Common use of Unused Fees Clause in Contracts

Unused Fees. (i) In consideration of the Aggregate Commitment being made available by the Lenders hereunder, the Borrower agrees to pay to the Administrative Agent, for the pro rata benefit of each Lender, a per annum fee equal to the Applicable Percentage for Unused Fees (as set forth on the Pricing Schedule) on the Unused Aggregate Commitment (the "Unused Fees"). (ii) The accrued Unused Fees shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Appears in 3 contracts

Samples: 364 Day Revolving Credit Agreement (Atmos Energy Corp), Revolving Credit Agreement (Atmos Energy Corp), Revolving Credit Agreement (Atmos Energy Corp)

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Unused Fees. (i) In consideration of the Aggregate Commitment being made available by the Lenders each Lender hereunder, the Borrower agrees to pay to the Administrative Agent, for the pro rata benefit of each Lender, a per annum fee equal to the Applicable Percentage for Unused Fees (as set forth on the Pricing Schedule) on multiplied by the Unused Aggregate Revolving Loan Commitment (the "Unused Fees"). (ii) The accrued Unused Fees shall be due and payable in arrears five Business Days fifteen days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Closing Date, as well as on each Maturity Date.

Appears in 2 contracts

Samples: Multi Year Credit Agreement (Southern Power Co), Multi Year Credit Agreement (Alabama Power Co)

Unused Fees. (i) In consideration of the Aggregate Revolving Loan Commitment being made available by the Lenders hereunder, the Borrower agrees to pay to the Administrative Agent, for the pro rata benefit of each Lender, a per annum fee equal to the Applicable Percentage for Unused Fees (as set forth on the Pricing Schedule) on the Unused Aggregate Revolving Loan Commitment (the "Unused Fees"). (ii) The accrued Unused Fees shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Atmos Energy Corp)

Unused Fees. (i) In consideration of the Aggregate Revolving Loan Commitment being made available by the Lenders hereunder, the Borrower agrees to pay to the Administrative Agent, for the pro rata benefit of each Lender, a per annum fee equal to the Applicable Percentage for Unused Fees (as set forth on the Pricing Schedule) on the Unused Aggregate Revolving Loan Commitment (the "Unused Fees").. ----------- (ii) The accrued Unused Fees shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Atmos Energy Corp)

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Unused Fees. (i) In consideration of the Aggregate Commitment being made available by the Lenders each Lender hereunder, the Borrower agrees to pay to the Administrative Agent, for the pro rata benefit of each Lender, a per annum fee equal to the Applicable Percentage for Unused Fees (as set forth on the Pricing Schedule) on multiplied by the Unused Aggregate Revolving Loan Commitment (the "β€œUnused Fees"”). (ii) The accrued Unused Fees shall be due and payable in arrears five Business Days fifteen days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Closing Date, as well as on each Maturity Date.

Appears in 1 contract

Samples: Multi Year Credit Agreement (Alabama Power Co)

Unused Fees. (i) In consideration of the Aggregate Bridge Loan Commitment being made available by the Lenders hereunder, the Borrower agrees to pay to the Administrative Agent, for the pro rata benefit of each Lender, a per annum fee equal to the Applicable Percentage for Unused Fees (as set forth on the Pricing Schedule) on the Unused Aggregate Bridge Loan Commitment (the "Unused Fees"). (ii) The accrued Unused Fees shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Datedate of execution of this Credit Agreement.

Appears in 1 contract

Samples: Bridge Credit Agreement (Atmos Energy Corp)

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