Common use of Yield and Undrawn Fee Clause in Contracts

Yield and Undrawn Fee. (a) The Borrower hereby promises to pay, on the dates specified in Section 3.2, Yield on the outstanding amount of each Advance (or each portion thereof) for the period commencing on the applicable Advance Date until such Advance is paid in full. No provision of this Agreement or the Notes shall require the payment or permit the collection of Yield in excess of the maximum amount permitted by Applicable Law. (b) The Borrower shall pay any Utilization Fee and any Undrawn Fee on the dates specified in Section 3.2. Utilization Fees shall be payable, pro rata, to each Lender that holds a Class A-1 Commitment or Class A-2 Commitment (excluding any Class A-2 Commitment designated or assigned as term loans pursuant to Section 2.9); provided, that, such Utilization Fees may be subject to adjustment in connection with a conversion of revolving loans to term loans pursuant to Section 2.9.

Yield and Undrawn Fee. (a) The Borrower hereby promises to pay, on the dates specified in Section 3.2, Yield on the outstanding amount of each Advance (or each portion thereof) for the period commencing on the applicable Advance Date until such Advance is paid in full. No provision of this Agreement or the Notes shall require the payment or permit the collection of Yield in excess of the maximum amount permitted by Applicable Law. (b) The Borrower shall pay any Utilization Fee and any Undrawn Fee on the dates specified in Section 3.2. Utilization Fees shall be payable, pro rata, to each Lender that holds a Class A-1 Commitment or Class A-2 Commitment (excluding any Class A-2 Commitment designated or assigned as term loans pursuant to Section 2.9); provided, that, such Utilization Fees may be subject to adjustment in connection with a conversion of revolving loans to term loans pursuant to Section 2.9.