Common use of Revolving Loan Commitment Fees Clause in Contracts

Revolving Loan Commitment Fees. Borrower agrees to pay to Administrative Agent, for distribution to each Revolving Lender in proportion to that Lender’s Pro Rata Share in respect of the Revolving Loan Commitments, commitment fees for the period from and including the Closing Date to and excluding the Revolving Loan Commitment Termination Date equal to (i) the average of the daily excess of the Revolving Loan Commitment Amount over the aggregate principal amount of outstanding Revolving Loans multiplied by (ii) 0.50% per annum; provided that, without prejudice to the rights of Revolving Lenders other than Defaulting Lenders in respect of such fees, any Defaulting Lender’s Pro Rata Share shall be excluded for purposes of calculating the commitment fee payable to Revolving Lenders pursuant to this Section 2.3(a) in respect of any day during any Default Period with respect to such Defaulting Lender, and such Defaulting Lender shall not be entitled to receive any such fee with respect to its Revolving Loan Commitment in respect of such Default Period. All such commitment fees shall be calculated on the basis of a 360-day year and the actual number of days elapsed and be payable quarterly in arrears on the last Friday of each of March, June and September of each year, and December 31 of each year, commencing on the first such date to occur after the Closing Date, and on the Revolving Loan Commitment Termination Date (or the earlier date on which the Revolving Loan Commitments are terminated).

Revolving Loan Commitment Fees. Borrower Company agrees to pay to Administrative Agent, for distribution to each Revolving Lender in proportion to that Lender’s Pro Rata Share in respect of the Revolving Loan CommitmentsShare, commitment fees for the period from and including the Closing Date to and excluding the Revolving Loan Commitment Termination Date equal to (i) the average of the daily excess of the Revolving Loan Commitment Amount over the aggregate principal amount of outstanding Revolving Loans multiplied by (ii) 0.500.75% per annum; provided that, without prejudice to the rights of Revolving Lenders other than Defaulting Lenders in respect of such fees, any Defaulting Lender’s Pro Rata Share shall be excluded for purposes of calculating the commitment fee payable to Revolving Lenders pursuant to this Section 2.3(a) in respect of any day during any Default Period with respect to such Defaulting Lender, and such Defaulting Lender shall not be entitled to receive any such fee with respect to its Revolving Loan Commitment in respect of such Default Period. All such commitment fees shall be calculated on the basis of a 360-day year and the actual number of days elapsed and be payable quarterly in arrears on the last Friday of each of MarchMarch 31, June and 30, September of each year, 30 and December 31 of each year, commencing on the first such date to occur after the Closing Date, and on the Revolving Loan Commitment Termination Date (or the earlier date on which the Revolving Loan Commitments are terminated).

Revolving Loan Commitment Fees. Borrower Company agrees to pay to Administrative Agent, for distribution to each Revolving Lender (which is not a Defaulting Lender) in proportion to that Lender’s Pro Rata Share in respect of the Revolving Loan CommitmentsShare, commitment fees for the period from and including the Closing Amendment No. 3 Effective Date to and excluding the Revolving Loan Commitment Termination Date equal to (i) the average of the daily excess of the Revolving Loan Commitment Amount over the (i) aggregate principal amount of outstanding Revolving Loans multiplied by (but not any outstanding Swing Line Loans; provided, however, that for purposes of calculating such fee, Swing Line Lender shall not be entitled to receive any commitment fee with respect to any outstanding Swing Line Loans) and (ii) aggregate undrawn amount of all outstanding Letters of Credit, multiplied by 0.50% per annum; provided that, without prejudice if the Consolidated Leverage Ratio as of the last day of the most recently ended Fiscal Quarter for which financial statements are required to have been delivered was less than 2.00:1.00 (as certified and demonstrated in reasonable detail in a Compliance Certificate delivered to Administrative Agent with such financial statements in accordance with Section 5.1(d)), then the rights of Revolving Lenders other than Defaulting Lenders in respect of such fees, any Defaulting Lender’s Pro Rata Share percentage set forth above shall be excluded reduced to 0.375% per annum for purposes of calculating the Fiscal Quarter immediately following the Fiscal Quarter for which such financial statements were delivered; provided further that any commitment fee payable owing to Revolving Lenders pursuant to this Section 2.3(a) a Lender which is a Defaulting Lender may be withheld by Administrative Agent in respect its sole discretion for so long as such Lender remains a Defaulting Lender (for avoidance of any day during any Default Period with respect to such Defaulting Lender, and doubt the failure of such Defaulting Lender to receive the timely payment of such fee by reason thereof shall not be entitled give rise to receive any such fee with respect to its Revolving Loan Commitment in respect Potential Event of such Default Periodor Event of Default). All such commitment fees shall to be calculated on the basis of a 360-day year and the actual number of days elapsed and to be payable quarterly in arrears on the last Friday of each of MarchMarch 31, June and 30, September of each year, 30 and December 31 of each year, commencing on the first such date to occur after the Closing Amendment No. 3 Effective Date, and on the Revolving Loan Commitment Termination Date (or the earlier date on which that the entire Revolving Loan Commitments are Commitment is terminated).