Common use of Facility Margin Clause in Contracts

Facility Margin. On each Payment Date, the Borrower shall pay, in accordance with Sections 2.7, 2.8 and 2.9, pro rata to each Lender (either directly or through the applicable Lender Agent), a facility margin (the “Facility Margin”) payable in arrears for each Accrual Period equal to the sum of the products for each day during such Accrual Period of (a) one divided by 360, (b) the applicable Facility Margin Rate for Advances (or portions thereof) funded at the Applicable Reference Rate and (c) the Advances Outstanding on such date funded at the Interest Rate.

Facility Margin. On each Payment Date, the Borrower shall pay, in accordance with Sections 2.7, 2.8 and 2.9, pro rata to each Lender (either directly or through the applicable Lender Agent)Lender, a facility margin (the “"Facility Margin”") payable in arrears for each Accrual Period equal to the sum of the products for each day during such Accrual Period of (a) one divided by 360, (b) the applicable Facility Margin Rate for Advances (or portions thereof) funded at the Applicable Reference applicable Interest Rate and (c) the Advances Outstanding on such date funded at the Interest Rate.