Bridge Commitment Fees Sample Clauses

Bridge Commitment Fees. The Borrower shall pay to the Agent for the account of each Bridge Bank a commitment fee at the rate of 0.6% per annum on the daily average unused portion of such Bridge Bank's Bridge Commitments. Such commitment fees shall accrue from and including the Bridge Effective Date to but excluding the Bridge Termination Date. Such commitment fees shall be payable on the last day of each fiscal quarter of the Borrower prior to the Bridge Termination Date and on the Bridge Termination Date.