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% SECTION 6 ADDITIONAL PAYMENT OBLIGATIONS
Appears in 2 contracts
Samples: Assignment Agreement (Sibanye Gold LTD), Assignment Agreement (Gold Fields LTD)
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 0.20% Greater than 33 1/3% and less than or equal to 66 2/3% 0.200.40% Greater than 66 2/3% 0.400.60% SECTION 6 ADDITIONAL PAYMENT OBLIGATIONS
Appears in 2 contracts
Samples: Assignment Agreement (Gold Fields LTD), Assignment Agreement (Sibanye Gold LTD)