following the First Amendment Effective Date to and including the last day of the Delayed Draw Availability Period. The Delayed Draw Ticking Fee shall be for the pro rata account of the Lenders to the Term A Facility with respect to their respective daily unused Delayed Draw Commitments.
Delayed Draw Ticking Fee. The Borrower shall pay to the Lender a delayed draw ticking fee (a “Delayed Draw Ticking Fee”), which shall accrue at the rate of 0.25% per annum on the maximum Delayed Draw Term Loan Amount during the immediately preceding month (prorated for a shorter period, if applicable). Accrued Delayed Draw Ticking Fee shall be payable in arrears on the first Business Day of each calendar month. The Delayed Draw Ticking Fees shall cease to accrue on the earlier to occur of (i) the Delayed Draw Funding Date, or (ii) the date on which the Lender’s commitment to advance the Delayed Draw Term Loan shall have expired or been terminated.
Delayed Draw Ticking Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a delayed draw commitment fee (the “Delayed Draw Ticking Fee”) in Dollars equal to the Applicable Rate times the actual daily amount of the unused Commitments, subject to adjustment as provided in Section 2.17. The Delayed Draw Ticking Fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the tenth Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the end of March, 2016, and on the last day of the Availability Period. The Delayed Draw Ticking Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.
