Amendment and Waiver Fee. The Borrower agrees to pay an amendment and waiver fee, for the account of each Lender that delivers an executed signature page to this Amendment and Waiver by 5:00 p.m., New York City time, on June 13, 2005, in an amount equal to 0.05% of the sum of (a) such Lender's Revolving Credit Commitment and (b) the aggregate principal amount of such Lender's outstanding Term Loans, which fee shall be payable promptly upon this Amendment and Waiver becoming effective. Failure to pay such fee shall be deemed to, and shall, constitute an Event of Default under the Credit Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Spheris Leasing LLC), Credit Agreement (Spheris Operations Inc.)