Common use of Ticking Fee Clause in Contracts

Ticking Fee. (a) Subject to Clause 31.2 (No commitment fee or ticking fee), the Company must (or must procure that an Obligor will) pay to the Facility Agent for: (i) each Lender under Facility A a ticking fee computed at the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Facility A Commitments; (ii) each Lender under Facility B a ticking fee computed at the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Facility B Commitments; (iii) each Lender under Facility C a ticking fee computed at the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Facility C Commitments; and (iv) each Lender under the Revolving Facility a ticking fee computed at the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Revolving Facility Commitments, together the Ticking Fees. (b) Each Ticking Fee will accrue on a daily basis from the date of this Agreement to: (i) in the case of the Term Loans, the earlier of the date on which all amounts under the applicable Facility have been utilised in full and the date on which the Commitments under the applicable Facility are cancelled in full (including cancellation by way of automatic cancellation on the last day of the Availability Period); and (ii) in the case of the Revolving Facility Utilisations, the earlier of the date of first Utilisation and the date on which the Commitments under the Revolving Facility are cancelled in full (including cancellation by way of automatic cancellation on the last day of the Availability Period).

Ticking Fee. (a) Subject to Clause 31.2 29.2 (No commitment fee or ticking fee), the Company must (or must procure that an Obligor will) pay to the Facility Agent for: (i) each Lender under Facility A a ticking fee computed at the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Facility A Commitments; (ii) each Lender under Facility B a ticking fee computed at the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Facility B Commitments; (iii) each Lender under Facility C a ticking fee computed at the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Facility C Commitments; and (iv) each Lender under the Revolving Facility a ticking fee computed at the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Revolving Facility Commitments, together the Ticking Fees. (b) Each Ticking Fee will accrue on a daily basis from the date of this Agreement to: (i) in the case of the Term Loans, the earlier of the date on which all amounts under the applicable Facility have been utilised in full and the date on which the Commitments under the applicable Facility are cancelled in full (including cancellation by way of automatic cancellation on the last day of the Availability Period); and (ii) in the case of the Revolving Facility UtilisationsLoans, the earlier of the date of first Utilisation utilisation of a Loan under this Agreement and the date on which the Commitments under the Revolving Facility are cancelled in full (including cancellation by way of automatic cancellation on the last day of the Availability Period).

Ticking Fee. (a) Subject to Clause 31.2 (No commitment fee or ticking fee)The Company will, the Company must (or must procure that an Obligor will) pay subject to the Facility provisions of this letter pay, or will cause to be paid, to the Agent for:(for the account of each of the Lenders on the relevant date) an aggregate ticking fee (a "Ticking Fee") in respect of each day from (and including) the earlier of‌ (i) each Lender under Facility A a ticking fee computed at the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Facility A Commitments; Signing Date and (ii) 30 days after the date of this letter (such earlier date, the "Commencement Date") to (and excluding) the date on which the commitments are cancelled in full, such Ticking Fee to be payable on all undrawn and uncancelled commitments on each Lender under Facility B a ticking fee computed at the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Facility B Commitments; (iii) each Lender under Facility C a ticking fee computed at the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Facility C Commitments; and (iv) each Lender under the Revolving Facility a ticking fee computed at the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Revolving Facility Commitments, together the Ticking Feessuch day. (b) Each For any day on which a Ticking Fee will accrue accrues in accordance with paragraph (a) above, the Ticking Fee to be paid on a daily basis all undrawn and uncancelled commitments on that day shall be equal to the percentage of the Initial Margin (excluding, for the avoidance of doubt, any. interest rate floor) for the Facility set out in the table below opposite the number of days which have elapsed since the Commencement Date: Percentage of Initial Margin Days from the date of this Agreement to:Commencement Date 0% 0 - 60 15% 61 - 120 30% 121+ (ic) The accrued Ticking Fee (if any) is payable in arrears on the case last day of each successive period of three months which ends during the Term LoansCertain Funds Period, the earlier of the date on which all amounts under the applicable Facility have been utilised in full and the date on which the Commitments under the applicable Facility are cancelled in full (including cancellation by way of automatic cancellation on the last day of the Availability Period); Certain Funds Period and (ii) in the case of the Revolving Facility Utilisations, the earlier of the date of first Utilisation and the date on which if the Commitments under the Revolving Facility are cancelled in full (including cancellation by way of automatic cancellation full, on the last day cancelled amount of the Availability Period)relevant Lender's Commitment at the time the cancellation is effective. (d) Ticking Fees shall be calculated on the basis of the actual number of days elapsed and a 365 day year. (e) The Ticking Fee shall be split between the Lenders participating in the Facility pro rata to their respective commitments under the Facility on the applicable date.

Ticking Fee. (a) Subject to Clause 31.2 (No commitment fee or ticking fee), the The Company must shall (or must shall procure that an Obligor one or more Obligors will) pay to the Facility Agent for(for the account of each Lender) a ticking fee in the Base Currency computed at the rate of: (i) each Lender 0.025 per cent. per annum on that Lender’s Available Commitment under Facility A a ticking fee computed at for the rate period commencing on (and including) the date of 0.20 per cent. this Agreement and ending on (but excluding) the date which is the earlier of (A) the undrawn, uncancelled amount date falling 120 days after the date of this Agreement and (B) the Total Facility A CommitmentsUnconditional Date (the “Ticking Fee Period”); (ii) each Lender 0.025 per cent. per annum on that Lender’s Available Commitment under Facility B a ticking fee computed at for the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Facility B CommitmentsTicking Fee Period; (iii) each Lender 0.025 per cent. per annum on that Lender’s Available Commitment under Facility C a ticking fee computed at for the rate of 0.20 per cent. of the undrawn, uncancelled amount of the Total Facility C CommitmentsTicking Fee Period; and (iv) each Lender under the Revolving Facility a ticking fee computed at the rate of 0.20 0.025 per cent. of the undrawn, uncancelled amount of the Total Revolving per annum on that Lender’s Available Commitment under Facility Commitments, together D for the Ticking FeesFee Period. (b) Each The accrued ticking fee is payable on the last day of each successive period of three Months which ends during the relevant Ticking Fee will accrue on a daily basis from the date of this Agreement to: (i) in the case of the Term LoansPeriod, the earlier of the date on which all amounts under the applicable Facility have been utilised in full and the date on which the Commitments under the applicable Facility are cancelled in full (including cancellation by way of automatic cancellation on the last day of the Availability Period); Ticking Fee Period and (ii) , if cancelled in full, on the case cancelled amount of the Revolving Facility Utilisations, relevant Lender’s Commitment at the earlier of time the date of first Utilisation and the date on which the Commitments under the Revolving Facility are cancelled in full (including cancellation by way of automatic cancellation on the last day of the Availability Period)is effective.