Common use of Term-Out Fee Clause in Contracts

Term-Out Fee. In the event that Borrower delivers a Notice of Term-Out pursuant to Section 2.1(b), Borrower shall pay to the Administrative Agent, for the account of Lenders, a term-out fee equal to 100 basis points on each Lender’s pro rata portion of the Borrowings which remain outstanding at the time of the Revolving Commitment Termination Date, which term-out fee shall be paid by Borrower in immediately available funds by wire transfer to Administrative Agent on the date of delivery of the Notice of Term-Out.

Term-Out Fee. In If the event that Borrower delivers a Notice of exercises its option to Term-Out pursuant to Section 2.1(b)2.17, then on the Revolving Termination Date, Borrower shall pay to the Administrative Agent, for the account of Lenderseach Lender in accordance with its Pro Rata Share, a term-out fee an amount equal to 100 basis points on each Lender’s pro rata portion 2.00% multiplied by the Outstanding Amount of the Borrowings which remain outstanding at the time Loans as of the Revolving Commitment Termination Date, which term-out fee shall be paid by Borrower in immediately available funds by wire transfer to Administrative Agent on the date of delivery of the Notice of Term-Outsuch date.