Common use of Utilisation fee Clause in Contracts

Utilisation fee. (a) If at any time the total amount of the Loans exceeds 50 per cent. of the Total Commitments then the Borrowers shall pay to the Agent (for the account of each Lender) a utilisation fee in the Base Currency computed at the rate of 0.15 per cent. per annum of the total amount of such Loans calculated on a daily basis. (b) The fee referred to in sub-clause (a) above shall be payable jointly and severally by each of the Borrowers in the Base Currency on the last day of each successive period of three Months and on the Termination Date, provided that the Norwegian Borrowers shall only be liable to the ex­tent which is permitted under the Norwegian Companies ▇▇▇ ▇▇▇▇ Sec­tion 8-7.

Utilisation fee. (a) If at any time the total amount of the Loans exceeds 50 per cent. of the Total Commitments then the Borrowers shall pay to the Agent (for the account of each Lender) a utilisation fee in the Base Currency computed at the rate of 0.15 per cent. per annum of the total amount of such Loans calculated on a daily basis. (b) The fee referred to in sub-clause (a) above shall be payable jointly and severally by each of the Borrowers in the Base Currency on the last day of each successive period of three Months and on the Termination Date, provided that the Norwegian Borrowers shall only be liable to the ex­tent extent which is permitted under the Norwegian Companies ▇▇▇ ▇▇▇▇ Sec­tion Section 8-7.

Utilisation fee. (ai) If at any time the total amount of the Loans exceeds 50 per cent. of the Total Commitments then the Borrowers shall pay to the Agent (for the account of each Lender) a utilisation fee in the Base Currency computed at the rate of 0.15 per cent. per annum of the total amount of such Loans calculated on a daily basis. (bii) The fee referred to in sub-clause (ai) above shall be payable jointly and severally by each of the Borrowers in the Base Currency on the last day of each successive period of three Months and on the Termination Date, provided that the Norwegian Borrowers shall only be liable to the ex­tent extent which is permitted under the Norwegian Companies ▇▇▇ ▇▇▇▇ Sec­tion Act 1997 Section 8-7.

Utilisation fee. (a) If at any time the total amount of the Loans exceeds 50 66 per cent. of the Total Commitments then the Borrowers shall pay to the Agent (for the account of each Lender) a utilisation fee in the Base Currency computed at the rate of 0.15 0.25 per cent. per annum of the total amount of such Loans calculated on a daily basis. (b) The fee referred to in sub-clause (a) above shall be payable jointly and severally by each of the Borrowers in the Base Currency on the last day of each successive period of three Months and on the Termination Date, provided that the two Norwegian Borrowers shall only be liable to the ex­tent extent which is permitted under the Norwegian Companies ▇▇▇ ▇▇▇▇ Sec­tion Act 1997 Section 8-7.

Utilisation fee. (a) If at any time the total amount of the Loans exceeds 50 per cent. of the Total Commitments then the Borrowers shall pay to the Agent (for the account of each Lender) a utilisation fee in the Base Currency computed at the rate of 0.15 per cent. per annum of the total amount of such Loans calculated on a daily basis. (b) The fee referred to in sub-clause (a) above shall be payable jointly and severally by each of the Borrowers in the Base Currency on the last day of each successive period of three Months and on the Termination Date, provided that the Norwegian Borrowers shall only be liable to the ex­tent which is permitted under the Norwegian Companies ▇A▇▇ ▇▇▇▇ Sec­tion 8-7.