Fees (a) Commitment Fee Sample Clauses
Fees (a) Commitment Fee. The Borrower agrees to pay to the Lender, a fee (the "Commitment Fee"), during the period from the Restatement Date through the Business Day immediately preceding the Revolving Maturity Date, at a rate per annum equal to the Applicable Margin on the average daily unused Revolving Commitment. The Commitment Fee shall be payable (i) quarterly in arrears on the last Business Day of each March, June, September and December during such period, commencing on the first such day following the Restatement Date, (ii) on the date of any reduction in the Revolving Commitment (to the extent of such reduction) and (iii) on the Revolving Maturity Date. The Commitment Fee shall be calculated on the basis of a 360 day year, as the case may be, for the actual number of days elapsed.
Fees (a) Commitment Fee. The Borrower agrees to pay to the Agent for the account of each Lender a commitment fee (a "Commitment Fee") for the Commitment Period computed at a rate per annum equal to the Applicable Margin in effect from time to time for the Commitment Fee, such fee to be paid on the average daily amount of the Available Commitment of such Lender during the period for which payment is made. The Commitment Fee shall be payable quarterly in arrears on the last day of each March, June, September and December and on the Final Maturity Date or such earlier date as the Commitments shall terminate as provided herein, commencing on the first of such dates to occur after the date hereof.