Common use of Standby Fees Clause in Contracts

Standby Fees. (1) The Borrower shall pay to the Agent for the account of the Lenders a standby fee in United States Dollars in respect of the Credit Facility calculated at a rate per annum equal to the Applicable Pricing Rate on the amount, if any, by which the amount of the Outstanding Principal under the Credit Facility for each day in the period of determination is less than the maximum principal amount of the Credit Facility on such day. Fees determined in accordance with this Section shall accrue daily from and after the date hereof and be payable by the Borrower (a) quarterly in arrears, (b) on cancellation in full of the Credit Facility, and (c) on the Maturity Date. (2) As of: (a) January 1, April 1, July 1 and October 1 in each year, (b) the date of any cancellation in full of the Credit Facility, and (c) the Maturity Date, the Agent shall determine the standby fees under this Section in respect of the Credit Facility for the period from and including the date hereof or the date of the immediately preceding determination, as the case may be, to but excluding that date of determination and shall deliver to the Borrower a written request for payment of the standby fees so determined, as detailed therein. The Borrower shall pay to the Agent for the account of the Lenders the standby fees referred to above within 5 Banking Days after receipt of each such written request.

Standby Fees. (1) The Borrower shall pay to the Agent for the account of the relevant Lenders a standby fee in United States Canadian Dollars in respect of the each Credit Facility calculated at a rate per annum equal to the Applicable Pricing Rate on the amount, if any, by which the amount of the Outstanding Principal under the Credit Facility in question for each day in the period of determination is less than the maximum principal amount for each such day of the such Credit Facility on such dayFacility. Fees determined in accordance with this Section shall accrue daily from and after the date hereof and be payable by the Borrower (a) quarterly in arrears, (b) arrears and on cancellation in full of the a Credit Facility, Facility and (c) on the Maturity DateDate applicable to such Credit Facility. (2) As of: (a) January 1the first day of January, April 1April, July 1 and October 1 in each year, (b) the date of any cancellation in full of the a Credit Facility, and (c) the Maturity DateDate applicable to a Credit Facility, the Agent shall determine the standby fees under this Section in respect of the applicable Credit Facility Facilities for the period from and including the date hereof or the date of the immediately preceding determination, as the case may be, to but excluding that date of determination and shall deliver to the Borrower a written request for payment of the standby fees so determined, as detailed therein. The Borrower shall pay to the Agent for the account of the Lenders the standby fees referred to above within 5 Banking Days after receipt of each such written request.

Standby Fees. (1) The Borrower shall pay to the Agent for the account of the relevant Lenders a standby fee in United States Canadian Dollars in respect of the each Credit Facility calculated at a rate per annum equal to the Applicable Pricing Rate on the amount, if any, by which the amount of the Outstanding Principal under the Credit Facility in question for each day in the period of determination is less than the maximum principal amount for each such day of the such Credit Facility on such dayFacility. Fees determined in accordance with this Section shall accrue daily from and after the date hereof and be payable by the Borrower (a) quarterly in arrears, (b) arrears and on cancellation in full of the a Credit Facility, Facility and (c) on the Maturity DateDate applicable to such Credit Facility. (2) As of: (ai) January 1the first day of January, April 1April, July 1 and October 1 in each year, (bii) the date of any cancellation in full of the a Credit Facility, and (ciii) the Maturity DateDate applicable to a Credit Facility, the Agent shall determine the standby fees under this Section in respect of the applicable Credit Facility Facilities for the period from and including the date hereof or the date of the immediately preceding determination, as the case may be, to but excluding that date of determination and shall deliver to the Borrower a written request for payment of the standby fees so determined, as detailed therein. The Borrower shall pay to the Agent for the account of the Lenders the standby fees referred to above within 5 Banking Days after receipt of each such written request.

Standby Fees. (1a) The Borrower shall pay to the Agent for the account of the Lenders Lender a standby fee in United States Dollars in respect of the Credit Operating Facility calculated at a rate per annum equal to the Applicable Pricing Rate Margin on the amount, if any, any by which the amount of the Outstanding Principal Borrowings (to the extent not previously drawn and thereafter permanently repaid in full) under the Credit Operating Facility for each day in the period of determination is less than the maximum principal amount of Operating Facility Limit (the Credit Facility on such day"Standby Fee"). Fees determined in accordance with this Section shall accrue daily from and after the date hereof Closing Date and be payable by the Borrower (a) quarterly monthly in arrears, (b) arrears and on cancellation in full of the Credit Facility, Operating Facility and (c) on the Maturity Date. (2b) As of: (ai) January 1, April 1, July 1 and October 1 in the first day of each month of each year, (bii) the date of any cancellation in full of the Credit Facility, Operating Facility and (ciii) the Maturity Date, the Agent Lender shall determine the standby fees under this Section in respect of the Credit Operating Facility for the period from and including the date hereof Closing Date or the date of the immediately preceding determination, as the case may be, to but excluding that the date of determination and shall deliver to the Borrower a written request for payment of the standby fees so determined, as detailed therein. The Borrower shall pay to the Agent for the account of the Lenders Lender the standby fees referred to above within 5 Banking five (5) Business Days after receipt of each such written request.

Standby Fees. (1) The Borrower shall pay to the Agent for the account of the Lenders a standby fee in United States Canadian Dollars in respect of the Credit Facility calculated at a rate per annum equal to the Applicable Pricing Rate on the amount, if any, by which the amount of the Outstanding Principal under the Credit Facility for each day in the period of determination is less than the maximum principal amount for each such day of the Credit Facility on such dayFacility. Fees determined in accordance with this Section shall accrue daily from and after the date hereof and be payable by the Borrower (a) quarterly in arrears, (b) arrears and on cancellation in full of the Credit Facility, Facility and (c) on the Maturity Date. (2) As of: (a) January 1the first day of January, April 1April, July 1 and October 1 in each year, (b) the date of any cancellation in full of the Credit Facility, and (c) the Maturity Date, the Agent shall determine the standby fees under this Section in respect of the Credit Facility for the period from and including the date hereof or the date of the immediately preceding determination, as the case may be, to but excluding that date of determination and shall deliver to the Borrower a written request for payment of the standby fees so determined, as detailed therein. The Borrower shall pay to the Agent for the account of the Lenders the standby fees referred to above within 5 10 Banking Days after receipt of each such written request.