Common use of Availability Fee Clause in Contracts

Availability Fee. Within five Business Days after the third anniversary of the Measurement Date, Alderwoods will pay to the Trustee an amount equal to 2% of the outstanding principal balance of the Five-Year Notes as of that anniversary date, which amount the Trustee will promptly forward to the Holders of the Five-Year Notes pro rata in accordance with their respective holdings of Five-Year Notes as of that anniversary date.