Common use of Utilisation fee Clause in Contracts

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%

Appears in 2 contracts

Samples: Credit Facility Agreement (Sibanye Gold LTD), Credit Facility Agreement (Gold Fields LTD)

AutoNDA by SimpleDocs

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%

Appears in 2 contracts

Samples: Credit Facility Agreement (Gold Fields LTD), Credit Facility Agreement (Sibanye Gold LTD)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!