Common use of Fees Reductions in Aggregate Commitment Clause in Contracts

Fees Reductions in Aggregate Commitment. 2.4.1 The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share (a) a commitment fee at a per annum rate equal to the Applicable Commitment Fee Rate on the daily unused portion of the Aggregate Commitment (the “Commitment Fee”) from and including the date hereof to but excluding the Facility Termination Date, payable in arrears on each Payment Date and on the Facility Termination Date and (b) a utilization fee at a per annum rate equal to the Applicable Utilization Fee Rate on the aggregate principal amount of the outstanding Revolving Loans for each day on which the aggregate principal amount of the outstanding Revolving Loans equals or exceeds 50% of the Aggregate Commitment (the “Utilization Fee”) from and including the date hereof to but excluding the Facility Termination Date, payable in arrears on each Payment Date and on the Facility Termination Date. For purposes of calculating the Commitment Fee, Swingline Loans shall not be deemed a utilization of the Aggregate Commitment. For purposes of calculating the Utilization Fee, Swingline Loans shall be deemed a utilization of the Aggregate Commitment. 2.4.2 The Borrower agrees to pay to the Administrative Agent on the Closing Date, for the account of each Lender, an upfront fee as provided for in the Fee Letter. 2.4.3 The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in a minimum amount of $10,000,000 and higher integral multiples of $1,000,000, upon at least three Business Days’ prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure. All accrued Commitment Fees and Utilization Fees shall be payable on the effective date of any termination of the Commitments in full.

Fees Reductions in Aggregate Commitment. 2.4.1 (i) The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share (a) a commitment facility fee at a per annum rate equal to the Applicable Commitment Fee Rate on the average daily unused portion of the Aggregate Commitment (the “Commitment Fee”regardless of usage) from and including the date hereof to but excluding and including the Facility Termination Date, payable in arrears on each Payment Date and on the Facility Termination Date and (b) a utilization fee at a per annum rate equal to the Applicable Utilization Fee Rate on the aggregate principal amount of the outstanding Revolving Loans for each day on which the aggregate principal amount of the outstanding Revolving Loans equals or exceeds 50% of the Aggregate Commitment (the “Utilization Fee”) from and including the date hereof to but excluding the Facility Termination Date, payable in arrears on each Payment Date hereafter and on the Facility Termination Date. For purposes of calculating the Commitment Fee, Swingline Loans shall not be deemed a utilization of the Aggregate Commitment. For purposes of calculating the Utilization Fee, Swingline Loans shall be deemed a utilization of the Aggregate Commitment. 2.4.2 The Borrower agrees to pay to the Administrative Agent on the Closing Date, for the account of each Lender, an upfront fee as provided for in the Fee Letter. 2.4.3 The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in a minimum amount of $10,000,000 and higher an integral multiples multiple of $1,000,000, upon at least three Business Days’ prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided , provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure. All accrued Commitment Fees and Utilization Fees commitment fees shall be payable on the effective date of any termination of the Commitments obligations of the Lenders to make Credit Extensions hereunder. Borrower may terminate the Aggregate Commitment at any time, provided that the Borrower provides at least three Business Days’ written notice to the Agent of Borrower’s election to terminate and that the Aggregate Outstanding Credit Exposure is reduced to zero on or before the effective date of the termination. (ii) The Borrower agrees to pay a utilization fee for any period of time with respect to which the outstanding Loans exceed 33-1/3% of the Aggregate Commitment, which fee shall be payable on each Payment Date in fullthe amount set forth in the Pricing Schedule.

Fees Reductions in Aggregate Commitment. 2.4.1 2.4.1. The Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share (a) a commitment fee at a per annum rate equal to the Applicable Commitment Fee Rate on the daily unused portion of the Aggregate Commitment (the “Commitment Fee”) from and including the date hereof to but excluding the Facility Termination Date, payable in arrears on each Payment Date and on the Facility Termination Date and (b) a utilization fee at a per annum rate equal to the Applicable Utilization Fee Rate on the aggregate principal amount of the outstanding Revolving Loans for each day on which the aggregate principal amount of the outstanding Revolving Loans equals or exceeds 50% of the Aggregate Commitment (the “Utilization Fee”) from and including the date hereof to but excluding the Facility Termination Date, payable in arrears on each Payment Date and on the Facility Termination Date. For purposes of calculating the Commitment Fee, Swingline Loans shall not be deemed a utilization of the Aggregate Commitment. For purposes of calculating the Utilization Fee, Swingline Loans shall be deemed a utilization of the Aggregate Commitment. 2.4.2 2.4.2. The Borrower agrees to pay to the Administrative Agent on the Closing Date, for the account of each Lender, an upfront fee as provided for in the Fee Letter. 2.4.3 2.4.3. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in a minimum amount of $10,000,000 and higher integral multiples of $1,000,000, upon at least three Business Days’ prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure. All accrued Commitment Fees and Utilization Fees shall be payable on the effective date of any termination of the Commitments in full.