Common use of PAYMENT OF COMMITMENT COMMISSION Clause in Contracts

PAYMENT OF COMMITMENT COMMISSION. The Agent shall promptly after the end of each Commitment Period notify the Borrower and the Banks of the amounts payable by the Borrower under Clause 21.1 (Commitment Commission on the Facility) in respect of such Commitment Period and the Borrower shall pay such amount to the Agent for account of the Banks pro rata to each Bank's Commitment hereunder from time to time during the applicable Commitment Period within five Business Days of such notification.