Common use of Revolver Commitment Fee Clause in Contracts

Revolver Commitment Fee. Subject to Section 11.08 hereof, the Borrower shall pay to Administrative Agent for the account of Lenders pro rata in accordance with each Lender's Revolver Specified Percentage, a commitment fee (the "Revolver Commitment Fee") equal to 0.500% per annum on the average daily amount of the difference between (i) the Revolver Commitment and (ii) the sum of (A) all outstanding Revolver Advances and (B) the face amount of all outstanding Letters of Credit, payable in arrears on each Quarterly Date commencing with the first Quarterly Date after the Closing Date, and continuing until the Maturity Date.