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 the event that The Borrower delivers a Notice of Term-Out pursuant agrees to Section 2.1(b), Borrower shall pay to the Administrative Agent, for the account of Lenderseach Lender, a term-out fee in an amount equal to 100 basis points on each Lender’s pro rata portion 1.0% of the Borrowings which aggregate principal amount of any Committed Loans that remain outstanding at after the time Maturity Date pursuant to Section 2.06(a), payable on the effective date of exercise of the Revolving Commitment Termination Date, which term-out fee shall be paid by Borrower in immediately available funds by wire transfer option pursuant to Administrative Agent on the date of delivery of the Notice of Term-OutSection 2.06(a).