Revolving Facility Fees. During the period from the Effective Date to but excluding the Revolving Termination Date, the Borrower agrees to pay to the Administrative Agent for the account of the Revolving Lenders a facility fee equal to the daily aggregate amount of the Revolving Commitments (whether or not utilized) times a rate per annum equal to the Applicable Facility Fee. Such fee shall be payable quarterly in arrears on the first day of each January, April, July and October during the term of this Agreement and on the Revolving Termination Date or any earlier date of termination of the Revolving Commitments or reduction of the Revolving Commitments to zero. The Borrower acknowledges that the fee payable hereunder is a bona fide commitment fee and is intended as reasonable compensation to the Revolving Lenders for committing to make funds available to the Borrower as described herein and for no other purposes.
Revolving Facility Fees. During the period from the Effective Date to but excluding the Revolving Termination Date, the Borrower agrees to pay to the Administrative Agent for the account of the Revolving Lenders an unused facility fee equal to the sum of the daily amount (the “Unused Amount”) by which the aggregate amount of the Revolving Commitments exceeds the aggregate outstanding principal balance of Revolving Loans and Letter of Credit Liabilities set forth in the table below multiplied by the corresponding per annum rate: Greater than 50% of the aggregate amount of Commitments 0.25% Less than or equal to 50% of the aggregate amount of Commitments 0.20% Such fee shall be computed on a daily basis and payable quarterly in arrears on the first day of each January, April, July and October during the term of this Agreement and on the Revolving Termination Date or any earlier date of termination of the Revolving Commitments or reduction of the Revolving Commitments to zero. For the avoidance of doubt, for purposes of calculating an unused facility fee, the outstanding principal balance of Swingline Loans shall not be factored into the computation.
Revolving Facility Fees. (i) During the period from the Effective Date to but excluding the Revolving Termination Date (or, if earlier, the occurrence of a Credit Rating Election Event), Borrower agrees to pay to Administrative Agent for the account of the Revolving Lenders an unused revolving facility fee equal to (x) the amount by which the aggregate amount of the Revolving Commitments exceeds the average daily amount of the aggregate outstanding principal balance of Revolving Loans and Letter of Credit Liabilities (the “Unused Amount”) multiplied by (y) the corresponding per annum rate set forth in the table below: Greater than or equal to 50.0% of the aggregate amount of Revolving Commitments 0.25 % Less than 50.0% of the aggregate amount of Revolving Commitments 0.15 % Such fee shall be computed on a daily basis and payable quarterly in arrears on the last day of each March, June, September and December during the term of this Agreement and on the Revolving Termination Date or any earlier date of termination of the Revolving Commitments or reduction of the Revolving Commitments to zero. For the avoidance of doubt, for purposes of calculating an unused facility fee, the outstanding principal balance of Swingline Loans shall not be factored into the computation.
(ii) Upon the occurrence of the Credit Rating Election Event until the Revolving Termination Date, and so long as the Applicable Margin shall be determined by reference to the Rating, Borrower agrees to pay to Administrative Agent for the account of the Revolving Lenders a facility fee equal to the average daily aggregate amount of the Revolving Commitments (whether or not utilized) times a rate per annum equal to the Applicable Facility Fee. Such fee shall be payable quarterly in arrears on the last day of each March, June, September and December during the term of this Agreement and on the Revolving Termination Date or any earlier date of termination of the Revolving Commitments or reduction of the Revolving Commitments to zero.
Revolving Facility Fees. During the period from the Effective Date to but excluding the Revolving Termination Date, the Borrower agrees to pay to the Administrative Agent for the account of the Revolving Lenders of each Class of Revolving Loans a facility fee in Dollars equal to the daily aggregate amount of the Revolving Commitments of such Class (whether or not utilized) times a rate per annum equal to the Applicable Revolving Facility Fee. Such fee shall be payable quarterly in arrears on the first day of each January, April, July and October during the term of this Agreement and on the Revolving Termination Date or any earlier date of termination of the Revolving Commitments of such Class or reduction of the Revolving Commitments of such Class to zero. The Borrower acknowledges that the fee payable hereunder is a bona fide commitment fee and is intended as reasonable compensation to the Revolving Lenders for committing to make funds available to the Borrower as described herein and for no other purposes.
Revolving Facility Fees. The Borrower agrees to pay to the Agent for the account of each Lender a facility fee equal to the average daily amount of the Commitment of such Lender (whether or not utilized) times the Facility Fee for the period from and including the Agreement Date to but excluding the date such Commitment is terminated or reduced to zero or the Termination Date, such fee to be paid in arrears on (i) the last day of March, June, September and December in each year, (ii) the date of each reduction in the Commitments (but only on the amount of the reduction) and (iii) on the Termination Date.
Revolving Facility Fees. (i) The U.S. Borrower agrees to pay, in Dollars in immediately available funds, (A) to each U.S. Revolving Lender a facility fee (a “U.S. Revolving Facility Fee”) equal to the Applicable Rate times the actual daily amount of the aggregate U.S. Revolving Commitments (or, if the U.S. Revolving Commitments have terminated, on the U.S. Revolving Outstandings); regardless of usage; provided, however, that any facility fee accrued with respect to any of the U.S. Revolving Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the U.S. Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such facility fee shall otherwise have been due and payable by the U.S. Borrower prior to such time; and provided further that no facility fee shall accrue on any of the U.S. Revolving Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender and (ii) The U.K. Borrower agrees to pay, in Dollars in immediately available funds, (A) to each U.K. Revolving Lender a facility fee (a “U.K. Revolving Facility Fee”) equal to the Applicable Rate times the actual daily amount of the aggregate U.K. Revolving Commitments (or, if the U.K. Revolving Commitments have terminated, on the U.K. Revolving Outstandings); regardless of usage; provided, however, that any facility fee accrued with respect to any of the U.K. Revolving Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the U.K. Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such facility fee shall otherwise have been due and payable by the U.K. Borrower prior to such time; and provided further that no facility fee shall accrue on any of the U.K. Revolving Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The facility fees shall accrue at all times from the date hereof through the Revolving Credit Termination Date at the Applicable Rate (and thereafter so long as any U.S. Revolving Outstandings or U.K. Revolving Outstandings, as applicable, exist), including at any time during which one or more of the conditions in Article IV 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 last Business Day in ...
Revolving Facility Fees. As an inducement to Lender to make the Revolving Facility available to Borrower, Borrower hereby agrees to pay or has paid to Lender the following fees:
(i) for so long as the Revolving Facility is available to Borrower, a monthly unused line fee (the “Unused Line Fee”) equal to one half of one percent (0.50%) per annum multiplied by the average amount by which the Maximum Revolving Facility Amount exceeds the average amount of the outstanding principal balance of the Revolving Credit Loans during the preceding month. The Unused Line Fee shall be due and payable monthly in arrears on the first Business Day of each successive calendar month and on the Maturity Date (Term C) (and to the extent the Maturity Date (Term C) does not fall on the first Business Day of a calendar month, such fee shall be pro rated based on the number of days actually elapsed in such month) and shall be non-refundable when paid.
(ii) an initial commitment fee equal to one percent (1.00%) of the Maximum Revolving Facility Amount (the “Revolving Facility Commitment Fee”), which Borrower has paid to Lender. The Revolving Facility Commitment Fee was deemed fully earned and non-refundable when paid.
Revolving Facility Fees. On May 22, 2016 and each anniversary thereof for so long as the Revolving Facility is in effect, a facility fee equal to one half of one percent (0.5%) of the Revolving Line, each of which are fully earned and nonrefundable; and
Revolving Facility Fees. Beginning on the First Amendment Effective Date, the Borrower agrees to pay to the Administrative Agent for the account of each of the Lenders with outstanding Revolving Loans, facility fees (“Revolving Facility Fees”) on the outstanding Revolving Loans for each day in an amount equal to the product of the outstanding principal amount of Revolving Loans on such day times the Facility Fee Rate.
Revolving Facility Fees. The Company agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender a facility fee (herein, the “Revolving Facility Fee”), which shall accrue at a rate per annum equal to the Applicable Margin, on the daily average unused amount of the Revolving Credit Commitment of such Lender during the period from and including the Closing Date to but excluding the date on which such Revolving Credit Commitment terminates. Accrued facility fees shall be payable in arrears on each Quarterly Date and, in respect of any Revolving Credit Commitments, on the date such Revolving Credit Commitments terminate, commencing on the first such date to occur after the date hereof. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of computing facility fees, the Revolving Credit Commitment of a Lender shall be deemed to be used to the extent of the outstanding Syndicated Revolving Credit Loans and Revolving LC Exposure of such Lender (and the Swingline Exposure of such Lender shall be disregarded for such purpose).
