Common use of Revolver Commitment Fee Clause in Contracts

Revolver Commitment Fee. The Borrower agrees to pay to the Agent, for the pro rata account of each Lender, for the period (including any portion thereof when the Revolving Loan Commitments are suspended by reason of the Borrower's inability to satisfy any condition of Article V) commencing on the Effective Date and continuing through the Revolving Loan Commitment Termination Date, a commitment fee at the rate of 1/2 of 1% per annum on such Lender's Percentage of the sum of the average daily undrawn and unused portion of the Revolving Loan Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first Quarterly Payment Date following the Effective Date, and on the Revolving Loan Commitment Termination Date.

Revolver Commitment Fee. The Borrower agrees to pay to the Agent, for the pro rata PRO RATA account of each Lender, for the period (including any portion thereof when the Revolving Loan Commitments are suspended by reason of the Borrower's inability to satisfy any condition of Article ARTICLE V) commencing on the Effective Date and continuing through the Revolving Loan Commitment Termination Date, a commitment fee at the rate of 1/2 of 1% per annum on such Lender's Percentage of the sum of the average daily undrawn and unused portion of the Revolving Loan Commitment Amount. Such commitment fees shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first Quarterly Payment Date following the Effective Date, and on the Revolving Loan Commitment Termination Date.