Common use of Duration Fee Clause in Contracts

Duration Fee. The Borrower will pay to each Lender a duration fee in an amount equal to (i) 0.50% of the aggregate principal amount of such Lender’s Loans outstanding on the date which is 90 days after the Funding Date, due and payable in cash on such 90th day (or if such day is not a Business Day, the next Business Day); (ii) 0.75% of the aggregate principal amount of such Lender’s Loans outstanding on the date which is 180 days after the Funding Date, due and payable in cash on such 180th day (or if such day is not a Business Day, the next Business Day); and (iii) 1.00% of the aggregate principal amount of such Lender’s Loans outstanding on the date which is 270 days after the Funding Date, due and payable in cash on such 270th day (or if such day is not a Business Day, the next Business Day).

Duration Fee. The Borrower will shall pay to the Administrative Agent for the ratable benefit of each Lender Lender, a duration fee in an amount equal to (i) 0.50% of the aggregate principal amount of such Lender’s the Loans outstanding on the date which is 90 days after the Funding Closing Date, due and payable in cash on such 90th day (or if such day is not a Business Day, the next Business Day); , (ii) 0.75% of the aggregate principal amount of such Lender’s the Loans outstanding on the date which is 180 days after the Funding Closing Date, due and payable in cash on such 180th day (or if such day is not a Business Day, the next Business Day); , and (iii) 1.00% of the aggregate principal amount of such Lender’s the Loans outstanding on the date which is 270 days after the Funding Closing Date, due and payable in cash on such 270th day (or if such day is not a Business Day, the next Business Day).

Duration Fee. The Borrower will shall pay to each Lender the Administrative Agent for the ratable account of the Lenders in accordance with their Applicable Percentage, a duration fee in an amount equal to (i) 0.50% of the aggregate principal amount of such Lender’s the Loans outstanding on the date which is 90 days after the Funding Closing Date, due and payable in cash on such 90th day (or if such day is not a Business Day, the next Business Day); (ii) 0.75% of the aggregate principal amount of such Lender’s the Loans outstanding on the date which is 180 days after the Funding Closing Date, due and payable in cash on such 180th day (or if such day is not a Business Day, the next Business Day); and (iii) 1.00% of the aggregate principal amount of such Lender’s the Loans outstanding on the date which is 270 days after the Funding Closing Date, due and payable in cash on such 270th day (or if such day is not a Business Day, the next Business Day).