Common use of Standby Fees Clause in Contracts

Standby Fees. Upon the first Banking Day following the 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 Available Credit, 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 pursuant to Section 2.4.

Standby Fees. Upon the first Banking Day following the completion of each Fiscal Quarter and on upon the termination of date the Credit FacilityFacility terminates, the Borrower shall pay, in accordance with Section 3.6, pay to the LendersBank, in arrears, a standby fee calculated fee, accruing daily from the date hereof at the rate per annum, calculated daily on the basis of a year of 365 daysdays or 366 days in the case of a leap year, equal to the Applicable Rate on 0.75% of the Available Credit, 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 pursuant to Section 2.4.

Standby Fees. Upon the first Banking Day following the 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 the actual number of days elapsed and a year of 365 or 366 days, equal to as the Applicable Rate case may be, set forth in Schedule A hereto, on the Available Credit, 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 pursuant to Section 2.4Facility.

Standby Fees. Upon the first Banking Day following the 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 365 360 days, equal to the Applicable Rate 1.5% on the Available CreditCredit calculated as at the last day of such 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 date of the Credit Facility pursuant to Section 2.4payment.

Standby Fees. Upon the first Banking Day following the completion of each the Fiscal Quarter immediately following the Initial Closing Date and on the termination of the Credit FacilityAvailability Period, the Borrower shall pay, in accordance with Section 3.63.3, to the LendersLender, 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 Available Credit, such fee to accrue daily from the date of the execution and delivery of this agreement to and including the termination date of the Credit Facility pursuant to Section 2.4payment.