Common use of Commitment Fees and Other Fees Clause in Contracts

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 month (commencing on the last Business Day of December 2010) prior to the Termination Date and on the Termination Date, an aggregate fee (the “Commitment Fees”) of one percent (1.00%) per annum, computed on the basis of the actual number of days elapsed during the preceding period or month over a year of 365/366 days, as the case may be, 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. (b) The Commitment Fees shall commence to accrue from the Closing Date. (c) The Borrower agrees to pay to the Administrative Agent on the Closing Date any and all other fees that are then due and payable by it to the Administrative Agent pursuant to the Credit Agreement, or any commitment letter or any fee letter in respect of the Facility.

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 month March, June, September and December in each year (commencing on the last Business Day of December 2010December, 2005) prior to the Commitment Termination Date and on the Commitment Termination Date, an aggregate fee (the “Commitment Fees”) of one percent (1.00%) 0.5 of 1% per annum, computed on the basis of the actual number of days elapsed during the preceding period or month quarter over a year of 365/366 360 days, as the case may be, 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. (b) The Commitment Fees shall commence to accrue from the Closing Date. (c) The Borrower agrees to pay to the Administrative Agent on the Closing Date Date, as fees any and all other fees that are then due and payable by it to the Administrative Agent pursuant hereto or pursuant to the Credit Agreement, or any commitment letter or any fee letter in respect of the FacilityFee Letter.

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 month March, June, September and December in each year (commencing on the last Business Day of December 2010March 1998) prior to the Construction Commitment Termination Date and on the Construction Commitment Termination Date, an aggregate fee (the “"Commitment Fees”") of one percent (1.00%) 3/8 of 1% per annum, computed on the basis of the actual number of days elapsed during the preceding period or month quarter over a year of 365/366 360 days, as the case may be, on the average daily amount by which such Lender’s Commitment, 's Construction Commitment (as such Construction Commitment may be reduced in accordance with the provisions of this Credit Agreement, ) exceeds the sum of the principal balance of such Lender’s 's outstanding Construction Loans plus such Lender’s Pro Rata Share of all L/C Exposure during the preceding period or quarter. (b) The Commitment Fees shall commence to accrue from on the Closing Datedate this Credit Agreement is fully executed. (c) The In addition, the Borrower agrees to pay to the Administrative Agent and any of the other Lenders on the Closing Date any and all other fees that are then due and payable by it to the Administrative Agent pursuant to the Credit Agreement, Commitment Letter or any commitment letter or any fee letter in respect of the FacilityFee Letter.