Revolver Commitment Fee. The Borrower agrees to pay the Agent, for the benefit of the Banks in proportion to their respective Commitment Fee Pro Rata Shares, commitment fees (the "Commitment Fees") 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 Revolving Loans plus the Letter of Credit Usage multiplied by the Applicable Revolver Commitment Fee per annum. The Commitment Fees shall be calculated on the basis of a 360-day year and the actual number of days elapsed and shall be payable quarterly in arrears on the last day of each Fiscal Quarter, commencing on the first such day to occur after October 11, 1996, and on the Revolving Loan Commitment Termination Date. The Borrower shall have no liability to any Banks for any Commitment 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 the Applicable Revolver Commitment Fee corresponding to the Pricing Level in effect for such period, as applicable: Applicable Revolver Pricing Level Commitment Fee Pricing Level I .175% Pricing Level II .200% Pricing Level III .225%
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Revolver Commitment Fee. The Borrower agrees to pay the Agent, for the benefit of the Banks in proportion to their respective Commitment Fee Pro Rata Shares, commitment fees (the "Commitment Fees") 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 Revolving Revolv- ing Loans plus the Letter of Credit Usage multiplied by the Applicable Revolver Commitment Commit- ment Fee per annum. The Commitment Fees shall be calculated on the basis of a 360-day year and the actual number of days elapsed and shall be payable quarterly in arrears on the last day of each Fiscal Quarter, commencing on the first such day to occur after October 11, 1996, and on the Revolving Loan Commitment Termination Date. The Borrower shall have no liability to any Banks for any Commitment 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 the Applicable Appli- cable Revolver Commitment Fee corresponding to the Pricing Level in effect for such period, as applicable: Applicable Revolver Pricing Level Commitment Fee Pricing Level I .175% Pricing Level II .200% Pricing Level III .225%
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