Revolving Commitment Fees. The Borrowers shall pay to the Agent for the ratable account of the Lenders a commitment fee at the initial rate of .25% per annum with respect to the A Revolving Commitment and the B Revolving Commitment (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily unused amount of the respective Revolving Commitment hereunder ("Commitment Fees") provided, however, that the Commitment Fees shall be subject to quarterly adjustment beginning with the fiscal quarter commencing January 1, 1999 based on the following matrix: Cash Flow Commitment Fee on A and Leverage Ratio B Revolving Commitments -------------- ----------------------- Equal to or less 0.25% than 2.0:1.00 2.01:1.00 through 2.50:1.00 0.25% 2.51:1.00 through 2.75:1.00 0.25%
Appears in 2 contracts
Sources: Credit Agreement (Stericycle Inc), Credit Agreement (Stericycle Inc)