Common use of The Commitment Fee Clause in Contracts

The Commitment Fee. In addition to certain fees described in subsections (i) and (j) of Section 2.03, the Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a commitment fee equal to (x) from the Second Restatement Effective Date until the end of the first full Fiscal Quarter ended after the Second Restatement Effective Date, 0.375% per annum and (x) thereafter (i) 0.25% per annum multiplied by the average daily amount by which the Aggregate Commitments exceed the Total Outstandings if such average daily excess amount over the most recently ended Fiscal Quarter as a percentage of the Aggregate Commitments is less than 65% or (ii) 0.375% per annum multiplied by the average daily amount by which the Aggregate Commitments exceed the Total Outstandings if such average daily excess amount over the most recently ended Fiscal Quarter as a percentage of the Aggregate Commitments is equal to or greater than 65%. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the first day of each April, July, October and January, commencing with the first such date to occur after the Second Restatement Effective Date, and on the last day of the Availability Period.

The Commitment Fee. In addition to certain fees described in subsections (i) and (j) of Section 2.03, the Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a commitment fee equal to (xi) from the Second Restatement Effective Date until the end of the first full Fiscal Quarter ended after the Second Restatement Effective Adjustment Date, 0.50% per annum multiplied by the average daily amount by which the Aggregate Commitments exceed the Total Outstandings and (ii) thereafter, (x) 0.375% per annum and multiplied by the average daily amount by which the Aggregate Commitments exceed the Total Outstandings if such average daily excess amount over the most recently ended Fiscal Quarter as a percentage of the Aggregate Commitments is greater than 25% or (xy) thereafter (i) 0.250.50% per annum multiplied by the average daily amount by which the Aggregate Commitments exceed the Total Outstandings if such average daily excess amount over the most recently ended Fiscal Quarter as a percentage of the Aggregate Commitments is less than 65% or (ii) 0.375% per annum multiplied by the average daily amount by which the Aggregate Commitments exceed the Total Outstandings if such average daily excess amount over the most recently ended Fiscal Quarter as a percentage of the Aggregate Commitments is equal to or greater than 6525%. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the first day Business Day of each April, July, October and January, commencing with the first such date to occur after the Second Restatement Effective Date, and on the last day of the Availability Period.