Facility Fee and Other Fees. From and after the Closing Date, the Borrower shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Percentages a facility fee accruing at a rate per annum equal to the Facility Fee Rate on the average daily amount of the Commitments (whether used or unused), or if the Commitments have expired or terminated, on the principal amount of 744665.07-New York Server 2A - MSW Loans then outstanding. Such facility fee is payable in arrears on the last Business Day of each calendar quarter and on the Termination Date, and if the Commitments are terminated in whole prior to the Termination Date, the fee for the period to but not including the date of such termination shall be paid in whole on the date of such termination. On the Closing Date, the Borrower shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Percentages all other fees payable to the Lenders pursuant to the Fee Letters.
Facility Fee and Other Fees. From and after the date that Borrower has received Qualified Ratings and the outstanding Advances have commenced to accrue interest using the Applicable Margins shown on Schedule B of Exhibit H attached hereto and for so long thereafter as the outstanding Advances accrue interest at such Applicable Margins, which specifically excludes any period of time on account of which the Borrower is obligated to pay an Unused Fee, the Borrower agrees to pay to the Administrative Agent for the account of each Lender according to its Ratable Share, a nonrefundable facility fee (the “Facility Fee”) equal to the Applicable Facility Fee Rate (computed on the basis of a year of 360 days and actual days elapsed) multiplied by the average amount of the Aggregate Commitment for that portion of each calendar quarter during which a Facility Fee is accruing; provided, however, that any Facility Fee accrued with respect to the Commitment of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such Facility Fee shall otherwise have been due and payable by the Borrower prior to such time; and provided further that no Facility Fee shall accrue with respect to the Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. Subject to the proviso in the directly preceding sentence, all Facility Fees shall be payable quarterly in arrears on the first Business Day of each calendar quarter. The Borrower also agrees to pay such other fees as may be payable from time to time to the Administrative Agent, the Syndication Agent or the “Co-Lead Arrangers” pursuant to the Borrower’s letter agreement with them dated as of November 18, 2011 (collectively, the “Fee Letter”).
Facility Fee and Other Fees. (a) The Issuer hereby agrees to pay to the order of each GSE a nonrefundable commitment fee (the “Facility Fee”) with respect to the Amount Available obligated to be paid by such GSE from time to time at the rate per annum set forth in Schedule 1 hereto (the “Facility Fee Rate”) for the duration of the Commitment Period on the average daily amount of the Amount Available during each period in respect of which payment is made. The Facility Fee, once established, shall not change as a consequence of subsequent rating changes on the Bonds. Such Facility Fee shall be payable in immediately available funds in arrears on the dates set forth on Schedule 1 hereto (each such payment to be computed on the basis of actual days elapsed and a [360] 365/366 day year, as applicable, [Note-Facility Fee must be on same basis as Bond Interest calculation] including date of issuance and expiration) in respect of the Amount Available from time to time in effect, payable during the Commitment Period and on the last day of the Commitment Period. If the Amount Available is terminated in its entirety, all accrued Facility Fees shall be payable on the effective date of such termination. 11
Facility Fee and Other Fees
