Common use of Utilization Fee Clause in Contracts

Utilization Fee. For each day on which the aggregate principal amount of Advances outstanding exceeds an amount equal to 50% of the aggregate Commitments, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a utilization fee (the “Utilization Fee”) on the aggregate principal amount of the Advances of such Lender outstanding on such day at a rate per annum equal to the Applicable Utilization Fee Rate. The Utilization Fee shall be payable in respect of each Advance on each date on which interest is payable on such Advance as specified in Section 2.06(a) hereof.

Utilization Fee. For each day on which the aggregate principal amount of Advances outstanding exceeds an amount equal to 50% of the aggregate Commitments, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a utilization fee (the “Utilization Fee”) on the aggregate principal amount of the Advances of such Lender outstanding on such day at a rate per annum equal to the Applicable Utilization Fee Rate. The Utilization Fee shall will be payable in respect of each Advance on each date on which interest is payable on such Advance Advance, as specified in Section 2.06(a) hereof.

Utilization Fee. For each day on which the aggregate principal amount of the Advances outstanding exceeds an amount equal to 50% of the aggregate Commitments, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a utilization fee (the “Utilization Fee”) ), which shall accrue at the Applicable Rate on the aggregate principal amount of the Advances of such Lender outstanding on such day at a rate per annum equal to the Applicable Utilization Fee Rateday. The Utilization Fee shall will be payable in respect of each Advance on each date on which interest is payable on such Advance Advance, as specified in Section 2.06(a2.07(a) hereof.

Utilization Fee. For each day on which the aggregate principal amount of Advances outstanding exceeds an amount equal to 50% of the aggregate CommitmentsCommitments (computed without regard to any B Reduction), the Borrower agrees to pay to the Administrative Agent for the account of each Lender a utilization fee (the “"Utilization Fee”") on the aggregate principal amount of the Advances of such Lender outstanding on such day at a rate per annum equal to the Applicable Utilization Fee Rate. The Utilization Fee shall will be payable in respect of each Advance on each date on which interest is payable on such Advance Advance, as specified in Section 2.06(a2.03(e) and Section 2.07 hereof.

Utilization Fee. For each day on which the aggregate principal amount of Advances outstanding exceeds an amount equal to 50% of the aggregate CommitmentsCommitments (computed without regard to any B Reduction), the Borrower agrees to pay to the Administrative Agent for the account of each Lender a utilization fee (the “Utilization Fee”) on the aggregate principal amount of the Advances of such Lender outstanding on such day at a rate per annum equal to the Applicable Utilization Fee Rate. The Utilization Fee shall will be payable in respect of each Advance on each date on which interest is payable on such Advance Advance, as specified in Section 2.06(a2.03(e) and Section 2.07 hereof.

Utilization Fee. For each day on which the aggregate principal amount of Advances outstanding exceeds an amount equal to 50% of the aggregate Commitments, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a utilization fee (the “Utilization Fee”) on the aggregate principal amount of the Advances of such Lender outstanding on such day at a rate per annum equal to the Applicable Utilization Fee Rate. The Utilization Fee shall will be payable in respect of each Advance on each date on which interest is payable on such Advance Advance, as specified in Section 2.06(a) 2.06 hereof.

Utilization Fee. For each day on which the aggregate principal amount of Advances outstanding exceeds an amount equal to 50% of the aggregate Commitments, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a utilization fee (the “Utilization Fee”) on the aggregate principal amount of the Advances of such Lender outstanding on such day at a rate per annum equal to the Applicable Utilization Fee Rate. The Utilization Fee shall will be payable in respect of each Advance on each date on which interest is payable on such Advance Advance, as specified in Section 2.06(a) hereof.