Common use of Accrued Ticking Fee Clause in Contracts

Accrued Ticking Fee. (i) in the case of the Term Loans, is payable on first Utilisation Date of the applicable Facility and on the earlier of the date on which all amounts under the applicable Facility have been utilised in full and the date on which the Commitments under the applicable Facility are cancelled in full (including cancellation by way of automatic cancellation on the last day of the Availability Period); and