Commitment Fees; Excess Usage Fee Sample Clauses

Commitment Fees; Excess Usage Fee. (a) The Company shall pay to the Administrative Agent for account of each Lender a commitment fee on the daily average unused amount of the Revolving Credit Commitment of such Lender (for which purpose the aggregate amount of any Letter of Credit Liabilities and the aggregate amount of the Swingline Commitment (whether or not utilized) shall be deemed to be a pro rata (based on the Revolving Credit Commitments) use of each Lender's Revolving Credit Commitment), for the period from and including the Closing Date to but not including the earlier of the date the Revolving Credit Commitments are terminated and the Revolving Credit Commitment Termination Date, at a rate per annum equal to the Applicable Commitment Fee Percentage. Accrued commitment fees payable to the Lenders in respect of the Revolving Credit Commitments shall be payable on each Quarterly Date and on the earlier of the date the Revolving Credit Commitments are terminated in full and the Revolving Credit Commitment Termination Date. (b) The Company shall pay to the Swingline Bank a commitment fee on the daily average unused amount of the Swingline Commitment, for the period from and including the Closing Date to but not including the earlier of the date the Swingline Commitment is terminated in full and the Revolving Credit Commitment Termination Date, at a rate per annum equal to the Applicable Commitment Fee Percentage. The accrued commitment fee payable to the Swingline Bank shall be payable on each Quarterly Date and on the earlier of the date the Swingline Commitment is terminated in full and the Revolving Credit Commitment Termination Date. (c) To the extent that the average principal amount of Eurodollar Loans outstanding during any fiscal quarter of the Company (or the portion of the fiscal quarter that occurs prior to the date that the Revolving Credit Commitments are terminated or expire) exceeds 50% of the aggregate amount of the Revolving Credit Commitments on the last day of such fiscal quarter, the Company shall pay to the Administrative Agent, for the account of the Lenders, an excess usage fee on such excess at a rate per annum equal to 0.125%. Accrued excess usage fee shall be payable by the third Business Day following the last Business Day of each fiscal quarter of the Company.