Common use of Facility Fee; Utilization Fee Clause in Contracts

Facility Fee; Utilization Fee. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a facility fee for the period from and including the Fee Commencement Date to the Termination Date, computed at the Facility Fee Rate on the average daily amount of the Revolving Credit Commitment of such Lender (regardless of usage) during the period for which payment is made, payable quarterly in arrears on the last day of each March, June, September and December and on the Termination Date or such earlier date on which the Revolving Credit Commitments shall terminate as provided herein, commencing on the first of such dates to occur after the date hereof.

Facility Fee; Utilization Fee. Other Fees. (a) The Borrower Company agrees to pay to the Administrative Agent for the account of each Lender Bank a facility fee for the period from and including the Fee Commencement Closing Date to to, but excluding, the Termination Date, computed at the Facility Fee Rate in effect from time to time on the average daily amount of the Revolving Credit Commitment (used and unused) of such Lender (regardless of usage) Bank during the period for which payment is made, payable quarterly in arrears on the last day of each March, June, September and December and on the Termination Date or such earlier date on which the Revolving Credit Commitments shall terminate as provided herein, commencing on the first of such dates to occur after the date hereof.