Common use of Standby Fees Clause in Contracts

Standby Fees. Upon the first Banking Day immediately following the completion of each Fiscal Quarter and upon the termination of Credit Facility 2, the Borrowers shall pay to the Bank, in arrears, a standby fee, calculated and accruing daily from the date of the execution and delivery of this agreement at the rate equal to the Applicable Margin set forth in Schedule A hereto, calculated on the basis of a year of 365 days, on the Available Credit during such Fiscal Quarter or other period as the case may be.

Standby Fees. Upon the first Banking Day immediately following the completion of each Fiscal Quarter and upon the termination of Credit Facility 2a particular Revolving Facility, the Borrowers shall pay to the Bank, in arrears, a standby fee, calculated and accruing daily from the date of the execution and delivery of this agreement at the rate equal to the Applicable Margin set forth in Schedule A hereto, calculated on the basis of a year of 365 days, on the Available Credit pertaining to such Revolving Facility during such Fiscal Quarter or other period as the case may be.

Standby Fees. Upon the first Banking Day immediately following the completion of each Fiscal Quarter and upon the termination of date the Credit Facility 2terminates, the Borrowers Borrower shall pay to the Bank, in arrears, a standby fee, calculated and accruing daily from the date of the execution and delivery of this agreement hereof at the rate equal to the Applicable Margin set forth in Schedule A heretoper annum, calculated daily on the basis of a year of 365 daysdays or 366 days in the case of a leap year, on equal to 0.75% of the Available Credit during such Fiscal Quarter or other period as the case may beCredit.

Standby Fees. Upon the first Banking Day immediately following the completion of each Fiscal Quarter and upon on the termination of the Credit Facility 2Facility, the Borrowers Borrower shall pay pay, in accordance with Section 3.6, to the BankLenders, in arrears, a standby feefee calculated at the rate per annum, calculated on the basis of the actual number of days elapsed and accruing a year of 365 or 366 days, as the 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 at to and including the rate equal to termination of the Applicable Margin set forth in Schedule A hereto, calculated on the basis of a year of 365 days, on the Available Credit during such Fiscal Quarter or other period as the case may beFacility.

Standby Fees. Upon the first Banking Day immediately following the completion of each Fiscal Quarter and upon on the termination of the Credit Facility 2Facility, the Borrowers Borrower shall pay pay, in accordance with Section 3.6, to the BankLenders, in arrears, a standby feefee calculated at the rate per annum, on the basis of a year of 360 days, equal to 1.5% on the Available Credit calculated and accruing 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 at Agreement to and including the rate equal to the Applicable Margin set forth in Schedule A hereto, calculated on the basis date of a year of 365 days, on the Available Credit during such Fiscal Quarter or other period as the case may bepayment.