Common use of Participant Commitment Fees Clause in Contracts

Participant Commitment Fees. (a) Each Participant will receive, from amounts paid by the Borrowers under the Loan Documents and the Sponsor under the Operative Documents, a commitment fee (the “Participant Commitment Fee”) equal to the average daily amount of its Participant’s Unused Commitment for the period commencing on the Effective Date and ending on the Final Termination Date, or such earlier date as the Participating Commitment shall expire or terminate, multiplied by the Applicable Percentage per annum, such Participant Commitment Fee to be payable in arrears on each Participant Quarterly Payment Date, commencing on December 31, 2017, for the preceding Payment Period, calculated on the basis of a 360-day year and the actual number of days elapsed.

Participant Commitment Fees. (a) Each Participant will receive, from amounts paid by the Borrowers under the Loan Documents and the Sponsor under the Operative Documents, a commitment fee (the “Participant Commitment Fee”) equal to the average daily amount of its Participant’s Unused Commitment for the period commencing on the Effective Date and ending on the Final Termination Date, or such earlier date as the Participating Commitment shall expire or terminate, multiplied by the Applicable Percentage per annum, such Participant Commitment Fee to be payable in arrears on each Participant Quarterly Payment Date, commencing on December 31June 30, 20172022, for the preceding Payment Period, calculated on the basis of a 360-day year and the actual number of days elapsed.

Participant Commitment Fees. (a) Each Participant will receive, from amounts paid by the Borrowers under the Loan Documents and the Sponsor under the Operative Documents, a commitment fee (the “Participant Commitment Fee”) equal to the average daily amount of its Participant’s Unused Commitment for the period commencing on the Effective Date and ending on the Final Termination Date, or such earlier date as the Participating Commitment shall expire or terminate, multiplied by the Applicable Percentage per annum, such Participant Commitment Fee to be payable in arrears on each Participant Quarterly Payment Date, commencing on December 31, 20172020, for the preceding Payment Period, calculated on the basis of a 360-day year and the actual number of days elapsed.

Participant Commitment Fees. (a) Each Participant will receive, from amounts paid by the Borrowers under the Loan Documents and the Sponsor under the Operative Documents, a commitment fee (the “Participant Commitment Fee”) equal to the average daily amount of its Participant’s Unused Commitment for the period commencing on the Effective Date and ending on the Final Termination Date, or such earlier date as the Participating Commitment shall expire or terminate, multiplied by the Applicable Percentage per annum, such Participant Commitment Fee to be payable in arrears on each Participant Quarterly Payment Date, commencing on December 31June 30, 20172010, for the preceding Payment Period, calculated on the basis of a 360-day year and the actual number of days elapsed.

Participant Commitment Fees. (a) Each Participant will receive, from amounts paid by the Borrowers under the Loan Documents and the Sponsor under the Operative Documents, a commitment fee (the “Participant Commitment Fee”) equal to the average daily amount of its Participant’s Unused Commitment for the period commencing on the Effective Date and ending on the Final Termination Date, or such earlier date as the Participating Commitment shall expire or terminate, multiplied by the Applicable Percentage per annum, such Participant Commitment Fee to be payable in arrears on each Participant Quarterly Payment Date, commencing on December 31June 30, 20172014, for the preceding Payment Period, calculated on the basis of a 360-day year and the actual number of days elapsed.