Facility and Utilization Fees. (a) Each Borrower agrees to pay to the Administrative Agent, for the account of the Lenders according to their Pro Rata Shares, a facility fee for the period from the Closing Date to the Commitment Termination Date for such Borrower (or, if later, the date on which all Outstanding Credit Extensions to such Borrower have been paid in full) in an amount equal to the Facility Fee Rate for such Borrower multiplied by such Borrower’s Sublimit (or, after the Commitment Termination Date for such Borrower, the principal amount of all Outstanding Credit Extensions to such Borrower), payable on the last day of each March, June, September and December and on the Final Termination Date for such Borrower (and, if applicable, thereafter on demand).
Facility and Utilization Fees. (a) The Borrower agrees to pay to the Administrative Agent, for the account of each Lender, a facility fee at a rate per annum equal to the Facility Fee Rate on such Lender’s Pro Rata Share of the Aggregate Commitment Amount (or, after such Lender’s Termination Date, of the principal amount of all Outstanding Credit Extensions) for the period from the Effective Date to such Lender’s Termination Date (or, if later, the date on which all obligations of the Borrower to such Lender hereunder have been paid in full and such Lender has no participation interests in any LC Obligations), payable on the last day of each March, June, September and December and on the such Lenders’ Termination Date (and, if applicable, thereafter on demand).
Facility and Utilization Fees. (a) The Borrower shall pay to the Agent, for the benefit of the Banks, a facility fee at an annual rate equal to the then-applicable Facility Fee Rate applied to the aggregate amount of the Commitments outstanding hereunder from the Effective Date through the Commitment Termination Date.
Facility and Utilization Fees. (a) During the Commitment Period, the Borrower agrees to pay to the Administrative Agent for the account of each Bank a facility fee equal to the product of (i) 0.090% per annum at any time the Applicable Margin is based on Rating 1, (ii) 0.125% per annum at any time the Applicable Margin is based on Rating 2, (iii) 0.150% per annum at any time the Applicable Margin is based on Rating 3, (iv) 0.175% at any time the Applicable Margin is based on Rating 4 or (v) 0.225% at any time the Applicable Margin is based on Rating 5, and the average Commitment of such Bank (without regard to the principal amount of Loans from time to time made by such Bank) during the quarter in which the facility fee is paid. Such facility fee shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing June 30, 2002 and on the Termination Date (or, in any case, any earlier date on which all amounts outstanding hereunder shall become due and payable by acceleration or otherwise).
Facility and Utilization Fees. (a) ProLogis shall pay to the applicable Funding Agent, for the account of each Applicable Tranche Lender, in accordance with such Applicable Tranche Lender’s Applicable Tranche Percentage, a facility fee in the Primary Currency of the applicable Tranche equal to the Applicable Margin for facility fees times the actual daily amount of the Aggregate Tranche Commitment for such Tranche (or, if the Aggregate Tranche Commitment for such Tranche has terminated, on the Outstanding Amount for such Tranche of all Loans under such Tranche and, if applicable, L/C Obligations under such Tranche), regardless of usage . The facility fees shall accrue at all times during the Initial Availability Period with respect to the Initial Commitments, and the Extended Availability Period with respect to the Extended Commitments (and thereafter so long as any Loans or L/C Obligations under the applicable Tranche remain outstanding), including at any time during which one or more of the conditions in Article X are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and, with respect to the Non-Extended Commitment of each Applicable Tranche Lender, the Initial Maturity Date (and, if applicable to the Non-Extended Commitments, thereafter on demand), and, with respect to the Extended Commitment of each Applicable Tranche Lender, the Extended Maturity Date (and, if applicable to the Extended Commitments, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Margin during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Margin separately for each period during such quarter that such Applicable Margin was in effect. Notwithstanding the foregoing or any other provision of this Agreement, ProLogis shall not be required to pay a facility fee to any Lender for any day on which such Lender is a Defaulting Lender.
Facility and Utilization Fees. 14 Section 2.04 Reduction of Commitment Amounts; Adjustment of Sublimits.......................................... 14
Facility and Utilization Fees. 28 2.19 Mitigation of Costs; Replacement of Banks.......................29 2.20 New Banks; Exiting Banks........................................30
Facility and Utilization Fees. (a) The Borrower agrees to pay to the Administrative Agent, for the account of the Lenders according to their respective Pro Rata Shares, a facility fee for the period from the date of this Agreement to the Commitment Termination Date (or, if later, the date on which all Advances have been paid in full) in an amount equal to the Facility Fee Rate multiplied by the Aggregate Commitment Amount (or, after the Commitment Termination Date, the Outstanding Advances), payable on the last day of each calendar quarter and on the Final Termination Date (and, if applicable, thereafter on demand).
Facility and Utilization Fees. (a) The Borrower shall pay to the Administrative Agent for the account of each Bank a facility fee on the amount of such Bank's Commitment as then in effect, for the period from and including the date of this Agreement to but not including the earlier of the date such Commitment is terminated and the Revolving Credit Termination Date, at a rate per annum equal to (i) 0.0600% during any Level I Period, (ii) 0.0800% during any Level II Period, (iii) 0.1000% during any Level III Period, (iv) 0.1250% during any Level IV Period and (v) 0.2000% during any Level V Period; provided that if such Bank continues to have a Loan outstanding after such Bank's Commitment terminates, then such facility fee shall continue to accrue on the daily aggregate principal amount of Loans of such Bank from and including the date on which its Commitment terminates to but excluding the date on which such Bank ceases to have any Loans outstanding. Accrued facility fees shall be payable on each Quarterly Date, on the Maturity Date and on the earlier of the date the Commitments are terminated and the Revolving Credit Termination Date. Any change in a facility fee by reason of a change in the Standard & Poor's Rating or the Moody's Rating shall become effective on the date two Business Days axxxx xxe date of announcement or publication by the respective rating agencies of a change in such rating or, in the absence of such announcement or publication, on the date two Business Days after the effective date of such changed rating.
Facility and Utilization Fees. On the last day of each March, June, September and December, commencing December 31, 2000, for the pro rata benefit of the Banks Borrower shall pay (i) a Facility Fee equal to the per annum percentage identified as the Facility Fee in the Pricing Schedule to be determined by multiplying the amount of the Maximum Loans under the Line of Credit by the appropriate Facility Fee, and (ii) if the Average Line of Credit Loans are more than fifty (50%) percent of the maximum aggregate loans under the Line of Credit, a Utilization Fee equal to the per annum percentage identified as the Utilization Fee as set forth in the Pricing Schedule multiplied by the Average Line of Credit Loans. The Facility and Utilization Fees shall be calculated and paid quarterly.
