Revolving Loan Commitment Fee. The Revolving Loan Borrower agrees to pay to Agent, for the account of the Lenders, a commitment fee (the “Revolving Loan Commitment Fee”) calculated at a per annum rate equal to the Revolving Loan Commitment Fee Rate on the average daily amount by which the Aggregate Revolving Loan Commitment exceeds the sum of (a) the actual aggregate outstanding principal balance of the Revolving Swing Line Loans on each day (it being understood that any portion of the outstanding principal balance of the Revolving Swing Line Loans ceases to be outstanding under the Revolving Swing Line Loans and commences being a portion of the outstanding principal balance under the Revolving Loans on the date that the Revolving Loans are funded to repay such portion of the outstanding principal balance of the Revolving Swing Line Loans); plus (b) the actual aggregate outstanding principal balance of the Revolving Loans plus the LC Obligations on each day; provided that, if the aggregate amount of the Revolving Loan Commitment Fee payable for any period to the Lenders other than the Swing Line Lender (as set forth in the third sentence of this paragraph) exceeds the amount calculated under this sentence, then the Revolving Loan Borrower agrees to pay to the Agent, for the account of such Lenders, such additional amounts so that each Lender other than the Swing Line Lender receives the full amount of Revolving Loan Commitment Fee described in the third sentence of this paragraph. The accrued Revolving Loan Commitment Fee shall be due and payable in arrears on each Quarterly Payment Date hereafter and on the Termination Date for the three month period or other time period ending on the last day of the preceding fiscal quarter or on the Termination Date. The Revolving Loan Commitment Fee payable to each Lender other than the Swing Line Lender shall be based upon the amount determined by multiplying such Lender’s Pro Rata Share by the average daily amount by which the Aggregate Revolving Loan Commitment exceeds the actual aggregate outstanding principal balance of the Revolving Loans plus the LC Obligations on each day. The Revolving Loan Commitment Fee payable to the Lender which is the Swing Line Lender shall be based upon the amount determined by multiplying such Lender’s Pro Rata Share by the average daily amount by which the Aggregate Revolving Loan Commitment exceeds the actual aggregate outstanding principal balance of the Revolving Loans plus the LC Obligations on each day and sub...
Revolving Loan Commitment Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee on the daily average unused amount of the Revolving Loan Commitment of such Revolving Lender, for each day during the period from the Closing Date until the Maturity Date, at a rate equal to 0.25% per annum (or, during any period where less than 50% of the aggregate Revolving Loan Commitments have been utilized, 0.50% per annum), accrued commitment fees to be payable on each Borrowing Date in respect of the Revolving Loan and upon any termination or expiry of the applicable Revolving Loan Commitments.
Revolving Loan Commitment Fee. From the Closing Date, Borrower shall pay Administrative Agent, for the benefit of all Lenders (based upon their respective Pro Rata Shares of the Revolving Loan Commitment), a fee in an amount equal to (i) the Revolving Loan Commitment less the average daily outstanding balance of Revolving Loans during the preceding calendar quarter multiplied by (ii) 0.50% per annum. Such fee is to be paid quarterly in arrears on the last day of each calendar quarter for such calendar quarter (or portion thereof), with the final such payment due on the Revolving Loan Expiration Date.
Revolving Loan Commitment Fee. From the Closing Date, Borrower shall pay Administrative Agent, for the benefit of all Lenders (based upon their respective Pro Rata Shares of the Revolving Loan Commitment), a fee in an amount equal to (i) the Revolving Loan Commitment less the average daily ---- outstanding balance of Revolving Loans during the preceding calendar quarter multiplied by (ii) the Applicable Commitment Fee Percentage. Such fee is to be ---------- -- paid quarterly in arrears on the last day of each calendar quarter for such calendar quarter (or portion thereof), with the final such payment due on the Expiration Date.
Revolving Loan Commitment Fee. The Borrowers agree to pay to the Administrative Agent for the account of each Bank as compensation for the Aggregate Revolving Loan Commitment, a fee based on the average daily unused committed amount of the Revolving Credit Facility (the "REVOLVING LOAN COMMITMENT FEE") computed as indicated on the chart set forth on Exhibit D hereto, based on the then applicable Leverage Ratio of the Borrowers. The Revolving Loan Commitment Fee shall be payable quarterly in arrears on the first day of each January, April, July and October, commencing October 1, 1998 (for the three month period or portion thereof ended on the preceding day), and on the Revolving Loan Termination Date. The Revolving Loan Commitment Fee shall be calculated on the basis of the actual number of days elapsed in a 360-day year.
Revolving Loan Commitment Fee. Xxxxxx agrees to pay to First Union, as Agent, for the account of each Bank as compensation for the Aggregate Revolving Loan Commitment, a fee (the "REVOLVING LOAN COMMITMENT FEE") computed as follows: (1) when the average daily balance of the aggregate Loans outstanding under the Revolving Credit Notes (measured over the previous calendar quarter or portion thereof, as applicable) is less than __% of the Aggregate Revolving Loan Commitment, Xxxxxx shall pay a Revolving Loan Commitment Fee equal to __% of the unused portion of the Aggregate Revolving Loan Commitment, and (2) when the average daily balance of the aggregate Loans outstanding under the Revolving Credit Notes (measured over the previous calendar quarter or portion thereof, as applicable) is at least __% of the Aggregate Revolving Loan Commitment, Xxxxxx shall pay a Revolving Loan Commitment Fee equal to __% of the unused portion of the Aggregate Revolving Loan Commitment. The Revolving Loan Commitment Fee shall be payable in arrears on the first day of each January, April, July and October, commencing July 1, 1997 (for the three month period or portion thereof ended on the preceding day), and on the Revolver Termination Date. The Revolving Loan Commitment Fee shall be calculated on the basis of a 360 day year.*
Revolving Loan Commitment Fee. On the Closing Date, the Loan Parties shall pay the Revolving Loan Commitment Fee to ACFS (and the Loan Parties hereby authorize Agent to deduct from the aggregate proceeds from the sales of the Notes by the Loan Parties, the unpaid amount of such Revolving Loan Commitment Fee);
Revolving Loan Commitment Fee. In consideration of the Revolving Loan Commitment, the Company shall pay to Agent, for the ratable benefit of the Purchasers making Revolving Loan Commitments, a commitment fee (the “Revolving Loan Commitment Fee”) in an amount equal to 0.5% per annum on the average daily unused amount of the Revolving Loan Commitment Amount. The Revolving Loan Commitment Fee shall be payable monthly in arrears on the first Business Day of each calendar month, commencing on November 1, 2004 and ending on the Revolving Loan Termination Date.]”
Revolving Loan Commitment Fee. Borrower shall pay to Administrative Agent for the account of Lenders a non-refundable, recurring Revolving Loan Commitment Fee calculated by applying the daily equivalent of an annual rate equal to the applicable Revolving Loan Commitment Fee specified in the table in Section 4.5 to the Unused Revolving Loan Commitment on each day during the period from the Effective Date to the Revolving Loan Maturity Date. The Unused Revolving Loan Commitment on any day shall be the difference between (i) the amount of the Aggregate Revolving Loan Commitment and (ii) the sum of (a) the Aggregate Revolving Loan, and (b) the Letter of Credit Exposure. The Revolving Loan Commitment Fee shall be payable quarterly in arrears commencing on the first day of the first calendar quarter beginning after the Effective Date and continuing on the first day of each quarter thereafter and on the Revolving Loan Maturity Date.
Revolving Loan Commitment Fee. The Borrower agrees to pay to the Administrative Agent for the account of each of the Lenders with a Revolving Loan Commitment, in accordance with such Lender’s respective Commitment Ratio for the Revolving Loan Commitment, commitment fees (“Revolving Commitment Fees”) on the Available Revolving Loan Commitment for each day from the Agreement Date through the Revolving Loan Maturity Date. Until the third (3rd) Business Day after the financial statements referred to in Section 6.1, and the Performance Certificate referred to in Section 6.3 are furnished to the Administrative Agent for the fiscal quarter ending June 30, 2007, such Revolving Commitment Fees shall be in an amount equal to the product of (i) the Available Revolving Loan Commitment times (ii) 0.500% from the Agreement Date and shall remain at that level. Thereafter, such Revolving Commitment Fees shall be determined by the Administrative Agent based upon the Leverage Ratio as of the end of the fiscal quarter most recently ended, effective as of the third (3rd) Business Day after the financial statements referred to in Section 6.1 or 6.2, as the case may be, and the Performance Certificate referred to in Section 6.3 are furnished to the Administrative Agent for such fiscal quarter, as follows: Revolving Commitment Fees - Level Leverage Ratio Percentage I Greater than or equal to 7.50 to 1.00 0.500 % II Greater than or equal to 6.50 to 1.00 but less than 7.50 to 1.00 0.375 % III Greater than or equal to 6.00 to 1.00 but less than 6.50 to 1.00 0.375 % IV Greater than or equal to 5.50 to 1.00 but less than 6.00 to 1.00 0.300 % V Greater than or equal to 5.00 to 1.00 but less than 5.50 to 1.00 0.250 % VI Less than 5.00 to 1.00 0.200 % Notwithstanding the foregoing, (A) if the Borrower shall fail to timely deliver to the Administrative Agent the financial statements and Performance Certificate required for the calculation of the Leverage Ratio for any fiscal quarter, then commencing with the Business Day after the date such financial statements and Performance Certificate were due and continuing through the third (3rd) Business Day following the date of delivery thereof, the Leverage Ratio for such period shall be conclusively presumed to be, and the Revolving Commitment Fees shall be calculated based upon, the highest Leverage Ratio level listed in the table set forth above, and (B) in the event that any financial statement or any Performance Certificate delivered pursuant to Section 6.3 is shown to ...
