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 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. (b) The Borrower agrees to pay to the Administrative Agent (i) for the account of each Lender in accordance with its Percentage on the Closing Date an upfront fee equal to 3/4 of 1% of the Total Commitments and (ii) for the account of any additional Lender for which the Administrative Agent accepts commitments pursuant to Section 12.1(b) hereof, an upfront fee equal to 3/4 of 1% of such Lender’s Commitment. (c) In addition, the Borrower agrees to pay to the Administrative Agent on the Closing Date any and all other fees that are then due and payable pursuant to the Fee 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 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 '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 's outstanding Loans plus its Pro Rata Share of L/C Exposure. The Commitment Fee shall commence to accrue from the Closing Date. (b) The Borrower agrees to pay to the Administrative Agent (i) for the account of each Lender in accordance with its Percentage on the Closing Date an upfront fee equal to 3/4 of 1% of the Total Commitments and (ii) for the account of any additional Lender for which the Administrative Agent accepts commitments pursuant to Section 12.1(b) hereof, an upfront fee equal to 3/4 of 1% of such Lender’s 's Commitment. (c) In addition, the Borrower agrees to pay to the Administrative Agent on the Closing Date any and all other fees that are then due and payable pursuant to the Fee Letter.