Common use of Delayed Draw Ticking Fee Clause in Contracts

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. 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 Term SOFR 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 Term SOFR 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. 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 RateTerm SOFR 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 RateTerm SOFR 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. 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) 91 the making of any drawing of Delayed Draw Term Loans and (ii) the Delayed Draw Commitment Termination Date.