Common use of Loan Commitment Fees Clause in Contracts

Loan Commitment Fees. From and including the Closing Date through and excluding the last day of the Availability Period, the Borrower shall pay to the Administrative Agent, for the benefit of all the Lenders (based upon their respective Pro Rata Shares of the Term Loan Commitment), a fee (the “Term Loan Commitment Fee”) in an amount equal to the Term Loan Commitment multiplied by 0.25% per annum, calculated on the basis of a 360-day year for the actual number of days elapsed. Such fees are to be paid in arrears on the last day of the of the Availability Period.

Loan Commitment Fees. From and including the Closing Date through and excluding the last day of the Availability Period, the Borrower shall pay to the Administrative Agent, for the benefit of all the Lenders (based upon their respective Pro Rata Shares of the Term Loan Commitment), a fee (the “"Term Loan Commitment Fee”") in an amount equal to the average daily unused portion of the Term Loan Commitment multiplied by 0.25% per annum, calculated on the basis of a 360-day year for the actual number of days elapsed. Such fees are to be paid in arrears on the last day of the of the Availability Period.