Common use of Term Loan Commitment Fee Clause in Contracts

Term Loan Commitment Fee. The Borrower shall pay to the Administrative Agent for the account of each Term Lender a commitment fee (the “Term Loan Commitment Fee”), on the daily average unused amount of such Term Lender’s Term Loan Commitment, at a rate per annum equal to 0.50%, for the period from and including the Closing Date to, but not including, the date the Term Loan Commitments are reduced to zero. The accrued Term Loan Commitment Fee shall be payable in arrears on each Quarterly Date.

Term Loan Commitment Fee. The Borrower shall agrees to pay to the Administrative Agent for the account of each Term Lender a commitment fee (the “Term Loan Commitment Fee”), on the daily average unused amount of the Term Loan Commitment of such Term Lender’s Term Loan Commitment, for each day during the period from the Closing Date until the Funding Date, at a rate per annum equal to 0.50%1.40% per annum, for accrued commitment fees to be payable on the period from Funding Date and including upon any termination or expiry of the Closing Date to, but not including, the date the applicable Term Loan Commitments are reduced to zero. The accrued Term Loan Commitment Fee shall be payable in arrears on each Quarterly DateCommitments.