Common use of Undrawn Fee Clause in Contracts

Undrawn Fee. (a) The Borrower shall pay to the Administrative Agent in accordance with Section 2.04 and for the pro rata benefit of each Lender, an undrawn fee (the “Undrawn Fee”) payable in arrears for each Remittance Period, equal to the sum of the products for each day during such Remittance Period of (i) one divided by 360, (ii) the applicable Undrawn Fee Rate on such day, and (iii) the Aggregate Total Commitments minus the Advances Outstanding on such day (such amount, the “Unused Portion”).

Undrawn Fee. (a) The Borrower shall pay to the Administrative Agent pay, in accordance with Section 2.04 and for the 2.04, pro rata benefit of to each LenderLender (either directly or through the applicable Lender Agent), an undrawn fee (the “Undrawn Fee”) payable in arrears for each Remittance Period, equal to the sum of the products for each day during such Remittance Period of (i) one divided by 360, (ii) the applicable Undrawn Fee Rate on such day, and (iii) the Aggregate Total Commitments minus the Advances Outstanding on such day (such amount, the “Unused Portion”).