Common use of Utilisation fee Clause in Contracts

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. (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 ’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 ’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 Effective Date and is payable on 31 December 2023 30 June 2014 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 ’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. (a) The Borrower Borrowers shall pay to the Facility Agent (for the account of each Lender) a fee in the Base Currency computed at the applicable rate on each Lender's ’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 its participation in the Loans: (i) is less than 33 331/3 per cent. of the amount of its Commitment on that day is 0.10 per cent. per annumzero; (ii) is equal to equals or exceeds 33 331/3 per cent. but is less than 66 662/3 per cent. of the amount of its Commitment Facility on that day is 0.20 0.025 per cent. per annum; and (iii) is equal to equals or exceeds 66 662/3 per cent. ., of the amount of its Commitment the Facility on that day is 0.40 0.05 per cent. per annum. In relation to any day on which a Lender’s Commitment equals zero but its participation in the Loans does not, for the purpose of calculating the utilisation fee its Commitment shall be deemed to be the amount at which it stood immediately before it first equalled zero. (b) The accrued 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 PeriodPeriod applicable to the Facility, on the last day of the Availability Period applicable to the Facility and at the time the cancellation of the relevant Lender's ’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.