Common use of Revolver Commitment Fee Clause in Contracts

Revolver Commitment Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender under the applicable Revolving Credit Facility in accordance with its Pro Rata Share or other applicable share provided for under this Agreement, a commitment fee (the “ Revolver Commitment Fee”) in Dollars equal to the Revolver Commitment Fee Rate times the actual daily amount by which the aggregate Revolving Credit Commitments for the applicable Revolving Credit Facility exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans for such Facility, and (B) the Outstanding Amount of L/C Obligations for such Facility; provided that any Revolver Commitment Fee accrued with respect to any of the Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender, except to the extent that such Revolver Commitment Fee shall otherwise have been due and payable by the Borrower prior to such time; and provided, further, that no Revolver Commitment Fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The Revolver Commitment Fee on each Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Commitments, including at any time during which one or more of the conditions in Article 4 is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing March 31, 2021 and on the Maturity Date for the Revolving Credit Commitments. The Revolver Commitment Fee shall be calculated quarterly in arrears, and if there is any change in the Revolver Commitment Fee Rate during any quarter, the actual daily amount shall be computed and multiplied by the Revolver Commitment Fee Rate separately for each period during such quarter that such Revolver Commitment Fee Rate was in effect.

Revolver Commitment Fee. The Borrower agrees to pay to the Administrative Agent Agent, for the account benefit of each Revolving Credit Lender under the applicable Revolving Credit Facility Banks in accordance with its proportion to their respective Commitment Fee Pro Rata Share or other applicable share provided for under this AgreementShares, a commitment fee fees (the “ Revolver "Commitment Fee”Fees") in Dollars for the period from and including October 11, 1996 to and excluding the Revolving Loan Commitment Termination Date, equal to the average of the daily excess of the Revolving Loan Commitments (as reduced pursuant to Section 2.4C hereof) over the aggregate principal amount of Revolv- ing Loans plus the Letter of Credit Usage multiplied by the Applicable Revolver Commit- ment Fee per annum. The Commitment Fee Rate times Fees shall be calculated on the basis of a 360-day year and the actual daily amount by which the aggregate Revolving Credit Commitments for the applicable Revolving Credit Facility exceeds the sum number of (A) the Outstanding Amount of Revolving Credit Loans for such Facility, and (B) the Outstanding Amount of L/C Obligations for such Facility; provided that any Revolver Commitment Fee accrued with respect to any of the Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender, except to the extent that such Revolver Commitment Fee shall otherwise have been due and payable by the Borrower prior to such time; and provided, further, that no Revolver Commitment Fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The Revolver Commitment Fee on each Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Commitments, including at any time during which one or more of the conditions in Article 4 is not met, days elapsed and shall be due and payable quarterly in arrears on the last Business Day day of each March, June, September and DecemberFiscal Quarter, commencing March 31on the first such day to occur after October 11, 2021 1996, and on the Maturity Date for the Revolving Credit CommitmentsLoan Commitment Termination Date. The Borrower shall have no liability to any Banks for any Commitments Fees paid to the Agent which the Agent does not properly remit to such Banks, and any such Bank's sole remedy in respect thereof shall be against the Agent. The Applicable Revolver Commitment Fee in effect for the Pricing Period commencing on the first day of each Fiscal Quarter and continuing for the term of the Fiscal Quarter that begins on such first day of the Fiscal Quarter shall be calculated quarterly in arrears, and if there is any change in the Appli- cable Revolver Commitment Fee Rate during any quartercorresponding to the Pricing Level in effect for such period, the actual daily amount shall be computed and multiplied by the as applicable: Applicable Revolver Pricing Level Commitment Fee Rate separately for each period during such quarter that such Revolver Commitment Fee Rate was in effect.Pricing Level I .175% Pricing Level II .200% Pricing Level III .225%