Common use of Term-Out Fee Clause in Contracts

Term-Out Fee. If the Borrower exercises its option to Term-Out pursuant to Section 2.17, then on the Revolving Termination Date, Borrower shall pay to the Administrative Agent, for the account of each Lender in accordance with its Pro Rata Share, an amount equal to 2.00% multiplied by the Outstanding Amount of Loans as of such date.