Common use of Term-Out Fee Clause in Contracts

Term-Out Fee. In the event that the Borrower delivers a Term‑Out Notice in accordance with Section 2.15(b), as a condition to the extension of the Maturity Date as provided in such Section, the Borrower agrees to pay to the Administrative Agent, for the account of the Lenders in accordance with each Lender's Commitment Percentage, a non‑refundable fee (the "Term‑Out Fee") equal to 0.375% of the aggregate outstanding principal balance of Revolving Credit Loans on the Commitment Termination Date. The Term‑Out Fee shall be earned and payable on the Commitment Termination Date.

Term-Out Fee. In the event that the Borrower delivers a Term‑Out Term-Out Notice in accordance with Section 2.15(b), as a condition to the extension of the Maturity Date as provided in such Section, the Borrower agrees to pay to the Administrative Agent, for the account of the Lenders in accordance with each Lender's Commitment Percentage, a non‑refundable non-refundable fee (the "Term‑Out Term-Out Fee") equal to 0.375% of the aggregate outstanding principal balance of Revolving Credit Loans on the Commitment Termination Date. The Term‑Out Term-Out Fee shall be earned and payable on the Commitment Termination Date.