Common use of Commitment Fees Payable Clause in Contracts

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period at a per annum rate equal to 0.50% of the sum of (i) the undrawn amount of the Total Revolving Commitment and (ii) the undrawn amount of the Total Term Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10.

Commitment Fees Payable. The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Revolving Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee Shares (a “Commitment Fee”) accruing for each day during each Interest Period at a per annum rate equal to 0.50% of the sum of (i) the undrawn amount of the Total Revolving Commitment and (ii) the undrawn amount of the Total Term Commitment as of the end of such day; provided that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the Commitment Fee payable to such Revolving Lender Lender's Percentage Share shall be calculated based on its Revolving Commitment as so reduced), the Commitment Fee accruing for each day during each Interest Period. The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10. No Commitment Fee shall accrue during the period beginning on the Fourth Amendment Date and ending on the date immediately preceding the date that is three months after the Fourth Amendment Date.