Ticking Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a ticking fee in Dollars (the “Ticking Fees”) in an amount equal to 0.125% per annum (computed on the basis of the actual number of days elapsed in a year of 360 days) multiplied by the aggregate outstanding Commitments of such Lender then outstanding, accruing from and including the Effective Date to but excluding the earlier of (i) the termination of the Commitments with respect to the applicable Tranche of Loans and (ii) the Funding Date (such earlier date, the “Ticking Fee End Date”). The Ticking Fees shall be payable in arrears on each Payment Date during the Commitment Period and on the Ticking Fee End Date.
Ticking Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a ticking fee (the “Ticking Fee”), which shall accrue at a rate of 30.0 basis points (0.30%) on the daily amount of the Commitment of such Lender during the period from and including September 23, 2015 to but excluding the earlier of (i) the Initial Availability Date and (ii) the date on which such Commitment terminates. Accrued Ticking Fees shall be payable in arrears on the last day of March, June, September and December of each year and on the earlier of (i) the Initial Availability Date and (ii) the date on which any Commitment terminates, commencing on the first such date to occur after September 23, 2015. All Ticking Fees shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For the avoidance of doubt, if the Initial Availability Date occurs prior to September 23, 2015, no Ticking Fees shall be payable by the Borrower.
Ticking Fees. The Borrower agrees to pay to each Lender a ticking fee equal to the ticking fee rate (the “Ticking Fee Rate”) as set forth in Section 2.3(f) (computed on the basis of the actual number of days elapsed in a year of 365 or 366 days, as the case may be) on the undrawn amount of each Lender’s Term Loan Commitment, commencing upon the later of (x) the execution and delivery of this Agreement and (y) March 14, 2021, which ticking fees shall be payable quarterly in arrears (i) on the last Business Day of each March, June, September and December and (ii) on the earlier of (x) the third Closing Date and (y) the date on which the Commitments terminate.
Ticking Fees. (i) The Company shall pay to the Administrative Agent for the account of each 364-Day Tranche Lender in accordance with its Applicable 364-Day Tranche Percentage, a ticking fee (the “364-Day Tranche Ticking Fee”) equal to the Applicable Rate times the actual daily outstanding principal amount of the unused Aggregate 364-Day Tranche Commitments. The 364-Day Tranche Ticking Fee shall accrue commencing on the later of (i) the Effective Date and (ii) May 18, 2022, and ending on the earlier of (i) the Closing Date and (ii) the end of the Availability Period, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, and upon the earlier of (i) the Closing Date and (ii) the end of the Availability Period. The 364-Day Tranche Ticking Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.
(ii) The Company shall pay to the Administrative Agent for the account of each 5-Year Tranche Lender in accordance with its Applicable 5-Year Tranche Percentage, a ticking fee (the “5-Year Tranche Ticking Fee”) equal to the Applicable Rate times the actual daily outstanding principal amount of the unused Aggregate 5-Year Tranche Commitments. The 5-Year Tranche Ticking Fee shall accrue commencing on the later of (i) the Effective Date and (ii) May 18, 2022, and ending on the earlier of (i) the Closing Date and (ii) the end of the Availability Period, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, and upon the earlier of (i) the Closing Date and (ii) the end of the Availability Period. The 5-Year Tranche Ticking Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.
Ticking Fees. The Borrower agrees to pay to each Lender a ticking fee equal to the ticking fee rate (the “Ticking Fee Rate”) equal to the rate applicable to the commitment fee, mutatis mutandis, as set forth in Section 2.4(a) (computed on the basis of the actual number of days elapsed in a year of 365 or 366 days, as the case may be) on the undrawn amount of each Lender’s Incremental Available Amount, during the period from the later of (x) the execution and delivery of this Agreement and (y) January 13, 2022, to and including the last day of the earlier of the Closing Date and the Full Availability Expiration, which ticking fees shall be payable quarterly in arrears (i) on the last Business Day of each March, June, September and December and (ii) on the earlier of (x) the Closing Date and (y) the Full Availability Expiration.
Ticking Fees. The Borrower shall pay the ticking fees pursuant to the Fee Letter.
Ticking Fees. The Company agrees to pay to the Administrative Agent for account of each Lender a ticking fee, which shall accrue at a rate per annum equal to the Applicable Rate on the amount of the Commitment of such Lender during the period from and including the Effective Date to but excluding the earlier of the date on which such Commitment terminates and the Closing Date. Accrued ticking fees shall be payable on each Quarterly Payment Date and on the earlier of the Closing Date and the date on which the Commitment terminates, commencing on the first such date to occur after the Effective Date.
Ticking Fees. The Borrower agrees to pay in immediately available Dollars for the account of the Lenders as set forth below in this Section 2.06, a ticking fee (collectively, the “Ticking Fee”) at a rate per annum equal to 0.125% of the Total Commitment, for the period from and including the date that is 90 days following the Effective Date to but excluding the earlier of (i) the Initial Funding Date and (ii) the date the Commitments are terminated in accordance with this Agreement, and payable on such date. The Ticking Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days (including the first day but excluding the last day).
Ticking Fees. The Borrower shall pay to the Administrative Agent, for the account of each Lender, a ticking fee (the “Ticking Fee”) in Dollars at a rate per annum equal to 0.20% on the daily amount of such Lender’s Commitment (with the amount of any Commitment in effect being calculated on any date after giving effect to any prior reduction in Commitments pursuant to Sections 2.06), which shall accrue from and including (i) February 11, 2025 to but excluding (ii) the earlier of (A) the Funding Date and (B) the date of termination of the Commitments (such period, the “Ticking Fee Accrual Period”), which Ticking Fee shall be fully earned and payable on the last day of the Ticking Fee Accrual Period; provided that no Defaulting Lender shall be entitled to receive any Ticking Fee for any period during which such Lender is a Defaulting Lender (and the Borrower shall not be required to pay such fee that otherwise would have been required to have been paid to such Defaulting Lender).
Ticking Fees. Ticking Fees shall cease to accrue on the amount of the Commitments of such Lender pursuant to Section 2.10(a), and the Borrower shall not be required to pay any Ticking Fees that otherwise would have been required to have been paid to such Defaulting Lender for any period during which such Lender is a Defaulting Lender.
