Common use of Standby Fee Clause in Contracts

Standby Fee. Upon the first Banking Day following completion of each Fiscal Quarter and on the termination of the Credit Facility, the Borrower shall pay in accordance with Section 3.6, to the Lenders, in arrears, a standby fee, calculated at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Rate on the daily Available Credit during the most recently completed Fiscal Quarter, such fee to accrue daily from the date of the execution and delivery of this agreement to and including the termination of Credit Facility.

Standby Fee. Upon the first Banking Day following completion of each Fiscal Quarter and on upon the termination of the Credit Facility, the Borrower shall pay in accordance with Section 3.6, to the Lenders, in arrears, a standby fee, calculated at the rate per annum, on the basis of a year of 365 days (or, in the case of a leap year, 366 days), equal to the Applicable Rate on the daily Available Credit during the most recently completed competed Fiscal Quarter, such fee to accrue daily from the date of the execution and delivery of this agreement to and including the termination of the Credit Facility.

Standby Fee. Upon the first Banking Day following the completion of each Fiscal Quarter and on the termination of the Credit Facility, the Borrower shall pay pay, in accordance with Section 3.63.2, to the Lenders, in arrears, a standby fee, fee calculated at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Rate 0.75% on the daily Available Credit during the most recently completed Fiscal Quarter, such fee to accrue daily from the date of the execution and delivery of this agreement Agreement to and including the termination of the Credit Facility.

Standby Fee. Upon the first Banking Day following the completion of each Fiscal Quarter and on the termination of the Credit Facility, the Borrower Borrowers shall pay in accordance with Section 3.6, to the Lenders, in arrears, a standby fee, fee calculated at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Rate on the daily Available Credit during the most recently completed Fiscal QuarterCredit, such fee to accrue daily from the date of the execution and delivery of this agreement to and including the termination date of Credit Facilitypayment.