Common use of Facility Fee and Utilization Fee Clause in Contracts

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%.

Appears in 1 contract

Samples: Exhibit 4 (Donnelley R R & Sons Co)

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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 24, 20021999, 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%.

Appears in 1 contract

Samples: Day Credit Agreement (Donnelley R R & Sons Co)

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 23, 20022000, 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%.

Appears in 1 contract

Samples: Day Credit Agreement (Donnelley R R & Sons Co)

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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, 20022001, 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%.

Appears in 1 contract

Samples: Day Credit Agreement (Donnelley R R & Sons Co)

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