Facility Fee and Utilization Fee. (a) The Company and each Borrowing Subsidiary jointly and severally agree to pay to the Administrative Agent, for the account of each Bank other than a Designated Bidder, a facility fee ("Facility Fee") on the average daily Commitment of such Bank from the date hereof until the Termination Date (or, if the Company has made the Term Loan Election, until the Maturity Date), payable in arrears on the first Business Day of each January, April, July and October during the term of such Bank's Commitment, commencing January 2, 2002, and on the Termination Date (or, if the Company has made the Term Loan Election, on the Maturity Date), at a rate per annum equal to 0.06%.
Facility Fee and Utilization Fee. (a) The Borrower agrees to pay to -------------------------------- the Agent for the accounts of the Banks in accordance with their respective Commitment Percentages a facility fee calculated at the rate of the Applicable Facility Fee Percentage on the average daily amount during each calendar quarter or portion thereof from the Closing Date to the Revolving Credit Loan Maturity Date of the Total Commitment during such calendar quarter. The facility fee shall be payable quarterly in arrears on the first day of each calendar quarter for the immediately preceding calendar quarter commencing on the first such date following the date hereof, with a final payment on the Revolving Credit Maturity Date or any earlier date on which the Commitments shall terminate.
Facility Fee and Utilization Fee. (a) The Company agrees to pay to the Agent for the account of each Bank a facility fee in respect of the period from and including the Effective Date to the later of the Termination Date or the date on which the Revolving Credit Loans are repaid in full, computed at the rate per annum set forth in the table below on the average daily amount of the Commitment of such Bank (or, if the Commitment of such Bank has expired or been terminated, the outstanding Revolving Credit Loans of such Bank) during each portion of the period for which payment is made that is a separate Level I Period, Level II Period, Level III Period or Level IV Period, payable quarterly on the last day of each March, June, September and December and on any date on which the Commitments shall terminate as provided herein and the Revolving Credit Loans shall have been repaid in full, commencing on the first of such dates to occur after the date hereof: Type of Period Facility Fee -------------- ------------ Level I Period .3000% Level II Period .3500% Level III Period .4000% Level IV Period .5000%
Facility Fee and Utilization Fee. (a) The Company and each Borrowing Subsidiary jointly and severally agree to pay to the Administrative Agent, for the account of each Bank, a facility fee ("Facility Fee") on the average daily Commitment of such Bank from the date hereof until the Termination Date (or, if the Company has made the Term Loan Election, until the Maturity Date), payable in arrears on the first Business Day of each January, April, July and October during the term of such Bank's Commitment, commencing January 2, 2003, and on the Termination Date (or, if the Company has made the Term Loan Election, on the Maturity Date), at the Applicable Facility Fee Rate; provided, that if any Bank continues to have Advances outstanding hereunder after the termination of its Commitment (including, without limitation, during any period when Advances may be outstanding but new Advances may not be borrowed hereunder), then such Facility Fee shall continue to accrue on the aggregate principal amount of the Advances owed to such Bank until such Advances are repaid in full.
Facility Fee and Utilization Fee. Subsection 2.3 of the 364- Day Composite Conformed Credit Agreement as adopted and incorporated by reference into this June 1997 364-Day Agreement and Amendment is hereby amended by deleting such subsection in its entirety and substituting in lieu thereof, effective as of February 6, 1998, the following:
Facility Fee and Utilization Fee. (a) The Company and each -------------------------------- Borrowing Subsidiary jointly and severally agree to pay to the Administrative Agent, for the account of each Bank other than a Designated Bidder, a facility fee ("Facility Fee") on the average daily Commitment of such Bank from the date hereof until the Termination Date, payable in arrears on the first Business Day of each January, April, July and October during the term of such Bank's Commitment, commencing January 4, 1999, and on the Termination Date, at a rate per annum equal to the following percentage in effect from time to time:
Facility Fee and Utilization Fee. (a) The Company and each Borrowing Subsidiary jointly and severally agree to pay to the Administrative Agent, for the account of each Bank, a facility fee ("Facility Fee") on the average daily Commitment of such Bank from the date hereof until the Termination Date, payable in arrears on the first Business Day of each January, April, July and October during the term of such Bank's Commitment, commencing January 2, 2003, and on the Termination Date, at the Applicable Facility Fee Rate; provided, that if any Bank continues to have Advances outstanding hereunder after the termination of its Commitment (including, without limitation, during any period when Advances may be outstanding but new Advances may not be borrowed hereunder), then such Facility Fee shall continue to accrue on the aggregate principal amount of the Advances owed to such Bank until such Advances are repaid in full.
Facility Fee and Utilization Fee. (a) Ryder agrees to pay to the Administrative Agent, for the pro rata account of each of the Domestic Banks, a fee (the "Domestic Facility Fee") on the Total Domestic Commitment (whether or not used) equal to the Applicable Facility Fee Rate multiplied by the Total Domestic Commitment. The Domestic Facility Fee shall be payable by Ryder quarterly in arrears on the last day of each calendar quarter for the quarter then ending, commencing with the first such date after the Closing Date and with a final payment on the Maturity Date (or on the date of the termination in full of the Total Domestic Commitment, if earlier).
Facility Fee and Utilization Fee
