Common use of Facility Fees, etc Clause in Contracts

Facility Fees, etc. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a facility fee, which shall accrue at the Applicable Margin on the daily amount of the Revolving Commitment of such Lender (whether used or unused) during the period from and including the Closing Date to but excluding the date on which such Revolving Commitment terminates; provided that, if such Lender continues to have any Revolving Loans after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such Lender’s Revolving Loans from and including the date on which its Revolving Commitment terminates to but excluding the date on which such Lender ceases to have any Revolving Loans. Facility fees accrued through and including the last day of March, June, September and December of each year shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the date hereof; provided that all such fees shall be payable on the date on which the Revolving Commitments terminate and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Facility Fees, etc. (a) The Borrower agrees Borrowers agree to pay to the Administrative Agent for the account of each Revolving Lender a facility feefee for the period from and including the date hereof to the last day of the Revolving Commitment Period, which shall accrue computed at the Applicable Margin Facility Fee Rate on the average daily amount amount, whether or not utilized, of the Revolving Commitment of such Lender (whether used or unused) during the period from for which payment is made, payable quarterly in arrears on the last day of each March, June, September and including December and on the Closing Date Revolving Termination Date, commencing on the first of such dates to but excluding occur after the date on which such Revolving Commitment terminateshereof; provided that, if such Lender continues to have any Lender's Revolving Loans or L/C Obligations are outstanding after its such Lender's Revolving Commitment terminates, then such facility fee shall continue to accrue and be payable on the daily amount of such Lender’s the outstanding Revolving Loans or L/C Obligations, as the case may be, of such Lender from and including the date on which its such Lender's Revolving Commitment terminates to but excluding the date on which such Lender ceases to have any Revolving Loans. Facility fees accrued through and including Loans or L/C Obligations, as the last day of Marchcase may be, June, September and December of each year shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the date hereof; provided that all such fees shall be payable on the date on which the Revolving Commitments terminate and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day)outstanding.