Common use of Revolving Commitment Reduction Fee Clause in Contracts

Revolving Commitment Reduction Fee. The Revolving Commitments may not be reduced or terminated pursuant to Section 2.10(a) unless the Borrower pays to the Administrative Agent (for the ratable benefit of the Revolving Lenders), contemporaneously with the reduction or termination of the Revolving Commitments, a fee equal to, (i) with respect to any such reduction or termination of the Revolving Commitments made during the period commencing on the Third Amendment Effective Date and ending prior to the first anniversary of the Third Amendment Effective Date, 4.00% of the aggregate amount of the Revolving Commitments so reduced or terminated; (ii) with respect to any such reduction or termination of the Revolving Commitment made during the period commencing on the first anniversary of the Third Amendment Effective Date and ending prior to the second anniversary of the Third Amendment Effective Date, 3.00% of the aggregate amount of the Revolving Commitments so reduced or terminated; and (iii) with respect to any such reduction or termination of the Revolving Commitments during the period commencing on the second anniversary of the Third Amendment Effective Date and ending on the date that is thirty (30) days prior to the Revolving Termination Date, 1.00% of the aggregate amount of the Revolving Commitments so reduced or terminated. Any such fee described in this Section 2.10(c) shall be fully earned on the date paid and shall not be refundable for any reason.”

Revolving Commitment Reduction Fee. The Revolving Commitments may not be reduced or terminated pursuant to Section 2.10(a) unless the Borrower pays to the Administrative Agent (for the ratable benefit of the Revolving Lenders), contemporaneously with the reduction or termination of the Revolving Commitments, a fee equal to, (i) with respect to any such reduction or termination of the Revolving Commitments made during the period commencing on the Third Amendment Effective Closing Date and ending prior to the first anniversary of the Third Amendment Effective Closing Date, 4.00% of the aggregate amount of the Revolving Commitments so reduced or terminated; (ii) with respect to any such reduction or termination of the Revolving Commitment Commitments made during the period commencing on the first anniversary of the Third Amendment Effective Closing Date and ending prior to the second anniversary of the Third Amendment Effective Closing Date, 3.00% of the aggregate amount of the Revolving Commitments so reduced or terminated; and (iii) with respect to any such reduction or termination of the Revolving Commitments during the period commencing on the second anniversary of the Third Amendment Effective Closing Date and ending prior to the third anniversary of the Closing Date, 2.00% of the aggregate amount of the Revolving Commitments so reduced or terminated; and (iv) with respect to any such reduction or termination of the Revolving Commitments during the period commencing on the date that is thirty (30) days third anniversary of the Closing Date and ending prior to the Revolving Termination Date, 1.000.00% of the aggregate amount of the Revolving Commitments so reduced or terminated. Any such fee described in this Section 2.10(c) shall be fully earned on the date paid and shall not be refundable for any reason.”

Revolving Commitment Reduction Fee. The Revolving Commitments may not be reduced or terminated pursuant to Section 2.10(a) unless the Borrower pays to the Administrative Agent (for the ratable benefit of the Revolving Lenders), contemporaneously with the reduction or termination of the Revolving Commitments, a fee equal to, (i) with respect to any such reduction or termination of the Revolving Commitments made during the period commencing on the Third Amendment Effective Closing Date and ending prior to the first anniversary of the Third Amendment Effective Closing Date, 4.003.00% of the aggregate amount of the Revolving Commitments so reduced or terminated; (ii) with respect to any such reduction or termination of the Revolving Commitment made during the period commencing on the first anniversary of the Third Amendment Effective Closing Date and ending prior to the second anniversary of the Third Amendment Effective Closing Date, 3.002.00% of the aggregate amount of the Revolving Commitments so reduced or terminated; and (iii) with respect to any such reduction or termination of the Revolving Commitments during the period commencing on the second anniversary of the Third Amendment Effective Closing Date and ending on the date that is thirty (30) days prior to the Revolving Termination Date, 1.00, 1. 00% of the aggregate amount of the Revolving Commitments so reduced or terminated. Any such fee described in this Section 2.10(c) shall be fully earned on the date paid and shall not be refundable for any reason.”

Revolving Commitment Reduction Fee. The Revolving Commitments may not be reduced or terminated pursuant to Section 2.10(a) unless the Borrower pays to the Administrative Agent (for the ratable benefit of the Revolving Lenders), contemporaneously with the reduction or termination of the Revolving Commitments, a fee equal to, (i) with respect to any such reduction or termination of the Revolving Commitments made during the period commencing on the Third Amendment Effective Date and ending prior to the first anniversary of the Third Amendment Effective Date, 4.00% of the aggregate amount of the Revolving Commitments so reduced or terminated; (ii) with respect to any such reduction or termination of the Revolving Commitment made during the period commencing on the Closing Date and ending on the first anniversary of the Third Amendment Effective Date and ending prior to the second anniversary of the Third Amendment Effective Closing Date, 3.002.00% of the aggregate amount of the Revolving Commitments so reduced or terminated; and (iiiii) with respect to any such reduction or termination of the Revolving Commitments during the period commencing on the second first anniversary of the Third Amendment Effective Closing Date and ending on the date that is thirty (30) days prior to second anniversary of the Revolving Termination Closing Date, 1.00% of the aggregate amount of the Revolving Commitments so reduced or terminated. Any such fee described in this Section 2.10(c2.10(b) shall be fully earned on the date paid and shall not be refundable for any reason. Notwithstanding the foregoing, each Lender agrees that the fee described in this clause (b) owing to such Lender shall be waived if such Lender agrees to re-finance and re-document the Facility under another division of such Lender (in its sole and exclusive discretion) prior to the Revolving Termination Date.”

Revolving Commitment Reduction Fee. The Revolving Commitments may not be reduced or terminated pursuant to Section 2.10(a) unless the Borrower pays to the Administrative Agent (for the ratable benefit of the Revolving Lenders), contemporaneously with the reduction or termination of the Revolving Commitments, a fee equal to, (i) with respect to any such reduction or termination of the Revolving Commitments made during the period commencing on the Third Amendment Effective Date and ending prior to the first anniversary of the Third Amendment Effective Date, 4.003.00% of the aggregate amount of the Revolving Commitments so reduced or terminated; (ii) with respect to any such reduction or termination of the Revolving Commitment made during the period commencing on the first anniversary of the Third Amendment Effective Date and ending prior to the second anniversary of the Third Amendment Effective Date, 3.002.00% of the aggregate amount of the Revolving Commitments so reduced or terminated; and (iii) with respect to any such reduction or termination of the Revolving Commitments during the period commencing on the second anniversary of the Third Amendment Effective Date and ending on the date that is thirty (30) days prior to the Revolving Termination Date, 1.00% of the aggregate amount of the Revolving Commitments so reduced or terminated. Any such fee described in this Section 2.10(c) shall be fully earned on the date paid and shall not be refundable for any reason.”