Common use of Term-Out Fee Clause in Contracts

Term-Out Fee. The Company shall pay to the Agent for the account of each Bank a term-out fee calculated rate of 0.15 per cent. flat on the amount of the Facility A Commitment of that Bank requested to be converted into Term Loans under Clause 10 (Term-Out Option) within five Business Days of the date of exercise of the term-out option.

Term-Out Fee. The If the Company shall exercises the term-out option in accordance with Clause 2.5 (Term-out Option), then it must pay to the Agent for the account of each Bank a term-out fee calculated rate in the amount of 0.15 0.50 per cent. flat on of the aggregate amount of the Facility A Commitment of that Bank requested converted to be converted into Term Loans under Clause 10 (a term facility and specified in the Term-Out Option) within five Business Days of the date of exercise of the term-out optionNotice.