Common use of Facility Fees Clause in Contracts

Facility Fees. For each day during the term hereof that the Applicable Rate is determined pursuant to clause (b) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Facility Fee for such day. The Facility Fee shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of the Revolving Maturity Date.

Appears in 5 contracts

Samples: Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.)

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Facility Fees. For each day during the term hereof that the Applicable Rate is determined pursuant to clause (b) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Daily Facility Fee for such dayday (all such fees incurred during any given calendar quarter constituting the “Facility Fees” for such quarter). The Facility Fee Fees shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of the Revolving Maturity Date.

Appears in 5 contracts

Samples: Credit Agreement (Cole Corporate Income Trust, Inc.), Credit Agreement (Cole Real Estate Investments, Inc.), Credit Agreement (Cole Real Estate Investments, Inc.)

Facility Fees. For each day during the term hereof that the Applicable Rate is determined pursuant to clause (bc) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Facility Fee for such day. The Facility Fee shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of the Revolving Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Phillips Edison Grocery Center REIT III, Inc.), Credit Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.)

Facility Fees. For each day during the term hereof that the Applicable Rate is determined pursuant to clause subsection (b) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Daily Facility Fee for such dayday (all such fees incurred during any given calendar quarter constituting the “Facility Fees” for such quarter). The Facility Fee Fees shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of on the Revolving Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Cim Real Estate Finance Trust, Inc.), Credit Agreement (Cole Credit Property Trust Iv, Inc.)

Facility Fees. For each day during the term hereof that the Applicable Rate is determined pursuant to clause (b) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders having a Revolving Commitment in an amount equal to the Facility Fee for such day. The Facility Fee shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Phillips Edison Grocery Center Reit Ii, Inc.)

Facility Fees. For each day during the term hereof that the Applicable Rate is determined pursuant to clause (b) of the definition of Applicable Rate, the Exhibit 10.1 Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Facility Fee for such day. The Facility Fee shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Phillips Edison & Company, Inc.)

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Facility Fees. For each day during the term hereof that the Applicable Rate is determined pursuant to clause (b) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Daily Facility Fee for such dayday (all such fees incurred during any given calendar quarter constituting the “Facility Fees” for such quarter). The Facility Fee Fees shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Cole Credit Property Trust Iv, Inc.)

Facility Fees. For each day during the term hereof that the Applicable Rate is determined pursuant to clause (b) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Facility Fee for such day. The Facility Fee shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)

Facility Fees. For each day during the term hereof that the Applicable Rate is determined pursuant to clause (b) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Daily Facility Fee for such dayday (all such fees incurred during any given calendar quarter constituting the "Facility Fees" for such quarter). The Facility Fee Fees shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)

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