Common use of Deferred Revolving Loan Origination Fee Clause in Contracts

Deferred Revolving Loan Origination Fee. If Lenders’ funding obligations in respect of the Revolving Loan Commitment under this Agreement terminate for any reason (whether by voluntary termination by Borrowers, by termination by Lenders or Agent following the occurrence of an Event of Default or otherwise) prior to the Commitment Expiry Date, Borrowers shall pay to Agent, for the benefit of all Lenders committed to make Revolving Loans on the Closing Date, a fee as compensation for the costs of such Lenders being prepared to make funds available to Borrowers under this Agreement, equal to an amount determined by multiplying the Revolving Loan Commitment by the following applicable percentage amount: three percent (3.0%) for the first year following the Closing Date, two percent (2.0%) for the second year following the Closing Date, andtwo percent (2.00%) for the period beginning on the Ninth Amendment Effective Date and ending on the first anniversary thereof, or (y) one half of one percent (0.5.50%) thereafter. All fees payable pursuant to this paragraph shall be deemed fully earned and non-refundable as of the Closing Date.

Deferred Revolving Loan Origination Fee. If Lenders’ ' funding obligations in respect of the Revolving Loan Commitment under this Agreement terminate for any reason (whether by voluntary termination by Borrowers, by termination by Lenders or Agent following reason of the occurrence of an Event of Default or otherwise) prior to the Commitment Expiry Date, Borrowers shall pay to Agent, for the benefit of all Lenders committed to make Revolving Loans on the Closing Date, a fee as compensation for the costs of such Lenders being prepared to make funds available to Borrowers under this Agreement, equal to an amount determined by multiplying the Revolving Loan Commitment by the following applicable percentage amount: (i) three percent (3.0%) for the period commencing on the Closing Date and ending on the first year following anniversary of the Closing Date, (ii) two percent (2.0%) for the period commencing on the first anniversary of the Closing Date and ending on the second year following anniversary of the Closing Date, andtwo (iii) one percent (2.001.0%) for the period beginning commencing on the Ninth Amendment Effective second anniversary of the Closing Date and ending on one hundred eighty (180) days prior to the first anniversary thereofCommitment Expiry Date, or and (yiv) one half of one zero percent (0.5.500%) thereafter. All fees payable pursuant to this paragraph shall be deemed fully earned and non-refundable as of the Closing Date.

Deferred Revolving Loan Origination Fee. If Lenders’ funding obligations in respect of the Revolving Loan Commitment under this Agreement terminate or are permanently reduced for any reason (whether by voluntary termination by Borrowers, by termination by Lenders or Agent following reason of the occurrence of an Event of Default or otherwise) prior to the Commitment Expiry Maturity Date, Borrowers shall pay to AgentAgent on the date of such reduction, for the benefit of all Lenders committed to make Revolving Loans on the Closing Date, a fee as compensation for the costs of such Lenders being prepared to make funds available to Borrowers under this Agreement, equal to an amount determined by multiplying the amount of the Revolving Loan Commitment so terminated or permanently reduced by the following applicable percentage amount: three percent (3.0%) for if such prepayment occurs on or prior to the first year following anniversary of the Closing Date, two percent (2.0%) for if such prepayment occurs after the first anniversary of the Closing Date but on or prior to the second year following anniversary of the Closing Date, andtwo percent (2.00%) for the period beginning on the Ninth Amendment Effective Date and ending on the first anniversary thereof, or (y) one half of one percent (0.5.501.0%) thereafterif such prepayment occurs after the second anniversary of the Closing Date and prior to the Maturity Date. All fees payable pursuant to this paragraph shall be deemed fully fully-earned and non-refundable as of the Closing Date.