Common use of Ticking Fees Clause in Contracts

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 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 date that is 90 calendar days after 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 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 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 later of (a) January 25, 2016 and (b) 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.