Common use of Utilization Fees Clause in Contracts

Utilization Fees. (i) For each day that Total Utilization exceeds an amount equal to fifty percent (50%) of the Total Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of each Lender (based on such Lender’s Commitment Percentage), a per annum fee equal to (A) .250% multiplied by (B) the sum of the principal amount of Loans outstanding on such day plus the principal amount of LOC Obligations outstanding on such day (the “Utilization Fees”). (ii) The Utilization Fees, if any, shall commence to accrue on the Effective Date and shall be due and payable in arrears on the last Business Day of each fiscal quarter of the Borrower (as well as on the Maturity Date, on any date that the Revolving Committed Amount is reduced and on any date that the commitments of the Lenders under the Multi-Year Credit Agreement are reduced) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date.

Utilization Fees. (i) For each day that Total Utilization exceeds an amount equal to fifty percent (50%) of the Total CommitmentRevolving Committed Amount, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of each Lender (based on such Lender’s Commitment Percentage), a per annum fee in Dollars equal to (A) .250.125% multiplied by (B) the sum of the principal amount of Loans outstanding on such day plus the principal amount of LOC Obligations outstanding on such day (the “Utilization Fees”). (ii) The Utilization Fees, if any, shall commence to accrue on the Effective Closing Date and shall be due and payable in arrears on the last Business Day of each fiscal quarter of the Borrower (as well as on the Maturity Date, Date and on any date that the Revolving Committed Amount is reduced and on any date that the commitments of the Lenders under the Multi-Year Credit Agreement are reduced) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date.

Utilization Fees. (i) For each day that Total Utilization exceeds an amount equal to fifty percent (50%) of the Total CommitmentRevolving Committed Amount, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of each Lender (based on such Lender’s Commitment Percentage), a per annum fee equal to (A) .250.125% multiplied by (B) the sum of the principal amount of Loans outstanding on such day plus the principal amount of LOC Obligations outstanding on such day (the “Utilization Fees”). (ii) The Utilization Fees, if any, shall commence to accrue on the Effective Closing Date and shall be due and payable in arrears on the last Business Day of each fiscal quarter of the Borrower (as well as on the Maturity Date, Date and on any date that the Revolving Committed Amount is reduced and on any date that the commitments of the Lenders under the Multi-Year Credit Agreement are reduced) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date.

Utilization Fees. (i) For each day that Total Utilization exceeds an amount equal to fifty percent (50%) of the Total Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of each Lender (based on such Lender’s Commitment Percentage), a per annum fee equal to (A) .250% multiplied by (B) the sum of the principal amount of Loans outstanding on such day plus the principal amount of LOC Obligations outstanding on such day (the “Utilization Fees”). (ii) The Utilization Fees, if any, shall commence to accrue on the Effective Date and shall be due and payable in arrears on the last Business Day of each fiscal quarter of the Borrower (as well as on the Maturity Date, on any date that the Revolving Committed Amount is reduced and on any date that the commitments of the Lenders under the Multi-Year Short Term Credit Agreement are reduced) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date.