Revolving Commitment Unused Fee Sample Clauses

Revolving Commitment Unused Fee. In consideration of the Revolving Commitments of the Lenders hereunder, the Borrower promises to pay to the Administrative Agent for the account of each Lender a fee (the "Revolving Commitment Unused Fee") on the Unused Revolving Committed Amount computed at a per annum rate for each day during the applicable Revolving Commitment Unused Fee Calculation Period (hereinafter defined) at a rate equal to the Applicable Percentage in effect from time to time. The Revolving Commitment Unused Fee shall commence to accrue on the Closing Date and shall be due and payable in arrears on the last Business Day of each March, June, September and December (and on any date that the Revolving Committed Amount is reduced and on the Maturity Date) for the immediately preceding quarter (or portion thereof) (each such quarter or portion thereof for which the Revolving Commitment Unused Fee is payable hereunder being herein referred to as an "Revolving Commitment Unused Fee Calculation Period"), beginning with the payment due on December 31, 2001.