Common use of Delayed Draw Commitment Fee Clause in Contracts

Delayed Draw Commitment Fee. In consideration of the Delayed Draw Term Loan Commitments, the Borrower agrees to pay to the Administrative Agent, for the ratable benefit of the Term Loan Lenders, a ticking fee (the “Delayed Draw Commitment Fee”) in an amount equal to the Applicable Percentage per annum on the average daily unused amount of the Delayed Draw Term Loan Committed Amount. The Delayed Draw Commitment Fee shall be payable quarterly in arrears on the last Business Day of each calendar quarter during the Delayed Draw Availability Period and on the last day of the Delayed Draw Availability Period.

Delayed Draw Commitment Fee. In consideration of the Delayed Draw Term Loan Commitments, the Borrower agrees to pay to the Administrative Agent, for the ratable benefit of the Term Loan Lenders, a ticking fee (the “Delayed Draw Commitment Fee”) in an amount equal to the Applicable Percentage per annum on the average daily unused amount of the ​ Delayed Draw Term Loan Committed Amount. The Delayed Draw Commitment Fee shall be payable quarterly in arrears on the last Business Day of each calendar quarter during the Delayed Draw Availability Period and on the last day of the Delayed Draw Availability Period.