Common use of Usage Fees Clause in Contracts

Usage Fees. The Company shall pay to the Agent for the account of each Lender, a usage fee of 10 basis points per annum on the amount of such Lender's Commitment for each day on which the outstanding amount of the Advances exceeds 33 1/3% of the aggregate Commitments from the Effective Date in the case of each Initial Lender and from the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender in the case of each other Lender until the Termination Date (on a daily basis) payable in arrears quarterly on the last day of each March, June, September and December commencing June 30, 1999 and ending on the Termination Date.

Usage Fees. The Company shall pay to the Agent for the account of each Lender, a usage fee of 10 basis points per annum on the amount of such Lender's Commitment for each day on which the outstanding amount of the Advances exceeds 33 1/3% of the aggregate Commitments from the Effective Date in the case of each Initial Lender and from the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender in the case of each other Lender until the Termination Date (on a daily basis) payable in arrears quarterly on the last day of each March, June, September and December commencing June 30, 1999 2000 and ending on the Termination Date.

Usage Fees. The Company shall pay to the Agent for the account of each Lender, a usage fee of 10 basis points per annum on the amount of such Lender's Commitment for each day on which the outstanding amount of the Advances exceeds 33 1/3% of the aggregate Commitments from the Effective Date in the case of each Initial Lender and from the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender in the case of each other Lender until the Termination Date (on a daily basis) payable in arrears quarterly on the last day of each March, June, September and December commencing June 30December 31, 1999 2002 and ending on the Termination Date.