Common use of Utilisation fee Clause in Contracts

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 --------------------------------------------------------------------------------