Common use of Revolving Commitment Fees Clause in Contracts

Revolving Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee (the “Revolving Commitment Fee”), which shall accrue at the applicable rate set forth under the heading “Revolving Commitment Fees” in the table contained in the definition of “Applicable Margin” on the average daily amount (before deducting any outstanding Swingline Loans to the extent participations therein by the Revolving Lenders (other than the Swingline Lender) have not been funded by such Revolving Lenders) of the unused amount of the Revolving Commitment of such Revolving Lender during the Availability Period. Accrued Revolving Commitment Fees shall be payable in arrears on the last day of March, June, September and December of each year and on the Revolving Maturity Date, commencing on the first such date to occur after the date hereof. All Revolving Commitment Fees shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).