Common use of Term A Facility Ticking Fee Clause in Contracts

Term A Facility Ticking Fee. The Borrower shall pay to the Administrative Agent for the account of each Term A Lender in accordance with its Applicable Term A Percentage, a ticking fee (the "Term A Facility Ticking Fee") equal to 0.50% per annum on the actual daily amount by which the aggregate Term A Commitments (as increased or decreased by any Permitted Term A Reallocation) exceeds the sum of the aggregate Outstanding Amount of Term A Loans, for the period commencing on the date that is 120 days after the First Amendment Closing Date and ending on (but not including) the last day of the Term A Availability Period. The Term A Facility Ticking Fee shall accrue at all times after the date that is the 120th day after the First Amendment Closing Date and during the Term A Availability Period, 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 first such date to occur after the date that is the 120th day after the First Amendment Closing Date, and on the last day of the Term A Availability Period. The Term A Facility Ticking Fee shall be calculated quarterly in arrears.

Term A Facility Ticking Fee. The Borrower shall pay to the Administrative Agent for the account of each Term A Lender in accordance with its Applicable Term A Percentage, a ticking fee (the "“Term A Facility Ticking Fee"”) equal to 0.50% per annum on the actual daily amount by which the aggregate Term A Commitments (as increased or decreased by any Permitted Term A Reallocation) exceeds the sum of the aggregate Outstanding Amount of Term A Loans, for the period commencing on the date that is 120 days after the First 115 Amendment Closing Date and ending on (but not including) the last day of the Term A Availability Period. The Term A Facility Ticking Fee shall accrue at all times after the date that is the 120th day after the First Amendment Closing Date and during the Term A Availability Period, 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 first such date to occur after the date that is the 120th day after the First Amendment Closing Date, and on the last day of the Term A Availability Period. The Term A Facility Ticking Fee shall be calculated quarterly in arrears.

Term A Facility Ticking Fee. The Borrower shall pay to the Administrative Agent for the account of each Term A Lender in accordance with its Applicable Term A Percentage, a ticking fee (the "“Term A Facility Ticking Fee"”) equal to 0.50% per annum on the actual daily amount by which the aggregate Term A Commitments (as increased or decreased by any Permitted Term A Reallocation) exceeds the sum of the aggregate Outstanding Amount of Term A Loans, for the period commencing on the date that is 120 days after the First Amendment Closing Date and ending on (but not including) the last day of the Term A Availability Period. The Term A Facility Ticking Fee shall accrue at all times after the date that is the 120th day after the First Amendment Closing Date and during the Term A Availability Period, 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 first such date to occur after the date that is the 120th day after the First Amendment Closing Date, and on the last day of the Term A Availability Period. The Term A Facility Ticking Fee shall be calculated quarterly in arrears.