Common use of Duration Fee Clause in Contracts

Duration Fee. On each of the 90th, 180th and 270th days after the Closing Date, the Borrower agrees to pay to the Agent for the account of each Lender a Duration Fee.

Duration Fee. On each of the 90th, 180th and 270th days after the Closing Date, the Borrower agrees to will pay to the Administrative Agent for the account ratable benefit of each Lender the Lenders in accordance with their Applicable Percentage a Duration Feefee equal to 0.25% of the aggregate principal amount of the then outstanding Loans.