Audiovox 2012 Annual Report Download - page 210

(c) Interest on Swingline Loans. Subject to the provisions of Section 2.8, Swingline Loans shall bear interest at a per
annum rate equal to the Alternate Base Rate plus the Applicable Margin for U.S. Revolving Loans that are Alternate Base Rate
Loans. Interest on Swingline Loans shall be payable in arrears on each Interest Payment Date.
(d) Swingline Loan Note; Covenant to Pay. The Swingline Loans shall be evidenced by this Agreement and, upon
request of the Swingline Lender, by a duly executed promissory note of the Domestic Borrowers in favor of the Swingline
Lender in the original amount of the Swingline Committed Amount and substantially in the form of Exhibit 2.4(d). The
Domestic Borrowers jointly and severally covenant and agree to pay the Swingline Loans in accordance with the terms of this
Agreement.
(e) Cash Collateral. At any point in time in which there is a Defaulting Lender, the Swingline Lender may require the
Domestic Borrowers to Cash Collateralize the outstanding Swingline Loans pursuant to Section 2.20.
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(a) Commitment Fee. Subject to Section 2.21, in consideration of the Revolving Commitments, the Borrowers jointly
and severally agree to pay to the Administrative Agent, (i) for the benefit of the U.S. Revolving Lenders (on a ratable basis after
giving effect to any step-up or step-down of availability under the U.S. Revolving Facility), a commitment fee (the “ U.S.
Commitment Fee”) in an amount equal to the Applicable Margin per annum on the average daily unused amount of the
Revolving Availability Amount and (ii) for the ratable benefit of the Multicurrency Revolving Lenders, a commitment fee (the
“Multicurrency Commitment Fee” and, together with the U.S. Commitment Fee, collectively the “ Commitment Fee”) in an
amount equal to the Applicable Margin per annum on the average daily unused amount of the Multicurrency Revolving
Committed Amount. The Commitment Fee shall be calculated quarterly in arrears. For purposes of computation of the
Commitment Fee, LOC Obligations shall be considered usage of the Revolving Availability Amount but Swingline Loans shall
not be considered usage of the Revolving Availability Amount. The Commitment Fee shall be payable quarterly in arrears on the
last Business Day of each calendar quarter.
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