Common use of Termination and Line Reduction Fees Clause in Contracts

Termination and Line Reduction Fees. If the Credit Facility is terminated for any reason as of a date other than the Maturity Date, or the Borrowing Agent reduces the Maximum Line other than in accordance with Section 2.19, the Borrowers shall, jointly and severally, pay to the Lender a fee in an amount equal to a percentage of the Maximum Line (or the reduction, as the case may be) as follows: (i) two percent (2.0%) if the termination or reduction occurs on or before the first anniversary of the Funding Date; and (ii) one percent (1.0%) if the termination or reduction occurs after the first anniversary of the Funding Date.

Termination and Line Reduction Fees. If the Credit Facility is terminated for any reason as of a date other than the Maturity Date, or the Borrowing Agent Borrower reduces the Maximum Line other than in accordance with Section 2.19Line, the Borrowers shall, jointly and severally, Borrower shall pay to the Lender a fee in an amount equal to a percentage of the Average Annual Maximum Line (or the reduction, as the case may be) as follows: (iA) two percent (2.0%) if the termination or reduction occurs on or before the first anniversary of the Funding Date; and (iiB) one percent (1.0%) if the termination or reduction occurs after the first anniversary of the Funding Date.

Termination and Line Reduction Fees. If the Credit Facility is terminated for any reason as of a date other than the Maturity Date, or the Borrowing Agent Borrower reduces the Maximum Line other than in accordance with Section 2.19Line, the Borrowers shall, jointly and severally, Borrower shall pay to the Lender a fee in an amount equal to a percentage of the Maximum Line (or the reduction, as the case may be) as follows: (iA) two percent (2.02%) if the termination or reduction occurs on or before the first anniversary of the Funding Date; Date and (iiB) one percent (1.01%) if the termination or reduction occurs after the first anniversary of the Funding Date.