Common use of Revolving Credit Commitment Fees Clause in Contracts

Revolving Credit Commitment Fees. The Parent Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Pro Rata Share, a commitment fee (each, a “Revolving Credit Commitment Fee” and, collectively, the “Revolving Credit Commitment Fees”) equal to the Applicable Rate times the actual daily amount by which the aggregate Revolving Credit Commitments exceed the sum of (i) the Outstanding Amount of Revolving Credit Loans and (ii) the Outstanding Amount of L/C Obligations. The Revolving Credit Commitment Fees shall accrue at all times from the Original Closing Date until the Maturity Date of the Revolving Credit Facility, including at any time during which one or more of the conditions in Article 4 is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Original Closing Date, and on the Maturity Date for the Revolving Credit Facility. The Revolving Credit Commitment Fees shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

Revolving Credit Commitment Fees. The Parent Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Pro Rata Share, a commitment fee (each, a “Revolving Credit Commitment Fee” and, collectively, the “Revolving Credit Commitment Fees”) equal to ), which shall accrue at the Applicable Rate times on the actual daily amount (if any) by which the aggregate Revolving Credit Commitments exceed the sum Commitment of (i) the Outstanding Amount of such Revolving Credit Loans Lender exceeds the Revolving Credit Exposure of such Revolving Credit Lender during the period from and (ii) including the Outstanding Amount of L/C ObligationsClosing Date to but excluding the date on which such Revolving Credit Commitment terminates. The Accrued Revolving Credit Commitment Fees shall accrue at all times from the Original Closing Date until the Maturity Date of the Revolving Credit Facility, including at any time during which one or more of the conditions in Article 4 is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and DecemberDecember of each year (each, “Commitment Fee Payment Date”) and on the date on which the Revolving Credit Commitments terminate, commencing with on the first such date to occur after the Original Closing Date, date hereof; provided that any accrued and unpaid Revolving Credit Commitment Fees outstanding after the date on the Maturity Date for which the Revolving Credit FacilityCommitments terminate shall be payable on demand. The All Revolving Credit Commitment Fees shall be calculated quarterly in arrears, computed on the basis of a year of 360 days and if there is any change in the Applicable Rate during any quarter, shall be payable for the actual daily amount shall be computed and multiplied by number of days elapsed (including the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effectfirst day but excluding the last day).

Revolving Credit Commitment Fees. The Parent Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Pro Rata Share, a commitment fee (each, a “Revolving Credit Commitment Fee” and, collectively, the “Revolving Credit Commitment Fees”) equal to ), which shall accrue at the Applicable Rate times on the actual daily amount (if any) by which the aggregate Revolving Credit Commitments exceed the sum Commitment of (i) the Outstanding Amount of such Revolving Credit Loans Lender exceeds the Revolving Credit Exposure of such Revolving Credit Lender during the period from and (ii) including the Outstanding Amount of L/C ObligationsClosing Date to but excluding the date on which such Revolving Credit Commitment terminates. The Accrued Revolving Credit Commitment Fees shall accrue at all times from the Original Closing Date until the Maturity Date of the Revolving Credit Facility, including at any time during which one or more of the conditions in Article 4 is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and DecemberDecember of each year (each, “Commitment Fee Payment Date”) and on the date on which the Revolving Credit Commitments terminate, commencing with on the first such date to occur after the Original Closing Date, ; provided that any accrued and unpaid Revolving Credit Commitment Fees outstanding after the date on the Maturity Date for which the Revolving Credit FacilityCommitments terminate shall be payable on demand. The All Revolving Credit Commitment Fees shall be calculated quarterly in arrears, computed on the basis of a year of 360 days and if there is any change in the Applicable Rate during any quarter, shall be payable for the actual daily amount shall be computed and multiplied by number of days elapsed (including the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effectfirst day but excluding the last day).