Common use of Duration Fee Clause in Contracts

Duration Fee. Borrower shall pay to Administrative Agent (for the account of Lender) a duration fee (the “Duration Fee”) equal to the following: (i) on the date that is ninety (90) days after the Closing Date, one half percent (0.50%) of the amount of the Loan then outstanding, (ii) on the date that is one hundred eighty (180) days after the Closing Date, three-quarters of one percent (0.75%) of the amount of the Loan then outstanding, and (iii) on the date that is two hundred seventy (270) days after the Closing Date, one percent (1.00%) of the amount of the Loan then outstanding.

Duration Fee. The Borrower shall pay to the Administrative Agent (on each of the dates set forth below for the account accounts of Lender) the Lenders, ratably in proportion to their outstanding portion of the Loan, a duration fee (the “Duration Fee”) equal to the followingapplicable percentage set forth below of the aggregate principal amount of the Loan outstanding on such date: (i) on the date that is ninety (90) Date Duration Fee 90 days after the Closing Date, one half percent (Date 0.50%) of the amount of the Loan then outstanding, (ii) on the date that is one hundred eighty (180) % 180 days after the Closing Date, three-quarters of one percent (Date 0.75%) of the amount of the Loan then outstanding, and (iii) on the date that is two hundred seventy (270) % 28 270 days after the Closing Date, one percent (Date 1.00%) of the amount of the Loan then outstanding.