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 Revolving Lender in accordance with its average daily Applicable Percentage during the relevant period, a commitment fee equal to 0.25% multiplied by the average daily amount by which the Aggregate Revolving Commitments exceed the Total Revolving Exposure. 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 tenth Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the Fifth Restatement Effective Date, on each Maturity Date of any Revolving Commitments 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 Revolving Lender in accordance with its average daily Applicable Percentage during the relevant period, a commitment fee equal to 0.25% multiplied by the average daily amount by which the Aggregate Revolving Commitments exceed the Total Revolving Exposure. 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 tenth Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the Fifth Fourth Restatement Effective Date, on each Maturity Date of any Revolving Commitments and on the last day of the Availability Period.