 What is the amount of the Commitment Fee due and payable on the Effective Date?
Debtors agree to pay to Lender commitment fee (the “ Commitment Fee ”) equal to TWO PERCENT (2.00%) of the Credit Facility for the establishment of the Credit Facility. The Commitment Fee shall be fully earned as of the Effective Date. The Commitment Fee shall be payable as follows: (i) ONE HALF (1/2) shall be due and payable on the Effective Date, (ii) and ONE HALF (1/2) shall be due and payable on the FIRST (1 st ) anniversary of the Effective Date . Notwithstanding anything contained herein to the contrary, any portion of the Commitment Fee then unpaid shall be due and payable on the Maturity Date.
ONE HALF