(a)  The Borrower agrees to pay to the Agent for the account of each Appropriate Lender a ticking fee on the amount of such Lender's Tranche A Commitment, Tranche B Commitment and/or Tranche C Commitment, as applicable, commencing on (i) the Effective Date in the case of each Initial Lender and (ii) the effective date specified in the Assignment and Assumption pursuant to which it became a Lender in the case of each other Lender, until the earlier of the Funding Date and January 31, 2018, at a rate equal to 0.07% per annum, payable in arrears on the earlier of the Funding Date and January 31, 2018; provided that no Defaulting Lender shall be entitled to receive any ticking fee in respect of its Commitment(s) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay such fee that otherwise would have been required to have been paid to that Defaulting Lender).