Utilisation fee Sample Clauses

Utilisation fee. (a) The Parent shall pay to the Agent for distribution to each Bank (pro rata to the proportion the principal amount of its outstanding Tranche B Advances and Bills drawn under Tranche B bears to the aggregate principal outstanding Tranche B Advances and Bills drawn under Tranche B in each currency on each day) a utilisation fee on the aggregate principal amount each day of all outstanding Utilisations under Tranche B at the rate specified in Column (1) below if on that day the Original Euro Amount of all outstanding Utilisations under Tranche B falls within the range set opposite that rate in Column (2) below: (2) UTILISATION FEE ORIGINAL EURO AMOUNT OF ALL % PER ANNUM OUTSTANDING DRAWN TRANCHE B ADVANCES AND TRANCHE B BILLS Nil 0-2,500,000,000 0.025 Above 2,500,000,000 up to and including 3,500,000,000 0.050 Above 3,500,000,000 (b) Utilisation fee is calculated and, if payable, accrues on a daily basis and is payable quarterly in arrear in the same currencies as the Utilisations to which it relates with the first such payment, if any, due three months after the Signing Date. Accrued utilisation fee, if any, is also payable to the Agent for the relevant Banks on the Tranche B Final Maturity Date. (c) The Parent shall pay an additional utilisation fee of 0.05 per cent. flat on the principal amount of any Term-out Advance in the same currency as that Term-out Advance to the Agent for distribution to each Bank (pro rata to the participation of that Bank in that Term-out Advance). Such amount, if any, is payable on the Utilisation Date for that Term-out Advance. -------------------------------------------------------------------------------- 56 --------------------------------------------------------------------------------

Utilisation fee. (i) If at any time the total amount of the Loans exceeds 50 per cent. of the Total Commitments then the Borrowers shall pay to the Agent (for the account of each Lender) a utilisation fee in the Base Currency computed at the rate of 0.15 per cent. per annum of the total amount of such Loans calculated on a daily basis. (ii) The fee referred to in sub-clause (i) above shall be payable jointly and severally by each of the Borrowers in the Base Currency on the last day of each successive period of three Months and on the Termination Date, provided that the Norwegian Borrowers shall only be liable to the extent which is permitted under the Norwegian Companies Act 1997 Section 8-7.

Utilisation fee. (a) The Borrowers shall pay a utilisation fee calculated by reference to the daily amount outstanding under the Facilities during each consecutive period of three (3) Months (the first of such period beginning on the date of this Agreement) multiplied by the percentage as set out in the table below: Less than or equal to 331/3 per cent. of the aggregate Revolving Facility Commitments from time to time 0.15 % Higher than 331/3 per cent. but less than or equal to 662/3 per cent. of the aggregate Revolving Facility Commitments from time to time 0.30 % Higher than 662/3 per cent. of the aggregate Revolving Facility Commitments from time to time 0.60 % (b) The accrued utilisation fee with respect to Revolving Facility A shall be payable in US Dollars and the accrued utilisation fee with respect to Revolving Facility B shall be payable in Euro in each case starting from the date of first Utilisation under the Facilities, quarterly in arrears and on the date on which all outstanding amounts under the Facilities are prepaid and the Facilities are cancelled in full.

Utilisation fee. (a) The Borrower shall pay to the Agent (for the account of each Lender) a fee computed at the applicable rate on each Lender's participation in the Loans for the Availability Period. The "applicable rate" for any day on which there is a Loan outstanding and the amount of a Lender's participation in the Loans: (i) is less than 33 per cent. of the amount of its Commitment on that day is 0.10 per cent. per annum; (ii) is equal to or exceeds 33 per cent. but is less than 66 per cent. of the amount of its Commitment on that day is 0.20 per cent. per annum; and (iii) is equal to or exceeds 66 per cent. of the amount of its Commitment on that day is 0.40 per cent. per annum. (b) The utilisation fee shall begin to accrue on the first Utilisation Date and is payable on 31 December 2023 and thereafter on the last day of each successive period of three Months which ends during the Availability Period, on the last day of the Availability Period and at the time the cancellation of the relevant Lender's Commitment is effective or, if later, the last day on which any part of its participation in the Loans becomes repayable. (c) Notwithstanding any other provision of this Agreement, each utilisation fee payable under this Clause 13.2 (Utilisation fee) shall be paid in dollars.

Utilisation fee. Where the principal amount outstanding of the drawn Loans under the Facility, expressed as a percentage of the Total Commitments, fall within a percentage range set out in the left hand column below, the Parent (or a Borrower nominated by the Parent) shall pay to the Agent (for the account of each Lender in respect of its participation in the Loan(s)) a utilisation fee which shall be computed at a rate equal to the rate per annum set out opposite such percentage range in the right hand column below on the total outstanding Loans. Utilisation fees are calculated on a day to day basis and accrued utilisation fees are payable quarterly in arrear until the Termination Date and on the date a Lender’s Commitment is cancelled in full. Less than or equal to 33 1/3% Nil Greater than 33 1/3% and less than or equal to 66 2/3% 0.20% Greater than 66 2/3% 0.40%

Utilisation fee. (a) The Company shall pay to the Facility Agent (for the account of the Lenders pro rata to their Outstandings) a utilisation fee computed at the rate of 0.05 per cent. per annum on the Total Outstandings for each day that the Total Outstandings are in an amount exceeding 50 per cent. of the Total Commitments. (b) The accrued utilisation fee is payable on the last day of each successive period of three Months commencing from the date of this Agreement and on the Termination Date.

Utilisation fee. 25.5.1 The Company must pay to the Facility Agent for each Lender a utilisation fee computed at the rate of 0.20 per cent. per annum on the aggregate principal amount of the Loans for each day on which the aggregate Base Currency Amount of all Loans exceeds 33.3 per cent. of the Total Commitments. 25.5.2 The Company must pay to the Facility Agent for each Lender a utilisation fee computed at the rate of 0.40 per cent. per annum on the aggregate principal amount of the Loans for each day on which the Base Currency Amount of all Loans exceeds 66.6 per cent. of the Total Commitments. For the avoidance of doubt, the fee described in sub-clause 25.5.1 above is not payable in respect of any day for which the fee described in this sub-clause 25.5.2 is payable. 25.5.3 Utilisation fee is payable on the amount of each Lender’s share in the Loans. 25.5.4 Accrued utilisation fee is payable quarterly in arrears. Accrued utilisation fee is also payable to the Facility Agent for a Lender on the date its Commitment is cancelled in full.

Utilisation fee. (a) Each Obligor shall pay to the Agent in euros, for distribution to each Bank a utilisation fee on the Original Euro Amount of all Utilisations outstanding on each day during any quarter in which the utilisation fee is payable in accordance with Clause 22.4(b) at the rate per annum specified in Clause 10.5 (Margin and utilisation fee) above. (b) The utilisation fee is calculated and accrues from the Signing Date and shall be payable in respect of each quarter during which the total aggregate amount of Utilisations exceeds 50 per cent. of Total Commitments quarterly in arrears on the same date that the Commitment Fee referred to in Clause 22.2(b) (Commitment fee) above is paid. Accrued utilisation fee is also payable to the Agent for the relevant Banks on the Final Maturity Date.

Utilisation fee. (a) There shall be no utilisation fee payable to the Facility Agent for each day on which the aggregate amount of the Loans is equal to or less than 50 per cent. of the Total Commitments. (b) The Company or the Obligors (other than the Company) must pay to the Facility Agent for each Lender a utilisation fee computed at the rate of, for each day on which the aggregate amount of the Loans exceeds 50 per cent. of the Total Commitments, 0.07 per cent. per annum. (c) Utilisation fee is payable on the amount of each Lender’s share in the Loans. (d) Accrued utilisation fee is payable quarterly in arrear and calculated on a 360 day basis on each day on the amount of the Loans outstanding. Accrued utilisation fee is also payable to the Facility Agent for a Lender on the date that its Commitment is cancelled and its share in the Loans prepaid or repaid in full.

Utilisation fee. (a) The Borrower shall pay to the Agent (for the account of each Lender) a fee computed at the rate of 0.30 per cent. per annum of any outstanding Loans for such period prior to the Reduction Date that the Utilisations under the Facility exceed 50 per cent. of the Total Commitments; and (b) The accrued utilisation fee is payable on the last day of each successive period of three Months which ends prior to the Reduction Date and on the Reduction Date.