All fees referred to in this Section 2.11(a) shall be paid to Administrative Agent in Dollars at its Principal Office and upon receipt, Administrative Agent shall promptly distribute to each Lender its Pro Rata Share thereof.
(b) Borrower agrees to pay directly to each Issuing Bank, for its own account, the following fees: (i) a fronting fee equal to 0.125% per annum times the average daily maximum amount available to be drawn under all Letters of Credit then outstanding (determined as of the closing of business on any date of determination); and (ii) such documentary and processing charges for any issuance, amendment, transfer or payment of a Letter of Credit as are in accordance with such Issuing Bank’s standard schedule for such charges and as in effect at the time of such issuance, amendment, transfer or payment, as the case may be.
(c) All fees referred to in Section 2.11(a) and 2.11(b)(i) shall be calculated on the basis of a 360-day year and the actual number of days elapsed and shall be payable quarterly in arrears on the last Business Day of March, June, September and December of each year during the Revolving Commitment Period, commencing on the first such date to occur after the Closing Date, and on the Revolving Commitment Termination Date.
(e) In addition to any of the foregoing fees, Borrower agrees to pay to Agents such other fees in the amounts and at the times separately agreed upon.
SECTION 2.12. [Reserved.]
SECTION 2.13. Voluntary Prepayments/Commitment Reductions.
(a) Voluntary Prepayments.
(i) Any time and from time to time, Borrower may prepay any Revolving Loans on any Business Day in whole or in part, in an aggregate minimum amount not less than the Borrowing Minimum and integral multiples of the Borrowing Multiple in excess of that amount (or such lesser amount which constitutes the full amount of such Loans outstanding).
(ii) All such prepayments shall be made:
(1) upon not less than one Business Day’s prior written notice in the case of Base Rate Loans and CPR Loans; and
(2) upon not less than three Business Days’ prior written in the case of Eurocurrency Rate Loans;
in each case given in the form of a Prepayment Notice to Administrative Agent by 12:00 p.m. (Local Time) on the date required (and Administrative Agent will promptly transmit such original notice for Revolving Loans by telefacsimile or telephone to each Lender). Upon the giving of any such Prepayment Notice, the principal amount of the Loans specified in such notice shall become due and payable on the prepayment date specified therein; provided that a Prepayment Notice made in connection with a refinancing of the Loans or sale of Borrower may be conditioned upon the consummation of such refinancing or sale (and if such refinancing or sale is not consummated, the principal amount of the Loans specified in such notice shall not be so due and payable on the prepayment date specified in such notice). Any such voluntary prepayment shall be applied as specified in Section 2.15(a).