Common use of Facility Unused Fees Clause in Contracts

Facility Unused Fees. (a) Each Borrower agrees to pay to Administrative Agent, for the account and ratable benefit of the Real Estate Revolving Loan Lenders (other than a Defaulting Lender for such period of time as such Real Estate Revolving Loan Lender is a Defaulting Lender) in accordance with their respective Real Estate Revolving Loan Commitment Percentages a facility unused fee calculated by multiplying the Real Estate Unused Fee Percentage applicable to such day, calculated as a per diem rate, times the excess of the Total Real Estate Revolving Loan Commitment over the Aggregate Real Estate Revolving Credit Obligations outstanding on such day, commencing on the Closing Date and ending on the Maturity Date. The facility unused fee pursuant to this Section 2.3(a) shall be payable quarterly in arrears on the first day of each calendar quarter for the immediately preceding calendar quarter or portion thereof, with a final payment on the Maturity Date. (b) Each Borrower agrees to pay to Administrative Agent for the account and ratable benefit of the A/R Revolving Loan Lenders (other than a Defaulting Lender for such period of time as such A/R Revolving Loan Lender is a Defaulting Lender) in accordance with their respective A/R Revolving Loan Commitment Percentages a facility unused fee calculated by multiplying the A/R Unused Fee Percentage applicable to such day, calculated as a per diem rate, times the excess of the Total A/R Revolving Loan Commitment over the Aggregate A/R Revolving Credit Obligations outstanding on such day commencing on the Closing Date and ending on the Maturity Date. The facility unused fee pursuant to this Section 2.3(b) shall be payable quarterly in arrears on the first day of each calendar quarter for the immediately preceding calendar quarter or portion thereof, with a final payment on the Maturity Date.

Facility Unused Fees. (a) Each The Borrower agrees to pay to Administrative Agent, the Agent for the account and ratable benefit of the Real Estate Revolving Loan Credit Lenders (other than a Defaulting Lender for such period of time as such Real Estate Revolving Loan Lender is a Defaulting Lender) in accordance with their respective Real Estate Revolving Loan Credit Commitment Percentages a facility unused fee calculated (the “Unused Fee (Revolving Credit)”) equal to an aggregate amount computed on a daily basis for such calendar quarter by multiplying the Real Estate Unused Fee Percentage (Revolving Credit) applicable to such day, calculated as a per diem rate, times the excess of the Total Real Estate Revolving Loan Credit Commitment (other than Revolving Credit Commitments made by a Defaulting Lender) over the Aggregate Real Estate Outstanding Revolving Credit Obligations outstanding Loans (other than Revolving Credit Loans made by a Defaulting Lender), Letter of Credit Liabilities and Swing Loans on such day, commencing on the Closing Date and ending on the Maturity Date. The facility unused fee pursuant to this Section 2.3(a) Revolving Credit Unused Fee shall be payable quarterly in arrears on the first (1st) day of each calendar quarter for the immediately preceding calendar quarter or portion thereof, and on any earlier date on which the Revolving Credit Commitments shall be reduced or shall terminate as provided in §2.4, with a final payment on the Revolving Credit Maturity Date. (b) Each Beginning on the calendar day that is one hundred twenty-one (121) calendar days after the Closing Date and ending on the calendar day that is one hundred eighty (180) calendar days after the Closing Date, the Borrower agrees to pay to Administrative the Agent for the account and ratable benefit of the A/R Revolving Term Loan A Lenders (other than a Defaulting Lender for such period of time as such A/R Revolving Loan Lender is a Defaulting Lender) in accordance with their respective A/R Revolving Term Loan A Commitment Percentages a facility unused fee calculated (the “Unused Fee (Term Loan A)”) equal to an aggregate amount computed on a daily basis for such calendar quarter by multiplying the A/R Unused Fee Percentage applicable to such day, calculated as a 0.25% per diem rate, annum times the excess of the Total A/R Revolving Term Loan A Commitment (other than Term Loan A Commitments made by a Defaulting Lender) over the Aggregate A/R Revolving Credit Obligations outstanding on such day commencing on the Closing Date and ending on the Maturity DateOutstanding Term Loans A (other than Term Loans A made by a Defaulting Lender). The facility unused fee pursuant to this Section 2.3(bUnused Fee (Term Loan A) shall be payable quarterly in arrears on the first (1st) day of each calendar quarter for the immediately preceding calendar quarter or portion thereof, with a final payment on the Maturity Date.