Common use of Commitment, Ticking and other Fees Clause in Contracts

Commitment, Ticking and other Fees. (a) The Company agrees to pay or cause to be paid to the Administrative Agent for the account of each Lender a commitment fee payable in Dollars at the rate equal to 0.25% per annum (subject to change as set forth below) on the average unused daily amount of the Revolving Credit Commitment of such Lender (the “Commitment Fee”), commencing on the Replacement Facilities Effective Date, in arrears on the last Business Day of each March, June, September and December and upon the termination in full of the Revolving Credit Commitments. The Commitment Fee shall be subject to change after the financial statements described in Section 6.1(i) or (ii) have been delivered for the first full fiscal quarter after the Execution Date as set forth in the definition of Applicable Margin. For purposes of calculating the Commitment Fee only, Swing Loans shall not count as usage of the Revolving Credit Commitment.