Revolving Commitment Fees. The Borrower shall pay to the Agent, for the account of each Bank ratably in accordance with its Revolving Percentage, a fee (the “Revolving Commitment Fees”) in an amount determined by applying the Applicable Revolving Commitment Fees Percentage to the average daily average daily Unused Revolving Commitment amount of each Bank. Such Revolving Commitment Fees shall be payable to the Agent in arrears on the last day of each calendar quarter, commencing on the first such day following the Effective Date of this Agreement, and on the Revolving Loan Termination Date.
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Sources: Credit Agreement (Life Time Fitness Inc), Credit Agreement (Life Time Fitness Inc)
Revolving Commitment Fees. The Borrower shall pay to the Agent, for the account of each Bank ratably in accordance with its Revolving Percentage, a fee (the “Revolving Commitment Fees”) in an amount determined by applying the Applicable Revolving Commitment Fees Percentage to the average daily average daily Unused Revolving Commitment amount of each Bank. Such Revolving Commitment Fees shall be payable to the Agent in arrears on the last day of each calendar quarter, commencing on the first such day following the Effective Date date of this Agreement, and on the Revolving Loan Termination Date.
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