Commitment Fees and Other Fees. (a) The Borrowers agree to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of December 1996) prior to the Commitment Termination Date and on the Commitment Termination Date, an aggregate fee (the "COMMITMENT FEES") of .3750 of 1% per annum, computed on the basis of the actual number of days elapsed over a year of 360 days, on the average daily amount by which such Lender's Commitment, as such Commitment may be reduced in accordance with the provisions of this Credit Agreement, exceeds the sum of the principal balance of such Lender's outstanding Loans plus its Percentage of L/C Exposure during the preceding period or quarter.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of December, 2005) prior to the Commitment Termination Date and on the Commitment Termination Date, an aggregate fee (the “Commitment Fees”) of 0.5 of 1% per annum, computed on the basis of the actual number of days elapsed during the preceding period or quarter over a year of 360 days, on the average daily amount by which such Lender’s Commitment, as such Commitment may be reduced in accordance with the provisions of this Credit Agreement, exceeds the sum of the principal balance of such Lender’s outstanding Loans plus such Lender’s Pro Rata Share of all L/C Exposure during the preceding period or quarter.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of June 2000) prior to the Commitment Termination Date, on the date of any termination or reduction of the Total Commitment, and on the Commitment Termination Date, an aggregate fee (the "Commitment Fee") of 1/2 of 1% per annum, computed on the basis of the actual number of days elapsed during the preceding period or quarter over a year of 365/366 days, as the case may be, on the average daily amount during the preceding period or quarter by which such Lender's Commitment, as such Commitment may be reduced in accordance with the provisions of this Credit Agreement, exceeds the sum of the principal balance of such Lender's outstanding Loans plus its Pro Rata Share of L/C Exposure. The Commitment Fee shall commence to accrue from the Closing Date.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Agent (for the account of each Lender in accordance with its Percentage) on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of September 2001) prior to the Commitment Termination Date and on the Commitment Termination Date, an aggregate fee (the "Commitment Fees") of 0.5% per annum, computed on the basis of the actual number of days elapsed over a year of 360 days, on the average daily amount by which the aggregate amount of the Revolving Credit Commitments, as they may be reduced in accordance with the provisions of this Agreement, exceeds the sum of the principal balance of Revolving Credit Loans outstanding plus the L/C Exposure during the preceding period or quarter. Such Commitment Fees shall commence to accrue on the date on which this Agreement is fully executed and shall cease to accrue on the Commitment Termination Date.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on each Payment Date prior to the Revolving Commitment Termination Date and on the Revolving Commitment Termination Date, an aggregate fee (the "Commitment Fee") of 0.50% per annum on the average daily amount by which such Lender’s Commitment exceeds the sum of the principal balance of such Lender’s outstanding Loans during the Interest Period ending on such Payment Date. The Commitment Fee shall be computed on the basis of the actual number of days elapsed during the applicable period over a year of 360 days.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of December 2003) prior to the Revolving Commitment Termination Date and on the Revolving Commitment Termination Date, an aggregate fee (the "Commitment Fees") calculated in accordance with the following: -------------------- --------------------------------------------- ---------------------------------------------- Total Leverage Commitment Fee if the Outstanding Revolver Commitment Fee if the Outstanding Revolver Ratio > 50% of the average Revolving Commitments Less Than or Equal to 50% of the average during such period Revolving Commitments during such period -------------------- --------------------------------------------- ---------------------------------------------- > 3.75 1.00% 1.25% - > 3.25 but < 3.75 .75% 1.00% - > 2.75 but < 3.25 .50% .75% - < 2.75 .50% .75% -------------------- --------------------------------------------- ---------------------------------------------- The Commitment Fees shall be computed on the basis of the actual number of days elapsed during the preceding period or quarter over a year of 365/366 days, on the average daily amount by which such Lender's Revolving Commitment (as such Revolving Commitment may be reduced in accordance with the provisions of this Credit Agreement) exceeds the Outstanding Revolver held by such Lender during the preceding period or quarter.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Agent quarterly in arrears for the account of each Lender in accordance with its Percentage, on the last Business Day of each March, June, September and December in each year (commencing December 1995) prior to the Revolving Credit Commitment Termination Date, and on the Revolving Credit Commitment Termination Date, an aggregate fee (the "Commitment Fee") of 1/2 of 1% per annum on the average daily amount by which such Lendxx'x Xevolving Credit Commitment exceeds the sum of the principal balance of such Lendxx'x Xevolving Credit Loans outstanding plus such Lendxx'x Xro Rata Share of the L/C Exposure during the period then ended, computed on the basis of the actual number of days elapsed over a year of 360 days. Such Commitment Fees shall commence to accrue on the Closing Date and shall cease to accrue on December 31, 2000.
Commitment Fees and Other Fees. The Borrowers shall pay to each Lender (other than Chemical) for its own account a Commitment Fee in an amount equal to one and one-half percent (1 1/2%) of such Lender's Commitment, which Commitment Fee shall be fully earned, nonrefundable and due on the Closing Date. In addition, Smitx Xxxironmental shall pay to Chemical for its own account the fees described in the letter agreement between them, dated October 11, 1995, such fees to be paid at the times and in the amounts set forth in such letter agreement, each of which fees shall be fully earned and nonrefundable when paid.
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Lender on the last Business Day of each March, June, September and December in each year (commencing on the last Business Day of December 1997) prior to the Commitment Termination Date and on the Commitment Termination Date, an aggregate fee (the "Commitment Fee") of 1/2 of 1% per annum, computed on the basis of the actual number of days elapsed during the preceding period or quarter over a year of 360 days, on the average daily amount by which the Lender's Commitment, as such Commitment may be reduced in accordance
Commitment Fees and Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender on the last Business Day of each March, June, September and December (commencing on the last Business Day of December 2016) prior to the Maturity Date and on the date of any termination or reduction of the Commitments, as applicable, and on the Maturity Date, an aggregate fee (the “Commitment Fees”), payable in arrears and equal to (i) 0.75% per annum so long as the Credit Exposure is less than 50% of the Total Commitments, and (ii) 0.50% per annum so long as the Credit Exposure is greater than or equal to 50% of the Total Commitments, in each case, computed on a daily basis and on the basis of a 360 day year, on the amount by which such Lender’s Commitment in effect on such day exceeds such Lender’s Pro Rata Share of the Credit Exposure in effect on such day.
