Common use of Application of Commitment Reductions; Payment of Fees Clause in Contracts

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Applicable Percentage of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced). All Commitment Fees accrued until the effective date of any termination of the Revolving Credit Commitments shall be paid on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect 3.07); provided that the Borrower may elect to reduce the amount of Original Maturity Revolving Credit Commitments independently of any reduction reductions in the amount of Extended Maturity Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced). All Commitment Fees commitment fees accrued until the effective date of any termination of the Revolving Credit Aggregate Commitments shall be paid on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Revolving Credit Lenders of any termination or reduction of unused portions of the Swing Line Sublimit, the Revolving Credit Lenders of any termination or reduction of the unused portions of the Letter of Credit Sublimit, Sublimit and all Lenders of the termination or the Swing Line Sublimit or the reduction of unused Commitments of any Class under this Section 2.062.06 (provided that no such notice shall be required in connection with any termination pursuant to Section 2.06(b)). Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced3.07). All Commitment Fees commitment fees accrued until the effective date of any termination of the any Revolving Credit Commitments shall be paid on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Revolving Credit Lenders of any termination or reduction of unused portions of the Letter of Credit L/C Sublimit, or the Swing Line Sublimit or the unused Revolving Credit Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments of any ClassRevolving Credit Commitments, the Revolving Credit Commitment of each Revolving Credit Lender of such Class shall be reduced by such Revolving Credit Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Revolving Credit Lender as provided in Section 3.062.06(b) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reducedor Section 3.07). All Commitment Fees commitment fees accrued until the effective date of any termination of the Revolving Credit Commitments shall be paid on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the unused portions of the Letter of Credit Sublimit, or the Swing Line Sublimit unused Revolving Credit Commitments or the unused Term Loan Commitments of any Class under this Section 2.06. Upon any reduction of unused Revolving Credit Commitments of any Classor unused Term Loan Commitments, the Commitment Revolving Credit Commitments or Term Loan Commitments, as applicable, of each |US-DOCS\126402975.16140630557.8|| Lender of such Class shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination applicable Facility is reduced. Optional reductions of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction unused Revolving Credit Commitments shall be made on a pro rata basis among the outstanding Tranches of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced). All Commitment Fees accrued until the effective date of any termination of the Total Revolving Credit Commitments shall be paid on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Term Loan Commitments of any Class or New Loan Commitments under this Section 2.062.05. Upon any reduction of unused Commitments of any ClassTerm Loan Commitments, the Commitment of each Term Lender of such Class shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment Commitments of any Lender as provided in Section 3.06) (and with respect to 3.07). Upon any reduction of Revolving Credit any unused New Loan Commitments, the Commitment each New Loan Lender shall be reduced by such Lender’s percentage Pro Rata Share of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit such Commitments are reducedreduced (other than the termination of Commitments of any Lender as provided in Section 3.07). All Commitment Fees commitment fees accrued until the effective date of any termination of the Revolving Credit any Commitments shall be paid on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Appropriate Lenders of any termination or reduction of unused portions portion of the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. The amount of any such reduction of the Revolving Credit Commitments shall not be applied to the Letter of Credit Sublimit unless otherwise specified by the Borrower. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced). All Commitment Fees commitment fees accrued until the effective date of any termination of the Revolving Credit Aggregate Commitments of any Class shall be paid to the Appropriate Lenders on the effective date of such termination. Any termination or reduction of the Delayed Draw Term A Loan Commitments shall be permanent.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.062.04. Each reduction of the unused portion of the Commitments pursuant to Section 2.04(a) or 2.04(b) shall be applied first to permanently reduce the COF Commitments to zero and then to the principal repayment installments of the PFF Commitments in inverse order of maturity. Upon any reduction of unused Commitments of under any ClassDebt Facility, the Commitment of each Lender of such Class thereunder shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are Debt Facility is reduced). All Commitment Fees fees accrued until the effective date of any termination or reduction of the Revolving Credit Commitments pursuant to Section 2.07(a) in respect of any Commitment being terminated or reduced pursuant to this Section 2.04 shall be paid on the effective date of such termination.termination or reduction. NYDOCS02/1023777.17Midway Gold – Pan Gold Project – Credit Agreement

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Appropriate Lenders of any termination or reduction of unused portions portion of the Letter of Credit Sublimit, the Swing Line Sublimit, or the unused Commitments of any Class under this Section 2.06. The amount of any such reduction of the Revolving Credit Commitments shall not be applied to the Letter of Credit Sublimit, or the Swing Line Sublimit or unless otherwise specified by the unused Commitments of any Class under this Section 2.06Borrower Representative. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced). All Commitment Fees commitment fees accrued until the effective date of any termination of the Revolving Credit Aggregate Commitments of any Class shall be paid to the Appropriate Lenders on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused portions of the Letter of Credit Sublimit or the unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Applicable Percentage of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced). All Revolver Commitment Fees accrued until the effective date of any reduction or termination of the Revolving Credit Commitments shall be paid on the effective date of such reduction or termination. All Initial Term-A Loan Commitment Fees accrued until the effective date of any reduction or termination of the Initial Term-A Loan Commitments shall be paid on the effective date of such reduction or termination.