Common use of Revolving Credit Commitment Fee Clause in Contracts

Revolving Credit Commitment Fee. The Borrowers shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. For greater certainty, any Swing Loans outstanding shall be excluded for purposes of computing the Unused Revolving Credit Commitments and commitment fee. Such commitment fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereof) and on the scheduled Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.

Revolving Credit Commitment Fee. The Borrowers Borrower shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a quarterly commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. For greater certainty, any Swing Loans outstanding shall be excluded Commitments for purposes of computing the Unused preceding quarter (or shorter period commencing on the Closing Date or ending on the Revolving Credit Commitments and commitment feeTermination Date). Such commitment fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereof) and on the scheduled Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.

Revolving Credit Commitment Fee. The Borrowers Borrower shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a commitment fee (the “Revolving Credit Commitment Fee”) at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on times the average daily Unused Revolving Credit Commitments. For greater certainty, any Swing Loans outstanding shall be excluded for purposes of computing amount by which the Unused aggregate Revolving Credit Commitments exceeds the principal amount of Revolving Loans and commitment feeL/C Obligations then outstanding. Such commitment fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereofClosing Date) and on the scheduled Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.