Common use of Unused Fees Clause in Contracts

Unused Fees. The Borrower shall, beginning ninety (90) days after the Closing Date, for each day until the earliest of (i) the date that initial Aggregate Commitments of $150,000,000 have been fully advanced, (ii) July 27, 2018 and (iii) the date the Aggregate Commitments have been reduced to zero pursuant to Section 2.04, pay to the Administrative Agent for the account of each Lender (in accordance with its Applicable Percentage), an unused fee (the “Unused Fee”) at a rate per annum equal to the Unused Rate times the actual daily amount of the unadvanced Aggregate Commitments. The Unused Fee shall be due and payable monthly in arrears on the 10th Business Day after the end of each calendar month, commencing with the first such date to occur after the Closing Date, and ending on the earlier of the dates set forth above. The Unused Fee shall be calculated monthly in arrears based on the applicable daily Unused Rate during each day of such month.

Unused Fees. The Borrower shall, beginning ninety (90) days after the Closing Date, for each day until the earliest of (i) the date that initial Aggregate Commitments of $150,000,000 175,000,000 have been fully advanced, (ii) July 2726, 2018 2019 and (iii) the date the Aggregate Commitments have been reduced to zero pursuant to Section 2.04, pay to the Administrative Agent for the account of each Lender (in accordance with its Applicable Percentage), an unused fee (the “Unused Fee”) at a rate per annum equal to the Unused Rate times the actual daily amount of the unadvanced Aggregate Commitments. The Unused Fee shall be due and payable monthly in arrears on the 10th Business Day after the end of each calendar month, commencing with the first such date to occur after the Closing Date, and ending on the earlier of the dates set forth above. The Unused Fee shall be calculated monthly in arrears based on the applicable daily Unused Rate during each day of such month.