Common use of Unused Commitment Fees Clause in Contracts

Unused Commitment Fees. The Borrower agrees to pay to the Agent for the account of the Revolving Loan Lenders an unused commitment fee to be shared pro rata among the Revolving Loan Lenders with respect to the Revolving Loan Commitments for the period from and including the Closing Date to but excluding the Revolving Loan Commitment Expiration Date, based on the average daily aggregate amount of the unused Aggregate Revolving Loan Commitment from time to time in effect and computed at the rate of (i) during any period in which the Maximum Total Debt Ratio is less than 5.50:1, 0.375% per annum and (ii) at all other times, 0.500% per annum. Such fee shall be payable quarterly in arrears on the last day of each March, June, September and December and on the Revolving Loan Commitment Expiration Date, commencing on the first such date to occur after the Closing Date.

Unused Commitment Fees. (a) The Borrower agrees Borrowers agree to pay to the Agent for the account of the Revolving Loan Lenders an unused commitment fee to be shared pro rata among the Revolving Loan Lenders with respect to the Revolving Loan Commitments for the period from and including the Closing Date to but excluding the Revolving Loan Commitment Expiration Date, based on the average daily aggregate amount of the unused Aggregate Revolving Loan Commitment from time to time in effect and computed at the applicable per annum rate of (i) during any period in which the set forth below: Maximum Total Commitment Debt Ratio is less than 5.50:1, Fee ------------ ---------- *6.00:1 0.500% **6.00:1 - *5.00:1 0.375% per annum and (ii) at all other times, 0.500**5.00:1 0.250% per annum. Such fee shall be payable quarterly in arrears on the last day of each March, June, September and December and on the Revolving Loan Commitment Expiration Date, commencing on the first such date to occur after the Closing Date.