Revolving Commitment Fees. Each Borrower, severally and not jointly with each other Borrower that, in accordance with Section 2.01, has the ability to borrow under a Revolving Facility with such Borrower, agrees to pay, in Dollars in immediately available funds, (i) to each Revolving Lender a commitment fee (a “Revolving Commitment Fee”) on the Dollar Equivalent of the actual daily amount by which the Revolving Commitment of such Revolving Lender under the applicable Revolving Facility exceeds such Revolving Lender’s Ratable Portion of the sum of (A) the aggregate outstanding principal amount of Revolving Loans under such Revolving Facility and (B) the aggregate Revolving LC Exposure under such Revolving Facility, in each case, from the date hereof through the Revolving Credit Termination Date for such Revolving Facility at the Applicable Rate, payable in arrears (x) for the preceding calendar quarter, no later than the tenth Business Day of each calendar quarter, commencing on the first such Business Day following the Closing Date and (y) on the Revolving Credit Termination Date for such Revolving Facility; provided that if more than one Borrower has the ability to borrow under such Revolving Facility, then each such Borrower shall severally be obligated to pay an equal amount of the aggregate Revolving Credit Commitment Fee under such Revolving Facility.
Revolving Commitment Fees. The Borrower agrees to pay to the Agent for the account of each Revolving Bank (i) a commitment fee on the daily average unused amount of such Revolving Bank's Revolving Commitment for the period from and including the Closing Date to the Termination Date, at a rate equal to one-half of one percent (0.50%) per annum, and (ii) a facility fee equal to one and one-half percent (1.50%) per annum of the daily average amount of such Revolving Bank's Revolving Commitment. For the purpose of calculating the commitment fee hereunder, the Revolving Commitments shall be deemed utilized by all outstanding Revolving Loans and all Letter of Credit Liabilities but shall not, for purposes of this Section 2.5 only, be deemed utilized by any Swingline Loans. Accrued commitment fees and facility fees under this Section 2.5 shall be payable in arrears on each Quarterly Payment Date and on the Termination Date.
Revolving Commitment Fees. (i) Subject to Section 2.16(a)(iii)(A), the Borrower agrees to pay to the Administrative Agent for the account of each of the Lenders with an Initial Revolving Loan Commitment, in accordance with such Xxxxxx’s respective Initial Revolving Loan Commitment Ratio, commitment fees (“Revolving Commitment Fees”) on the unused Initial Revolving Loan Commitment for each day from the Restatement Effective Date through the Initial Revolving-2Revolving-B Loan Maturity Date. The Revolving Commitment Fee shall be an amount equal to the product of the unused Initial Revolving Loan Commitment times a rate per annum equal to the applicable percentage set forth under the heading “Revolving Commitment Fee” in the table set forth in (A) Section 2.3(f)(i) in the case of the Revolving Commitment Fees payable to the Initial Revolving-1 Lenders and (B) Section 2.3(f)(ii(A) in the case of the Revolving Commitment Fees payable to the Initial Revolving-A Lenders and (B) Section 2.3(f)(i)(B) in the case of the Revolving-2 Commitment Fees payable to the Initial Revolving-B Lenders; provided, that in each case the amount of outstanding Swingline Loans shall not be considered usage of the Initial Revolving Loan Commitment for the purposes of calculating the Revolving Commitment Fee.
Revolving Commitment Fees. The Borrower shall pay to the Agent, for the account of each Bank ratably in accordance with its Revolving Percentage, a fee (the “Revolving Commitment Fees”) in an amount determined by applying the Applicable Revolving Commitment Fees Percentage to the average daily average daily Unused Revolving Commitment amount of each Bank. Such Revolving Commitment Fees shall be payable to the Agent in arrears on the last day of each calendar quarter, commencing on the first such day following the Effective Date of this Agreement, and on the Revolving Loan Termination Date.
Revolving Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee (the “Revolving Commitment Fee”), which shall accrue at the applicable rate set forth under the heading “Revolving Commitment Fees” in the table contained in the definition of “Applicable Margin” on the average daily amount (before deducting any outstanding Swingline Loans to the extent participations therein by the Revolving Lenders (other than the Swingline Lender) have not been funded by such Revolving Lenders) of the unused amount of the Revolving Commitment of such Revolving Lender during the Availability Period. Accrued Revolving Commitment Fees shall be payable in arrears on the last day of March, June, September and December of each year and on the Revolving Maturity Date, commencing on the first such date to occur after the date hereof. All Revolving Commitment Fees shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
Revolving Commitment Fees. (i) The Borrower shall pay to the Agent, for the ratable benefit of the Banks, fees (the "Revolving Commitment Fees") in an amount equal to the product of (i) the Applicable Fee Percentage times (ii) the average daily Unused Revolving Commitment for the period from the Closing Date to the Termination Date. Such Revolving Commitment Fees are payable in arrears quarterly on the first day of each April, July, October and January, commencing on the first such date after the Closing Date, and on the Termination Date.
Revolving Commitment Fees. The Borrower shall pay to the Bank fees (the “Revolving Commitment Fees”) in an amount determined by applying a rate of 0.125% per annum to the average daily Unused Revolving Commitment until the Termination Date. Revolving Commitment Fees are payable in arrears on the last day of each fiscal quarter of the Borrower and on the Termination Date.
Revolving Commitment Fees. The Borrowers jointly and severally agree to pay to the Revolving and LC Administrative Agent for the account of each Lender (except for any Defaulting Lender) a commitment fee (the “Revolving Commitment Fee”), accruing at a rate per annum equal to 0.50% on the actual daily amount by which the Revolving Commitment of such Lender exceeds such Lender’s Revolving Exposure during the period from the Effective Date until the Revolving Termination Date, payable in arrears (i) no later than the fifth Business Day after the date on which the Borrowers receive an invoice for the amount of the Revolving Commitment Fees due and payable for the period, and (ii) on the Revolving Termination Date. Solely for purposes of the calculations of the Revolving Commitment Fees, Swing Loans will not be deemed a utilization of the Revolving Facility.
Revolving Commitment Fees. The Borrowers jointly and severally agree to pay to the Revolving Administrative Agent for the account of each Lender (except for any Defaulting Lender) a commitment fee (the “Revolving Commitment Fee”), accruing at a rate per annum equal to 1.50% on the actual daily amount by which the Revolving Commitment of such Lender exceeds such Lender’s Revolving Exposure during the period from the Effective Date until the Revolving Termination Date, payable in arrears (i) no later than the fifth Business Day after the date on which the Borrowers receive an invoice for the amount of the Revolving Commitment Fees due and payable for the period, and (ii) on the Revolving Termination Date.
Revolving Commitment Fees. The Borrowers shall pay to the Agent for the ratable account of the Lenders a commitment fee at the initial rate of .25% per annum with respect to the A Revolving Commitment and the B Revolving Commitment (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily unused amount of the respective Revolving Commitment hereunder ("Commitment Fees") provided, however, that the Commitment Fees shall be subject to quarterly adjustment beginning with the fiscal quarter commencing January 1, 1999 based on the following matrix: Cash Flow Commitment Fee on A and Leverage Ratio B Revolving Commitments -------------- ----------------------- Equal to or less 0.25% than 2.0:1.00 2.01:1.00 through 2.50:1.00 0.25% 2.51:1.00 through 2.75:1.00 0.25%
