Common use of Facility Fee; Reductions in Aggregate Commitment Clause in Contracts

Facility Fee; Reductions in Aggregate Commitment. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender a facility fee (“Facility Fee”) at a per annum rate equal to the Applicable Fee Rate on such Revolving Credit Lender’s Revolving Credit Commitment (whether used or unused) from the date hereof to and including the Revolving Credit Facility Termination Date, payable in arrears on the first day of each calendar quarter hereafter and on the Revolving Credit Facility Termination Date (or such earlier date as the Revolving Credit Obligations may be accelerated or become due). (b) The Borrower may permanently reduce the Aggregate Revolving Credit Commitment in whole, or in part ratably among the Revolving Credit Lenders (in their respective Revolving Credit Ratable Shares) in integral multiples of $10,000,000, upon at least five Business Days’ written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that (i) the amount of the Aggregate Revolving Credit Commitment may not be reduced below the sum of (A) aggregate principal amount of the outstanding Revolving Credit Advances and (B) the Facility Letter of Credit Obligations, (ii) the Aggregate Revolving Credit Commitment may not be reduced if the effect thereof would be to reduce the L/C Sublimit below the amount of the Facility Letter of Credit Obligations and (iii) the amount of the Aggregate Revolving Credit Commitment may not be reduced to an amount that is less than twice the outstanding amount of all outstanding Competitive Bid Advances. (c) All accrued Facility Fees shall be payable on the effective date of any termination of the obligations of the Revolving Credit Lenders to make Revolving Credit Loans hereunder.

Facility Fee; Reductions in Aggregate Commitment. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender a facility fee (“Facility Fee”) at a rate per annum rate equal to the Applicable Facility Fee Rate in effect from time to time on such Revolving Credit Lender’s Revolving Credit 's Commitment (whether used determined without giving effect to any Bid Rate Reduction or unusedany other usage of the Commitments) from the date hereof to and including but excluding the Revolving Credit earliest of the Facility Termination Date, the date of the reduction to zero of the Aggregate Commitment pursuant to SECTION 2.11 and the date of the termination of the Aggregate Commitment pursuant to Section 8.1. Such facility fees shall be payable in arrears on the first day last Business Day of each calendar quarter hereafter March, June, September and December, and on the Revolving Credit earliest of the Facility Termination Date (or such earlier Date, the date as of the Revolving Credit Obligations may reduction to zero of the Aggregate Commitment pursuant to SECTION 2.11 and the date of the termination of the Aggregate Commitment pursuant to Section 8.1. Facility fees shall be accelerated or become due)calculated for actual days elapsed on the basis of a 360-day year. (b) The Borrower may permanently reduce the Aggregate Revolving Credit Commitment in whole, whole or in part ratably among the Revolving Credit Lenders (in their respective Revolving Credit Ratable Shares) in integral multiples of $10,000,00015,000,000, upon at least five two Business Days’ ' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, ; provided, however, that (i) the amount of the Aggregate Revolving Credit Commitment may not be reduced below the sum of (A) aggregate principal amount of the outstanding Revolving Credit Advances and (B) the Facility Letter of Credit Obligations, (ii) the Aggregate Revolving Credit Commitment may not be reduced if the effect thereof would be to reduce the L/C Sublimit below the amount of the Facility Letter of Credit Obligations and (iii) the amount of the Aggregate Revolving Credit Commitment may not be reduced to an amount that is less than twice the outstanding amount of all outstanding Competitive Bid Advances. (c) All accrued Facility Fees shall be payable on the effective date of any termination of the obligations of the Revolving Credit Lenders to make Revolving Credit Loans hereunder.reduced

Facility Fee; Reductions in Aggregate Commitment. (ai) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender according to its Pro Rata Share a facility fee (“Facility Fee”) at a per annum rate equal to the Applicable Fee Rate on the average daily amount of such Revolving Credit Lender’s Revolving Credit Commitment ('s Commitment, whether used or unused) , from the date hereof to and including the Revolving Credit Facility Termination Date and, after the Revolving Credit Termination Date, payable in arrears on the first day average daily principal amount of such Lender's Outstanding Credit Exposure, payable on each calendar quarter Payment Date hereafter and on the Revolving Credit Facility Termination Date (or such earlier date as the Revolving Credit Obligations may be accelerated or become due)Date. (bii) The Borrower may permanently reduce the Aggregate Revolving Credit Commitment in whole, or in part ratably among the Revolving Credit Lenders (in their respective Revolving Credit Ratable Shares) in integral multiples of $10,000,000, upon at least five Business Days’ ' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that that (ia) the amount of the Aggregate Revolving Credit Commitment may not be reduced below the sum of (A) aggregate principal amount of the outstanding Revolving Aggregate Outstanding Credit Advances Exposure and (Bb) simultaneously with any such reduction, the Facility Letter of Credit Obligations, (ii) Borrower shall reduce the Aggregate Revolving Commitments (as defined in the Five-Year Credit Commitment may not be reduced if Agreement) under the effect thereof would be to reduce the L/C Sublimit below the amount of the Facility Letter of Five-Year Credit Obligations and (iii) the amount of the Aggregate Revolving Credit Commitment may not be reduced to an amount that is less than twice the outstanding amount of all outstanding Competitive Bid Advances. (c) Agreement on a pro rata basis. All accrued Facility Fees facility fees shall be payable on the effective date of any termination of the obligations of the Revolving Credit Lenders to make Revolving Credit Loans Advances hereunder.

Facility Fee; Reductions in Aggregate Commitment. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender a facility fee (“"Facility Fee”") at a per annum rate equal to the Applicable Fee Rate on such Revolving Credit Lender’s Revolving Credit 's Commitment (whether used or unused) from the date hereof to and including the Revolving Credit Facility Termination Date, payable in arrears advance on the first day of Closing Date and on each calendar quarter Quarterly Payment Date hereafter and on the Revolving Credit Facility Termination Date (or such earlier date as the Revolving Credit Obligations may be accelerated or become due). (b) . The Borrower may permanently reduce the Aggregate Revolving Credit Commitment in whole, or in part ratably among the Revolving Credit Lenders (in their respective Revolving Credit Ratable Shares) in integral multiples of $10,000,000, upon at least five Business Days’ ' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that (ia) the amount of the Aggregate Revolving Credit Commitment may not be reduced below the sum of (Ai) aggregate principal amount of the outstanding Revolving Credit Advances and (Bii) the Facility Letter of Credit Obligations, (ii) the Aggregate Revolving Credit Commitment may not be reduced if the effect thereof would be to reduce the L/C Sublimit below the amount of the Facility Letter of Credit Obligations and (iiib) the amount of the Aggregate Revolving Credit Commitment may not be reduced to an amount that is less than twice the outstanding amount of all outstanding Competitive Bid Advances. Advances and (c) the amount of the Aggregate Commitment may not be reduced to an amount that is less than twice the outstanding amount of all outstanding Facility Letter of Credit Obligations. All accrued Facility Fees shall be payable on the effective date of any termination of the obligations of the Revolving Credit Lenders to make Revolving Credit Loans hereunder.

Facility Fee; Reductions in Aggregate Commitment. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender a facility fee (the “Facility Fee”) ), which shall accrue at a per annum rate equal to the Applicable Fee Rate Margin on the daily amount of the Commitment of such Revolving Credit Lender’s Revolving Credit Commitment Lender (whether used or unused) during the period from the date hereof to and including the Revolving Effective Date to but excluding the date on which such Commitment terminates; provided that, if such Lender continues to have any Outstanding Credit Exposure after its Commitment terminates, then such Facility Termination Date, Fee shall continue to accrue on the daily amount of such Lender’s Outstanding Credit Exposure to but excluding the date on which such Lender ceases to have any Outstanding Credit Exposure. Accrued Facility Fees shall be payable in arrears on the first third Business Day following the last day of March, June, September and December of each calendar quarter hereafter year and on the Revolving Credit date on which the Aggregate Commitments terminate, commencing on the first such date to occur after the Effective Date; provided that any Facility Termination Date (or such earlier Fees accruing after the date as on which the Revolving Credit Obligations may Aggregate Commitments terminate shall be accelerated or become due). (b) payable on demand. The Borrower may permanently reduce the Aggregate Revolving Credit Commitment in whole, or in part ratably among the Revolving Credit Lenders (Lenders, in their respective Revolving Credit Ratable Shares) in integral multiples the amount of $10,000,00025,000,000 or a multiple of $5,000,000 in excess thereof, upon at least five three Business Days’ written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, ; provided, however, that (i) the amount of the Aggregate Revolving Credit Commitment may not be reduced below the sum of (A) aggregate principal amount of the outstanding Revolving Credit Advances and (B) the Facility Letter of Credit Obligations, (ii) the Aggregate Revolving Credit Commitment may not be reduced if the effect thereof would be to reduce the L/C Sublimit below the amount of the Facility Letter of Credit Obligations and (iii) the amount Dollar Amount of the Aggregate Revolving Outstanding Credit Commitment may not be reduced to an amount that is less than twice the outstanding amount of all outstanding Competitive Bid AdvancesExposure. (c) All accrued Facility Fees shall be payable on the effective date of any termination of the obligations of the Revolving Credit Lenders to make Revolving Credit Loans hereunder.