Common use of Revolving Commitment Fees Clause in Contracts

Revolving Commitment Fees. (i) Each Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee (a “Commitment Fee”) on the average daily amount by which such Revolving Lender’s Revolving Commitment exceeds the sum of (i) the aggregate principal amount of such Revolving Lender’s outstanding Revolving Advances and (ii) such Revolving Lender’s Revolving Pro Rata Share of the Letter of Credit Exposure, from the Closing Date until the Maturity Date at the Applicable Margin for Commitment Fees. The Commitment Fees payable pursuant to this clause (a) are payable in arrears on the first Business Day of each month commencing December 1, 2008 and on the Maturity Date. (ii) The Borrowers agree to pay to the Administrative Agent, for the account of each Revolving Lender that is a Lender on the Closing Date, on the second Business Day of each month commencing in January 2009, a fee equal to 0.05% of such Revolving Lender’s Revolving Commitment on the first Business Day of each such month.