REVOLVER FACILITY COMMITMENT FEES. 44 SECTION 6. SECURITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
REVOLVER FACILITY COMMITMENT FEES. Following the Closing Date, Borrower shall pay to Administrative Agent, for the ratable account of Revolver Lenders, a commitment fee, payable in installments in arrears, on each March 31, June 30, September 30, and December 31 and on the Termination Date for the Revolver Facility, commencing December 31, 1998. Each installment shall be, in an amount equal to the Applicable Margin for Commitment Fees MULTIPLIED BY the amount by which (a) the average daily Revolver Commitment exceeds (b) the average daily Revolver Commitment Usage, in each case during the period from and including the last payment date to and excluding the payment date for such installment; PROVIDED THAT, each such installment shall be calculated in accordance with SECTION 5.1(f). Solely for the purposes of this SECTION 5.3, (i) determinations of the average daily Revolver Commitment Usage shall exclude the Revolver Principal Debt of all Swing Line Borrowings (provided that, solely for NationsBank in its capacity as the Lender under the Swing Line Subfacility [and any successor Lender thereunder, "SWING LINE LENDER"], Borrowings under the Swing Line Subfacility will be included in determining the Revolver Commitment Usage for such Swing Line Lender up to, but not in excess of, the amount which causes the Revolver Commitment Usage of such Swing Line Lender to equal the Committed Sum in respect of the Revolver Facility of such Lender); and (ii) "RATABLE" shall mean, for any period of calculation, with respect to any Revolver Lender, that proportion which (x) the average daily unused Revolver Committed Sum of such Revolver Lender during such period bears to (y) the amount of the average daily unused Revolver Commitment during such period.
REVOLVER FACILITY COMMITMENT FEES. Following the Closing Date, the Borrowers shall pay to the Administrative Agent, for the ratable account of Revolver Lenders, a commitment fee, calculated daily from the Closing Date but payable in installments in arrears each March 31, June 30, September 30, and December 31 and on the Termination Date for the Revolver Facility, commencing September 30, 2001. On any day of determination, the commitment fee under this Section 5.3 shall be an amount equal to the Applicable Margin for Commitment Fees multiplied by the amount by which (a) the Revolver Commitment on such day exceeds (b) the Revolver Commitment Usage on such day. Each such installment shall be calculated in accordance with Section 5.1(f). Solely for the purposes of this Section 5.3, "ratable" shall mean, for any period of determination, with respect to any Revolver Lender, that proportion which (x) the average daily unused Committed Sum under the Revolver Facility of such Revolver Lender during such period bears to (y) the amount of the average daily unused Revolver Commitment during such period.
REVOLVER FACILITY COMMITMENT FEES. Following the Closing Date, Borrower shall pay to Administrative Agent, for the ratable account of Lenders, a commitment fee, payable in installments in arrears, on each March 31, June 30, September 30, and December 31 and on the Termination Date of each Facility; commencing March 31, 2000. Each installment shall be, in an amount equal to the amount by which (a) the sum of the average daily Total Commitment exceeds (b) the average daily Principal Debt, in each case during the period from and including the last payment date to and excluding the payment date for such installment multiplied by a percentage equal to (i) 1.250%, if the sum of the average daily Principal Debt for such period is less than or equal to 33.0% of the average daily Total Commitment for such period; (ii) 1.00%, if the average daily Principal Debt during such period is greater than 33.0% of the average daily Total Commitment during said period, but less than or equal to 67.0% of the average daily Total Commitment during such period; and (iii).750%, if the average daily Principal Debt during such period is greater than 67.0% of the average daily Total Commitment during such period; provided that, each such installment of commitment fees shall be calculated in accordance with SECTION 5.1(f). Solely for the purposes of this SECTION 5.3, "ratable" shall mean, for any period of determination, with respect to any Lender, that proportion which (x) the sum of the average daily unused Committed Sums of such Lender under all Facilities during such period bears to (y) the average daily unused Total Commitment during such period. 36 43
REVOLVER FACILITY COMMITMENT FEES. Following the Closing Date, Borrower shall pay to Administrative Agent, for the ratable account of Revolver Lenders, a commitment fee, calculated daily from the Closing Date but payable in installments in arrears each March 31, June 30, September 30, and December 31 and on the Termination Date for the Revolver Facility, commencing March 31, 2000. On any day of determination, the commitment fee under this SECTION 5.3 shall be an amount equal to the Applicable Margin for Commitment Fees MULTIPLIED BY the amount by which (a) the Revolver Commitment on such day exceeds (b) the Revolver Commitment Usage on such day. Each such installment shall be calculated in accordance with SECTION 5.1(f). Solely for the purposes of this SECTION 5.3, (i) determinations of the average daily Revolver Commitment Usage shall exclude the Swing Line Principal Debt; and (ii) "RATABLE" shall mean, for any period of determination, with respect to any Revolver Lender, that proportion which (x) the average daily unused Revolver Committed Sum of such Revolver Lender during such period bears to (y) the amount of the average daily unused Revolver Commitment during such period.
REVOLVER FACILITY COMMITMENT FEES. Following the Closing Date, Borrower shall pay to Administrative Agent, for the ratable account of Lenders, a commitment fee, payable in installments in arrears, on each March 31, June 30, September 30, and December 31 and on the Termination Date, commencing June 30, 1998. Each installment shall be, in an amount equal to the Applicable Margin for Commitment Fees MULTIPLIED BY the amount by which (a) the average daily Revolver Commitment exceeds (b) the average daily Revolver Commitment Usage, in each case during the period from and including the last payment date to and excluding the payment date for such installment; PROVIDED THAT, each such installment shall be calculated in accordance with SECTION 5.1(F). Solely for the purposes of this SECTION 5.5 determinations of the average daily Revolver Commitment Usage shall exclude the Swing Line Borrowings.
REVOLVER FACILITY COMMITMENT FEES. 54 Credit Agreement (i) 5.4 LC Fees........................................................55
REVOLVER FACILITY COMMITMENT FEES. Following the Closing Date, Borrower shall pay to Administrative Agent, for the ratable account of Revolver Lenders, a commitment fee, calculated daily from the Closing Date but payable in installments in arrears each March 31, June 30, September 30, and December 31 and on the Termination Date for the Revolver Facility, commencing March 31, 2000. On any day of determination, the commitment fee shall be an amount equal to the Applicable Margin for Commitment Fees multiplied by the amount by which (a) the Revolver Commitment on such day exceeds (b) the Revolver Commitment Usage on such day. Each such installment shall be calculated in accordance with Section 5.1(f). Solely for the purposes of this Section 5.3, (i) determinations of the average daily Revolver Commitment Usage shall exclude the Swing Line Principal Debt (provided that, solely for Swing Credit Agreement 55
REVOLVER FACILITY COMMITMENT FEES. Following the Closing Date, Borrower shall pay to Administrative Agent, for the ratable account of Lenders, a commitment fee, payable in installments in arrears, on each March 31, June 30, September 30, and December 31 and on the Termination Date, commencing March 31, 1998. Each installment shall be, in an amount equal to the Applicable Margin for Commitment Fees MULTIPLIED BY the amount by which (a) the average daily Revolver Commitment exceeds (b) the average daily Revolver Commitment Usage, in each case during the period from and including the last payment date to and excluding the payment date for such installment; PROVIDED THAT, each such installment shall be calculated in accordance with SECTION 5.1(f).
REVOLVER FACILITY COMMITMENT FEES. Following the Closing Date, --------------------------------- Borrower shall pay to Administrative Agent, for the ratable account of Revolver Lenders, a commitment fee ("Commitment Fee"), calculated daily from the Closing Date but payable in installments in arrears on the last Business Day of each March, June, September, and December and on the Revolver Termination Date, commencing the last Business Day of 2001. On any day of determination, the commitment fee under this Section 5.3 shall be an amount equal to the Applicable Margin for Commitment Fees multiplied by the amount by which (a) the Revolver Commitment on such day exceeds (b) the Revolver Principal Debt on such day. Solely for the purposes of this Section 5.3, (i) determinations of the average daily Revolver Principal Debt shall exclude the Swing Line Principal Debt; and (ii) "ratable" shall mean, for any period of determination, with respect to any Revolver Lender, that proportion which (x) the average daily unused Committed Sum of such Revolver Lender during such period bears to (y) the amount of the average daily unused Revolver Commitment during such period.
