Examples of Revolving Credit Commitment Fee in a sentence
Each Revolving Credit Commitment Fee shall be payable (x) quarterly in arrears on each Applicable Date (for the three-month period (or portion thereof) ended on such day for which no payment has yet been received) and (y) on the Series 2024 Revolving Credit Termination Date (for the period ended on such date and beginning on the last date in respect of which no payment has yet been received pursuant to clause (x) above).
For each day during such period the Revolving Credit Commitment Fee shall be computed on the Available Revolving Commitments as in effect on such day, at a rate per annum equal to the Revolving Credit Commitment Fee Rate in effect on such day.
Notwithstanding the foregoing, at any time during which the Borrower has failed to deliver the financial statements and certificates required by clauses (i), (ii) and (iii) of Section 5.04(a), respectively, the Total Leverage Ratio shall be deemed to be greater than 2.00:1.00 for purposes of determining the Revolving Credit Commitment Fee.
For the purpose of calculating any Lender’s Revolving Credit Commitment Fee, the outstanding Swing Line Loans during the period for which such Lender’s Revolving Credit Commitment Fee is calculated shall be deemed to be zero.