Facility Fee; Utilization Fee; Reductions in Aggregate Commitment. (a) Each Borrower agrees to pay to the Agent for the account of the Lenders according to their Pro Rata Shares a facility fee at a per annum rate equal to the Facility Fee Rate for such Borrower on the daily amount of (i) in the case of PHI, the PHI Sublimit, and (ii) in the case of each Subsidiary Borrower, such Subsidiary Borrower's Sublimit Percentage of the Subsidiary Borrower Sublimit (in each case regardless of the amount of Outstanding Credit Extensions to such Borrower); provided that if the obligations of the Lenders to make Credit Extensions to a Borrower have been terminated pursuant to Section 8.1, the facility fee shall be based on the Outstanding Credit Extensions to such Borrower. Facility fees payable by each Borrower shall accrue from the Closing Date to the Facility Termination Date for such Borrower (or, if later, to the date all of such Borrower's Obligations have been paid in full) and shall be payable on each Payment Date and on the Facility Termination Date (and, if applicable, thereafter on demand).
Facility Fee; Utilization Fee; Reductions in Aggregate Commitment. The Borrowers agree, jointly and severally, to pay to the Administrative Agent for the account of each Lender a facility fee at a per annum rate equal to the Applicable Facility Fee Rate on the amount of such Lender's Commitment from the date hereof, to and including the Facility Termination Date, payable on each Payment Date and on the Facility Termination Date or, in the case of Term Loans, on each Payment Date and the date of maturity of the Term Loans. The Borrowers agree, jointly and severally, to pay to the Administrative Agent for the account of each Lender a utilization fee at a per annum rate equal to the Applicable Utilization Fee Rate of such Lender's daily average outstanding Loans for so long as the average outstanding Loans are greater than 33.3% of the Aggregate Commitments (or, in the case of Term Loans, on each date after the Facility Termination Date regardless of the percentage of the commitments drawn at the Facility Termination Date), payable on each Payment Date, the Facility Termination Date and the date of maturity of the Term Loans. The Borrowers may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in integral multiples of $10,000,000, upon at least three Business Days' prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Advances. All accrued facility fees and utilization fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.
Facility Fee; Utilization Fee; Reductions in Aggregate Commitment. (i) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a facility fee (the “Facility Fee”) at a per annum rate equal to the Applicable Fee Rate on such Lender’s Commitment (without regard to usage) from the date hereof to and including the Facility Termination Date, payable in arrears on each Payment Date hereafter and on the Facility Termination Date.
Facility Fee; Utilization Fee; Reductions in Aggregate Commitment. The Borrower agrees to pay to the Agent for the account of each Lender a
Facility Fee; Utilization Fee; Reductions in Aggregate Commitment. (a) The Borrower agrees to pay to the Administrative Agent for the ratable account of each Lender a facility fee equal to the Applicable Facility Fee Percentage times such Lender's Commitment from the date hereof to and including the Facility Termination Date, payable in arrears on each Payment Date hereafter and on the Facility Termination Date. (b) The Borrower agrees to pay to the Administrative Agent for the ratable account of each Lender a utilization fee equal to the Applicable Utilization Fee Percentage times such Lender's average daily principal amount of the Ratable Loans and the Swing Line Loans outstanding during each calendar quarter from the date hereof to the Facility Termination Date, payable in arrears on each Payment Date hereafter and on the Facility Termination Date; provided, however, that in the event the average daily principal amount of the Ratable Loans and the Swing Line Loans outstanding during any calendar quarter is less than or equal to 33 1/3% of the Aggregate Commitment as in effect on the last day of such quarter, no utilization fee shall be payable with respect to such quarter.
Facility Fee; Utilization Fee; Reductions in Aggregate Commitment
