Common use of Restructuring Fee Clause in Contracts

Restructuring Fee. The Borrower agrees to pay on the Closing Date to the Administrative Agent, for the account of each Lender party of record to this Agreement on the Closing Date that has executed a lockup agreement (and that has not withdrawn its consent to such lockup agreement) on or prior to the Closing Date, a restructuring fee in an amount equal to 2.00% of the principal amount of the Loans of such Lender outstanding on the Closing Date, after giving effect to the Closing Payment.