Common use of Funding Fee Clause in Contracts

Funding Fee. The Borrower agrees to pay on the Closing Date (x) to each Term B Lender party to this Agreement on the Closing Date, as fee compensation for the funding of such Lender’s Term B Loan, a funding fee (the “Term B Closing Date Funding Fee”) in an amount equal to 1.00% of the stated principal amount of such Lender’s Term B Loans funded on the Closing Date and (y) to each Revolving Credit Lender party to this Agreement on the Closing Date, as fee compensation for the funding of such Lender’s Revolving Credit Commitment, a funding fee (the “Revolving Credit Commitment Closing Date Funding Fee” and together with the Term B Closing Date Funding Fee, the “Closing Date Funding Fees”) in an amount equal to (i) 0.75% of the stated principal amount of such Lender’s Revolving Credit Commitment on the Closing Date, if such Revolving Credit Commitment is less than $15,000,000 and (ii) 1.00% of the stated principal amount of such Lender’s Revolving Credit Commitment on the Closing Date if clause (i) does not apply.

Funding Fee. The Borrower agrees to pay on the Closing Date (x) to each Term B Lender party to this Agreement on the Closing Date, as fee compensation for the funding of such Lender’s Term B Loan, a funding fee (the “Term B Closing Date Funding Fee”) in an amount equal to 1.000.50% of the stated principal amount of such Lender’s Term B Loans funded on the Closing Date; provided that if the Special Mandatory Prepayment Date occurs, the Term Loans will be prepaid at the principal amount thereof minus the Term B Closing Date Funding Fee plus accrued interest, in accordance with Section 2.05(b)(viii) and (y) to each Revolving Credit Lender party to this Agreement on the Closing Escrow Release Date, as fee compensation for the funding of such Lender’s Revolving Credit Commitment, a funding fee (the “Revolving Credit Commitment Closing Date Funding Fee” and together with the Term B Closing Date Funding Fee, the “Closing Date Funding Fees”) in an amount equal to (i) 0.750.50% of the stated principal amount of such Lender’s Revolving Credit Commitment on the Closing Escrow Release Date, if such Revolving Credit Commitment is less than $15,000,000 and (ii) 1.00% of the stated principal amount of such Lender’s Revolving Credit Commitment on the Closing Date if clause (i) does not apply.