Common use of Undrawn Commitment Fee Clause in Contracts

Undrawn Commitment Fee. The Borrower agrees to pay to the Agent for the account of each Lender an undrawn commitment fee on the average daily unused amount of such Lender’s Commitment from the Effective Date in the case of each Initial Lender, and from the later of the Effective Date and the effective date specified in the Assignment and Acceptance or Accession Agreement, as applicable, pursuant to which it became a Lender in the case of each other Lender, until the Commitment Termination Date, at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears on December 31, 2013 and on the Commitment Termination Date.

Undrawn Commitment Fee. The Borrower agrees to pay to the Agent for the account of each Lender an undrawn commitment fee on the average daily unused amount of such Lender’s Commitment from the Effective Date in the case of each Initial Lender, and from the later of the Effective Date and the effective date specified in the Assignment and Acceptance or Accession Agreement, as applicable, pursuant to which it became a Lender in the case of each other Lender, until the Commitment Termination Date, at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears on December 31, 2013 2012 and on the Commitment Termination Date.