Common use of Commitment Commission; Fees Clause in Contracts

Commitment Commission; Fees. (a) The Borrower agrees to pay the Administrative Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Closing Date to and including the Maturity Date computed at a per annum rate equal to 35% of the Applicable Margin on the daily Unutilized Revolving Loan Commitments of such Non-Defaulting Lender. The accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date, the Maturity Date and, if earlier, the date on which all Revolving Loan Commitments are terminated in full. (b) The Borrower shall pay (i) to the Lead Arrangers, the fees set forth in the Syndication and Fee Letter and (ii) to the Administrative Agent, for the Administrative Agent’s own account, such other fees as have been agreed to in writing by the Borrower and the Administrative Agent.